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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 $1,219,688,781 across 26 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 52.06% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-26-000833

Period
2025-12-31
Reported value
$1.22B
Holdings
26
Top 10 weight
52.06%
New
5
Sold out
4

Largest buys vs the previous quarter

SecurityShares changeApprox. value
DHRnew+267,329$61.2M
Unew+1,063,773$47M
DKNGnew+1,120,460$38.6M
AMZNnew+147,575$34.1M
TSMnew+95,110$28.9M

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.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
FLUTexited-235,362-$59.8M
TEAMexited-305,032-$48.7M
CRHexited-394,350-$47.3M
ASMLreduced-39,727-$42.5M
TYLexited-47,983-$25.1M

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, Q4 2025

Share positions as resolved from 13F-HR 0001172661-26-000833, largest first. % of portfolio is the value over $1,219,688,781, 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; 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; 2025Q4: 1,373,531 shares 1,373,531$83.6M6.86%-126,847Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 521,074 shares; 2025Q1: 310,673 shares; 2025Q2: 230,958 shares; 2025Q3: 213,975 shares; 2025Q4: 219,206 shares 219,206$76.9M6.3%+5,231Timeline
MIRMIRION TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,598,763 shares; 2025Q4: 2,923,802 shares 2,923,802$68.5M5.61%-674,961Timeline
CMGCHIPOTLE MEXICAN GRILL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,765,147 shares 1,765,147$65.3M5.35%-663,836Timeline
DHRDANAHER CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 267,329 shares 267,329$61.2M5.02%newTimeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,134,980 shares; 2025Q1: 1,070,853 shares; 2025Q2: 969,003 shares; 2025Q3: 841,939 shares; 2025Q4: 748,748 shares 748,748$61.2M5.02%-93,191Timeline
LOWLOWES COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 502,276 shares; 2025Q1: 419,163 shares; 2025Q2: 356,030 shares; 2025Q3: 270,149 shares; 2025Q4: 240,807 shares 240,807$58.1M4.76%-29,342Timeline
ASMLASML HLDG NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 81,455 shares; 2025Q1: 52,187 shares; 2025Q2: 90,730 shares; 2025Q3: 92,352 shares; 2025Q4: 52,625 shares 52,625$56.3M4.62%-39,727Timeline
CPNGCOUPANG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 2,228,146 shares 2,228,146$52.6M4.31%+571,279Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 127,979 shares; 2025Q1: 110,188 shares; 2025Q2: 109,214 shares; 2025Q3: 101,184 shares; 2025Q4: 89,998 shares 89,998$51.4M4.21%-11,186Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 89,471 shares; 2025Q3: 77,514 shares; 2025Q4: 103,980 shares 103,980$50.3M4.12%+26,466Timeline
PLNTPLANET FITNESS MASTER ISSUERQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,069,283 shares; 2025Q1: 761,455 shares; 2025Q2: 540,979 shares; 2025Q3: 548,040 shares; 2025Q4: 461,206 shares 461,206$50M4.1%-86,834Timeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 194,233 shares; 2025Q2: 336,885 shares; 2025Q3: 144,813 shares; 2025Q4: 132,962 shares 132,962$49.8M4.09%-11,851Timeline
ABNBAIRBNB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 553,703 shares; 2025Q1: 562,525 shares; 2025Q2: 484,784 shares; 2025Q3: 493,451 shares; 2025Q4: 353,550 shares 353,550$48M3.93%-139,901Timeline
UUNITY SOFTWARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,063,773 shares 1,063,773$47M3.85%newTimeline
GRABGRAB HOLDINGS LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 9,662,752 shares; 2025Q4: 8,881,384 shares 8,881,384$44.3M3.63%-781,368Timeline
WINGWINGSTOP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 271,927 shares; 2025Q2: 186,811 shares; 2025Q3: 158,465 shares; 2025Q4: 171,462 shares 171,462$40.9M3.35%+12,997Timeline
DKNGDRAFTKINGS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,120,460 shares 1,120,460$38.6M3.17%newTimeline
EXEEXPAND ENERGY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 347,105 shares; 2025Q1: 403,995 shares; 2025Q2: 372,278 shares; 2025Q3: 374,239 shares; 2025Q4: 344,837 shares 344,837$38.1M3.12%-29,402Timeline
EQTEQT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 707,665 shares 707,665$37.9M3.11%-325,610Timeline
ENTGENTEGRIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 506,222 shares; 2025Q4: 431,421 shares 431,421$36.3M2.98%-74,801Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 147,575 shares 147,575$34.1M2.79%newTimeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 95,110 shares 95,110$28.9M2.37%newTimeline
HDBHDFC BANK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 952,645 shares; 2025Q1: 954,614 shares; 2025Q2: 665,970 shares; 2025Q3: 736,895 shares; 2025Q4: 743,331 shares 743,331$27.2M2.23%+6,436Timeline
RTORENTOKIL INITIAL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 79,590 shares; 2025Q3: 338,678 shares; 2025Q4: 334,758 shares 334,758$9.86M0.81%-3,920Timeline
IBNICICI BK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 115,114 shares; 2025Q2: 115,114 shares; 2025Q3: 115,114 shares; 2025Q4: 115,114 shares 115,114$3.43M0.28%0Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
FLUTFLUTTER ENTMT PLC235,362$59.8Mshares
TEAMATLASSIAN CORPORATION305,032$48.7Mshares
CRHCRH PLC394,350$47.3Mshares
TYLTYLER TECHNOLOGIES INC47,983$25.1Mshares

How Q4 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 0001172661-26-000833 base2026-02-17acceptance time not in the bulk data set