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Two Creeks Capital Management, LP

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13F filer, CIK 1606430, New York, NY

Two Creeks Capital Management, LP reported $1,390,703,154 across 25 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 56.35% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-004816

Period
2025-09-30
Reported value
$1.39B
Holdings
25
Top 10 weight
56.35%
New
3
Sold out
5

Largest buys vs the previous quarter

SecurityShares changeApprox. value
MIRnew+3,598,763$83.7M
GRABnew+9,662,752$58.2M
ENTGnew+506,222$46.8M
CMGadded+1,028,611$40.3M
TEAMadded+61,447$9.81M

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
TLNreduced-192,072-$81.7M
IDXXexited-114,459-$61.4M
CRHreduced-484,813-$58.1M
KLACexited-29,089-$26.1M
MLMexited-39,913-$21.9M

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 0001172661-25-004816, largest first. % of portfolio is the value over $1,390,703,154, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
FNDFLOOR & DECOR HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,587,590 shares; 2025Q1: 1,768,859 shares; 2025Q2: 1,619,457 shares; 2025Q3: 1,500,378 shares 1,500,378$111M7.95%-119,079Timeline
CMGCHIPOTLE MEXICAN GRILL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,710,250 shares; 2025Q1: 1,894,950 shares; 2025Q2: 1,400,372 shares; 2025Q3: 2,428,983 shares 2,428,983$95.2M6.84%+1,028,611Timeline
ASMLASML HLDG NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 81,455 shares; 2025Q1: 52,187 shares; 2025Q2: 90,730 shares; 2025Q3: 92,352 shares 92,352$89.4M6.43%+1,622Timeline
MIRMIRION TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,598,763 shares 3,598,763$83.7M6.02%newTimeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,134,980 shares; 2025Q1: 1,070,853 shares; 2025Q2: 969,003 shares; 2025Q3: 841,939 shares 841,939$82.5M5.93%-127,064Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 521,074 shares; 2025Q1: 310,673 shares; 2025Q2: 230,958 shares; 2025Q3: 213,975 shares 213,975$73M5.25%-16,983Timeline
LOWLOWES COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 502,276 shares; 2025Q1: 419,163 shares; 2025Q2: 356,030 shares; 2025Q3: 270,149 shares 270,149$67.9M4.88%-85,881Timeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 194,233 shares; 2025Q2: 336,885 shares; 2025Q3: 144,813 shares 144,813$61.6M4.43%-192,072Timeline
ABNBAIRBNB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 553,703 shares; 2025Q1: 562,525 shares; 2025Q2: 484,784 shares; 2025Q3: 493,451 shares 493,451$59.9M4.31%+8,667Timeline
FLUTFLUTTER ENTMT PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 106,198 shares; 2025Q1: 231,120 shares; 2025Q2: 289,455 shares; 2025Q3: 235,362 shares 235,362$59.8M4.3%-54,093Timeline
GRABGRAB HOLDINGS LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 9,662,752 shares 9,662,752$58.2M4.18%newTimeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 127,979 shares; 2025Q1: 110,188 shares; 2025Q2: 109,214 shares; 2025Q3: 101,184 shares 101,184$57.6M4.14%-8,030Timeline
PLNTPLANET FITNESS MASTER ISSUERQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,069,283 shares; 2025Q1: 761,455 shares; 2025Q2: 540,979 shares; 2025Q3: 548,040 shares 548,040$56.9M4.09%+7,061Timeline
EQTEQT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,098,617 shares; 2025Q1: 1,747,087 shares; 2025Q2: 1,231,711 shares; 2025Q3: 1,033,275 shares 1,033,275$56.2M4.04%-198,436Timeline
CPNGCOUPANG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 2,768,663 shares; 2025Q1: 3,049,882 shares; 2025Q2: 2,206,297 shares; 2025Q3: 1,656,867 shares 1,656,867$53.4M3.84%-549,430Timeline
TEAMATLASSIAN CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 243,585 shares; 2025Q3: 305,032 shares 305,032$48.7M3.5%+61,447Timeline
CRHCRH PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,166,816 shares; 2025Q1: 954,082 shares; 2025Q2: 879,163 shares; 2025Q3: 394,350 shares 394,350$47.3M3.4%-484,813Timeline
ENTGENTEGRIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 506,222 shares 506,222$46.8M3.37%newTimeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 89,471 shares; 2025Q3: 77,514 shares 77,514$40.1M2.89%-11,957Timeline
WINGWINGSTOP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 271,927 shares; 2025Q2: 186,811 shares; 2025Q3: 158,465 shares 158,465$39.9M2.87%-28,346Timeline
EXEEXPAND ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 347,105 shares; 2025Q1: 403,995 shares; 2025Q2: 372,278 shares; 2025Q3: 374,239 shares 374,239$39.8M2.86%+1,961Timeline
HDBHDFC BANK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 952,645 shares; 2025Q1: 954,614 shares; 2025Q2: 665,970 shares; 2025Q3: 736,895 shares 736,895$25.2M1.81%+70,925Timeline
TYLTYLER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 47,504 shares; 2025Q3: 47,983 shares 47,983$25.1M1.81%+479Timeline
RTORENTOKIL INITIAL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 79,590 shares; 2025Q3: 338,678 shares 338,678$8.55M0.61%+259,088Timeline
IBNICICI BK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 115,114 shares; 2025Q2: 115,114 shares; 2025Q3: 115,114 shares 115,114$3.48M0.25%0Timeline

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
IDXXIDEXX LABS INC114,459$61.4Mshares
KLACKLA CORP29,089$26.1Mshares
MLMMARTIN MARIETTA MATLS INC39,913$21.9Mshares
IRDMIRIDIUM COMMUNICATIONS INC525,700$15.9Mput
SAMBOSTON BEER INC30,000$5.72Mput

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 0001172661-25-004816 base2025-11-14acceptance time not in the bulk data set