Q2 2026 13F · SEC CIK 1606430
Two Creeks Capital Management, LP
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $139.5M
- Reported positions
- 13
- Top holdings a year, 3 yrs
- +5.7%
- Average holding period
- 2.0 yrs
Two Creeks Capital Management, LP is a hedge fund that reported 13 positions worth $139.5M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Ishares Tr (ACWI, 65.6%), Floor & Decor Hldgs Inc (FND, 7.3%), Visa Inc (V, 5.3%). A portfolio copying its top holdings returned 5.7% a year over the last 3 years, against 20.4% for the S&P 500.
Two Creeks Capital Management, LP holdings all 13 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| ACWIIshares Tr | 65.6% | — | $91.6M |
| FNDFloor & Decor Hldgs Inc | 7.3% | -85.1% | $10.2M |
| VVisa Inc | 5.3% | -90.3% | $7.3M |
| TSMTaiwan Semiconductor Manufac | 4.0% | -93.6% | $5.5M |
| ASMLAsml Hldg NV | 3.6% | -92.3% | $5.0M |
| HDBHdfc Bank Ltd | 2.9% | -72.8% | $4.0M |
| TLNTalen Energy Corp | 2.9% | -95.4% | $4.0M |
| UBERUber Technologies Inc | 2.2% | -95.6% | $3.1M |
| CMGChipotle Mexican Grill Inc | 1.7% | -94.9% | $2.4M |
| UUnity Software Inc Com | 1.3% | -96.7% | $1.9M |
| WINGWingstop Inc | 1.3% | -93.9% | $1.8M |
| GRABGrab Holdings Limited | 1.0% | -95.7% | $1.5M |
| ABNBAirbnb Inc | 0.8% | -97.7% | $1.2M |
What Two Creeks Capital Management, LP bought and sold in Q2 2026, against Q1 2026.
New positions
- ACWI Ishares Tr65.6% of 13F
Added to
No position grew by more than 5%.
Reduced
- ABNB Airbnb Inc-97.7% shares
- U Unity Software Inc Com-96.7% shares
- GRAB Grab Holdings Limited-95.7% shares
- UBER Uber Technologies Inc-95.6% shares
- TLN Talen Energy Corp-95.4% shares
- CMG Chipotle Mexican Grill Inc-94.9% shares
- WING Wingstop Inc-93.9% shares
- TSM Taiwan Semiconductor Manufac-93.6% shares
Sold out
- DHR Danaher Corp Delwas 7.1%
- MSFT Microsoft Corpwas 6.2%
- ESE Esco Technologies Incwas 5.4%
- MIR Mirion Technologies Incwas 4.8%
- MA Mastercard Incorporatedwas 4.8%
- PLNT Planet Fitness Master Issuerwas 4.7%
- FCX Freeport Mcmoran Incwas 2.5%
- CNM Core & Main Incwas 2.1%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- -5.8% /yr
- S&P 500 +20.1%
- 3 years
- +5.7% /yr
- S&P 500 +20.4%
- 5 years
- +3.0% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $139.5M | 13 |
| Q1 2026 | $947.0M | 21 |
| Q4 2025 | $1.2B | 26 |
| Q3 2025 | $1.4B | 25 |
| Q2 2025 | $1.5B | 25 |
| Q1 2025 | $1.6B | 23 |
| Q4 2024 | $1.6B | 22 |
| Q3 2024 | $1.5B | 18 |
| Q2 2024 | $1.6B | 18 |
| Q1 2024 | $1.7B | 17 |
| Q4 2023 | $1.6B | 16 |
| Q3 2023 | $1.6B | 16 |
Questions about Two Creeks Capital Management, LP's portfolio
What stocks does Two Creeks Capital Management, LP own?
Two Creeks Capital Management, LP's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 13 positions worth $139.5M. The largest are Ishares Tr (ACWI) at 65.6%, Floor & Decor Hldgs Inc (FND) at 7.3%, Visa Inc (V) at 5.3%, Taiwan Semiconductor Manufac (TSM) at 4.0% and Asml Hldg NV (ASML) at 3.6%.
What did Two Creeks Capital Management, LP buy last quarter?
In Q2 2026, Two Creeks Capital Management, LP added a new position in Ishares Tr (ACWI), compared with its Q1 2026 filing.
What did Two Creeks Capital Management, LP sell last quarter?
In Q2 2026, Two Creeks Capital Management, LP sold all of Danaher Corp Del (DHR), sold all of Microsoft Corp (MSFT), sold all of Esco Technologies Inc (ESE), sold all of Mirion Technologies Inc (MIR), sold all of Mastercard Incorporated (MA), Airbnb Inc (ABNB) (-97.7% shares), Unity Software Inc Com (U) (-96.7% shares) and Grab Holdings Limited (GRAB) (-95.7% shares), compared with its Q1 2026 filing.
How has Two Creeks Capital Management, LP's portfolio performed?
A portfolio copying Two Creeks Capital Management, LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +5.7% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: -5.8% against +20.1%. Over 5 years: +3.0% a year against +11.6%.
When is Two Creeks Capital Management, LP's next 13F filing due?
13F filings are due 45 days after each quarter ends. Two Creeks Capital Management, LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.