Tremblant Capital Group
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Tremblant Capital Group reported 44 stock positions worth $815.9 million. Its top holding was Tko (TKO) at 5.8% of the portfolio, followed by Spotify Technology (SPOT, 5.7%) and Grab Class A (GRAB, 5.4%). Compared with Q4 2024, it opened 4 new positions, sold out of 4, added to 18 and reduced 22. The biggest buy was a new position in Warner Bros Discovery (WBD) and the biggest sale Alphabet Class A (GOOGL, shares −91%).
- Most Recent 13F
- Q2 2026
- Location
- WEST PALM BEACH, FL
- CIK
- 0001353312
- Portfolio Value
- $815.9M (Q1 2025)
- SEC Filing
- 0001214659-25-007796 ↗ filed May 15, 2025
Holdings Value
Holdings 44 stocks · $815.9M
| TKO Tko Group Holdings Inc. | 5.79% | 308,921 | $47.2M | Reduce -23.5% |
| SPOT Spotify Technology SA | 5.72% | 84,905 | $46.7M | Reduce -31.7% |
| GRAB Grab Holdings Ltd. Class A | 5.44% | 9,794,591 | $44.4M | Reduce -29.7% |
| DASH DoorDash Inc. Class A | 5.09% | 227,245 | $41.5M | Reduce -2.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 4.93% | 407,120 | $40.2M | Add +52.5% |
| CHTR Charter Communications Inc. Class A | 4.42% | 97,962 | $36.1M | Add +14.2% |
| MELI MercadoLibre Inc. | 4.27% | 17,851 | $34.8M | Reduce -24.4% |
| AMZN Amazon.com Inc. | 3.86% | 165,457 | $31.5M | Reduce -19.4% |
| AVDX Avidxchange Holdings Inc. | 3.53% | 3,396,880 | $28.8M | Add +5.1% |
| ROKU Roku Inc. | 3.27% | 378,918 | $26.7M | Reduce -34.8% |
| CPNG Coupang Inc. | 3.26% | 1,212,357 | $26.6M | Add +12.6% |
| SKX Skechers USA Inc. Class A | 3.14% | 450,739 | $25.6M | Reduce -12.7% |
| VRNS Varonis Systems Inc. | 3.07% | 619,690 | $25.1M | Add +3.6% |
| UBER Uber Technologies Inc. | 2.79% | 312,188 | $22.7M | Reduce -43.0% |
| MNDY Monday.com Ltd. | 2.78% | 93,183 | $22.7M | Reduce -15.7% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 2.68% | 272,850 | $21.8M | Add +25.0% |
| DKNG Draftkings Inc. Class A | 2.59% | 635,836 | $21.1M | Reduce -26.8% |
| WAB Wabtec Corp. | 2.58% | 116,024 | $21.0M | Add +1.9% |
| WBD Warner Bros Discovery Inc. | 2.47% | 1,881,636 | $20.2M | New |
| VSXY Victoria's Secret & Co. | 2.45% | 1,077,551 | $20.0M | Add +95.9% |
| WING Wingstop Inc. | 2.44% | 88,352 | $19.9M | New |
| FIVN FIVE9 Inc. | 2.35% | 705,063 | $19.1M | Add +7.8% |
| PANW Palo Alto Networks Inc. | 2.22% | 106,131 | $18.1M | Reduce -12.7% |
| TCOM Trip.com Group Ltd.-ADR | 2.15% | 275,849 | $17.5M | Reduce -7.3% |
| YUMC Yum China Holdings Inc. | 1.86% | 290,984 | $15.1M | Reduce -7.8% |
| KDP Keurig Dr Pepper Inc. | 1.65% | 393,776 | $13.5M | Reduce -46.9% |
| BBWI Bath & Body Works Inc. | 1.55% | 417,552 | $12.7M | Add +134.9% |
| PAR Par Technology Corp. | 1.43% | 189,734 | $11.6M | New |
| NCNO Ncino Inc. | 1.38% | 410,929 | $11.3M | Add +7.0% |
| WH Wyndham Hotels & Resorts Inc. | 1.33% | 119,470 | $10.8M | Reduce -57.7% |
| GAP The Gap Inc. | 1.03% | 408,478 | $8.4M | Reduce -54.7% |
| CSGP Costar Group Inc. | 0.94% | 96,629 | $7.7M | Reduce -44.4% |
| CFLT Confluent Inc. Class A | 0.90% | 312,848 | $7.3M | New |
| LGF.B Lions Gate Entertainment-B | 0.80% | 820,978 | $6.5M | Reduce -3.5% |
| LIONS GATE ENTMNT CORP | 0.56% | 514,292 | $4.6M | Reduce -2.8% |
| MTCH Match Group Inc. | 0.52% | 135,073 | $4.2M | Add +4.5% |
| PG The Procter & Gamble Co. | 0.49% | 23,454 | $4.0M | Add +8.8% |
| PGR Progressive Corp. | 0.45% | 13,062 | $3.7M | Add +4.5% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.43% | 52,695 | $3.5M | Add +4.5% |
| V Visa Inc. Class A | 0.36% | 8,485 | $3.0M | Add +4.5% |
| MA Mastercard Inc. Class A | 0.35% | 5,218 | $2.9M | Add +4.4% |
| EVR Evercore Inc. Class A | 0.34% | 13,839 | $2.8M | Add +4.5% |
| META Meta Platforms Inc. Class A | 0.18% | 2,574 | $1.5M | Reduce -53.3% |
| GOOGL Alphabet Inc. Class A | 0.18% | 9,468 | $1.5M | Reduce -90.7% |
Options reported separately and not counted above: SPY puts ($71.7M), AMZN calls ($2.5M).
Portfolio Sells Q4 2024 → Q1 2025
| GOOGL Alphabet Inc. Class A | Reduce -90.7% | 0.18% | −1.85 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -57.7% | 1.33% | −1.66 |
| ONON On Holding AG Class A | Sold out | 0.00% | −1.59 |
| GRAB Grab Holdings Ltd. Class A | Reduce -29.7% | 5.44% | −1.46 |
| ROKU Roku Inc. | Reduce -34.8% | 3.27% | −1.26 |
| GAP The Gap Inc. | Reduce -54.7% | 1.03% | −1.20 |
| AMZN Amazon.com Inc. | Reduce -19.4% | 3.86% | −0.87 |
| KDP Keurig Dr Pepper Inc. | Reduce -46.9% | 1.65% | −0.85 |
| DKNG Draftkings Inc. Class A | Reduce -26.8% | 2.59% | −0.80 |
| UBER Uber Technologies Inc. | Reduce -43.0% | 2.79% | −0.68 |
| SKX Skechers USA Inc. Class A | Reduce -12.7% | 3.14% | −0.50 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.41 |
| CSGP Costar Group Inc. | Reduce -44.4% | 0.94% | −0.37 |
| EMN Eastman Chemical Co. | Sold out | 0.00% | −0.31 |
| RY Royal Bank of Canada | Sold out | 0.00% | −0.27 |
| TKO Tko Group Holdings Inc. | Reduce -23.5% | 5.79% | −0.23 |
| META Meta Platforms Inc. Class A | Reduce -53.3% | 0.18% | −0.16 |
| SPOT Spotify Technology SA | Reduce -31.7% | 5.72% | −0.11 |
| PANW Palo Alto Networks Inc. | Reduce -12.7% | 2.22% | −0.10 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -7.3% | 2.15% | +0.01 |
| MNDY Monday.com Ltd. | Reduce -15.7% | 2.78% | +0.05 |
| MELI MercadoLibre Inc. | Reduce -24.4% | 4.27% | +0.05 |
| LIONS GATE ENTMNT CORP | Reduce -2.8% | 0.56% | +0.08 |
| LGF.B Lions Gate Entertainment-B | Reduce -3.5% | 0.80% | +0.12 |
| YUMC Yum China Holdings Inc. | Reduce -7.8% | 1.86% | +0.26 |
| DASH DoorDash Inc. Class A | Reduce -2.6% | 5.09% | +0.98 |
Portfolio Buys Q4 2024 → Q1 2025
| WBD Warner Bros Discovery Inc. | New | 2.47% | +2.47 |
| WING Wingstop Inc. | New | 2.44% | +2.44 |
| DIS The Walt Disney Co. | Add +52.5% | 4.93% | +1.81 |
| PAR Par Technology Corp. | New | 1.43% | +1.43 |
| CHTR Charter Communications Inc. Class A | Add +14.2% | 4.42% | +1.34 |
| CFLT Confluent Inc. Class A | New | 0.90% | +0.90 |
| BBWI Bath & Body Works Inc. | Add +134.9% | 1.55% | +0.83 |
| CPNG Coupang Inc. | Add +12.6% | 3.26% | +0.78 |
| QTWO Q2 Holdings Inc. | Add +25.0% | 2.68% | +0.37 |
| WAB Wabtec Corp. | Add +1.9% | 2.58% | +0.31 |
| VRNS Varonis Systems Inc. | Add +3.6% | 3.07% | +0.28 |
| PGR Progressive Corp. | Add +4.5% | 0.45% | +0.14 |
| PG The Procter & Gamble Co. | Add +8.8% | 0.49% | +0.11 |
| V Visa Inc. Class A | Add +4.5% | 0.36% | +0.10 |
| MA Mastercard Inc. Class A | Add +4.4% | 0.35% | +0.07 |
| MTCH Match Group Inc. | Add +4.5% | 0.52% | +0.07 |
| VSXY Victoria's Secret & Co. | Add +95.9% | 2.45% | +0.06 |
| NCNO Ncino Inc. | Add +7.0% | 1.38% | +0.03 |
| EL Estee Lauder Companies Class A | Add +4.5% | 0.43% | +0.03 |
| AVDX Avidxchange Holdings Inc. | Add +5.1% | 3.53% | +0.03 |
| EVR Evercore Inc. Class A | Add +4.5% | 0.34% | −0.05 |
| FIVN FIVE9 Inc. | Add +7.8% | 2.35% | −0.44 |
Options Activity Q4 2024 → Q1 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 128,200 | $71.7M |
| AMZN Amazon.com Inc. | call | Reduce -77.3% | 12,900 | $2.5M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 58 | $3.5B | VRNS, SMTC, LYV, SPOT, MKSI |
| Q1 2026 | 57 | $3.1B | SPOT, TKO, LYV, LITE, DASH |
| Q4 2025 | 68 | $3.9B | SPOT, DASH, TKO, QTWO, WING |
| Q3 2025 | 39 | $969.0M | WBD, GRAB, DASH, SPOT, TKO |
| Q2 2025 | 43 | $1.0B | SPOT, DASH, TKO, DIS, GRAB |
| Q1 2025 | 44 | $815.9M | TKO, SPOT, GRAB, DASH, DIS |
| Q4 2024 | 44 | $953.1M | GRAB, TKO, SPOT, AMZN, ROKU |
| Q3 2024 | 39 | $885.3M | SPOT, TKO, GRAB, AMZN, MELI |
| Q2 2024 | 39 | $877.9M | SPOT, TKO, UBER, AMZN, GRAB |
| Q1 2024 | 38 | $889.7M | SPOT, UBER, TKO, AMZN, DIS |