TREMBLANT CAPITAL GROUP

Fundamental diversified ★Signal CIK 1353312
League rank
#131
in Fundamental diversified · #589 overall
Long book
$3.11B
Q1 2026
Positions
57
Top-10 weight
33%
concentration
Last quarter
+20.2%
SPY +14.8%
Turnover
29%
of book per quarter

Strategy in plain words

auto-generated from filings

TREMBLANT CAPITAL GROUP is a diversified fundamental manager, running a $3.11B US long book across 57 positions.

The portfolio is moderately concentrated (top 10 ≈ 33% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: SPOTIFY TECHNOLOGY SA, TKO GROUP HOLDINGS INC, LIVE NATION ENTERTAINMENT IN, LUMENTUM HOLDINGS INC, DOORDASH INC - A.

Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-1.1%
Q2 2024
+8.4%
Q3 2024
+7.8%
Q4 2024
-2.8%
Q1 2025
+19.0%
Q2 2025
+1.4%
Q3 2025
-3.4%
Q4 2025
-13.6%
Q1 2026
+20.2%

Sector allocation

Services media
27%
Technology
22%
Industrials
17%
Consumer discretionary
14%
Communications
8%
Healthcare
3%
Utilities
3%
Financials
3%

Long book by quarter

$889.7M
Q1 2024
$877.9M
Q2 2024
$885.3M
Q3 2024
$953.1M
Q4 2024
$815.9M
Q1 2025
$1.03B
Q2 2025
$969.0M
Q3 2025
$3.92B
Q4 2025
$3.11B
Q1 2026

What does TREMBLANT CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
SPOT SPOTIFY TECHNOLOGY SACommunications280.4K$136.0M4.4%+16.2%
TKO TKO GROUP HOLDINGS INCServices media598.3K$120.6M3.9%-6.6%
LYV LIVE NATION ENTERTAINMENT INServices media755.2K$115.2M3.7%-3.8%
LITE LUMENTUM HOLDINGS INCTechnology152.7K$107.3M3.5%-48.8%
DASH DOORDASH INC - AServices media677.1K$101.7M3.3%+13.6%
UBER UBER TECHNOLOGIES INCServices media1.3M$94.1M3.0%+23.2%
CPNG COUPANG INCConsumer discretionary4.9M$93.2M3.0%+8.6%
ROKU ROKU INCCommunications961.2K$91.0M2.9%-2.9%
GRAB GRAB HOLDINGS LTD - CL AServices media24.4M$89.2M2.9%+10.1%
WH WYNDHAM HOTELS & RESORTS INCServices media1.0M$82.3M2.6%-1.9%
HWM HOWMET AEROSPACE INCIndustrials353.9K$81.6M2.6%-5.4%
PANW PALO ALTO NETWORKS INCTechnology504.7K$80.9M2.6%+1803.9%
QTWO Q2 HOLDINGS INCTechnology1.7M$80.6M2.6%-6.1%
RDDT REDDIT INC-CL ATechnology573.7K$77.3M2.5%+70.6%
VRNS VARONIS SYSTEMS INCTechnology3.6M$76.9M2.5%+2.0%
MKSI MKS INCTechnology329.8K$75.8M2.4%New
CMG CHIPOTLE MEXICAN GRILL INCConsumer discretionary2.3M$74.3M2.4%-14.5%
WING WINGSTOP INCConsumer discretionary477.1K$73.9M2.4%-3.2%
BE BLOOM ENERGY CORP- AIndustrials545.2K$73.9M2.4%+17.2%
COR CENCORA INCConsumer discretionary213.5K$67.1M2.2%+5.3%
WAB WABTEC CORPIndustrials267.9K$66.9M2.2%-10.2%
RCL ROYAL CARIBBEAN CRUISES LTDIndustrials241.9K$66.6M2.1%-20.4%
MDB MONGODB INCTechnology267.5K$65.5M2.1%+176.3%
AFRM AFFIRM HOLDINGS INCFinancials1.4M$64.0M2.1%+31.8%
CSGP COSTAR GROUP INCServices media1.5M$60.8M2.0%-7.9%
NET CLOUDFLARE INC - CLASS ATechnology294.2K$60.7M2.0%+57.2%
FTAI FTAI AVIATION LTDServices media235.3K$57.6M1.9%New
BWXT BWX TECHNOLOGIES INCIndustrials255.5K$52.2M1.7%-12.3%
SBUX STARBUCKS CORPConsumer discretionary567.4K$50.8M1.6%-1.1%
ROL ROLLINS INCServices media950.0K$50.7M1.6%-12.3%
EME EMCOR GROUP INCIndustrials68.4K$50.5M1.6%-1.1%
TLN TALEN ENERGY CORPUtilities157.6K$50.3M1.6%+30.3%
TRGP TARGA RESOURCES CORPUtilities199.2K$49.9M1.6%-1.1%
NCLH NORWEGIAN CRUISE LINE HOLDINIndustrials2.6M$48.6M1.6%New
RKLB ROCKET LAB CORPIndustrials753.8K$48.4M1.6%-1.1%
CVNA CARVANA COConsumer discretionary128.4K$40.4M1.3%-9.0%
IDXX IDEXX LABORATORIES INCMaterials64.5K$36.3M1.2%-1.1%
AXON AXON ENTERPRISE INCIndustrials83.7K$35.6M1.1%-11.1%
VLO VALERO ENERGY CORPEnergy141.6K$35.0M1.1%New
ALNY ALNYLAM PHARMACEUTICALS INCHealthcare94.6K$31.3M1.0%-14.1%
INSM INSMED INCHealthcare173.6K$28.4M0.9%-1.1%
NCNO NCINO INCTechnology1.8M$27.6M0.9%-47.8%
FCFS FIRSTCASH HOLDINGS INCConsumer discretionary139.4K$26.2M0.8%New
SOFI SOFI TECHNOLOGIES INCFinancials1.6M$25.5M0.8%-1.1%
DIS WALT DISNEY CO/THEServices media263.2K$25.4M0.8%-30.0%
ATEC ALPHATEC HOLDINGS INCHealthcare2.2M$23.8M0.8%+34.9%
AMZN AMAZON.COM INCConsumer discretionary112.3K$23.4M0.8%-1.9%
MELI MERCADOLIBRE INCServices media13.4K$23.2M0.7%-9.7%
PODD INSULET CORPHealthcare107.2K$22.5M0.7%-1.1%
SHOP SHOPIFY INC - CLASS ATechnology138.4K$16.4M0.5%-14.2%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202657$3.11B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202668$3.92B canonicalSEC ↗
Q3 202513F-HRNov 14, 202539$969.0M canonicalSEC ↗
Q2 202513F-HRAug 14, 202544$1.04B canonicalSEC ↗
Q1 202513F-HRMay 15, 202546$890.1M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202545$965.6M canonicalSEC ↗
Q3 202413F-HRNov 14, 202444$908.8M canonicalSEC ↗
Q2 202413F-HRAug 14, 202441$923.7M canonicalSEC ↗
Q1 202413F-HRMay 15, 202442$926.8M canonicalSEC ↗