Shellback Capital, LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Shellback Capital, LP reported 104 stock positions worth $1.6 billion. Its top holding was Citizens Financial (CFG) at 4.4% of the portfolio, followed by Ulta Beauty (ULTA, 4.4%) and Tapestry (TPR, 3.4%). Compared with Q2 2025, it opened 39 new positions, sold out of 39, added to 36 and reduced 25. The biggest buy was a new position in Citizens Financial (CFG) and the biggest sale Dover (DOV, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001591744
- Portfolio Value
- $1.6B (Q3 2025)
- SEC Filing
- 0000902664-25-005047 ↗ filed Nov 14, 2025
Holdings Value
Holdings 104 stocks · $1.6B
| CFG Citizens Financial Group | 4.42% | 1,310,640 | $69.7M | New |
| ULTA Ulta Beauty Inc. | 4.39% | 126,822 | $69.3M | Reduce -8.1% |
| TPR Tapestry Inc. | 3.42% | 477,000 | $54.0M | Reduce -33.3% |
| RL Ralph Lauren Corp. | 2.92% | 147,000 | $46.1M | Add +69.2% |
| NFLX Netflix Inc. | 2.81% | 37,000 | $44.4M | Add +85.0% |
| SPOT Spotify Technology SA | 2.44% | 55,237 | $38.6M | Add +57.8% |
| META Meta Platforms Inc. Class A | 2.33% | 50,000 | $36.7M | Add +25.0% |
| W Wayfair Inc. Class A | 2.28% | 403,000 | $36.0M | Reduce -15.2% |
| DKS Dick's Sporting Goods Inc. | 2.19% | 155,208 | $34.5M | Add +8.5% |
| CCL Carnival Corp. | 2.11% | 1,152,855 | $33.3M | Add +44.1% |
| A Agilent Technologies Inc. | 2.08% | 256,218 | $32.9M | New |
| DASH DoorDash Inc. Class A | 2.07% | 120,000 | $32.6M | Add +200.0% |
| ROST Ross Stores Inc. | 2.06% | 213,700 | $32.6M | Add +37.0% |
| GS Goldman Sachs Group Inc. | 2.02% | 40,000 | $31.9M | New |
| ORCL Oracle Corp. | 2.01% | 112,614 | $31.7M | New |
| DHI D.R. Horton Inc. | 1.77% | 165,000 | $28.0M | Add +65.0% |
| OLLI Ollie's Bargain Outlet Holdi | 1.74% | 213,588 | $27.4M | Reduce -11.0% |
| CRWV Coreweave Inc. Class A | 1.73% | 200,000 | $27.4M | New |
| LFUS Littelfuse Inc. | 1.71% | 103,983 | $26.9M | Add +155.1% |
| RCL Royal Caribbean Cruises Ltd. | 1.64% | 80,000 | $25.9M | Reduce -30.4% |
| DKNG Draftkings Inc. Class A | 1.54% | 650,000 | $24.3M | Add +18.2% |
| BKNG Booking Holdings Inc. | 1.54% | 4,500 | $24.3M | Add +50.0% |
| CHDN Churchill Downs Inc. | 1.54% | 250,000 | $24.3M | Add +42.9% |
| AS Amer Sports Inc. | 1.51% | 683,689 | $23.8M | Reduce -13.1% |
| BOOT Boot Barn Holdings Inc. | 1.48% | 141,000 | $23.4M | Add +50.0% |
| SN Sharkninja Inc. | 1.43% | 218,738 | $22.6M | Add +50.9% |
| AZO AutoZone Inc. | 1.41% | 5,200 | $22.3M | Reduce -8.8% |
| JCI Johnson Controls Internation | 1.39% | 200,000 | $22.0M | New |
| ORLY O'reilly Automotive Inc. | 1.34% | 196,000 | $21.1M | Add +25.6% |
| PAY Paymentus Holdings Inc. Class A | 1.33% | 685,367 | $21.0M | New |
| FIVE Five Below | 1.31% | 133,500 | $20.7M | Add +71.2% |
| TKR Timken Co. | 1.30% | 272,942 | $20.5M | Add +4.1% |
| GPI Group 1 Automotive Inc. | 1.30% | 46,900 | $20.5M | Reduce -21.8% |
| BURL Burlington Stores Inc. | 1.27% | 79,000 | $20.1M | Add +58.0% |
| PINS Pinterest Inc. Class A | 1.20% | 590,315 | $19.0M | Add +114.7% |
| HD Home Depot Inc. | 1.18% | 46,000 | $18.6M | Reduce -24.6% |
| BBY Best Buy Co. Inc. | 1.15% | 239,000 | $18.1M | Add +753.6% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 1.14% | 205,000 | $18.1M | New |
| MOD Modine Manufacturing Co. | 1.12% | 124,239 | $17.7M | New |
| CUBI Customers Bancorp Inc. | 1.10% | 264,617 | $17.3M | New |
| CPRI Capri Holdings Ltd. | 1.03% | 818,000 | $16.3M | New |
| WYNN WYNN Resorts Ltd. | 0.98% | 120,000 | $15.4M | Add +380.0% |
| CHRW C.H. Robinson Worldwide Inc. | 0.96% | 115,000 | $15.2M | New |
| ASO Academy Sports & Outdoors Inc. | 0.91% | 285,766 | $14.3M | Add +269.7% |
| EBAY eBay Inc. | 0.81% | 140,000 | $12.7M | New |
| VMC Vulcan Materials Co. | 0.78% | 40,000 | $12.3M | New |
| BCO The Brink's Co. | 0.78% | 104,775 | $12.2M | New |
| MU Micron Technology Inc. | 0.74% | 70,000 | $11.7M | New |
| CVNA Carvana Co. | 0.72% | 30,000 | $11.3M | New |
| CART Maplebear Inc. | 0.70% | 300,000 | $11.0M | Add +50.0% |
| ALK Alaska Air Group Inc. | 0.69% | 220,000 | $11.0M | Add +58.7% |
| PHM Pultegroup Inc. | 0.67% | 80,000 | $10.6M | Add +220.0% |
| LYV Live Nation Entertainment Inc. | 0.62% | 60,000 | $9.8M | Reduce -72.7% |
| BIRK Birkenstock Holding PLC | 0.59% | 207,000 | $9.4M | Add +314.0% |
| UAL United Airlines Holdings Inc. | 0.58% | 95,000 | $9.2M | Reduce -48.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.58% | 80,000 | $9.2M | Reduce -20.0% |
| GM General Motors Co. | 0.58% | 150,000 | $9.1M | New |
| PTON Peloton Interactive Inc. Class A | 0.57% | 1,000,000 | $9.0M | Add +5.3% |
| SIG Signet Jewelers Ltd. | 0.57% | 93,500 | $9.0M | Add +1.1% |
| LTH Life Time Group Holdings Inc. | 0.48% | 274,200 | $7.6M | Add +34.3% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.48% | 178,641 | $7.6M | New |
| SAIA Saia Inc. | 0.47% | 25,000 | $7.5M | New |
| UBER Uber Technologies Inc. | 0.47% | 75,000 | $7.3M | Reduce -58.3% |
| COF Capital One Financial Corp. | 0.46% | 34,114 | $7.3M | Reduce -80.7% |
| ABNB Airbnb Inc. Class A | 0.46% | 59,526 | $7.2M | Reduce -62.8% |
| TOL Toll Brothers Inc. | 0.44% | 50,000 | $6.9M | No change |
| RDDT Reddit Inc. Class A | 0.44% | 30,000 | $6.9M | New |
| HZO Marinemax Inc. | 0.42% | 263,387 | $6.7M | Reduce -7.1% |
| HIVE Hive Digital Technologies LT | 0.41% | 1,617,144 | $6.5M | New |
| CELH Celsius Holdings Inc. | 0.40% | 110,000 | $6.3M | New |
| UMAC Unusual Machines Inc. | 0.40% | 418,101 | $6.3M | New |
| CPA Copa Holdings SA Class A | 0.38% | 50,036 | $5.9M | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.37% | 40,000 | $5.8M | Add +36.0% |
| WMT Walmart Inc. | 0.36% | 55,000 | $5.7M | Add +1000.0% |
| BRCB Black Rock Coffee Bar Inc. Class A | 0.35% | 230,000 | $5.5M | New |
| XYZ Block Inc. | 0.34% | 75,000 | $5.4M | New |
| WWW Wolverine World Wide Inc. | 0.33% | 189,500 | $5.2M | New |
| EAT Brinker International Inc. | 0.29% | 36,700 | $4.6M | Add +46.8% |
| MTH Meritage Homes Corp. | 0.29% | 63,304 | $4.6M | Add +31.1% |
| LTM Latam Airlines Group SA-ADR | 0.29% | 100,000 | $4.5M | New |
| AMZN Amazon.com Inc. | 0.28% | 20,000 | $4.4M | Reduce -87.5% |
| CZR Caesars Entertainment Inc. | 0.26% | 150,000 | $4.1M | Add +50.0% |
| NCLH Norwegian Cruise Line Holdin | 0.23% | 150,000 | $3.7M | Reduce -14.3% |
| NKE Nike Inc. Class B | 0.22% | 50,000 | $3.5M | Add +66.7% |
| MGM MGM Resorts International | 0.22% | 100,000 | $3.5M | New |
| AMRC Ameresco Inc. Class A | 0.20% | 92,580 | $3.1M | New |
| DAL Delta Air Lines Inc. | 0.18% | 50,000 | $2.8M | Reduce -33.3% |
| SHAK Shake Shack Inc. Class A | 0.18% | 30,000 | $2.8M | New |
| LYFT LYFT Inc. Class A | 0.17% | 125,000 | $2.8M | Reduce -72.2% |
| ETSY Etsy Inc. | 0.17% | 40,000 | $2.7M | New |
| SYY Sysco Corp. | 0.16% | 30,000 | $2.5M | New |
| UPS United Parcel Service Class B | 0.13% | 25,000 | $2.1M | New |
| TSEM Tower Semiconductor Ltd. | 0.10% | 22,755 | $1.6M | Reduce -89.1% |
| KTB Kontoor Brands Inc. | 0.10% | 20,000 | $1.6M | New |
| CP Canadian Pacific Kansas City | 0.09% | 20,000 | $1.5M | No change |
| RHI Robert Half Inc. | 0.09% | 40,000 | $1.4M | New |
| ONEW Onewater Marine Inc. Class A | 0.07% | 70,659 | $1.1M | No change |
| STUB Stubhub Holdings Inc. Class A | 0.05% | 50,000 | $842K | New |
| SRAD Sportradar Group AG-A | 0.05% | 30,150 | $811K | Reduce -49.9% |
| LUV Southwest Airlines Co. | 0.05% | 25,000 | $798K | Reduce -83.3% |
Portfolio Sells Q2 2025 → Q3 2025
| DOV Dover Corp. | Reduce -99.3% | 0.02% | −3.67 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −3.16 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −2.70 |
| AMZN Amazon.com Inc. | Reduce -87.5% | 0.28% | −2.06 |
| COF Capital One Financial Corp. | Reduce -80.7% | 0.46% | −2.04 |
| DELL Dell Technologies -C | Sold out | 0.00% | −2.03 |
| LPLA LPL Financial Holdings Inc. | Sold out | 0.00% | −1.91 |
| STM Stmicroelectronics NV-NY SHS | Sold out | 0.00% | −1.76 |
| MLM Martin Marietta Materials | Sold out | 0.00% | −1.74 |
| LYV Live Nation Entertainment Inc. | Reduce -72.7% | 0.62% | −1.59 |
| LITE Lumentum Holdings Inc. | Sold out | 0.00% | −1.54 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −1.27 |
| MKSI MKS Inc. | Sold out | 0.00% | −1.18 |
| CSL Carlisle Cos Inc. | Sold out | 0.00% | −1.18 |
| DAVE Dave Inc. | Sold out | 0.00% | −0.99 |
| RACE Ferrari NV | Sold out | 0.00% | −0.98 |
| ABNB Airbnb Inc. Class A | Reduce -62.8% | 0.46% | −0.95 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.93 |
| URBN Urban Outfitters Inc. | Sold out | 0.00% | −0.89 |
| ON On Semiconductor | Sold out | 0.00% | −0.87 |
| FFIV F5 Inc. | Sold out | 0.00% | −0.85 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.77 |
| TPR Tapestry Inc. | Reduce -33.3% | 3.42% | −0.76 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -30.4% | 1.64% | −0.76 |
| OSK Oshkosh Corp. | Sold out | 0.00% | −0.74 |
| UBER Uber Technologies Inc. | Reduce -58.3% | 0.47% | −0.65 |
| WING Wingstop Inc. | Reduce -95.3% | 0.02% | −0.65 |
| APLD Applied Digital Corp. | Sold out | 0.00% | −0.60 |
| CE Celanese Corp. | Sold out | 0.00% | −0.59 |
| DXCM Dexcom Inc. | Sold out | 0.00% | −0.58 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.53 |
| AS Amer Sports Inc. | Reduce -13.1% | 1.51% | −0.52 |
| TSEM Tower Semiconductor Ltd. | Reduce -89.1% | 0.10% | −0.50 |
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −0.48 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −0.45 |
| GPI Group 1 Automotive Inc. | Reduce -21.8% | 1.30% | −0.44 |
| UAL United Airlines Holdings Inc. | Reduce -48.7% | 0.58% | −0.40 |
| OLLI Ollie's Bargain Outlet Holdi | Reduce -11.0% | 1.74% | −0.37 |
| TER Teradyne Inc. | Sold out | 0.00% | −0.36 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −0.35 |
| HD Home Depot Inc. | Reduce -24.6% | 1.18% | −0.31 |
| LYFT LYFT Inc. Class A | Reduce -72.2% | 0.17% | −0.30 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.29 |
| LUV Southwest Airlines Co. | Reduce -83.3% | 0.05% | −0.27 |
| AMBP Ardagh Metal Packaging SA | Sold out | 0.00% | −0.27 |
| DIS The Walt Disney Co. | Reduce -20.0% | 0.58% | −0.24 |
| AMBA Ambarella Inc. | Sold out | 0.00% | −0.19 |
| PAG Penske Automotive Group Inc. | Sold out | 0.00% | −0.16 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.16 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.15 |
Portfolio Buys Q2 2025 → Q3 2025
| CFG Citizens Financial Group | New | 4.42% | +4.42 |
| A Agilent Technologies Inc. | New | 2.08% | +2.08 |
| GS Goldman Sachs Group Inc. | New | 2.02% | +2.02 |
| ORCL Oracle Corp. | New | 2.01% | +2.01 |
| CRWV Coreweave Inc. Class A | New | 1.73% | +1.73 |
| DASH DoorDash Inc. Class A | Add +200.0% | 2.07% | +1.41 |
| JCI Johnson Controls Internation | New | 1.39% | +1.39 |
| RL Ralph Lauren Corp. | Add +69.2% | 2.92% | +1.34 |
| PAY Paymentus Holdings Inc. Class A | New | 1.33% | +1.33 |
| EL Estee Lauder Companies Class A | New | 1.14% | +1.14 |
| MOD Modine Manufacturing Co. | New | 1.12% | +1.12 |
| CUBI Customers Bancorp Inc. | New | 1.10% | +1.10 |
| LFUS Littelfuse Inc. | Add +155.1% | 1.71% | +1.09 |
| CPRI Capri Holdings Ltd. | New | 1.03% | +1.03 |
| NFLX Netflix Inc. | Add +85.0% | 2.81% | +1.03 |
| BBY Best Buy Co. Inc. | Add +753.6% | 1.15% | +1.02 |
| CHRW C.H. Robinson Worldwide Inc. | New | 0.96% | +0.96 |
| DHI D.R. Horton Inc. | Add +65.0% | 1.77% | +0.91 |
| WYNN WYNN Resorts Ltd. | Add +380.0% | 0.98% | +0.82 |
| EBAY eBay Inc. | New | 0.81% | +0.81 |
| VMC Vulcan Materials Co. | New | 0.78% | +0.78 |
| BCO The Brink's Co. | New | 0.78% | +0.78 |
| MU Micron Technology Inc. | New | 0.74% | +0.74 |
| ROST Ross Stores Inc. | Add +37.0% | 2.06% | +0.74 |
| CVNA Carvana Co. | New | 0.72% | +0.72 |
| ASO Academy Sports & Outdoors Inc. | Add +269.7% | 0.91% | +0.68 |
| SPOT Spotify Technology SA | Add +57.8% | 2.44% | +0.66 |
| FIVE Five Below | Add +71.2% | 1.31% | +0.63 |
| CCL Carnival Corp. | Add +44.1% | 2.11% | +0.61 |
| GM General Motors Co. | New | 0.58% | +0.58 |
| PINS Pinterest Inc. Class A | Add +114.7% | 1.20% | +0.55 |
| BOOT Boot Barn Holdings Inc. | Add +50.0% | 1.48% | +0.53 |
| BURL Burlington Stores Inc. | Add +58.0% | 1.27% | +0.50 |
| PHM Pultegroup Inc. | Add +220.0% | 0.67% | +0.49 |
| ONON On Holding AG Class A | New | 0.48% | +0.48 |
| SN Sharkninja Inc. | Add +50.9% | 1.43% | +0.47 |
| SAIA Saia Inc. | New | 0.47% | +0.47 |
| RDDT Reddit Inc. Class A | New | 0.44% | +0.44 |
| BIRK Birkenstock Holding PLC | Add +314.0% | 0.59% | +0.43 |
| HIVE Hive Digital Technologies LT | New | 0.41% | +0.41 |
| ORLY O'reilly Automotive Inc. | Add +25.6% | 1.34% | +0.40 |
| CELH Celsius Holdings Inc. | New | 0.40% | +0.40 |
| UMAC Unusual Machines Inc. | New | 0.40% | +0.40 |
| BKNG Booking Holdings Inc. | Add +50.0% | 1.54% | +0.38 |
| META Meta Platforms Inc. Class A | Add +25.0% | 2.33% | +0.36 |
| CHDN Churchill Downs Inc. | Add +42.9% | 1.54% | +0.36 |
| BRCB Black Rock Coffee Bar Inc. Class A | New | 0.35% | +0.35 |
| XYZ Block Inc. | New | 0.34% | +0.34 |
| WWW Wolverine World Wide Inc. | New | 0.33% | +0.33 |
| WMT Walmart Inc. | Add +1000.0% | 0.36% | +0.33 |
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 |