Estuary Capital Management LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Estuary Capital Management LP reported 23 stock positions worth $562.4 million. Its top holding was Advance Auto Parts (AAP) at 6.6% of the portfolio, followed by Amazon.com (AMZN, 6.5%) and Transdigm (TDG, 6.5%). Compared with Q3 2025, it opened 15 new positions, sold out of 8, added to 2 and reduced 6. The biggest buy was a new position in Amazon.com (AMZN) and the biggest sale an exit from Dollar Tree (DLTR).
- Most Recent 13F
- Q2 2026
- Location
- WAYZATA, MN
- CIK
- 0001965005
- Portfolio Value
- $562.4M (Q4 2025)
- SEC Filing
- 0001965005-26-000002 ↗ filed Feb 17, 2026
Holdings Value
Holdings 23 stocks · $562.4M
| AAP Advance Auto Parts Inc. | 6.57% | 940,592 | $37.0M | Add +81.9% |
| AMZN Amazon.com Inc. | 6.52% | 158,800 | $36.7M | New |
| TDG Transdigm Group Inc. | 6.51% | 27,520 | $36.6M | New |
| MSFT Microsoft Corp. | 6.46% | 75,170 | $36.4M | New |
| AMD Advanced Micro Devices | 6.45% | 169,450 | $36.3M | New |
| AVGO Broadcom Inc. | 6.45% | 104,760 | $36.3M | New |
| NVDA Nvidia Corp. | 6.44% | 194,300 | $36.2M | New |
| TER Teradyne Inc. | 6.44% | 187,210 | $36.2M | New |
| GPN Global Payments Inc. | 6.15% | 446,688 | $34.6M | Reduce -11.0% |
| ICFI Icf International Inc. | 5.91% | 389,568 | $33.2M | Reduce -23.8% |
| CRDO Credo Technology Group Holdi | 5.63% | 220,009 | $31.7M | New |
| FOXF Fox Factory Holding Corp. | 4.79% | 1,574,759 | $26.9M | Add +4.6% |
| HON Honeywell International Inc. | 4.59% | 132,400 | $25.8M | New |
| LIN Linde PLC | 4.52% | 59,583 | $25.4M | New |
| MNRO Monro Inc. | 3.43% | 963,927 | $19.3M | Reduce -3.2% |
| JAZZ Jazz Pharmaceuticals PLC | 3.22% | 106,387 | $18.1M | Reduce -70.7% |
| UHAL.B U-Haul Holding Co.-Non Voting | 2.82% | 339,852 | $15.9M | New |
| OWL Blue Owl Capital Inc. | 2.54% | 956,257 | $14.3M | New |
| DG Dollar General Corp. | 1.03% | 43,533 | $5.8M | Reduce -90.9% |
| COO The Cooper Cos Inc. | 1.03% | 70,397 | $5.8M | Reduce -88.7% |
| GDDY GoDaddy Inc. Class A | 0.97% | 43,800 | $5.4M | New |
| USLM United States Lime & Mineral | 0.91% | 42,691 | $5.1M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.62% | 11,480 | $3.5M | New |
Portfolio Sells Q3 2025 → Q4 2025
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −8.69 |
| BAH Booz Allen Hamilton Holdings | Sold out | 0.00% | −8.41 |
| DG Dollar General Corp. | Reduce -90.9% | 1.03% | −7.71 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −7.54 |
| CACI Caci International Inc. Class A | Sold out | 0.00% | −6.66 |
| COO The Cooper Cos Inc. | Reduce -88.7% | 1.03% | −6.55 |
| JAZZ Jazz Pharmaceuticals PLC | Reduce -70.7% | 3.22% | −5.28 |
| QDEL Quidelortho Corp. | Sold out | 0.00% | −5.08 |
| UHS Universal Health Services-B | Sold out | 0.00% | −3.79 |
| ICFI Icf International Inc. | Reduce -23.8% | 5.91% | −2.51 |
| UHAL U-Haul Holding Co. | Sold out | 0.00% | −2.17 |
| ACHC Acadia Healthcare Co. Inc. | Sold out | 0.00% | −1.72 |
| GPN Global Payments Inc. | Reduce -11.0% | 6.15% | −1.26 |
| MNRO Monro Inc. | Reduce -3.2% | 3.43% | +0.26 |
Portfolio Buys Q3 2025 → Q4 2025
| AMZN Amazon.com Inc. | New | 6.52% | +6.52 |
| TDG Transdigm Group Inc. | New | 6.51% | +6.51 |
| MSFT Microsoft Corp. | New | 6.46% | +6.46 |
| AMD Advanced Micro Devices | New | 6.45% | +6.45 |
| AVGO Broadcom Inc. | New | 6.45% | +6.45 |
| NVDA Nvidia Corp. | New | 6.44% | +6.44 |
| TER Teradyne Inc. | New | 6.44% | +6.44 |
| CRDO Credo Technology Group Holdi | New | 5.63% | +5.63 |
| HON Honeywell International Inc. | New | 4.59% | +4.59 |
| LIN Linde PLC | New | 4.52% | +4.52 |
| UHAL.B U-Haul Holding Co.-Non Voting | New | 2.82% | +2.82 |
| OWL Blue Owl Capital Inc. | New | 2.54% | +2.54 |
| GDDY GoDaddy Inc. Class A | New | 0.97% | +0.97 |
| AAP Advance Auto Parts Inc. | Add +81.9% | 6.57% | +0.94 |
| USLM United States Lime & Mineral | New | 0.91% | +0.91 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.62% | +0.62 |
| FOXF Fox Factory Holding Corp. | Add +4.6% | 4.79% | −1.70 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 21 | $589.3M | GPN, ICFI, OWL, ARES, AAP |
| Q1 2026 | 22 | $597.7M | CRDO, ORCL, OWL, COHR, LITE |
| Q4 2025 | 23 | $562.4M | AAP, AMZN, TDG, MSFT, AMD |
| Q3 2025 | 16 | $563.2M | DG, DLTR, JAZZ, ICFI, BAH |
| Q2 2025 | 13 | $513.0M | AAP, BAH, GPN, UHS, CACI |
| Q1 2025 | 14 | $412.1M | DLTR, UNH, AAP, DG, JAZZ |
| Q4 2024 | 10 | $342.3M | DAWN, DLTR, AAP, DG, COKE |
| Q3 2024 | 16 | $372.8M | GPN, DAWN, AAP, NVDA, TSM |
| Q2 2024 | 17 | $310.1M | DAWN, AAP, DG, DLTR, JAZZ |
| Q1 2024 | 16 | $246.1M | DLTR, DAWN, DG, JAZZ, CLH |