Foxhaven Asset Management, LP

Fundamental concentrated ★Highest signal CIK 1590531
League rank
#614
in Fundamental concentrated · #3545 overall
Long book
$3.19B
Q1 2026
Positions
14
Top-10 weight
88%
concentration
Last quarter
+11.8%
SPY +14.8%
Turnover
24%
of book per quarter

Strategy in plain words

auto-generated from filings

Foxhaven Asset Management, LP is a concentrated fundamental stock-picker, running a $3.19B US long book across 14 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: MERCADOLIBRE INC, AMAZON.COM INC, HILTON WORLDWIDE HOLDINGS IN, FERGUSON ENTERPRISES INC, ALPHABET INC-CL C.

Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+2.6%
Q2 2024
+9.7%
Q3 2024
+6.6%
Q4 2024
-6.6%
Q1 2025
+24.8%
Q2 2025
+3.9%
Q3 2025
-8.7%
Q4 2025
-14.5%
Q1 2026
+11.8%

Sector allocation

Services media
43%
Consumer discretionary
32%
Technology
15%
Financials
7%
Communications
3%

Long book by quarter

$3.71B
Q1 2024
$3.57B
Q2 2024
$3.57B
Q3 2024
$3.73B
Q4 2024
$3.29B
Q1 2025
$4.14B
Q2 2025
$4.00B
Q3 2025
$4.06B
Q4 2025
$3.19B
Q1 2026

What does Foxhaven Asset own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MELI MERCADOLIBRE INCServices media278.9K$482.3M15.1%-0.4%
AMZN AMAZON.COM INCConsumer discretionary2.0M$416.3M13.1%-21.6%
HLT HILTON WORLDWIDE HOLDINGS INServices media1.1M$324.4M10.2%-8.3%
FERG FERGUSON ENTERPRISES INCConsumer discretionary1.4M$320.6M10.1%-8.3%
GOOG ALPHABET INC-CL CTechnology1.0M$298.8M9.4%+24.0%
CPNG COUPANG INCConsumer discretionary14.8M$280.3M8.8%-13.7%
V VISA INC-CLASS A SHARESServices media763.8K$230.9M7.2%+39.0%
DASH DOORDASH INC - AServices media1.3M$201.8M6.3%+33.9%
NFLX NETFLIX INCServices media1.5M$140.9M4.4%+8.3%
RBLX ROBLOX CORP -CLASS ATechnology2.1M$120.5M3.8%-16.2%
NU NU HOLDINGS LTD/CAYMAN ISL-AFinancials8.1M$116.3M3.7%+18.7%
FWONK LIBERTY MEDIA CORP-FORMULA-CCommunications1.3M$107.9M3.4%New
AFRM AFFIRM HOLDINGS INCFinancials2.2M$101.1M3.2%+15.7%
AUR AURORA INNOVATION INCTechnology10.7M$44.2M1.4%-8.4%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202614$3.19B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202616$4.06B canonicalSEC ↗
Q3 202513F-HRNov 14, 202520$4.34B canonicalSEC ↗
Q2 202513F-HRAug 14, 202518$4.14B canonicalSEC ↗
Q1 202513F-HRMay 15, 202518$3.29B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202520$3.73B canonicalSEC ↗
Q3 202413F-HRNov 14, 202420$3.57B canonicalSEC ↗
Q2 202413F-HRAug 14, 202419$3.57B canonicalSEC ↗
Q1 202413F-HRMay 15, 202425$3.71B canonicalSEC ↗