Two Creeks Capital Management, LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Two Creeks Capital Management, LP reported 22 stock positions worth $1.6 billion. Its top holding was Visa Class A (V) at 10.0% of the portfolio, followed by Floor & Decor Class A (FND, 9.7%) and Lowe's Cos (LOW, 7.6%). Compared with Q3 2024, it opened 6 new positions, sold out of 2, added to 7 and reduced 9. The biggest buy was a new position in Uber Technologies (UBER) and the biggest sale an exit from Tyler Technologies (TYL).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001606430
- Portfolio Value
- $1.6B (Q4 2024)
- SEC Filing
- 0001172661-25-000957 ↗ filed Feb 14, 2025
Holdings Value
Holdings 22 stocks · $1.6B
| V Visa Inc. Class A | 10.04% | 521,074 | $164.7M | Reduce -1.2% |
| FND Floor & Decor Holdings Inc. Class A | 9.65% | 1,587,590 | $158.3M | Add +7.6% |
| LOW Lowe's Cos Inc. | 7.56% | 502,276 | $124.0M | Reduce -7.7% |
| CRH CRH PLC | 6.58% | 1,166,816 | $108.0M | Add +30.2% |
| PLNT Planet Fitness Inc. Class A | 6.45% | 1,069,283 | $105.7M | Reduce -17.3% |
| CMG Chipotle Mexican Grill Inc. | 6.29% | 1,710,250 | $103.1M | Add +0.9% |
| ADBE Adobe Inc. | 5.61% | 206,847 | $92.0M | Add +28.9% |
| ABNB Airbnb Inc. Class A | 4.44% | 553,703 | $72.8M | Reduce -29.4% |
| UBER Uber Technologies Inc. | 4.17% | 1,134,980 | $68.5M | New |
| MA Mastercard Inc. Class A | 4.11% | 127,979 | $67.4M | Reduce -36.1% |
| GOOG Alphabet Inc. Class C | 3.96% | 340,910 | $64.9M | Reduce -0.5% |
| ICLR Icon PLC | 3.81% | 297,638 | $62.4M | Add +71.8% |
| CPNG Coupang Inc. | 3.71% | 2,768,663 | $60.9M | Add +0.1% |
| HDB HDFC Bank Ltd.-ADR | 3.71% | 952,645 | $60.8M | Reduce -33.2% |
| KLAC KLA Corp. | 3.62% | 94,113 | $59.3M | Add +56.3% |
| ASML ASML Holding NV-NY Reg SHS | 3.44% | 81,455 | $56.5M | Reduce -0.5% |
| EQT Eqt Corp. | 3.09% | 1,098,617 | $50.7M | New |
| AZPN Aspen Technology Inc. | 2.77% | 181,899 | $45.4M | Reduce -6.2% |
| EXE Expand Energy Corp. | 2.11% | 347,105 | $34.6M | New |
| IDXX Idexx Laboratories Inc. | 1.74% | 69,110 | $28.6M | New |
| FLUT Flutter Entertainment PLC-Di | 1.67% | 106,198 | $27.4M | New |
| CDW CDW Corp. | 1.48% | 139,559 | $24.3M | New |
Portfolio Sells Q3 2024 → Q4 2024
| TYL Tyler Technologies Inc. | Sold out | 0.00% | −2.70 |
| MA Mastercard Inc. Class A | Reduce -36.1% | 4.11% | −2.41 |
| HDB HDFC Bank Ltd.-ADR | Reduce -33.2% | 3.71% | −2.17 |
| LOW Lowe's Cos Inc. | Reduce -7.7% | 7.56% | −2.15 |
| ABNB Airbnb Inc. Class A | Reduce -29.4% | 4.44% | −2.12 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -0.5% | 3.44% | −1.05 |
| IBN Icici Bank Ltd.-Spon ADR | Sold out | 0.00% | −0.54 |
| PLNT Planet Fitness Inc. Class A | Reduce -17.3% | 6.45% | −0.48 |
| AZPN Aspen Technology Inc. | Reduce -6.2% | 2.77% | −0.28 |
| GOOG Alphabet Inc. Class C | Reduce -0.5% | 3.96% | +0.18 |
| V Visa Inc. Class A | Reduce -1.2% | 10.04% | +0.49 |
Portfolio Buys Q3 2024 → Q4 2024
| UBER Uber Technologies Inc. | New | 4.17% | +4.17 |
| EQT Eqt Corp. | New | 3.09% | +3.09 |
| EXE Expand Energy Corp. | New | 2.11% | +2.11 |
| IDXX Idexx Laboratories Inc. | New | 1.74% | +1.74 |
| FLUT Flutter Entertainment PLC-Di | New | 1.67% | +1.67 |
| CDW CDW Corp. | New | 1.48% | +1.48 |
| CRH CRH PLC | Add +30.2% | 6.58% | +1.10 |
| KLAC KLA Corp. | Add +56.3% | 3.62% | +0.54 |
| ICLR Icon PLC | Add +71.8% | 3.81% | +0.52 |
| ADBE Adobe Inc. | Add +28.9% | 5.61% | +0.13 |
| CMG Chipotle Mexican Grill Inc. | Add +0.9% | 6.29% | −0.15 |
| CPNG Coupang Inc. | Add +0.1% | 3.71% | −0.77 |
| FND Floor & Decor Holdings Inc. Class A | Add +7.6% | 9.65% | −2.43 |
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 |