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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
+16.09%
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
$1.53B
AUM Growth
-$38.6M
(-2.5%)
Cap. Flow
-$232M
Cap. Flow
% of AUM
-15.2%
Top 10 Holdings %
Top 10 Hldgs %
56.29%
Holding
29
New
6
Increased
3
Reduced
17
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Atlassian
TEAM
|
+$50.7M |
| 2 |
Microsoft
MSFT
|
+$38.9M |
| 3 |
TLN
Talen Energy Corp
TLN
|
+$33.8M |
| 4 |
ASML
ASML
|
+$27.7M |
| 5 |
Tyler Technologies
TYL
|
+$26.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Adobe
ADBE
|
+$80.6M |
| 2 |
KLA
KLAC
|
+$50.4M |
| 3 |
Icon
ICLR
|
+$48.4M |
| 4 |
EQT Corp
EQT
|
+$27.8M |
| 5 |
Visa
V
|
+$27.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.34% |
| 2 | Technology | 20.4% |
| 3 | Financials | 13% |
| 4 | Energy | 7.56% |
| 5 | Materials | 6.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Floor & Decor
FND
$5.73B
| $123M | 8.06% |
1,619,457
-149,402
| -8% | -$11.1M |
|
|
TLN
2
Talen Energy Corp
TLN
$18.1B
| $98M | 6.42% |
336,885
+142,652
| +73% | +$33.8M |
|
3
Uber
UBER
$140B
| $90.4M | 5.92% |
969,003
-101,850
| -10% | -$8.38M |
|
4
Flutter Entertainment
FLUT
$17.5B
| $82.7M | 5.42% |
289,455
+58,335
| +25% | +$14.3M |
|
|
5
Visa
V
$669B
| $82M | 5.37% |
230,958
-79,715
| -26% | -$27.8M |
|
6
CRH
CRH
$65.5B
| $80.7M | 5.29% |
879,163
-74,919
| -8% | -$6.83M |
|
7
Lowe's Companies
LOW
$113B
| $79M | 5.18% |
356,030
-63,133
| -15% | -$14.1M |
|
8
Chipotle Mexican Grill
CMG
$41.1B
| $78.6M | 5.15% |
1,400,372
-494,578
| -26% | -$25.2M |
|
|
9
ASML
ASML
$693B
| $72.7M | 4.76% |
90,730
+38,543
| +74% | +$27.7M |
|
|
10
EQT Corp
EQT
$33.4B
| $71.8M | 4.71% |
1,231,711
-515,376
| -29% | -$27.8M |
|
11
Coupang
CPNG
$28.1B
| $66.1M | 4.33% |
2,206,297
-843,585
| -28% | -$21.6M |
|
12
Airbnb
ABNB
$81.6B
| $64.2M | 4.2% |
484,784
-77,741
| -14% | -$9.85M |
|
13
Wingstop
WING
$3.67B
| $62.9M | 4.12% |
186,811
-85,116
| -31% | -$25.2M |
|
14
Idexx Laboratories
IDXX
$42.5B
| $61.4M | 4.02% |
114,459
-45,795
| -29% | -$21.9M |
|
15
Mastercard
MA
$469B
| $61.4M | 4.02% |
109,214
-974
| -0.9% | -$539K |
|
16
Planet Fitness
PLNT
$4.29B
| $59M | 3.87% |
540,979
-220,476
| -29% | -$22.1M |
|
17
HDFC Bank
HDB
$119B
| $51.1M | 3.35% |
1,331,940
-577,288
| -30% | -$20.9M |
|
|
18
Atlassian
TEAM
$20.3B
| $49.5M | 3.24% |
+243,585
| New | +$50.7M |
|
|
19
Microsoft
MSFT
$2.83T
| $44.5M | 2.92% |
+89,471
| New | +$38.9M |
|
|
EXE
20
Expand Energy Corp
EXE
$21.9B
| $43.5M | 2.85% |
372,278
-31,717
| -8% | -$3.54M |
|
|
21
Tyler Technologies
TYL
$11.9B
| $28.2M | 1.85% |
+47,504
| New | +$26.9M |
|
|
22
KLA
KLAC
$286B
| $26.1M | 1.71% |
290,890
-670,410
| -70% | -$50.4M |
|
23
Martin Marietta Materials
MLM
$32.8B
| $21.9M | 1.44% |
39,913
-38,580
| -49% | -$20.4M |
|
24
PUT
Iridium Communications
IRDM
$5.05B
| $15.9M | 1.04% |
+525,700
| New | +$13.7M |
|
25
PUT
Boston Beer
SAM
$1.82B
| $5.72M | 0.38% |
+30,000
| New | +$6.91M |
|
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Two Creeks Capital Management's Q2 2025 Portfolio in Review
As of Q2 2025, Two Creeks Capital Management held 29 positions worth $1.53B, down 2.5% from $1.56B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Two Creeks Capital Management withdrew a net $232M in Q2 2025, closing 2 positions and reducing 17 holdings. Its most notable exit was Adobe, an estimated $80.6M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 40% of assets, down from 42% a quarter earlier, followed by Technology and Financials.
Against the trend, Two Creeks Capital Management opened a new position in Atlassian worth $49.5M.
- Two Creeks Capital Management's largest Q2 2025 buy was Atlassian: 243,585 shares worth $49.5M.
- Two Creeks Capital Management added most to Talen Energy Corp in Q2 2025, an estimated $33.8M increase.
- Two Creeks Capital Management's biggest Q2 2025 reduction was KLA, cutting an estimated $50.4M.
- Two Creeks Capital Management fully exited Adobe in Q2 2025, selling an estimated $80.6M.
- Two Creeks Capital Management's ten largest holdings make up 56% of its $1.53B portfolio in Q2 2025.
- Two Creeks Capital Management opened 6 new positions and closed 2 in Q2 2025.
- Two Creeks Capital Management's portfolio value fell 2.5% quarter-over-quarter to $1.53B.
Based on Two Creeks Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.