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FERNBRIDGE CAPITAL MANAGEMENT LP

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13F filer, CIK 1827734, LOS ANGELES, CA

FERNBRIDGE CAPITAL MANAGEMENT LP reported $2,052,008,096 across 24 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-13. Its ten largest share positions make up 75.53% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0002073679-25-000042

Period
2025-09-30
Reported value
$2.05B
Holdings
24
Top 10 weight
75.53%
New
5
Sold out
5

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CRMadded+322,249$76.4M
AMZNadded+339,903$74.6M
LPXadded+607,319$54M
NFLXnew+42,905$51.4M
XYLnew+282,762$41.7M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
PTCreduced-961,693-$195M
TRUexited-720,659-$63.4M
DASHexited-161,454-$39.8M
XYZexited-547,620-$37.2M
INTUreduced-52,947-$36.2M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0002073679-25-000042, largest first. % of portfolio is the value over $2,052,008,096, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,072,422 shares; 2024Q4: 531,079 shares; 2025Q1: 727,859 shares; 2025Q2: 1,436,860 shares; 2025Q3: 1,759,109 shares 1,759,109$417M20.32%+322,249Timeline
WDAYWORKDAY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 419,378 shares; 2024Q4: 761,296 shares; 2025Q1: 782,782 shares; 2025Q2: 1,241,380 shares; 2025Q3: 1,382,293 shares 1,382,293$333M16.22%+140,913Timeline
PTCPTC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,429,005 shares; 2024Q4: 1,514,569 shares; 2025Q1: 2,055,053 shares; 2025Q2: 2,055,053 shares; 2025Q3: 1,093,360 shares 1,093,360$222M10.82%-961,693Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 652,187 shares; 2024Q4: 609,762 shares; 2025Q1: 572,242 shares; 2025Q2: 533,411 shares; 2025Q3: 873,314 shares 873,314$192M9.34%+339,903Timeline
LPXLOUISIANA PAC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 213,436 shares; 2025Q3: 820,755 shares 820,755$72.9M3.55%+607,319Timeline
VMCVULCAN MATLS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 308,002 shares; 2025Q1: 366,957 shares; 2025Q2: 254,972 shares; 2025Q3: 232,566 shares 232,566$71.5M3.49%-22,406Timeline
LYVLIVE NATION ENTERTAINMENT INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 414,909 shares; 2024Q4: 333,133 shares; 2025Q1: 742,993 shares; 2025Q2: 574,874 shares; 2025Q3: 431,935 shares 431,935$70.6M3.44%-142,939Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 60,391 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 99,688 shares; 2025Q3: 177,206 shares 177,206$60.5M2.95%+77,518Timeline
BKNGBOOKING HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,560 shares; 2024Q4: 7,693 shares; 2025Q1: 20,223 shares; 2025Q2: 9,592 shares; 2025Q3: 10,604 shares 10,604$57.3M2.79%+1,012Timeline
INTUINTUITQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 130,902 shares; 2024Q4: 447,163 shares; 2025Q1: 572,460 shares; 2025Q2: 131,543 shares; 2025Q3: 78,596 shares 78,596$53.7M2.62%-52,947Timeline
APPAPPLOVIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 40,488 shares; 2025Q3: 74,099 shares 74,099$53.2M2.59%+33,611Timeline
NFLXNETFLIX INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 42,905 shares 42,905$51.4M2.51%newTimeline
FLUTFLUTTER ENTMT PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 314,473 shares; 2025Q2: 314,467 shares; 2025Q3: 178,577 shares 178,577$45.4M2.21%-135,890Timeline
COFCAPITAL ONE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 216,806 shares; 2025Q2: 180,782 shares; 2025Q3: 205,687 shares 205,687$43.7M2.13%+24,905Timeline
XYLXYLEM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 282,762 shares 282,762$41.7M2.03%newTimeline
SPOTSPOTIFY TECHNOLOGY S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 88,916 shares; 2024Q4: 141,501 shares; 2025Q1: 19,296 shares; 2025Q2: 29,036 shares; 2025Q3: 59,134 shares 59,134$41.3M2.01%+30,098Timeline
CNMCORE & MAIN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 691,507 shares; 2024Q4: 435,736 shares; 2025Q1: 382,010 shares; 2025Q2: 1,071,238 shares; 2025Q3: 756,635 shares 756,635$40.7M1.98%-314,603Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 127,211 shares; 2025Q1: 252,242 shares; 2025Q2: 231,502 shares; 2025Q3: 142,260 shares 142,260$39.7M1.94%-89,242Timeline
TTEKTETRA TECH INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 451,402 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 943,423 shares; 2025Q3: 1,015,666 shares 1,015,666$33.9M1.65%+72,243Timeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 492,918 shares; 2024Q4: 2,376,906 shares; 2025Q1: not reported; 2025Q2: 293,936 shares; 2025Q3: 341,981 shares 341,981$33.5M1.63%+48,045Timeline
CHTRCHARTER COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 148,729 shares; 2024Q4: 66,445 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 91,887 shares 91,887$25.3M1.23%newTimeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 227,328 shares; 2024Q4: 306,086 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 86,275 shares 86,275$21M1.02%newTimeline
TMUST-MOBILE US INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 375,712 shares; 2024Q4: 260,275 shares; 2025Q1: not reported; 2025Q2: 200,281 shares; 2025Q3: 86,965 shares 86,965$20.8M1.01%-113,316Timeline
DKNGDRAFTKINGS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,323,130 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 279,860 shares 279,860$10.5M0.51%newTimeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
TRUTRANSUNION720,659$63.4Mshares
DASHDOORDASH INC161,454$39.8Mshares
XYZBLOCK INC547,620$37.2Mshares
TTDTHE TRADE DESK INC363,775$26.2Mshares
WMSADVANCED DRAIN SYS INC DEL130,565$15Mshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0002073679-25-000042 base2025-11-13acceptance time not in the bulk data set