Tremblant Capital Group
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Tremblant Capital Group reported 39 stock positions worth $969.0 million. Its top holding was Warner Bros Discovery (WBD) at 6.1% of the portfolio, followed by Grab Class A (GRAB, 5.9%) and DoorDash Class A (DASH, 5.5%). Compared with Q2 2025, it opened 2 new positions, sold out of 6, added to 14 and reduced 23. The biggest buy was a new position in Cyberark Software Ltd./Israel (CYBR) and the biggest sale an exit from Avidxchange (AVDX).
- Most Recent 13F
- Q2 2026
- Location
- WEST PALM BEACH, FL
- CIK
- 0001353312
- Portfolio Value
- $969.0M (Q3 2025)
- SEC Filing
- 0001214659-25-016493 ↗ filed Nov 14, 2025
Holdings Value
Holdings 39 stocks · $969.0M
| WBD Warner Bros Discovery Inc. | 6.12% | 3,036,282 | $59.3M | Reduce -10.2% |
| GRAB Grab Holdings Ltd. Class A | 5.94% | 9,567,004 | $57.6M | Reduce -1.6% |
| DASH DoorDash Inc. Class A | 5.53% | 197,039 | $53.6M | Reduce -11.5% |
| SPOT Spotify Technology SA | 5.39% | 74,822 | $52.2M | Reduce -5.3% |
| TKO Tko Group Holdings Inc. | 5.20% | 249,486 | $50.4M | Reduce -10.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 4.43% | 374,966 | $42.9M | Reduce -6.3% |
| CPNG Coupang Inc. | 4.27% | 1,283,619 | $41.3M | Reduce -9.5% |
| ROKU Roku Inc. | 3.95% | 382,391 | $38.3M | Reduce -29.8% |
| UBER Uber Technologies Inc. | 3.82% | 377,390 | $37.0M | Add +3.6% |
| MELI MercadoLibre Inc. | 3.69% | 15,318 | $35.8M | Add +5.2% |
| MNDY Monday.com Ltd. | 3.51% | 175,831 | $34.1M | Add +59.5% |
| LYV Live Nation Entertainment Inc. | 3.46% | 205,319 | $33.5M | Add +10.5% |
| WING Wingstop Inc. | 3.16% | 121,681 | $30.6M | Reduce -6.2% |
| CYBR Cyberark Software Ltd./Israel | 3.00% | 60,201 | $29.1M | New |
| SBUX Starbucks Corp. | 2.90% | 332,334 | $28.1M | Reduce -7.0% |
| SHOP Shopify Inc. Class A | 2.79% | 182,089 | $27.1M | Reduce -39.4% |
| CMG Chipotle Mexican Grill Inc. | 2.71% | 669,287 | $26.2M | New |
| VRNS Varonis Systems Inc. | 2.68% | 451,125 | $25.9M | Reduce -31.0% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 2.67% | 357,132 | $25.9M | Add +14.3% |
| DKNG Draftkings Inc. Class A | 2.42% | 628,054 | $23.5M | Add +6.6% |
| BBWI Bath & Body Works Inc. | 2.33% | 874,639 | $22.5M | Add +11.6% |
| VSXY Victoria's Secret & Co. | 2.04% | 728,571 | $19.8M | Reduce -2.5% |
| CSGP Costar Group Inc. | 1.97% | 225,928 | $19.1M | Add +13.0% |
| GLBE Global-E Online Ltd. | 1.95% | 527,519 | $18.9M | Add +7.6% |
| NCNO Ncino Inc. | 1.85% | 661,277 | $17.9M | Add +40.3% |
| AMZN Amazon.com Inc. | 1.72% | 75,700 | $16.6M | Reduce -49.4% |
| CHTR Charter Communications Inc. Class A | 1.67% | 58,916 | $16.2M | Reduce -14.5% |
| FIVN FIVE9 Inc. | 1.62% | 646,883 | $15.7M | Reduce -0.7% |
| WAB Wabtec Corp. | 1.36% | 65,936 | $13.2M | Reduce -27.8% |
| WH Wyndham Hotels & Resorts Inc. | 1.21% | 147,021 | $11.7M | Add +0.8% |
| LION Lionsgate Studios Corp. | 1.12% | 1,578,587 | $10.9M | Reduce -11.8% |
| CFLT Confluent Inc. Class A | 0.64% | 312,702 | $6.2M | Reduce -44.6% |
| PGR Progressive Corp. | 0.53% | 20,609 | $5.1M | Add +53.6% |
| EVR Evercore Inc. Class A | 0.52% | 14,909 | $5.0M | Reduce -14.2% |
| MTCH Match Group Inc. | 0.49% | 134,368 | $4.7M | Reduce -6.4% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.42% | 46,605 | $4.1M | Reduce -29.4% |
| MA Mastercard Inc. Class A | 0.34% | 5,828 | $3.3M | Add +8.8% |
| V Visa Inc. Class A | 0.33% | 9,496 | $3.2M | Add +8.9% |
| KDP Keurig Dr Pepper Inc. | 0.24% | 91,043 | $2.3M | Reduce -71.9% |
Portfolio Sells Q2 2025 → Q3 2025
| AVDX Avidxchange Holdings Inc. | Sold out | 0.00% | −2.59 |
| PAR Par Technology Corp. | Sold out | 0.00% | −1.62 |
| AMZN Amazon.com Inc. | Reduce -49.4% | 1.72% | −1.45 |
| WING Wingstop Inc. | Reduce -6.2% | 3.16% | −1.06 |
| CHTR Charter Communications Inc. Class A | Reduce -14.5% | 1.67% | −1.05 |
| KDP Keurig Dr Pepper Inc. | Reduce -71.9% | 0.24% | −0.79 |
| CFLT Confluent Inc. Class A | Reduce -44.6% | 0.64% | −0.72 |
| ROKU Roku Inc. | Reduce -29.8% | 3.95% | −0.68 |
| SHOP Shopify Inc. Class A | Reduce -39.4% | 2.79% | −0.56 |
| VRNS Varonis Systems Inc. | Reduce -31.0% | 2.68% | −0.53 |
| WAB Wabtec Corp. | Reduce -27.8% | 1.36% | −0.48 |
| SPOT Spotify Technology SA | Reduce -5.3% | 5.39% | −0.47 |
| DIS The Walt Disney Co. | Reduce -6.3% | 4.43% | −0.36 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.34 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.33 |
| DIN Dine Brands Global Inc. | Sold out | 0.00% | −0.28 |
| SBUX Starbucks Corp. | Reduce -7.0% | 2.90% | −0.26 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.24 |
| EL Estee Lauder Companies Class A | Reduce -29.4% | 0.42% | −0.09 |
| FIVN FIVE9 Inc. | Reduce -0.7% | 1.62% | −0.05 |
| MTCH Match Group Inc. | Reduce -6.4% | 0.49% | +0.06 |
| EVR Evercore Inc. Class A | Reduce -14.2% | 0.52% | +0.07 |
| LION Lionsgate Studios Corp. | Reduce -11.8% | 1.12% | +0.12 |
| CPNG Coupang Inc. | Reduce -9.5% | 4.27% | +0.16 |
| DASH DoorDash Inc. Class A | Reduce -11.5% | 5.53% | +0.23 |
| TKO Tko Group Holdings Inc. | Reduce -10.4% | 5.20% | +0.31 |
| VSXY Victoria's Secret & Co. | Reduce -2.5% | 2.04% | +0.70 |
| GRAB Grab Holdings Ltd. Class A | Reduce -1.6% | 5.94% | +1.22 |
| WBD Warner Bros Discovery Inc. | Reduce -10.2% | 6.12% | +2.38 |
Portfolio Buys Q2 2025 → Q3 2025
| CYBR Cyberark Software Ltd./Israel | New | 3.00% | +3.00 |
| CMG Chipotle Mexican Grill Inc. | New | 2.71% | +2.71 |
| LYV Live Nation Entertainment Inc. | Add +10.5% | 3.46% | +0.75 |
| NCNO Ncino Inc. | Add +40.3% | 1.85% | +0.58 |
| UBER Uber Technologies Inc. | Add +3.6% | 3.82% | +0.53 |
| CSGP Costar Group Inc. | Add +13.0% | 1.97% | +0.41 |
| GLBE Global-E Online Ltd. | Add +7.6% | 1.95% | +0.36 |
| PGR Progressive Corp. | Add +53.6% | 0.53% | +0.18 |
| MNDY Monday.com Ltd. | Add +59.5% | 3.51% | +0.17 |
| WH Wyndham Hotels & Resorts Inc. | Add +0.8% | 1.21% | +0.07 |
| BBWI Bath & Body Works Inc. | Add +11.6% | 2.33% | +0.06 |
| MA Mastercard Inc. Class A | Add +8.8% | 0.34% | +0.05 |
| V Visa Inc. Class A | Add +8.9% | 0.33% | +0.04 |
| MELI MercadoLibre Inc. | Add +5.2% | 3.69% | +0.02 |
| DKNG Draftkings Inc. Class A | Add +6.6% | 2.42% | −0.02 |
| QTWO Q2 Holdings Inc. | Add +14.3% | 2.67% | −0.16 |
Options Activity Q2 2025 → Q3 2025
| TSLA Tesla Inc. | put | Sold out | 5,500 | $1.7Mbefore exit |
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 |