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TCM
Tybourne Capital Management Portfolio holdings
AUM
$30.9M
1-Year Est. Return
20.1%
This Fund
S&P 500
This Quarter
Est. Return
+62.66%
1 Year Est. Return
+20.1%
3 Year Est. Return
+108.99%
5 Year Est. Return
+80.28%
10 Year Est. Return
+751.59%
AUM
$3.29B
AUM Growth
+$554M
(+20%)
Cap. Flow
-$495M
Cap. Flow
% of AUM
-15.06%
Top 10 Holdings %
Top 10 Hldgs %
66.89%
Holding
30
New
9
Increased
2
Reduced
8
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Match Group
MTCH
|
+$213M |
| 2 |
American Express
AXP
|
+$200M |
| 3 |
DFS
Discover Financial Services
DFS
|
+$175M |
| 4 |
Sea Limited
SE
|
+$140M |
| 5 |
RTX Corp
RTX
|
+$132M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$286M |
| 2 |
Salesforce
CRM
|
+$209M |
| 3 |
TAL Education Group
TAL
|
+$178M |
| 4 |
ServiceNow
NOW
|
+$145M |
| 5 |
Chipotle Mexican Grill
CMG
|
+$134M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 28.33% |
| 2 | Financials | 20.72% |
| 3 | Technology | 18.72% |
| 4 | Communication Services | 15.29% |
| 5 | Industrials | 11.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Mercado Libre
MELI
$92.1B
| $318M | 9.66% |
322,228
-123,829
| -28% | -$92.9M |
|
|
2
Match Group
MTCH
$8.89B
| $273M | 8.3% |
+2,550,203
| New | +$213M |
|
|
FTCH
3
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $250M | 7.61% |
14,478,148
-1,483,418
| -9% | -$20.1M |
|
|
4
ServiceNow
NOW
$102B
| $213M | 6.47% |
2,623,870
-2,058,500
| -44% | -$145M |
|
|
XYZ
5
Block Inc
XYZ
$46.1B
| $209M | 6.35% |
1,987,688
+188,200
| +10% | +$14.4M |
|
|
6
Sea Limited
SE
$61.5B
| $208M | 6.33% |
+1,940,439
| New | +$140M |
|
|
7
American Express
AXP
$222B
| $207M | 6.3% |
+2,176,232
| New | +$200M |
|
|
DFS
8
DELISTED
Discover Financial Services
DFS
| $199M | 6.05% |
+3,967,556
| New | +$175M |
|
9
Netflix
NFLX
$294B
| $178M | 5.41% |
3,910,330
-1,459,800
| -27% | -$62.1M |
|
|
10
Amazon
AMZN
$2.5T
| $145M | 4.42% |
1,053,060
-2,370,000
| -69% | -$286M |
|
11
PayPal
PYPL
$49.5B
| $143M | 4.36% |
822,616
-853,500
| -51% | -$118M |
|
12
Planet Fitness
PLNT
$4.27B
| $132M | 4.03% |
+2,187,049
| New | +$131M |
|
13
Visa
V
$674B
| $132M | 4.01% |
682,500
+500,400
| +275% | +$91.4M |
|
|
14
RTX Corp
RTX
$286B
| $130M | 3.96% |
+2,113,279
| New | +$132M |
|
15
Zentalis Pharmaceuticals
ZNTL
$305M
| $128M | 3.89% |
+2,664,409
| New | +$102M |
|
16
Chewy
CHWY
$8.62B
| $128M | 3.89% |
2,861,115
-655,009
| -19% | -$28.6M |
|
17
Atlassian
TEAM
$21.9B
| $123M | 3.75% |
684,048
-265,472
| -28% | -$44.1M |
|
|
ZEN
18
DELISTED
ZENDESK INC
ZEN
| $71M | 2.16% |
+801,872
| New | +$61.7M |
|
19
Cardlytics
CDLX
$21.6M
| $51.6M | 1.57% |
+73,792
| New | +$42.6M |
|
|
BCYC
20
Bicycle Therapeutics
BCYC
$274M
| $30.8M | 0.94% |
1,957,961
| – | – |
|
21
Exicure
XCUR
$11M
| $17.9M | 0.54% |
48,933
| – | – |
|
|
22
Chipotle Mexican Grill
CMG
$40.8B
| – | – |
-10,260,000
| Closed | -$134M |
|
|
23
Salesforce
CRM
$134B
| – | – |
-1,448,561
| Closed | -$209M |
|
24
Alphabet (Google) Class A
GOOGL
$3.9T
| – | – |
-1,483,540
| Closed | -$86.2M |
|
25
lululemon athletica
LULU
$13B
| – | – |
-415,100
| Closed | -$78.7M |
|
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Tybourne Capital Management's Q2 2020 Portfolio in Review
As of Q2 2020, Tybourne Capital Management held 30 positions worth $3.29B, up 20% from $2.73B the previous quarter. Its ten largest holdings account for 67% of the portfolio.
Tybourne Capital Management withdrew a net $495M in Q2 2020, closing 9 positions and reducing 8 holdings. Its most notable exit was Salesforce, an estimated $209M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, down from 38% a quarter earlier, followed by Financials and Technology.
Against the trend, Tybourne Capital Management opened a new position in Match Group worth $273M.
- Tybourne Capital Management's largest Q2 2020 buy was Match Group: 2,550,203 shares worth $273M.
- Tybourne Capital Management added most to Visa in Q2 2020, an estimated $91.4M increase.
- Tybourne Capital Management's biggest Q2 2020 reduction was Amazon, cutting an estimated $286M.
- Tybourne Capital Management fully exited Salesforce in Q2 2020, selling an estimated $209M.
- Tybourne Capital Management's ten largest holdings make up 67% of its $3.29B portfolio in Q2 2020.
- Tybourne Capital Management opened 9 new positions and closed 9 in Q2 2020.
- Tybourne Capital Management's portfolio value rose 20% quarter-over-quarter to $3.29B.
Based on Tybourne Capital Management's 13F filing for Q2 2020, filed 13 Aug 2020.