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Two Creeks Capital Management, LP

CIK:0001606430
Hedge Fund
$2B AUM
27 holdings
New York, NY, United States
Founded:2013
15 employees
Latest filing:Jun 30, 2025

Two Creeks Capital Management, LP is a New York-based hedge fund firm founded in 2013. The firm manages assets for pooled investment vehicles with an exclusive focus on institutional investors. With approximately 15 employees (the majority are investors), the firm has established itself as a significant player in the hedge fund sector, managing multi-billion-dollar portfolios primarily for sophisticated institutional clients.

Investment Strategy

Two Creeks Capital Management employs a fundamental, research-intensive investment strategy focused predominantly on public equities, with an emphasis on U.S. and global markets. The firm constructs concentrated portfolios built on deep company-level analysis, often with a long-term perspective. The investment approach seeks to generate alpha through rigorous fundamental research, selective capital allocation, and active portfolio management, often favoring both growth and value opportunities within their investment universe. Two Creeks typically manages dedicated funds or vehicles for institutional investors seeking differentiated exposure to global equities.

Top Buys
T
TLNTALEN ENERGY CORP
+$59.2M
T
TEAMATLASSIAN CORPORATION
+$49.5M
M
MSFTMICROSOFT CORP
+$44.5M
A
ASMLASML HOLDING N V
+$38.1M
F
FLUTFLUTTER ENTMT PLC
+$31.5M
Top Sells
A
ADBEADOBE INC
-$80.6M
I
ICLRICON PLC
-$48.4M
K
KLACKLA CORP
-$39.3M
V
VVISA INC
-$26.9M
E
EQTEQT CORP
-$21.5M

Top Holdings

F
FNDFLOOR & DECOR HLDGS INC
+8.1%$123.0M
T
TLNTALEN ENERGY CORP
+6.4%$98.0M
U
UBERUBER TECHNOLOGIES INC
+5.9%$90.4M
F
FLUTFLUTTER ENTMT PLC
+5.4%$82.7M
V
VVISA INC
+5.4%$82.0M

Equity Positions (24)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
F
FND
FLOOR & DECOR HLDGS INC8.06%$123.0M1,619,457$71.90$75.96-$19.3M
T
TLN
TALEN ENERGY CORP6.42%$98.0M336,885$238.25$290.77+$59.2M
U
UBER
UBER TECHNOLOGIES INC5.92%$90.4M969,003$60.32$93.30+$12.4M
F
FLUT
FLUTTER ENTMT PLC5.42%$82.7M289,455$248.03$285.76+$31.5M
V
V
VISA INC5.37%$82.0M230,958$148.17$355.05-$26.9M

Options Positions (2)

TickerSecurityActionTypeNotional ValueContractsUnderlying PricePremium PaidChange (Contracts)Change (Value)
I
IRDM
IRIDIUM COMMUNICATIONS INCNew
Put
$15.9M5,257$30.17$30.17+5,257+$15.9M
S
SAM
BOSTON BEER INCNew
Put
$5.7M300$190.81$190.81+300+$5.7M

Industry Allocation

SERVICES-BUSINESS SERVICES, NEC
+15.3%
RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS
+13.2%
RETAIL-EATING PLACES
+9.3%
SERVICES-PREPACKAGED SOFTWARE
+8.0%
CRUDE PETROLEUM & NATURAL GAS
+7.6%