Shellback Capital, LP
Shellback Capital, LP is a hedge fund management firm headquartered in Boston, Massachusetts. Founded in 2013 by Douglas Gordon, Jonathan Hilsabeck, and Donald Jabro, all formerly of Vinik Asset Management, the firm specializes in long/short equity strategies across global markets. Shellback serves institutional and private fund clients, with a lean team of finance professionals focused on discretionary portfolio management. The firm has approximately 6 employees and manages over $1.6 billion in assets for 3 clients.
Investment Strategy
Shellback Capital employs a long/short equity strategy seeking capital appreciation primarily through investments in equity securities. The firm conducts fundamental research to identify mispriced opportunities and uses both long positions on attractive stocks and short positions to hedge risk or exploit overvalued securities. Concentrated holdings in their top 10 positions show a willingness to make high-conviction bets while managing portfolio risk through diversification and active risk controls. The strategy is designed for sophisticated investors seeking performance uncorrelated to traditional benchmarks.
Top Holdings
Equity Positions (104)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
U ULTA | ULTA BEAUTY INC | 4.30% | $64.6M | 138,020 | $435.32 | $467.82 | +$42.9M |
T TPR | TAPESTRY INC | 4.18% | $62.8M | 715,000 | $42.34 | $87.81 | +$7.6M |
D DOV | DOVER CORP | 3.70% | $55.5M | 303,023 | $180.56 | $183.23 | +$36.7M |
N NVDA | NVIDIA CORPORATION | 3.16% | $47.4M | 300,000 | $157.99 | $157.99 | +$47.4M |
V VRT | VERTIV HOLDINGS CO | 2.70% | $40.5M | 315,630 | $128.41 | $128.41 | +$40.5M |