Two Creeks Capital Management, LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Two Creeks Capital Management, LP reported 18 stock positions worth $1.5 billion. Its top holding was Floor & Decor Class A (FND) at 12.1% of the portfolio, followed by Lowe's Cos (LOW, 9.7%) and Visa Class A (V, 9.6%). Compared with Q2 2024, it added to 10 and reduced 7. The biggest buy was Floor & Decor Class A (FND, shares +1%) and the biggest sale Tyler Technologies (TYL, shares −65%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001606430
- Portfolio Value
- $1.5B (Q3 2024)
- SEC Filing
- 0001172661-24-004889 ↗ filed Nov 14, 2024
Holdings Value
Holdings 18 stocks · $1.5B
| FND Floor & Decor Holdings Inc. Class A | 12.08% | 1,475,589 | $183.2M | Add +0.7% |
| LOW Lowe's Cos Inc. | 9.71% | 543,885 | $147.3M | Add +0.7% |
| V Visa Inc. Class A | 9.55% | 527,191 | $145.0M | Reduce -24.2% |
| PLNT Planet Fitness Inc. Class A | 6.92% | 1,293,109 | $105.0M | Reduce -15.3% |
| ABNB Airbnb Inc. Class A | 6.56% | 784,266 | $99.5M | Add +0.8% |
| MA Mastercard Inc. Class A | 6.52% | 200,191 | $98.9M | Add +29.3% |
| CMG Chipotle Mexican Grill Inc. | 6.44% | 1,695,589 | $97.7M | Add +73.2% |
| HDB HDFC Bank Ltd.-ADR | 5.88% | 1,425,859 | $89.2M | Reduce -7.9% |
| ADBE Adobe Inc. | 5.48% | 160,531 | $83.1M | Reduce -14.0% |
| CRH CRH PLC | 5.48% | 896,058 | $83.1M | Reduce -43.4% |
| ASML ASML Holding NV-NY Reg SHS | 4.49% | 81,828 | $68.2M | Add +24.9% |
| CPNG Coupang Inc. | 4.48% | 2,766,414 | $67.9M | Add +0.8% |
| GOOG Alphabet Inc. Class C | 3.77% | 342,471 | $57.3M | Add +0.8% |
| ICLR Icon PLC | 3.28% | 173,255 | $49.8M | Add +0.8% |
| KLAC KLA Corp. | 3.07% | 60,232 | $46.6M | Add +4.8% |
| AZPN Aspen Technology Inc. | 3.05% | 193,878 | $46.3M | Reduce -53.3% |
| TYL Tyler Technologies Inc. | 2.70% | 70,133 | $40.9M | Reduce -65.2% |
| IBN Icici Bank Ltd.-Spon ADR | 0.54% | 272,547 | $8.1M | No change |
Portfolio Sells Q2 2024 → Q3 2024
| TYL Tyler Technologies Inc. | Reduce -65.2% | 2.70% | −3.60 |
| AZPN Aspen Technology Inc. | Reduce -53.3% | 3.05% | −2.07 |
| CRH CRH PLC | Reduce -43.4% | 5.48% | −1.90 |
| V Visa Inc. Class A | Reduce -24.2% | 9.55% | −1.80 |
| ADBE Adobe Inc. | Reduce -14.0% | 5.48% | −0.97 |
| HDB HDFC Bank Ltd.-ADR | Reduce -7.9% | 5.88% | −0.31 |
| PLNT Planet Fitness Inc. Class A | Reduce -15.3% | 6.92% | −0.06 |
Portfolio Buys Q2 2024 → Q3 2024
| FND Floor & Decor Holdings Inc. Class A | Add +0.7% | 12.08% | +3.03 |
| CMG Chipotle Mexican Grill Inc. | Add +73.2% | 6.44% | +2.63 |
| LOW Lowe's Cos Inc. | Add +0.7% | 9.71% | +2.31 |
| MA Mastercard Inc. Class A | Add +29.3% | 6.52% | +2.27 |
| CPNG Coupang Inc. | Add +0.8% | 4.48% | +0.90 |
| ASML ASML Holding NV-NY Reg SHS | Add +24.9% | 4.49% | +0.33 |
| KLAC KLA Corp. | Add +4.8% | 3.07% | +0.13 |
| ICLR Icon PLC | Add +0.8% | 3.28% | −0.07 |
| GOOG Alphabet Inc. Class C | Add +0.8% | 3.77% | −0.10 |
| ABNB Airbnb Inc. Class A | Add +0.8% | 6.56% | −0.77 |
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 |