Fernbridge Capital Management LP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Fernbridge Capital Management LP reported 17 stock positions worth $1.6 billion. Its top holding was Salesforce (CRM) at 23.1% of the portfolio, followed by Intuit (INTU, 13.8%) and PTC (PTC, 11.8%). Compared with Q4 2025, it opened 3 new positions, sold out of 6, added to 6 and reduced 8. The biggest buy was Intuit (INTU, shares +429%) and the biggest sale Amazon.com (AMZN, shares −62%).
- Most Recent 13F
- Q2 2026
- Location
- LOS ANGELES, CA
- CIK
- 0001827734
- Portfolio Value
- $1.6B (Q1 2026)
- SEC Filing
- 0002073679-26-000064 ↗ filed May 15, 2026
Holdings Value
Holdings 17 stocks · $1.6B
| CRM Salesforce Inc. | 23.08% | 1,929,462 | $360.2M | Add +9.7% |
| INTU Intuit Inc. | 13.83% | 499,127 | $215.8M | Add +429.2% |
| PTC PTC Inc. | 11.83% | 1,295,434 | $184.6M | Add +5.7% |
| WDAY Workday Inc. Class A | 9.18% | 1,103,072 | $143.3M | Reduce -21.6% |
| V Visa Inc. Class A | 7.36% | 380,289 | $114.9M | Add +57.3% |
| TTEK Tetra Tech Inc. | 6.56% | 3,400,775 | $102.4M | Add +10.9% |
| AMZN Amazon.com Inc. | 4.83% | 362,225 | $75.4M | Reduce -62.3% |
| XYL Xylem Inc. | 4.11% | 536,785 | $64.1M | Add +62.4% |
| CNM Core & Main Inc. Class A | 3.71% | 1,172,949 | $57.9M | Reduce -24.1% |
| AVGO Broadcom Inc. | 2.95% | 148,655 | $46.0M | New |
| COF Capital One Financial Corp. | 2.70% | 230,577 | $42.1M | Reduce -9.4% |
| PFGC Performance Food Group Co. | 2.20% | 400,573 | $34.3M | New |
| SPOT Spotify Technology SA | 2.10% | 67,650 | $32.8M | Reduce -10.2% |
| BKNG Booking Holdings Inc. | 1.98% | 7,350 | $30.9M | Reduce -30.9% |
| LPX Louisiana-Pacific Corp. | 1.89% | 405,097 | $29.5M | Reduce -55.0% |
| APP AppLovin Corp. Class A | 0.88% | 34,631 | $13.8M | Reduce -18.0% |
| DASH DoorDash Inc. Class A | 0.80% | 83,106 | $12.5M | New |
Portfolio Sells Q4 2025 → Q1 2026
| AMZN Amazon.com Inc. | Reduce -62.3% | 4.83% | −6.06 |
| WDAY Workday Inc. Class A | Reduce -21.6% | 9.18% | −5.65 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −2.69 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −2.11 |
| LYV Live Nation Entertainment Inc. | Sold out | 0.00% | −2.02 |
| LPX Louisiana-Pacific Corp. | Reduce -55.0% | 1.89% | −1.68 |
| XYZ Block Inc. | Sold out | 0.00% | −1.39 |
| BKNG Booking Holdings Inc. | Reduce -30.9% | 1.98% | −0.82 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.79 |
| APP AppLovin Corp. Class A | Reduce -18.0% | 0.88% | −0.51 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.50 |
| COF Capital One Financial Corp. | Reduce -9.4% | 2.70% | −0.33 |
| CNM Core & Main Inc. Class A | Reduce -24.1% | 3.71% | −0.23 |
| SPOT Spotify Technology SA | Reduce -10.2% | 2.10% | −0.05 |
Portfolio Buys Q4 2025 → Q1 2026
| INTU Intuit Inc. | Add +429.2% | 13.83% | +10.76 |
| V Visa Inc. Class A | Add +57.3% | 7.36% | +3.20 |
| AVGO Broadcom Inc. | New | 2.95% | +2.95 |
| PFGC Performance Food Group Co. | New | 2.20% | +2.20 |
| XYL Xylem Inc. | Add +62.4% | 4.11% | +1.90 |
| TTEK Tetra Tech Inc. | Add +10.9% | 6.56% | +1.51 |
| PTC PTC Inc. | Add +5.7% | 11.83% | +1.34 |
| DASH DoorDash Inc. Class A | New | 0.80% | +0.80 |
| CRM Salesforce Inc. | Add +9.7% | 23.08% | +0.19 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 16 | $1.4B | CRM, V, PTC, WDAY, INTU |
| Q1 2026 | 17 | $1.6B | CRM, INTU, PTC, WDAY, V |
| Q4 2025 | 20 | $2.0B | CRM, WDAY, AMZN, PTC, TTEK |
| Q3 2025 | 24 | $2.1B | CRM, WDAY, PTC, AMZN, LPX |
| Q2 2025 | 24 | $2.1B | CRM, PTC, WDAY, AMZN, INTU |
| Q1 2025 | 17 | $1.8B | INTU, PTC, CRM, WDAY, AMZN |
| Q4 2024 | 22 | $1.9B | INTU, PTC, WDAY, CRM, UBER |
| Q3 2024 | 23 | $1.6B | CRM, PTC, AMZN, FIS, WDAY |
| Q2 2024 | 22 | $1.5B | CRM, PTC, AMZN, FIS, TMUS |
| Q1 2024 | 19 | $1.3B | PTC, TMUS, CRM, AMZN, SHW |