Tremblant Capital Group
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Tremblant Capital Group reported 68 stock positions worth $3.9 billion. Its top holding was Spotify Technology (SPOT) at 3.6% of the portfolio, followed by DoorDash Class A (DASH, 3.4%) and Tko (TKO, 3.4%). Compared with Q3 2025, it opened 32 new positions, sold out of 3, added to 25 and reduced 11. The biggest buy was a new position in Lumentum (LITE) and the biggest sale Warner Bros Discovery (WBD, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- WEST PALM BEACH, FL
- CIK
- 0001353312
- Portfolio Value
- $3.9B (Q4 2025)
- SEC Filing
- 0001214659-26-001896 ↗ filed Feb 17, 2026
Holdings Value
Holdings 68 stocks · $3.9B
| SPOT Spotify Technology SA | 3.58% | 241,449 | $140.2M | Add +222.7% |
| DASH DoorDash Inc. Class A | 3.44% | 595,966 | $135.0M | Add +202.5% |
| TKO Tko Group Holdings Inc. | 3.42% | 640,684 | $133.9M | Add +156.8% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 3.34% | 1,813,697 | $130.9M | Add +407.9% |
| WING Wingstop Inc. | 3.00% | 493,071 | $117.6M | Add +305.2% |
| VRNS Varonis Systems Inc. | 2.94% | 3,509,649 | $115.1M | Add +678.0% |
| LYV Live Nation Entertainment Inc. | 2.85% | 785,031 | $111.9M | Add +282.4% |
| GRAB Grab Holdings Ltd. Class A | 2.82% | 22,140,776 | $110.5M | Add +131.4% |
| CSGP Costar Group Inc. | 2.81% | 1,635,964 | $110.0M | Add +624.1% |
| LITE Lumentum Holdings Inc. | 2.81% | 298,417 | $110.0M | New |
| ROKU Roku Inc. | 2.74% | 990,118 | $107.4M | Add +158.9% |
| CPNG Coupang Inc. | 2.74% | 4,546,882 | $107.3M | Add +254.2% |
| CMG Chipotle Mexican Grill Inc. | 2.56% | 2,713,065 | $100.4M | Add +305.4% |
| MNDY Monday.com Ltd. | 2.46% | 654,848 | $96.6M | Add +272.4% |
| NCNO Ncino Inc. | 2.31% | 3,533,706 | $90.6M | Add +434.4% |
| UBER Uber Technologies Inc. | 2.21% | 1,061,953 | $86.8M | Add +181.4% |
| RCL Royal Caribbean Cruises Ltd. | 2.16% | 303,860 | $84.8M | New |
| WBD Warner Bros Discovery Inc. | 2.14% | 2,904,702 | $83.7M | Reduce -4.3% |
| CYBR Cyberark Software Ltd./Israel | 2.11% | 185,691 | $82.8M | Add +208.4% |
| LPLA LPL Financial Holdings Inc. | 2.02% | 222,165 | $79.4M | New |
| AFRM Affirm Holdings Inc. | 2.01% | 1,060,440 | $78.9M | New |
| WH Wyndham Hotels & Resorts Inc. | 1.99% | 1,032,055 | $78.0M | Add +602.0% |
| RDDT Reddit Inc. Class A | 1.97% | 336,361 | $77.3M | New |
| HWM Howmet Aerospace Inc. | 1.96% | 374,175 | $76.7M | New |
| COR Cencora Inc. | 1.75% | 202,811 | $68.5M | New |
| GLBE Global-E Online Ltd. | 1.68% | 1,678,500 | $66.0M | Add +218.2% |
| ROL Rollins Inc. | 1.66% | 1,082,629 | $65.0M | New |
| WAB Wabtec Corp. | 1.62% | 298,133 | $63.6M | Add +352.2% |
| CVNA Carvana Co. | 1.52% | 141,135 | $59.6M | New |
| CPAY Corpay Inc. | 1.40% | 182,060 | $54.8M | New |
| AXON Axon Enterprise Inc. | 1.36% | 94,231 | $53.5M | New |
| RKLB Rocket Lab Corp. | 1.36% | 762,548 | $53.2M | New |
| BWXT BWX Technologies Inc. | 1.28% | 291,174 | $50.3M | New |
| EVR Evercore Inc. Class A | 1.26% | 145,646 | $49.6M | Add +876.9% |
| SBUX Starbucks Corp. | 1.23% | 573,972 | $48.3M | Add +72.7% |
| TLN Talen Energy Corp. | 1.16% | 120,947 | $45.3M | New |
| IDXX Idexx Laboratories Inc. | 1.13% | 65,288 | $44.2M | New |
| ALNY Alnylam Pharmaceuticals Inc. | 1.12% | 110,132 | $43.8M | New |
| VEEV Veeva Systems Inc. Class A | 1.10% | 192,390 | $42.9M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.09% | 375,835 | $42.8M | Add +0.2% |
| SOFI Sofi Technologies Inc. | 1.08% | 1,624,973 | $42.5M | New |
| EME Emcor Group Inc. | 1.08% | 69,216 | $42.3M | New |
| MDB Mongodb Inc. | 1.04% | 96,809 | $40.6M | New |
| BE Bloom Energy Corp. Class A | 1.03% | 465,143 | $40.4M | New |
| TRGP Targa Resources Corp. | 0.95% | 201,492 | $37.2M | New |
| NET Cloudflare Inc. Class A | 0.94% | 187,125 | $36.9M | New |
| PAR Par Technology Corp. | 0.93% | 1,001,365 | $36.3M | New |
| ATEC Alphatec Holdings Inc. | 0.87% | 1,624,997 | $34.2M | New |
| PODD Insulet Corp. | 0.79% | 108,469 | $30.8M | New |
| INSM Insmed Inc. | 0.78% | 175,650 | $30.6M | New |
| MELI MercadoLibre Inc. | 0.76% | 14,864 | $29.9M | Reduce -3.0% |
| PCOR Procore Technologies Inc. | 0.75% | 401,617 | $29.2M | New |
| RKT Rocket Cos Inc. Class A | 0.71% | 1,433,158 | $27.7M | New |
| OKTA Okta Inc. | 0.68% | 309,133 | $26.7M | New |
| AMZN Amazon.com Inc. | 0.67% | 114,555 | $26.4M | Add +51.3% |
| SHOP Shopify Inc. Class A | 0.66% | 161,292 | $26.0M | Reduce -11.4% |
| LNG Cheniere Energy Inc. | 0.51% | 103,089 | $20.0M | New |
| LION Lionsgate Studios Corp. | 0.35% | 1,494,393 | $13.6M | Reduce -5.3% |
| CFLT Confluent Inc. Class A | 0.35% | 449,655 | $13.6M | Add +43.8% |
| DKNG Draftkings Inc. Class A | 0.16% | 179,569 | $6.2M | Reduce -71.4% |
| PANW Palo Alto Networks Inc. | 0.12% | 26,508 | $4.9M | New |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.12% | 45,795 | $4.8M | Reduce -1.7% |
| PGR Progressive Corp. | 0.12% | 20,249 | $4.6M | Reduce -1.8% |
| MTCH Match Group Inc. | 0.11% | 138,096 | $4.5M | Add +2.8% |
| BBWI Bath & Body Works Inc. | 0.10% | 198,861 | $4.0M | Reduce -77.3% |
| V Visa Inc. Class A | 0.08% | 9,326 | $3.3M | Reduce -1.8% |
| MA Mastercard Inc. Class A | 0.08% | 5,728 | $3.3M | Reduce -1.7% |
| CHTR Charter Communications Inc. Class A | 0.08% | 14,873 | $3.1M | Reduce -74.8% |
Portfolio Sells Q3 2025 → Q4 2025
| WBD Warner Bros Discovery Inc. | Reduce -4.3% | 2.14% | −3.98 |
| MELI MercadoLibre Inc. | Reduce -3.0% | 0.76% | −2.93 |
| DKNG Draftkings Inc. Class A | Reduce -71.4% | 0.16% | −2.27 |
| BBWI Bath & Body Works Inc. | Reduce -77.3% | 0.10% | −2.22 |
| SHOP Shopify Inc. Class A | Reduce -11.4% | 0.66% | −2.13 |
| VSXY Victoria's Secret & Co. | Sold out | 0.00% | −2.04 |
| FIVN FIVE9 Inc. | Sold out | 0.00% | −1.62 |
| CHTR Charter Communications Inc. Class A | Reduce -74.8% | 0.08% | −1.59 |
| LION Lionsgate Studios Corp. | Reduce -5.3% | 0.35% | −0.78 |
| PGR Progressive Corp. | Reduce -1.8% | 0.12% | −0.41 |
| EL Estee Lauder Companies Class A | Reduce -1.7% | 0.12% | −0.30 |
| MA Mastercard Inc. Class A | Reduce -1.7% | 0.08% | −0.26 |
| V Visa Inc. Class A | Reduce -1.8% | 0.08% | −0.25 |
| KDP Keurig Dr Pepper Inc. | Sold out | 0.00% | −0.24 |
Portfolio Buys Q3 2025 → Q4 2025
| LITE Lumentum Holdings Inc. | New | 2.81% | +2.81 |
| RCL Royal Caribbean Cruises Ltd. | New | 2.16% | +2.16 |
| LPLA LPL Financial Holdings Inc. | New | 2.02% | +2.02 |
| AFRM Affirm Holdings Inc. | New | 2.01% | +2.01 |
| RDDT Reddit Inc. Class A | New | 1.97% | +1.97 |
| HWM Howmet Aerospace Inc. | New | 1.96% | +1.96 |
| COR Cencora Inc. | New | 1.75% | +1.75 |
| ROL Rollins Inc. | New | 1.66% | +1.66 |
| CVNA Carvana Co. | New | 1.52% | +1.52 |
| CPAY Corpay Inc. | New | 1.40% | +1.40 |
| AXON Axon Enterprise Inc. | New | 1.36% | +1.36 |
| RKLB Rocket Lab Corp. | New | 1.36% | +1.36 |
| BWXT BWX Technologies Inc. | New | 1.28% | +1.28 |
| TLN Talen Energy Corp. | New | 1.16% | +1.16 |
| IDXX Idexx Laboratories Inc. | New | 1.13% | +1.13 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 1.12% | +1.12 |
| VEEV Veeva Systems Inc. Class A | New | 1.10% | +1.10 |
| SOFI Sofi Technologies Inc. | New | 1.08% | +1.08 |
| EME Emcor Group Inc. | New | 1.08% | +1.08 |
| MDB Mongodb Inc. | New | 1.04% | +1.04 |
| BE Bloom Energy Corp. Class A | New | 1.03% | +1.03 |
| TRGP Targa Resources Corp. | New | 0.95% | +0.95 |
| NET Cloudflare Inc. Class A | New | 0.94% | +0.94 |
| PAR Par Technology Corp. | New | 0.93% | +0.93 |
| ATEC Alphatec Holdings Inc. | New | 0.87% | +0.87 |
| CSGP Costar Group Inc. | Add +624.1% | 2.81% | +0.84 |
| PODD Insulet Corp. | New | 0.79% | +0.79 |
| INSM Insmed Inc. | New | 0.78% | +0.78 |
| WH Wyndham Hotels & Resorts Inc. | Add +602.0% | 1.99% | +0.78 |
| PCOR Procore Technologies Inc. | New | 0.75% | +0.75 |
| EVR Evercore Inc. Class A | Add +876.9% | 1.26% | +0.74 |
| RKT Rocket Cos Inc. Class A | New | 0.71% | +0.71 |
| OKTA Okta Inc. | New | 0.68% | +0.68 |
| QTWO Q2 Holdings Inc. | Add +407.9% | 3.34% | +0.67 |
| LNG Cheniere Energy Inc. | New | 0.51% | +0.51 |
| NCNO Ncino Inc. | Add +434.4% | 2.31% | +0.46 |
| VRNS Varonis Systems Inc. | Add +678.0% | 2.94% | +0.26 |
| WAB Wabtec Corp. | Add +352.2% | 1.62% | +0.26 |
| PANW Palo Alto Networks Inc. | New | 0.12% | +0.12 |
| CMG Chipotle Mexican Grill Inc. | Add +305.4% | 2.56% | −0.15 |
| WING Wingstop Inc. | Add +305.2% | 3.00% | −0.16 |
| GLBE Global-E Online Ltd. | Add +218.2% | 1.68% | −0.26 |
| CFLT Confluent Inc. Class A | Add +43.8% | 0.35% | −0.29 |
| MTCH Match Group Inc. | Add +2.8% | 0.11% | −0.38 |
| LYV Live Nation Entertainment Inc. | Add +282.4% | 2.85% | −0.61 |
| CYBR Cyberark Software Ltd./Israel | Add +208.4% | 2.11% | −0.89 |
| AMZN Amazon.com Inc. | Add +51.3% | 0.67% | −1.04 |
| MNDY Monday.com Ltd. | Add +272.4% | 2.46% | −1.05 |
| ROKU Roku Inc. | Add +158.9% | 2.74% | −1.21 |
| CPNG Coupang Inc. | Add +254.2% | 2.74% | −1.53 |
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 |