Two Creeks Capital Management, LP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Two Creeks Capital Management, LP reported 18 stock positions worth $1.6 billion. Its top holding was Visa Class A (V) at 11.4% of the portfolio, followed by Floor & Decor Class A (FND, 9.1%) and Lowe's Cos (LOW, 7.4%). Compared with Q1 2024, it opened 1 new position, added to 7 and reduced 10. The biggest buy was Tyler Technologies (TYL, shares +73%) and the biggest sale HDFC Bank Ltd.-ADR (HDB, shares −47%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001606430
- Portfolio Value
- $1.6B (Q2 2024)
- SEC Filing
- 0001172661-24-003365 ↗ filed Aug 14, 2024
Holdings Value
Holdings 18 stocks · $1.6B
| V Visa Inc. Class A | 11.35% | 695,774 | $182.6M | Reduce -10.3% |
| FND Floor & Decor Holdings Inc. Class A | 9.05% | 1,464,814 | $145.6M | Add +3.7% |
| LOW Lowe's Cos Inc. | 7.40% | 539,914 | $119.0M | Add +2.3% |
| CRH CRH PLC | 7.38% | 1,583,686 | $118.7M | Add +62.9% |
| ABNB Airbnb Inc. Class A | 7.33% | 777,710 | $117.9M | Add +16.3% |
| PLNT Planet Fitness Inc. Class A | 6.98% | 1,526,774 | $112.4M | Add +51.0% |
| ADBE Adobe Inc. | 6.45% | 186,755 | $103.7M | Reduce -21.1% |
| TYL Tyler Technologies Inc. | 6.29% | 201,412 | $101.3M | Add +72.6% |
| HDB HDFC Bank Ltd.-ADR | 6.19% | 1,548,101 | $99.6M | Reduce -47.3% |
| AZPN Aspen Technology Inc. | 5.13% | 415,132 | $82.5M | Reduce -33.4% |
| MA Mastercard Inc. Class A | 4.25% | 154,862 | $68.3M | Reduce -12.0% |
| ASML ASML Holding NV-NY Reg SHS | 4.17% | 65,522 | $67.0M | Reduce -25.2% |
| GOOG Alphabet Inc. Class C | 3.87% | 339,624 | $62.3M | Reduce -23.6% |
| CMG Chipotle Mexican Grill Inc. | 3.81% | 978,750 | $61.3M | Reduce -24.5% |
| CPNG Coupang Inc. | 3.57% | 2,743,420 | $57.5M | Reduce -12.4% |
| ICLR Icon PLC | 3.35% | 171,815 | $53.9M | Reduce -25.6% |
| KLAC KLA Corp. | 2.95% | 57,500 | $47.4M | Add +29.4% |
| IBN Icici Bank Ltd.-Spon ADR | 0.49% | 272,547 | $7.9M | New |
Portfolio Sells Q1 2024 → Q2 2024
| HDB HDFC Bank Ltd.-ADR | Reduce -47.3% | 6.19% | −3.28 |
| AZPN Aspen Technology Inc. | Reduce -33.4% | 5.13% | −2.54 |
| V Visa Inc. Class A | Reduce -10.3% | 11.35% | −1.13 |
| ICLR Icon PLC | Reduce -25.6% | 3.35% | −1.12 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -25.2% | 4.17% | −0.74 |
| MA Mastercard Inc. Class A | Reduce -12.0% | 4.25% | −0.64 |
| CMG Chipotle Mexican Grill Inc. | Reduce -24.5% | 3.81% | −0.53 |
| ADBE Adobe Inc. | Reduce -21.1% | 6.45% | −0.43 |
| GOOG Alphabet Inc. Class C | Reduce -23.6% | 3.87% | −0.03 |
| CPNG Coupang Inc. | Reduce -12.4% | 3.57% | +0.36 |
Portfolio Buys Q1 2024 → Q2 2024
| TYL Tyler Technologies Inc. | Add +72.6% | 6.29% | +3.44 |
| PLNT Planet Fitness Inc. Class A | Add +51.0% | 6.98% | +3.33 |
| CRH CRH PLC | Add +62.9% | 7.38% | +2.55 |
| KLAC KLA Corp. | Add +29.4% | 2.95% | +1.16 |
| ABNB Airbnb Inc. Class A | Add +16.3% | 7.33% | +0.97 |
| IBN Icici Bank Ltd.-Spon ADR | New | 0.49% | +0.49 |
| LOW Lowe's Cos Inc. | Add +2.3% | 7.40% | −0.35 |
| FND Floor & Decor Holdings Inc. Class A | Add +3.7% | 9.05% | −1.50 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 13 | $139.5M | ACWI, FND, V, TSM, ASML |
| Q1 2026 | 21 | $947.0M | TLN, UBER, DHR, V, TSM |
| Q4 2025 | 26 | $1.2B | FND, V, MIR, CMG, DHR |
| Q3 2025 | 25 | $1.4B | FND, CMG, ASML, MIR, UBER |
| Q2 2025 | 25 | $1.5B | FND, TLN, UBER, FLUT, V |
| Q1 2025 | 23 | $1.6B | FND, V, LOW, CMG, EQT |
| Q4 2024 | 22 | $1.6B | V, FND, LOW, CRH, PLNT |
| Q3 2024 | 18 | $1.5B | FND, LOW, V, PLNT, ABNB |
| Q2 2024 | 18 | $1.6B | V, FND, LOW, CRH, ABNB |
| Q1 2024 | 17 | $1.7B | V, FND, HDB, LOW, AZPN |