SEC 13F Intelligence

Managers / Q2 2021 · view latest →

Two Creeks Capital Management, LP

CIK 0001606430 · 40 WEST 57TH STREET, 18TH FLOOR, NEW YORK, NY, 10019 · 212-373-1240

Reported Value
$1.8B
Q2 2021
Positions
16
Filings on Record
30
2019–present window
Filed
Aug 16, 2021
original filing

Summary

Two Creeks Capital Management, LP reported $1.8B in U.S.-listed holdings across 16 positions for Q2 2021.

Its largest position, V, represents 13.8% of the portfolio.

Compared with Q1 2021, the fund opened 2 new positions and exited 2.

Portfolio Metrics

Turnover
+5.2%
vs prior filed quarter
Top-10 Concentration
+82.4%
share of reported value
Largest Position
+13.8%
Visa
New / Exited
2 / 2
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.5BQ4 ’18Q1 ’19: $1.5BQ2 ’19: $1.6BQ3 ’19: $1.5BQ4 ’19: $1.5BQ4 ’19Q1 ’20: $1.2BQ2 ’20: $1.4BQ3 ’20: $1.5BQ4 ’20: $1.8BQ4 ’20Q1 ’21: $1.6BQ2 ’21: $1.8BQ3 ’21: $1.9BQ4 ’21: $2.0BQ4 ’21Q1 ’22: $1.8BQ2 ’22: $1.5BQ3 ’22: $1.4BQ4 ’22: $1.4BQ4 ’22Q1 ’23: $1.5BQ2 ’23: $1.7BQ3 ’23: $1.6BQ4 ’23: $1.6BQ4 ’23Q1 ’24: $1.7BQ2 ’24: $1.6BQ3 ’24: $1.5BQ4 ’24: $1.6BQ4 ’24Q1 ’25: $1.6BQ2 ’25: $1.5BQ3 ’25: $1.4BQ4 ’25: $1.2BQ4 ’25Q1 ’26: $974Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 75.1%ADR: 13.2%Other: 11.7%
  • Common Stock · 75.1% · $1.3B
  • ADR · 13.2% · $232M
  • Other · 11.7% · $205M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CLARIVATE PLCNEW+2.07M2.07M+$57M$57M
XP INCNEW+1.16M1.16M+$51M$51M
BPOPPOPULAR INCSOLD OUT−161.4K0−$11M$0
GSXGBPGSX TECHEDU INCSOLD OUT−61.9K0−$2M$0
VRSNVERISIGN INCTRIMMED−164.8K343.7K−$23M$78M
PTCPTC INCADDED+126.6K546.6K+$19M$77M
ADBEADOBE SYSTEMS INCORPORATEDTRIMMED−80.9K228.2K−$13M$134M
LOWLOWES COS INCTRIMMED−184.7K866.2K−$32M$168M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2021

15 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VVISA INChistory →COM CL A13.78%$242M1.04M
2FNDFLOOR & DECOR HLDGS INChistory →CL A13.49%$237M2.24M
3HDBHDFC BANK LTDhistory →SPONSORED ADS13.22%$232M3.18M
4LOWLOWES COS INChistory →COM9.56%$168M866.2K
5ADBEADOBE SYSTEMS INCORPORATEDhistory →COM7.60%$134M228.2K
6LIBERTY LATIN AMERICA LTDCOM CL C · COM CL A5.54%$97M6.91M
7BERYEURBERRY GLOBAL GROUP INChistory →COM5.37%$94M1.45M
8CB1ACONSTELLATION BRANDS INChistory →CL A5.36%$94M402.6K
9VRSNVERISIGN INChistory →COM4.45%$78M343.7K
10AZPNUSDASPEN TECHNOLOGY INChistory →COM4.40%$77M562.1K
11PTCPTC INChistory →COM4.39%$77M546.6K
12GOOGALPHABET INChistory →CAP STK CL C4.27%$75M29.9K
13CLARIVATE PLCORD SHS3.25%$57M2.07M
14XP INCCL A2.88%$51M1.16M
15S9QSPIRIT AEROSYSTEMS HLDGS INChistory →COM CL A2.45%$43M911.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$974M22May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.2B26Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.4B25Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.5B27Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.6B23May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.6B22Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.5B18Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.6B18Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.7B17May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.6B16Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.6B16Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.7B16Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.5B15May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.4B14Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.4B13Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.5B16Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.8B15May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.0B17Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.9B18Oct 26, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.8B16Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.6B16May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.8B16Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.5B17Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.4B17Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.2B17May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.5B20Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.5B20Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.6B20Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.5B21May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.5B22Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.