Shellback Capital, LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Shellback Capital, LP reported 104 stock positions worth $1.5 billion. Its top holding was Ulta Beauty (ULTA) at 4.3% of the portfolio, followed by Tapestry (TPR, 4.2%) and Dover (DOV, 3.7%). Compared with Q1 2025, it opened 48 new positions, sold out of 31, added to 19 and reduced 28. The biggest buy was a new position in Nvidia (NVDA) and the biggest sale an exit from JPMorgan Chase (JPM).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001591744
- Portfolio Value
- $1.5B (Q2 2025)
- SEC Filing
- 0000902664-25-003678 ↗ filed Aug 14, 2025
Holdings Value
Holdings 104 stocks · $1.5B
| ULTA Ulta Beauty Inc. | 4.30% | 138,020 | $64.6M | Add +133.3% |
| TPR Tapestry Inc. | 4.18% | 715,000 | $62.8M | Reduce -8.8% |
| DOV Dover Corp. | 3.70% | 303,023 | $55.5M | Add +183.1% |
| NVDA Nvidia Corp. | 3.16% | 300,000 | $47.4M | New |
| VRT Vertiv Holdings Co. Class A | 2.70% | 315,630 | $40.5M | New |
| COF Capital One Financial Corp. | 2.50% | 176,564 | $37.6M | New |
| RCL Royal Caribbean Cruises Ltd. | 2.40% | 115,000 | $36.0M | Reduce -42.5% |
| AMZN Amazon.com Inc. | 2.34% | 160,000 | $35.1M | Add +128.6% |
| LYV Live Nation Entertainment Inc. | 2.22% | 220,000 | $33.3M | Add +144.4% |
| OLLI Ollie's Bargain Outlet Holdi | 2.10% | 239,894 | $31.6M | Add +22.5% |
| DELL Dell Technologies -C | 2.03% | 249,000 | $30.5M | New |
| AS Amer Sports Inc. | 2.03% | 787,000 | $30.5M | Reduce -9.5% |
| META Meta Platforms Inc. Class A | 1.97% | 40,000 | $29.5M | No change |
| LPLA LPL Financial Holdings Inc. | 1.91% | 76,501 | $28.7M | New |
| DKS Dick's Sporting Goods Inc. | 1.88% | 143,000 | $28.3M | Reduce -20.1% |
| SPOT Spotify Technology SA | 1.79% | 35,000 | $26.9M | No change |
| NFLX Netflix Inc. | 1.78% | 20,000 | $26.8M | Reduce -50.0% |
| STM Stmicroelectronics NV-NY SHS | 1.76% | 870,000 | $26.5M | New |
| GPI Group 1 Automotive Inc. | 1.74% | 60,000 | $26.2M | Reduce -28.7% |
| MLM Martin Marietta Materials | 1.74% | 47,525 | $26.1M | New |
| W Wayfair Inc. Class A | 1.62% | 475,000 | $24.3M | New |
| RL Ralph Lauren Corp. | 1.59% | 86,868 | $23.8M | Reduce -3.3% |
| DKNG Draftkings Inc. Class A | 1.57% | 550,000 | $23.6M | Reduce -40.5% |
| LITE Lumentum Holdings Inc. | 1.54% | 243,469 | $23.1M | Add +98.3% |
| CCL Carnival Corp. | 1.50% | 800,000 | $22.5M | Reduce -20.0% |
| HD Home Depot Inc. | 1.49% | 61,000 | $22.4M | New |
| ABNB Airbnb Inc. Class A | 1.41% | 160,000 | $21.2M | Add +60.0% |
| AZO AutoZone Inc. | 1.41% | 5,700 | $21.2M | Reduce -23.6% |
| ROST Ross Stores Inc. | 1.32% | 156,000 | $19.9M | New |
| CSCO Cisco Systems Inc. | 1.27% | 275,000 | $19.1M | New |
| TKR Timken Co. | 1.27% | 262,200 | $19.0M | New |
| MKSI MKS Inc. | 1.18% | 178,610 | $17.7M | New |
| CHDN Churchill Downs Inc. | 1.18% | 175,000 | $17.7M | Add +133.6% |
| CSL Carlisle Cos Inc. | 1.18% | 47,286 | $17.7M | New |
| BKNG Booking Holdings Inc. | 1.16% | 3,000 | $17.4M | Reduce -25.0% |
| UBER Uber Technologies Inc. | 1.12% | 180,000 | $16.8M | New |
| DAVE Dave Inc. | 0.99% | 55,345 | $14.9M | New |
| UAL United Airlines Holdings Inc. | 0.98% | 185,305 | $14.8M | Add +826.5% |
| RACE Ferrari NV | 0.98% | 30,000 | $14.7M | New |
| SN Sharkninja Inc. | 0.96% | 145,000 | $14.4M | Add +0.8% |
| BOOT Boot Barn Holdings Inc. | 0.95% | 94,000 | $14.3M | Reduce -36.3% |
| ORLY O'reilly Automotive Inc. | 0.94% | 156,000 | $14.1M | Reduce -37.6% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.93% | 195,000 | $14.0M | Add +160.0% |
| URBN Urban Outfitters Inc. | 0.89% | 185,000 | $13.4M | Add +203.3% |
| ON On Semiconductor | 0.87% | 250,000 | $13.1M | New |
| DHI D.R. Horton Inc. | 0.86% | 100,000 | $12.9M | New |
| FFIV F5 Inc. | 0.85% | 43,423 | $12.8M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.83% | 100,000 | $12.4M | Add +300.0% |
| BURL Burlington Stores Inc. | 0.77% | 50,000 | $11.6M | Reduce -54.1% |
| UNP Union Pacific Corp. | 0.77% | 50,000 | $11.5M | New |
| OSK Oshkosh Corp. | 0.74% | 98,332 | $11.2M | New |
| FIVE Five Below | 0.68% | 78,000 | $10.2M | New |
| WING Wingstop Inc. | 0.67% | 30,000 | $10.1M | New |
| PINS Pinterest Inc. Class A | 0.66% | 275,000 | $9.9M | Add +120.0% |
| DASH DoorDash Inc. Class A | 0.66% | 40,000 | $9.9M | Reduce -50.0% |
| LFUS Littelfuse Inc. | 0.62% | 40,759 | $9.2M | Reduce -42.3% |
| TSEM Tower Semiconductor Ltd. | 0.60% | 209,145 | $9.1M | Reduce -16.3% |
| APLD Applied Digital Corp. | 0.60% | 900,000 | $9.1M | New |
| CART Maplebear Inc. | 0.60% | 200,000 | $9.0M | Add +100.0% |
| CE Celanese Corp. | 0.59% | 159,816 | $8.8M | New |
| DXCM Dexcom Inc. | 0.58% | 100,000 | $8.7M | New |
| FDX FedEx Corp. | 0.53% | 35,000 | $8.0M | New |
| SIG Signet Jewelers Ltd. | 0.49% | 92,500 | $7.4M | New |
| DLTR Dollar Tree Inc. | 0.48% | 73,000 | $7.2M | Add +46.0% |
| HZO Marinemax Inc. | 0.47% | 283,387 | $7.1M | No change |
| LYFT LYFT Inc. Class A | 0.47% | 450,000 | $7.1M | New |
| ALK Alaska Air Group Inc. | 0.46% | 138,609 | $6.9M | New |
| DECK Deckers Outdoor Corp. | 0.45% | 65,000 | $6.7M | Reduce -44.3% |
| PTON Peloton Interactive Inc. Class A | 0.44% | 950,000 | $6.6M | Add +90.0% |
| LTH Life Time Group Holdings Inc. | 0.41% | 204,200 | $6.2M | Reduce -72.8% |
| TOL Toll Brothers Inc. | 0.38% | 50,000 | $5.7M | No change |
| CPA Copa Holdings SA Class A | 0.37% | 50,036 | $5.5M | Reduce -28.6% |
| TER Teradyne Inc. | 0.36% | 60,000 | $5.4M | New |
| HLT Hilton Worldwide Holdings Inc. | 0.35% | 20,000 | $5.3M | Reduce -71.4% |
| LUV Southwest Airlines Co. | 0.32% | 150,000 | $4.9M | New |
| EAT Brinker International Inc. | 0.30% | 25,000 | $4.5M | New |
| GOOGL Alphabet Inc. Class A | 0.29% | 25,000 | $4.4M | New |
| AMBP Ardagh Metal Packaging SA | 0.27% | 951,359 | $4.1M | New |
| DAL Delta Air Lines Inc. | 0.25% | 75,000 | $3.7M | Add +50.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.24% | 29,419 | $3.6M | Reduce -25.4% |
| NCLH Norwegian Cruise Line Holdin | 0.24% | 175,000 | $3.5M | Reduce -65.0% |
| ASO Academy Sports & Outdoors Inc. | 0.23% | 77,300 | $3.5M | Reduce -61.3% |
| MTH Meritage Homes Corp. | 0.22% | 48,304 | $3.2M | Add +6.2% |
| AMBA Ambarella Inc. | 0.19% | 43,745 | $2.9M | New |
| CZR Caesars Entertainment Inc. | 0.19% | 100,000 | $2.8M | No change |
| PHM Pultegroup Inc. | 0.18% | 25,000 | $2.6M | New |
| BIRK Birkenstock Holding PLC | 0.16% | 50,000 | $2.5M | Reduce -50.0% |
| PAG Penske Automotive Group Inc. | 0.16% | 14,021 | $2.4M | No change |
| LULU Lululemon Athletica Inc. | 0.16% | 10,000 | $2.4M | New |
| WYNN WYNN Resorts Ltd. | 0.16% | 25,000 | $2.3M | No change |
| BABA Alibaba Group Holding-SP ADR | 0.15% | 20,000 | $2.3M | New |
| NKE Nike Inc. Class B | 0.14% | 30,000 | $2.1M | New |
| BBY Best Buy Co. Inc. | 0.13% | 28,000 | $1.9M | New |
| SRAD Sportradar Group AG-A | 0.11% | 60,150 | $1.7M | Reduce -57.6% |
| CP Canadian Pacific Kansas City | 0.11% | 20,000 | $1.6M | New |
| SMTC Semtech Corp. | 0.10% | 34,509 | $1.6M | New |
| ARLO Arlo Technologies Inc. | 0.10% | 90,322 | $1.5M | New |
| ONDS Ondas Inc. filed as ONDAS HLDGS INC | 0.10% | 765,529 | $1.5M | New |
| MBUU Malibu Boats Inc. Class A | 0.07% | 31,450 | $986K | No change |
| AEO American Eagle Outfitters | 0.06% | 100,000 | $962K | New |
| ONEW Onewater Marine Inc. Class A | 0.06% | 70,659 | $946K | No change |
| WMT Walmart Inc. | 0.03% | 5,000 | $489K | Reduce -95.4% |
| ODD Oddity Tech Ltd. Class A | 0.03% | 5,000 | $377K | New |
| BBWI Bath & Body Works Inc. | 0.02% | 10,000 | $300K | Reduce -98.5% |
Portfolio Sells Q1 2025 → Q2 2025
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −2.97 |
| EME Emcor Group Inc. | Sold out | 0.00% | −2.31 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −2.19 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −1.96 |
| BBWI Bath & Body Works Inc. | Reduce -98.5% | 0.02% | −1.94 |
| NFLX Netflix Inc. | Reduce -50.0% | 1.78% | −1.83 |
| LTH Life Time Group Holdings Inc. | Reduce -72.8% | 0.41% | −1.79 |
| BURL Burlington Stores Inc. | Reduce -54.1% | 0.77% | −1.74 |
| GTES Gates Industrial Corp. UK Ltd. | Sold out | 0.00% | −1.64 |
| DKS Dick's Sporting Goods Inc. | Reduce -20.1% | 1.88% | −1.62 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -42.5% | 2.40% | −1.59 |
| DKNG Draftkings Inc. Class A | Reduce -40.5% | 1.57% | −1.41 |
| ORLY O'reilly Automotive Inc. | Reduce -37.6% | 0.94% | −1.38 |
| GPI Group 1 Automotive Inc. | Reduce -28.7% | 1.74% | −1.37 |
| AZO AutoZone Inc. | Reduce -23.6% | 1.41% | −1.35 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −1.26 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −1.21 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -71.4% | 0.35% | −1.19 |
| TPR Tapestry Inc. | Reduce -8.8% | 4.18% | −1.17 |
| VIK Viking Holdings Ltd. | Sold out | 0.00% | −1.00 |
| WMT Walmart Inc. | Reduce -95.4% | 0.03% | −0.89 |
| DECK Deckers Outdoor Corp. | Reduce -44.3% | 0.45% | −0.82 |
| HUBB Hubbell Inc. | Sold out | 0.00% | −0.80 |
| DASH DoorDash Inc. Class A | Reduce -50.0% | 0.66% | −0.76 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −0.75 |
| KNX Knight-Swift Transportation | Sold out | 0.00% | −0.74 |
| LFUS Littelfuse Inc. | Reduce -42.3% | 0.62% | −0.73 |
| NCLH Norwegian Cruise Line Holdin | Reduce -65.0% | 0.24% | −0.68 |
| ASO Academy Sports & Outdoors Inc. | Reduce -61.3% | 0.23% | −0.65 |
| CUBI Customers Bancorp Inc. | Sold out | 0.00% | −0.63 |
| BKNG Booking Holdings Inc. | Reduce -25.0% | 1.16% | −0.63 |
| PRIM Primoris Services Corp. | Sold out | 0.00% | −0.62 |
| VISN Vistance Networks Inc. | Sold out | 0.00% | −0.61 |
| BOOT Boot Barn Holdings Inc. | Reduce -36.3% | 0.95% | −0.59 |
| AES AES Corp. | Sold out | 0.00% | −0.54 |
| SAIA Saia Inc. | Sold out | 0.00% | −0.51 |
| ITRI Itron Inc. | Sold out | 0.00% | −0.47 |
| ROKU Roku Inc. | Sold out | 0.00% | −0.44 |
| ESI Element Solutions Inc. | Sold out | 0.00% | −0.43 |
| RRR Red Rock Resorts Inc. Class A | Sold out | 0.00% | −0.42 |
| AXTA Axalta Coating Systems Ltd. | Sold out | 0.00% | −0.41 |
| CCL Carnival Corp. | Reduce -20.0% | 1.50% | −0.40 |
| CAR Avis Budget Group Inc. | Sold out | 0.00% | −0.37 |
| RL Ralph Lauren Corp. | Reduce -3.3% | 1.59% | −0.34 |
| BYD Boyd Gaming Corp. | Sold out | 0.00% | −0.32 |
| WCC Wesco International Inc. | Sold out | 0.00% | −0.30 |
| KBH KB Home | Sold out | 0.00% | −0.28 |
| BIRK Birkenstock Holding PLC | Reduce -50.0% | 0.16% | −0.28 |
| CPA Copa Holdings SA Class A | Reduce -28.6% | 0.37% | −0.26 |
| TSEM Tower Semiconductor Ltd. | Reduce -16.3% | 0.60% | −0.26 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | New | 3.16% | +3.16 |
| VRT Vertiv Holdings Co. Class A | New | 2.70% | +2.70 |
| COF Capital One Financial Corp. | New | 2.50% | +2.50 |
| ULTA Ulta Beauty Inc. | Add +133.3% | 4.30% | +2.20 |
| DELL Dell Technologies -C | New | 2.03% | +2.03 |
| LPLA LPL Financial Holdings Inc. | New | 1.91% | +1.91 |
| DOV Dover Corp. | Add +183.1% | 3.70% | +1.87 |
| STM Stmicroelectronics NV-NY SHS | New | 1.76% | +1.76 |
| MLM Martin Marietta Materials | New | 1.74% | +1.74 |
| W Wayfair Inc. Class A | New | 1.62% | +1.62 |
| HD Home Depot Inc. | New | 1.49% | +1.49 |
| ROST Ross Stores Inc. | New | 1.32% | +1.32 |
| CSCO Cisco Systems Inc. | New | 1.27% | +1.27 |
| TKR Timken Co. | New | 1.27% | +1.27 |
| MKSI MKS Inc. | New | 1.18% | +1.18 |
| CSL Carlisle Cos Inc. | New | 1.18% | +1.18 |
| UBER Uber Technologies Inc. | New | 1.12% | +1.12 |
| LYV Live Nation Entertainment Inc. | Add +144.4% | 2.22% | +1.08 |
| AMZN Amazon.com Inc. | Add +128.6% | 2.34% | +1.05 |
| DAVE Dave Inc. | New | 0.99% | +0.99 |
| RACE Ferrari NV | New | 0.98% | +0.98 |
| ON On Semiconductor | New | 0.87% | +0.87 |
| DHI D.R. Horton Inc. | New | 0.86% | +0.86 |
| FFIV F5 Inc. | New | 0.85% | +0.85 |
| UAL United Airlines Holdings Inc. | Add +826.5% | 0.98% | +0.85 |
| LITE Lumentum Holdings Inc. | Add +98.3% | 1.54% | +0.80 |
| UNP Union Pacific Corp. | New | 0.77% | +0.77 |
| OSK Oshkosh Corp. | New | 0.74% | +0.74 |
| FIVE Five Below | New | 0.68% | +0.68 |
| WING Wingstop Inc. | New | 0.67% | +0.67 |
| APLD Applied Digital Corp. | New | 0.60% | +0.60 |
| CE Celanese Corp. | New | 0.59% | +0.59 |
| DIS The Walt Disney Co. | Add +300.0% | 0.83% | +0.59 |
| URBN Urban Outfitters Inc. | Add +203.3% | 0.89% | +0.58 |
| DXCM Dexcom Inc. | New | 0.58% | +0.58 |
| TTD Trade Desk Inc./the Class A | Add +160.0% | 0.93% | +0.54 |
| FDX FedEx Corp. | New | 0.53% | +0.53 |
| SIG Signet Jewelers Ltd. | New | 0.49% | +0.49 |
| LYFT LYFT Inc. Class A | New | 0.47% | +0.47 |
| ALK Alaska Air Group Inc. | New | 0.46% | +0.46 |
| CHDN Churchill Downs Inc. | Add +133.6% | 1.18% | +0.37 |
| TER Teradyne Inc. | New | 0.36% | +0.36 |
| LUV Southwest Airlines Co. | New | 0.32% | +0.32 |
| EAT Brinker International Inc. | New | 0.30% | +0.30 |
| GOOGL Alphabet Inc. Class A | New | 0.29% | +0.29 |
| PINS Pinterest Inc. Class A | Add +120.0% | 0.66% | +0.28 |
| AMBP Ardagh Metal Packaging SA | New | 0.27% | +0.27 |
| ABNB Airbnb Inc. Class A | Add +60.0% | 1.41% | +0.25 |
| CART Maplebear Inc. | Add +100.0% | 0.60% | +0.22 |
| AMBA Ambarella Inc. | New | 0.19% | +0.19 |
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 |