Shellback Capital, LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Shellback Capital, LP reported 87 stock positions worth $1.0 billion. Its top holding was Tapestry (TPR) at 5.3% of the portfolio, followed by Royal Caribbean Cruises (RCL, 4.0%) and Netflix (NFLX, 3.6%). Compared with Q4 2024, it opened 24 new positions, sold out of 56, added to 22 and reduced 31. The biggest buy was a new position in JPMorgan Chase (JPM) and the biggest sale an exit from Ftai Aviation (FTAI).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001591744
- Portfolio Value
- $1.0B (Q1 2025)
- SEC Filing
- 0000902664-25-002383 ↗ filed May 15, 2025
Holdings Value
Holdings 87 stocks · $1.0B
| TPR Tapestry Inc. | 5.35% | 783,558 | $55.2M | Reduce -21.9% |
| RCL Royal Caribbean Cruises Ltd. | 3.98% | 200,000 | $41.1M | Add +53.9% |
| NFLX Netflix Inc. | 3.62% | 40,000 | $37.3M | Add +33.3% |
| DKS Dick's Sporting Goods Inc. | 3.50% | 179,000 | $36.1M | Reduce -8.3% |
| GPI Group 1 Automotive Inc. | 3.12% | 84,125 | $32.1M | Reduce -8.6% |
| DKNG Draftkings Inc. Class A | 2.98% | 925,000 | $30.7M | Add +29.8% |
| JPM JPMorgan Chase & Co. | 2.97% | 125,000 | $30.7M | New |
| AZO AutoZone Inc. | 2.76% | 7,457 | $28.4M | Add +645.7% |
| BURL Burlington Stores Inc. | 2.52% | 109,000 | $26.0M | Add +118.0% |
| ORLY O'reilly Automotive Inc. | 2.31% | 16,664 | $23.9M | Add +66.6% |
| EME Emcor Group Inc. | 2.31% | 64,482 | $23.8M | New |
| AS Amer Sports Inc. | 2.25% | 870,000 | $23.3M | Reduce -19.5% |
| META Meta Platforms Inc. Class A | 2.24% | 40,000 | $23.1M | Reduce -11.1% |
| OLLI Ollie's Bargain Outlet Holdi | 2.21% | 195,894 | $22.8M | Add +38.4% |
| LTH Life Time Group Holdings Inc. | 2.20% | 751,700 | $22.7M | Add +0.0% |
| TMO Thermo Fisher Scientific Inc. | 2.19% | 45,322 | $22.6M | New |
| ULTA Ulta Beauty Inc. | 2.10% | 59,150 | $21.7M | Add +168.9% |
| BBWI Bath & Body Works Inc. | 1.96% | 668,000 | $20.3M | Add +67.0% |
| QCOM Qualcomm Inc. | 1.96% | 131,598 | $20.2M | New |
| RL Ralph Lauren Corp. | 1.92% | 89,868 | $19.8M | Add +10.3% |
| CCL Carnival Corp. | 1.89% | 1,000,000 | $19.5M | Add +135.3% |
| SPOT Spotify Technology SA | 1.87% | 35,000 | $19.3M | No change |
| DOV Dover Corp. | 1.82% | 107,052 | $18.8M | New |
| BKNG Booking Holdings Inc. | 1.79% | 4,000 | $18.4M | New |
| GTES Gates Industrial Corp. UK Ltd. | 1.64% | 918,291 | $16.9M | New |
| HLT Hilton Worldwide Holdings Inc. | 1.54% | 70,000 | $15.9M | Reduce -26.3% |
| BOOT Boot Barn Holdings Inc. | 1.54% | 147,600 | $15.9M | Add +33.8% |
| DASH DoorDash Inc. Class A | 1.42% | 80,000 | $14.6M | Add +60.0% |
| LFUS Littelfuse Inc. | 1.35% | 70,687 | $13.9M | New |
| AMZN Amazon.com Inc. | 1.29% | 70,000 | $13.3M | Reduce -60.0% |
| DECK Deckers Outdoor Corp. | 1.26% | 116,600 | $13.0M | Reduce -31.4% |
| ETN Eaton Corp. PLC | 1.26% | 47,659 | $13.0M | New |
| ACN Accenture PLC Class A | 1.21% | 40,000 | $12.5M | Reduce -65.2% |
| SN Sharkninja Inc. | 1.16% | 143,915 | $12.0M | Reduce -35.9% |
| ABNB Airbnb Inc. Class A | 1.16% | 100,000 | $11.9M | New |
| LYV Live Nation Entertainment Inc. | 1.14% | 90,000 | $11.8M | New |
| VIK Viking Holdings Ltd. | 1.00% | 260,000 | $10.3M | Reduce -1.5% |
| WMT Walmart Inc. | 0.92% | 108,000 | $9.5M | Reduce -48.6% |
| NCLH Norwegian Cruise Line Holdin | 0.92% | 500,000 | $9.5M | Add +189.0% |
| ASO Academy Sports & Outdoors Inc. | 0.88% | 199,871 | $9.1M | Add +23.0% |
| TSEM Tower Semiconductor Ltd. | 0.86% | 250,000 | $8.9M | Reduce -39.4% |
| CHDN Churchill Downs Inc. | 0.81% | 74,923 | $8.3M | No change |
| HUBB Hubbell Inc. | 0.80% | 24,862 | $8.2M | New |
| FLUT Flutter Entertainment PLC-Di | 0.75% | 35,000 | $7.8M | Reduce -12.5% |
| LITE Lumentum Holdings Inc. | 0.74% | 122,800 | $7.7M | Reduce -70.2% |
| KNX Knight-Swift Transportation | 0.74% | 175,000 | $7.6M | New |
| CUBI Customers Bancorp Inc. | 0.63% | 130,423 | $6.5M | Add +20.8% |
| CPA Copa Holdings SA Class A | 0.63% | 70,036 | $6.5M | Reduce -69.5% |
| PRIM Primoris Services Corp. | 0.62% | 111,680 | $6.4M | New |
| VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC | 0.61% | 1,177,500 | $6.3M | New |
| HZO Marinemax Inc. | 0.59% | 283,387 | $6.1M | Add +0.2% |
| AES AES Corp. | 0.54% | 450,000 | $5.6M | Reduce -25.0% |
| TOL Toll Brothers Inc. | 0.51% | 50,000 | $5.3M | Reduce -86.1% |
| SAIA Saia Inc. | 0.51% | 15,000 | $5.2M | New |
| ITRI Itron Inc. | 0.47% | 45,835 | $4.8M | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.47% | 39,419 | $4.8M | Reduce -38.8% |
| BIRK Birkenstock Holding PLC | 0.44% | 100,000 | $4.6M | Reduce -17.1% |
| ROKU Roku Inc. | 0.44% | 65,000 | $4.6M | Add +8.3% |
| ESI Element Solutions Inc. | 0.43% | 194,459 | $4.4M | Reduce -55.8% |
| RRR Red Rock Resorts Inc. Class A | 0.42% | 100,000 | $4.3M | Add +300.0% |
| AXTA Axalta Coating Systems Ltd. | 0.41% | 126,185 | $4.2M | Reduce -44.2% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.40% | 75,000 | $4.1M | Add +400.0% |
| CART Maplebear Inc. | 0.39% | 100,000 | $4.0M | Reduce -60.0% |
| PINS Pinterest Inc. Class A | 0.38% | 125,000 | $3.9M | Add +150.0% |
| CAR Avis Budget Group Inc. | 0.37% | 50,000 | $3.8M | New |
| DLTR Dollar Tree Inc. | 0.36% | 50,000 | $3.8M | New |
| BYD Boyd Gaming Corp. | 0.32% | 50,000 | $3.3M | New |
| MTH Meritage Homes Corp. | 0.31% | 45,484 | $3.2M | Reduce -62.3% |
| URBN Urban Outfitters Inc. | 0.31% | 61,000 | $3.2M | Reduce -18.7% |
| PTON Peloton Interactive Inc. Class A | 0.31% | 500,000 | $3.2M | New |
| SRAD Sportradar Group AG-A | 0.30% | 141,929 | $3.1M | No change |
| WCC Wesco International Inc. | 0.30% | 19,635 | $3.0M | New |
| KBH KB Home | 0.28% | 50,000 | $2.9M | New |
| CZR Caesars Entertainment Inc. | 0.24% | 100,000 | $2.5M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.24% | 25,000 | $2.5M | Reduce -68.8% |
| DAL Delta Air Lines Inc. | 0.21% | 50,000 | $2.2M | Reduce -60.0% |
| RDDT Reddit Inc. Class A | 0.20% | 20,000 | $2.1M | Reduce -50.0% |
| WYNN WYNN Resorts Ltd. | 0.20% | 25,000 | $2.1M | No change |
| PAG Penske Automotive Group Inc. | 0.20% | 14,021 | $2.0M | No change |
| UAL United Airlines Holdings Inc. | 0.13% | 20,000 | $1.4M | New |
| MTN Vail Resorts Inc. | 0.13% | 8,400 | $1.3M | Reduce -81.3% |
| LAD Lithia Motors Inc. | 0.12% | 4,122 | $1.2M | Reduce -92.2% |
| ONEW Onewater Marine Inc. Class A | 0.11% | 70,659 | $1.1M | No change |
| MBUU Malibu Boats Inc. Class A | 0.09% | 31,450 | $965K | No change |
| PLYA Playa Hotels & Resorts NV | 0.08% | 63,754 | $850K | No change |
| PVH PVH Corp. | 0.06% | 9,590 | $620K | Reduce -86.9% |
| VIVID SEATS INC | 0.03% | 100,000 | $296K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| FTAI Ftai Aviation Ltd. | Sold out | 0.00% | −5.27 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −3.35 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −3.26 |
| TOL Toll Brothers Inc. | Reduce -86.1% | 0.51% | −2.61 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −2.08 |
| LITE Lumentum Holdings Inc. | Reduce -70.2% | 0.74% | −1.64 |
| ACN Accenture PLC Class A | Reduce -65.2% | 1.21% | −1.58 |
| AMZN Amazon.com Inc. | Reduce -60.0% | 1.29% | −1.35 |
| LAD Lithia Motors Inc. | Reduce -92.2% | 0.12% | −1.19 |
| ANF Abercrombie & Fitch Co. Class A | Sold out | 0.00% | −1.18 |
| DECK Deckers Outdoor Corp. | Reduce -31.4% | 1.26% | −1.12 |
| PH Parker Hannifin Corp. | Sold out | 0.00% | −1.07 |
| ROST Ross Stores Inc. | Sold out | 0.00% | −1.04 |
| GAP The Gap Inc. | Sold out | 0.00% | −0.86 |
| ENS Enersys | Sold out | 0.00% | −0.85 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.83 |
| PCAR Paccar Inc. | Sold out | 0.00% | −0.82 |
| CPA Copa Holdings SA Class A | Reduce -69.5% | 0.63% | −0.76 |
| GLW Corning Inc. | Sold out | 0.00% | −0.72 |
| SHAK Shake Shack Inc. Class A | Sold out | 0.00% | −0.72 |
| CCOI Cogent Communications Holdin | Sold out | 0.00% | −0.64 |
| TSEM Tower Semiconductor Ltd. | Reduce -39.4% | 0.86% | −0.60 |
| RACE Ferrari NV | Sold out | 0.00% | −0.51 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.50 |
| BA The Boeing Co. | Sold out | 0.00% | −0.49 |
| PVH PVH Corp. | Reduce -86.9% | 0.06% | −0.47 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.47 |
| J Jacobs Solutions Inc. | Sold out | 0.00% | −0.46 |
| MMM 3M Co. | Sold out | 0.00% | −0.45 |
| MTN Vail Resorts Inc. | Reduce -81.3% | 0.13% | −0.45 |
| APLD Applied Digital Corp. | Sold out | 0.00% | −0.43 |
| BJ Bj's Wholesale Club Holdings | Sold out | 0.00% | −0.42 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.42 |
| YETI Yeti Holdings Inc. | Sold out | 0.00% | −0.40 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.40 |
| WMT Walmart Inc. | Reduce -48.6% | 0.92% | −0.39 |
| MKSI MKS Inc. | Sold out | 0.00% | −0.38 |
| DIS The Walt Disney Co. | Reduce -68.8% | 0.24% | −0.37 |
| SMTC Semtech Corp. | Sold out | 0.00% | −0.36 |
| NFE New Fortress Energy Inc. | Sold out | 0.00% | −0.36 |
| M Macy's Inc. | Sold out | 0.00% | −0.35 |
| OMF Onemain Holdings Inc. | Sold out | 0.00% | −0.35 |
| ESI Element Solutions Inc. | Reduce -55.8% | 0.43% | −0.34 |
| SN Sharkninja Inc. | Reduce -35.9% | 1.16% | −0.34 |
| CART Maplebear Inc. | Reduce -60.0% | 0.39% | −0.33 |
| MTH Meritage Homes Corp. | Reduce -62.3% | 0.31% | −0.33 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.32 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.31 |
| DAL Delta Air Lines Inc. | Reduce -60.0% | 0.21% | −0.31 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.30 |
Portfolio Buys Q4 2024 → Q1 2025
| JPM JPMorgan Chase & Co. | New | 2.97% | +2.97 |
| AZO AutoZone Inc. | Add +645.7% | 2.76% | +2.54 |
| EME Emcor Group Inc. | New | 2.31% | +2.31 |
| TMO Thermo Fisher Scientific Inc. | New | 2.19% | +2.19 |
| QCOM Qualcomm Inc. | New | 1.96% | +1.96 |
| RCL Royal Caribbean Cruises Ltd. | Add +53.9% | 3.98% | +1.92 |
| DOV Dover Corp. | New | 1.82% | +1.82 |
| BKNG Booking Holdings Inc. | New | 1.79% | +1.79 |
| NFLX Netflix Inc. | Add +33.3% | 3.62% | +1.77 |
| GTES Gates Industrial Corp. UK Ltd. | New | 1.64% | +1.64 |
| BURL Burlington Stores Inc. | Add +118.0% | 2.52% | +1.54 |
| ORLY O'reilly Automotive Inc. | Add +66.6% | 2.31% | +1.50 |
| ULTA Ulta Beauty Inc. | Add +168.9% | 2.10% | +1.44 |
| LFUS Littelfuse Inc. | New | 1.35% | +1.35 |
| ETN Eaton Corp. PLC | New | 1.26% | +1.26 |
| CCL Carnival Corp. | Add +135.3% | 1.89% | +1.16 |
| ABNB Airbnb Inc. Class A | New | 1.16% | +1.16 |
| DKNG Draftkings Inc. Class A | Add +29.8% | 2.98% | +1.15 |
| OLLI Ollie's Bargain Outlet Holdi | Add +38.4% | 2.21% | +1.14 |
| LYV Live Nation Entertainment Inc. | New | 1.14% | +1.14 |
| LTH Life Time Group Holdings Inc. | Add +0.0% | 2.20% | +1.06 |
| BBWI Bath & Body Works Inc. | Add +67.0% | 1.96% | +0.90 |
| DASH DoorDash Inc. Class A | Add +60.0% | 1.42% | +0.84 |
| HUBB Hubbell Inc. | New | 0.80% | +0.80 |
| KNX Knight-Swift Transportation | New | 0.74% | +0.74 |
| RL Ralph Lauren Corp. | Add +10.3% | 1.92% | +0.63 |
| PRIM Primoris Services Corp. | New | 0.62% | +0.62 |
| NCLH Norwegian Cruise Line Holdin | Add +189.0% | 0.92% | +0.61 |
| VISN Vistance Networks Inc. | New | 0.61% | +0.61 |
| SAIA Saia Inc. | New | 0.51% | +0.51 |
| ITRI Itron Inc. | New | 0.47% | +0.47 |
| BOOT Boot Barn Holdings Inc. | Add +33.8% | 1.54% | +0.38 |
| CAR Avis Budget Group Inc. | New | 0.37% | +0.37 |
| DLTR Dollar Tree Inc. | New | 0.36% | +0.36 |
| RRR Red Rock Resorts Inc. Class A | Add +300.0% | 0.42% | +0.34 |
| BYD Boyd Gaming Corp. | New | 0.32% | +0.32 |
| PTON Peloton Interactive Inc. Class A | New | 0.31% | +0.31 |
| WCC Wesco International Inc. | New | 0.30% | +0.30 |
| KBH KB Home | New | 0.28% | +0.28 |
| TTD Trade Desk Inc./the Class A | Add +400.0% | 0.40% | +0.28 |
| PINS Pinterest Inc. Class A | Add +150.0% | 0.38% | +0.28 |
| CUBI Customers Bancorp Inc. | Add +20.8% | 0.63% | +0.27 |
| ASO Academy Sports & Outdoors Inc. | Add +23.0% | 0.88% | +0.24 |
| ROKU Roku Inc. | Add +8.3% | 0.44% | +0.14 |
| UAL United Airlines Holdings Inc. | New | 0.13% | +0.13 |
| HZO Marinemax Inc. | Add +0.2% | 0.59% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 89 | $1.1B | HD, NXPI, TPR, DOV, DY |
| Q1 2026 | 79 | $702.6M | TPR, ROST, ZBRA, RL, VIK |
| Q4 2025 | 85 | $1.0B | TPR, SN, ULTA, RL, ROST |
| Q3 2025 | 104 | $1.6B | CFG, ULTA, TPR, RL, NFLX |
| Q2 2025 | 104 | $1.5B | ULTA, TPR, DOV, NVDA, VRT |
| Q1 2025 | 87 | $1.0B | TPR, RCL, NFLX, DKS, GPI |
| Q4 2024 | 119 | $1.5B | FTAI, TPR, GS, AJG, TOL |
| Q3 2024 | 99 | $1.2B | RCL, TPR, VRT, HLT, SN |
| Q2 2024 | 118 | $1.4B | AVGO, CPA, DD, TPR, SN |
| Q1 2024 | 123 | $1.5B | HLT, TPR, SN, CPA, PVH |