Whitebark Investors LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Whitebark Investors LP reported 9 stock positions worth $207.1 million. Its top holding was Flutter Entertainment PLC-Di (FLUT) at 20.3% of the portfolio, followed by Goosehead Insurance Class A (GSHD, 17.3%) and Microsoft (MSFT, 15.9%). Compared with Q1 2025, it added to 4 and reduced 3. The biggest buy was Coupang (CPNG, shares +40%) and the biggest sale DoorDash Class A (DASH, shares −63%).
- Most Recent 13F
- Q2 2026
- Location
- Incline Village, NV
- CIK
- 0002042091
- Portfolio Value
- $207.1M (Q2 2025)
- SEC Filing
- 0001172661-25-003358 ↗ filed Aug 14, 2025
Holdings Value
Holdings 9 stocks · $207.1M
| FLUT Flutter Entertainment PLC-Di | 20.34% | 147,434 | $42.1M | Reduce -6.3% |
| GSHD Goosehead Insurance Inc. Class A | 17.27% | 339,008 | $35.8M | No change |
| MSFT Microsoft Corp. | 15.89% | 66,139 | $32.9M | Reduce -8.3% |
| CPNG Coupang Inc. | 12.56% | 868,344 | $26.0M | Add +40.2% |
| TDS Telephone and Data Systems | 12.53% | 729,194 | $25.9M | Add +24.4% |
| BLND Blend Labs Inc. Class A | 7.73% | 4,853,883 | $16.0M | Add +4.6% |
| DASH DoorDash Inc. Class A | 6.16% | 51,774 | $12.8M | Reduce -62.6% |
| GO Grocery Outlet Holding Corp. | 3.90% | 650,000 | $8.1M | No change |
| GLBE Global-E Online Ltd. | 3.61% | 223,100 | $7.5M | Add +216.4% |
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 10 | $129.5M | GLBE, CPNG, GO, MSFT, KLAR |
| Q1 2026 | 9 | $125.1M | CPNG, MSFT, GLBE, FLUT, GSHD |
| Q4 2025 | 9 | $166.0M | FLUT, CPNG, MSFT, GLBE, GSHD |
| Q3 2025 | 10 | $210.0M | FLUT, MSFT, CPNG, TDS, GSHD |
| Q2 2025Amended | 9 | $207.1M | FLUT, GSHD, MSFT, CPNG, TDS |
| Q1 2025 | 9 | $190.7M | GSHD, FLUT, MSFT, DASH, TDS |
| Q4 2024 | 9 | $215.8M | GSHD, DASH, FLUT, MSFT, GLBE |