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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
+7.12%
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
$1.66B
AUM Growth
+$162M
(+11%)
Cap. Flow
+$54.8M
Cap. Flow
% of AUM
3.29%
Top 10 Holdings %
Top 10 Hldgs %
78.74%
Holding
17
New
2
Increased
5
Reduced
5
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AZPN
Aspen Technology Inc
AZPN
|
+$66.6M |
| 2 |
Icon
ICLR
|
+$51.7M |
| 3 |
Mastercard
MA
|
+$29.7M |
| 4 |
Tyler Technologies
TYL
|
+$28M |
| 5 |
Airbnb
ABNB
|
+$15.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Adobe
ADBE
|
+$51.2M |
| 2 |
BERY
Berry Global Group, Inc.
BERY
|
+$41.1M |
| 3 |
Lowe's Companies
LOW
|
+$24.4M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$14.1M |
| 5 |
ASML
ASML
|
+$6.76M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 36.65% |
| 2 | Financials | 29.2% |
| 3 | Technology | 25.87% |
| 4 | Communication Services | 4.61% |
| 5 | Healthcare | 3.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
HDFC Bank
HDB
$124B
| $215M | 12.92% |
6,162,652
| – | – |
|
2
Floor & Decor
FND
$5.98B
| $195M | 11.74% |
1,876,937
+25,000
| +1% | +$2.39M |
|
|
3
Lowe's Companies
LOW
$118B
| $191M | 11.52% |
848,059
-117,298
| -12% | -$24.4M |
|
4
Visa
V
$684B
| $186M | 11.21% |
784,868
-15,825
| -2% | -$3.62M |
|
|
5
Adobe
ADBE
$98.5B
| $93.5M | 5.63% |
191,263
-127,086
| -40% | -$51.2M |
|
|
6
Airbnb
ABNB
$90.3B
| $91.5M | 5.51% |
714,042
+134,550
| +23% | +$15.7M |
|
7
VeriSign
VRSN
$25.9B
| $85.7M | 5.16% |
379,331
| – | – |
|
|
AZPN
8
DELISTED
Aspen Technology Inc
AZPN
| $85.3M | 5.13% |
509,017
+358,832
| +239% | +$66.6M |
|
|
9
Mastercard
MA
$510B
| $84.1M | 5.06% |
213,907
+79,115
| +59% | +$29.7M |
|
|
10
ASML
ASML
$634B
| $80.9M | 4.86% |
111,573
-9,948
| -8% | -$6.76M |
|
11
Chipotle Mexican Grill
CMG
$48.8B
| $79.2M | 4.77% |
1,852,450
+45,000
| +2% | +$1.78M |
|
|
12
Alphabet (Google) Class C
GOOG
$4.08T
| $76.7M | 4.61% |
633,884
-121,445
| -16% | -$14.1M |
|
|
13
Icon
ICLR
$12.8B
| $60.9M | 3.67% |
+243,578
| New | +$51.7M |
|
14
Clarivate
CLVT
$1.29B
| $54.4M | 3.27% |
5,710,943
| – | – |
|
15
Alibaba
BABA
$279B
| $51.9M | 3.12% |
622,879
| – | – |
|
|
16
Tyler Technologies
TYL
$13.2B
| $30.2M | 1.82% |
+72,625
| New | +$28M |
|
|
BERY
17
DELISTED
Berry Global Group, Inc.
BERY
| – | – |
-759,747
| Closed | -$41.1M |
|
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Two Creeks Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Two Creeks Capital Management held 17 positions worth $1.66B, up 11% from $1.5B the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Two Creeks Capital Management deployed $54.8M of net new capital in Q2 2023, opening 2 new positions and adding to 5 existing holdings. Its largest new stake was Icon: 243,578 shares worth $60.9M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 37% of assets, down from 38% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was Adobe, an estimated $51.2M trimmed.
- Two Creeks Capital Management's largest Q2 2023 buy was Icon: 243,578 shares worth $60.9M.
- Two Creeks Capital Management added most to Aspen Technology Inc in Q2 2023, an estimated $66.6M increase.
- Two Creeks Capital Management's biggest Q2 2023 reduction was Adobe, cutting an estimated $51.2M.
- Two Creeks Capital Management fully exited Berry Global Group, Inc. in Q2 2023, selling an estimated $41.1M.
- Two Creeks Capital Management's ten largest holdings make up 79% of its $1.66B portfolio in Q2 2023.
- Two Creeks Capital Management opened 2 new positions and closed 1 in Q2 2023.
- Two Creeks Capital Management's portfolio value rose 11% quarter-over-quarter to $1.66B.
Based on Two Creeks Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.