Tremblant Capital Group
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Tremblant Capital Group reported 43 stock positions worth $1.0 billion. Its top holding was Spotify Technology (SPOT) at 5.9% of the portfolio, followed by DoorDash Class A (DASH, 5.3%) and Tko (TKO, 4.9%). Compared with Q1 2025, it opened 6 new positions, sold out of 7, added to 21 and reduced 16. The biggest buy was a new position in Shopify Class A (SHOP) and the biggest sale an exit from Skechers USA Class A (SKX).
- Most Recent 13F
- Q2 2026
- Location
- WEST PALM BEACH, FL
- CIK
- 0001353312
- Portfolio Value
- $1.0B (Q2 2025)
- SEC Filing
- 0001214659-25-012118 ↗ filed Aug 14, 2025
Holdings Value
Holdings 43 stocks · $1.0B
| SPOT Spotify Technology SA | 5.86% | 79,053 | $60.7M | Reduce -6.9% |
| DASH DoorDash Inc. Class A | 5.30% | 222,684 | $54.9M | Reduce -2.0% |
| TKO Tko Group Holdings Inc. | 4.89% | 278,431 | $50.7M | Reduce -9.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 4.79% | 400,174 | $49.6M | Reduce -1.7% |
| GRAB Grab Holdings Ltd. Class A | 4.73% | 9,726,839 | $48.9M | Reduce -0.7% |
| ROKU Roku Inc. | 4.63% | 545,048 | $47.9M | Add +43.8% |
| WING Wingstop Inc. | 4.22% | 129,650 | $43.7M | Add +46.7% |
| CPNG Coupang Inc. | 4.11% | 1,418,565 | $42.5M | Add +17.0% |
| WBD Warner Bros Discovery Inc. | 3.74% | 3,380,044 | $38.7M | Add +79.6% |
| MELI MercadoLibre Inc. | 3.68% | 14,560 | $38.1M | Reduce -18.4% |
| SHOP Shopify Inc. Class A | 3.35% | 300,687 | $34.7M | New |
| MNDY Monday.com Ltd. | 3.35% | 110,226 | $34.7M | Add +18.3% |
| UBER Uber Technologies Inc. | 3.28% | 364,336 | $34.0M | Add +16.7% |
| VRNS Varonis Systems Inc. | 3.21% | 653,697 | $33.2M | Add +5.5% |
| AMZN Amazon.com Inc. | 3.17% | 149,525 | $32.8M | Reduce -9.6% |
| SBUX Starbucks Corp. | 3.16% | 357,473 | $32.8M | New |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 2.83% | 312,549 | $29.3M | Add +14.6% |
| CHTR Charter Communications Inc. Class A | 2.72% | 68,873 | $28.2M | Reduce -29.7% |
| LYV Live Nation Entertainment Inc. | 2.72% | 185,753 | $28.1M | New |
| AVDX Avidxchange Holdings Inc. | 2.59% | 2,740,459 | $26.8M | Reduce -19.3% |
| DKNG Draftkings Inc. Class A | 2.44% | 588,967 | $25.3M | Reduce -7.4% |
| BBWI Bath & Body Works Inc. | 2.27% | 783,988 | $23.5M | Add +87.8% |
| WAB Wabtec Corp. | 1.85% | 91,334 | $19.1M | Reduce -21.3% |
| FIVN FIVE9 Inc. | 1.67% | 651,707 | $17.3M | Reduce -7.6% |
| PAR Par Technology Corp. | 1.62% | 241,700 | $16.8M | Add +27.4% |
| GLBE Global-E Online Ltd. | 1.59% | 490,312 | $16.4M | New |
| CSGP Costar Group Inc. | 1.55% | 199,881 | $16.1M | Add +106.8% |
| CFLT Confluent Inc. Class A | 1.36% | 564,751 | $14.1M | Add +80.5% |
| VSXY Victoria's Secret & Co. | 1.34% | 747,596 | $13.8M | Reduce -30.6% |
| NCNO Ncino Inc. | 1.27% | 471,462 | $13.2M | Add +14.7% |
| WH Wyndham Hotels & Resorts Inc. | 1.14% | 145,851 | $11.8M | Add +22.1% |
| KDP Keurig Dr Pepper Inc. | 1.03% | 323,523 | $10.7M | Reduce -17.8% |
| LION Lionsgate Studios Corp. | 1.00% | 1,789,970 | $10.4M | New |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.52% | 66,002 | $5.3M | Add +25.3% |
| EVR Evercore Inc. Class A | 0.45% | 17,383 | $4.7M | Add +25.6% |
| MTCH Match Group Inc. | 0.43% | 143,543 | $4.4M | Add +6.3% |
| PGR Progressive Corp. | 0.35% | 13,421 | $3.6M | Add +2.8% |
| PANW Palo Alto Networks Inc. | 0.34% | 17,386 | $3.6M | Reduce -83.6% |
| PG The Procter & Gamble Co. | 0.33% | 21,407 | $3.4M | Reduce -8.7% |
| V Visa Inc. Class A | 0.30% | 8,718 | $3.1M | Add +2.8% |
| MA Mastercard Inc. Class A | 0.29% | 5,358 | $3.0M | Add +2.7% |
| DIN Dine Brands Global Inc. | 0.28% | 118,507 | $2.9M | New |
| META Meta Platforms Inc. Class A | 0.24% | 3,323 | $2.5M | Add +29.1% |
Options reported separately and not counted above: TSLA puts ($1.7M).
Portfolio Sells Q1 2025 → Q2 2025
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −3.14 |
| TCOM Trip.com Group Ltd.-ADR | Sold out | 0.00% | −2.15 |
| PANW Palo Alto Networks Inc. | Reduce -83.6% | 0.34% | −1.88 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −1.86 |
| CHTR Charter Communications Inc. Class A | Reduce -29.7% | 2.72% | −1.70 |
| VSXY Victoria's Secret & Co. | Reduce -30.6% | 1.34% | −1.12 |
| GAP The Gap Inc. | Sold out | 0.00% | −1.03 |
| AVDX Avidxchange Holdings Inc. | Reduce -19.3% | 2.59% | −0.94 |
| TKO Tko Group Holdings Inc. | Reduce -9.9% | 4.89% | −0.89 |
| LGF.B Lions Gate Entertainment-B | Sold out | 0.00% | −0.80 |
| WAB Wabtec Corp. | Reduce -21.3% | 1.85% | −0.73 |
| GRAB Grab Holdings Ltd. Class A | Reduce -0.7% | 4.73% | −0.71 |
| AMZN Amazon.com Inc. | Reduce -9.6% | 3.17% | −0.69 |
| FIVN FIVE9 Inc. | Reduce -7.6% | 1.67% | −0.68 |
| KDP Keurig Dr Pepper Inc. | Reduce -17.8% | 1.03% | −0.62 |
| MELI MercadoLibre Inc. | Reduce -18.4% | 3.68% | −0.59 |
| LIONS GATE ENTMNT CORP | Sold out | 0.00% | −0.56 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.18 |
| PG The Procter & Gamble Co. | Reduce -8.7% | 0.33% | −0.16 |
| DKNG Draftkings Inc. Class A | Reduce -7.4% | 2.44% | −0.15 |
| DIS The Walt Disney Co. | Reduce -1.7% | 4.79% | −0.13 |
| SPOT Spotify Technology SA | Reduce -6.9% | 5.86% | +0.14 |
| DASH DoorDash Inc. Class A | Reduce -2.0% | 5.30% | +0.21 |
Portfolio Buys Q1 2025 → Q2 2025
| SHOP Shopify Inc. Class A | New | 3.35% | +3.35 |
| SBUX Starbucks Corp. | New | 3.16% | +3.16 |
| LYV Live Nation Entertainment Inc. | New | 2.72% | +2.72 |
| WING Wingstop Inc. | Add +46.7% | 4.22% | +1.78 |
| GLBE Global-E Online Ltd. | New | 1.59% | +1.59 |
| ROKU Roku Inc. | Add +43.8% | 4.63% | +1.36 |
| WBD Warner Bros Discovery Inc. | Add +79.6% | 3.74% | +1.27 |
| LION Lionsgate Studios Corp. | New | 1.00% | +1.00 |
| CPNG Coupang Inc. | Add +17.0% | 4.11% | +0.85 |
| BBWI Bath & Body Works Inc. | Add +87.8% | 2.27% | +0.72 |
| CSGP Costar Group Inc. | Add +106.8% | 1.55% | +0.61 |
| MNDY Monday.com Ltd. | Add +18.3% | 3.35% | +0.57 |
| UBER Uber Technologies Inc. | Add +16.7% | 3.28% | +0.50 |
| CFLT Confluent Inc. Class A | Add +80.5% | 1.36% | +0.46 |
| DIN Dine Brands Global Inc. | New | 0.28% | +0.28 |
| PAR Par Technology Corp. | Add +27.4% | 1.62% | +0.19 |
| QTWO Q2 Holdings Inc. | Add +14.6% | 2.83% | +0.15 |
| VRNS Varonis Systems Inc. | Add +5.5% | 3.21% | +0.13 |
| EVR Evercore Inc. Class A | Add +25.6% | 0.45% | +0.11 |
| EL Estee Lauder Companies Class A | Add +25.3% | 0.52% | +0.09 |
| META Meta Platforms Inc. Class A | Add +29.1% | 0.24% | +0.06 |
| MA Mastercard Inc. Class A | Add +2.7% | 0.29% | −0.06 |
| V Visa Inc. Class A | Add +2.8% | 0.30% | −0.07 |
| MTCH Match Group Inc. | Add +6.3% | 0.43% | −0.09 |
| PGR Progressive Corp. | Add +2.8% | 0.35% | −0.11 |
| NCNO Ncino Inc. | Add +14.7% | 1.27% | −0.11 |
| WH Wyndham Hotels & Resorts Inc. | Add +22.1% | 1.14% | −0.18 |
Options Activity Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 128,200 | $71.7Mbefore exit |
| AMZN Amazon.com Inc. | call | Sold out | 12,900 | $2.5Mbefore exit |
| TSLA Tesla Inc. | put | New | 5,500 | $1.7M |
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 |