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TCCM
Two Creeks Capital Management Portfolio holdings
AUM
$974M
1-Year Est. Return
2.54%
This Fund
S&P 500
This Quarter
Est. Return
+27.44%
1 Year Est. Return
+2.54%
3 Year Est. Return
+28.44%
5 Year Est. Return
+30.87%
10 Year Est. Return
+227.36%
AUM
$1.43B
AUM Growth
+$203M
(+17%)
Cap. Flow
-$110M
Cap. Flow
% of AUM
-7.65%
Top 10 Holdings %
Top 10 Hldgs %
83.53%
Holding
18
New
1
Increased
3
Reduced
7
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Popular Inc
BPOP
|
+$39.8M |
| 2 |
HDFC Bank
HDB
|
+$20.3M |
| 3 |
AZPN
ASPEN TECHNOLOGY INC
AZPN
|
+$16.7M |
| 4 |
Lowe's Companies
LOW
|
+$11.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Adobe
ADBE
|
+$60.7M |
| 2 |
Floor & Decor
FND
|
+$34.3M |
| 3 |
ICICI Bank
IBN
|
+$31.5M |
| 4 |
Visa
V
|
+$26.5M |
| 5 |
Ulta Beauty
ULTA
|
+$15.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 26.53% |
| 2 | Consumer Discretionary | 25.46% |
| 3 | Technology | 13.98% |
| 4 | Communication Services | 7.89% |
| 5 | Consumer Staples | 6.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
HDFC Bank
HDB
$122B
| $220M | 15.31% |
9,659,000
+987,252
| +11% | +$20.3M |
|
|
AZPN
2
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $154M | 10.74% |
1,487,040
+160,760
| +12% | +$16.7M |
|
|
3
Floor & Decor
FND
$6.26B
| $130M | 9.05% |
2,250,542
-752,621
| -25% | -$34.3M |
|
|
4
Visa
V
$682B
| $121M | 8.45% |
627,380
-145,225
| -19% | -$26.5M |
|
|
5
Adobe
ADBE
$98.8B
| $100M | 7.01% |
230,791
-163,786
| -42% | -$60.7M |
|
6
PTC
PTC
$15.9B
| $100M | 6.97% |
1,284,903
| – | – |
|
7
Constellation Brands
STZ
$22B
| $98.2M | 6.85% |
561,410
-87,208
| -13% | -$14.5M |
|
|
8
Lowe's Companies
LOW
$117B
| $95.7M | 6.68% |
708,393
+104,239
| +17% | +$11.9M |
|
|
BERY
9
DELISTED
Berry Global Group, Inc.
BERY
| $91.7M | 6.4% |
2,253,782
-389,200
| -15% | -$14.6M |
|
10
Alphabet (Google) Class C
GOOG
$4.32T
| $87.2M | 6.08% |
1,233,860
| – | – |
|
11
Restaurant Brands International
QSR
$25.8B
| $73.3M | 5.11% |
1,342,574
-4,600
| -0.3% | -$232K |
|
|
12
Ulta Beauty
ULTA
$21.8B
| $61.6M | 4.29% |
302,640
-73,721
| -20% | -$15.9M |
|
|
13
Popular Inc
BPOP
$11.3B
| $39.7M | 2.77% |
+1,068,461
| New | +$39.8M |
|
|
SPR
14
DELISTED
Spirit AeroSystems
SPR
| $30.8M | 2.15% |
1,288,502
| – | – |
|
15
Liberty Latin America Class C
LILAK
$1.63B
| $22.6M | 1.58% |
2,797,404
| – | – |
|
|
DESP
16
DELISTED
Despegar.com
DESP
| $4.67M | 0.33% |
650,350
| – | – |
|
|
17
Liberty Latin America Class A
LILA
$1.65B
| $3.37M | 0.24% |
541,511
| – | – |
|
|
18
ICICI Bank
IBN
$108B
| – | – |
-3,705,369
| Closed | -$31.5M |
|
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Two Creeks Capital Management's Q2 2020 Portfolio in Review
As of Q2 2020, Two Creeks Capital Management held 18 positions worth $1.43B, up 17% from $1.23B the previous quarter. Its ten largest holdings account for 84% of the portfolio.
Two Creeks Capital Management withdrew a net $110M in Q2 2020, closing 1 position and reducing 7 holdings. Its most notable exit was ICICI Bank, an estimated $31.5M position sold in full.
By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 26% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Two Creeks Capital Management opened a new position in Popular Inc worth $39.7M.
- Two Creeks Capital Management's largest Q2 2020 buy was Popular Inc: 1,068,461 shares worth $39.7M.
- Two Creeks Capital Management added most to HDFC Bank in Q2 2020, an estimated $20.3M increase.
- Two Creeks Capital Management's biggest Q2 2020 reduction was Adobe, cutting an estimated $60.7M.
- Two Creeks Capital Management fully exited ICICI Bank in Q2 2020, selling an estimated $31.5M.
- Two Creeks Capital Management's ten largest holdings make up 84% of its $1.43B portfolio in Q2 2020.
- Two Creeks Capital Management opened 1 new position and closed 1 in Q2 2020.
- Two Creeks Capital Management's portfolio value rose 17% quarter-over-quarter to $1.43B.
Based on Two Creeks Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.