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Hedge fund

Tremblant Capital Group

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1353312

Reported value
$3.5bn
100% in companies we cover
Positions we cover
58
Largest VRNS 4.5%
Copy, a year
+14.9%
S&P 500 +14.1%
Copy Sharpe ratio
0.67
S&P 500 0.78

How copying its 13F would have done

$10.0k$20.0k$40.0k$80.0k 2013201520172019202120232025 $62.8k$57.0k
CopyS&P 500 $10,000 copying Tremblant Capital Group's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −41.1% (S&P 500 −31.8%); beta 1.12; alpha +0.1% a year (t = 0.04); last 12 months −12.2% against +12.1%.

Reported value by quarter

Tremblant Capital Group: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $500B $1T $1.5T Reported value, 2013-06-30: $1.7B Reported value, 2013-09-30: $2.1B Reported value, 2013-12-31: $2.3B Reported value, 2014-03-31: $2.2B Reported value, 2014-06-30: $2B Reported value, 2014-09-30: $1.8B Reported value, 2014-12-31: $1.5B Reported value, 2015-03-31: $1.2B Reported value, 2015-06-30: $1.3B Reported value, 2015-09-30: $1.3B Reported value, 2015-12-31: $1.2B Reported value, 2016-03-31: $1.2B Reported value, 2016-06-30: $1.2B Reported value, 2016-09-30: $1.3B Reported value, 2016-12-31: $1.1B Reported value, 2017-03-31: $1.1B Reported value, 2017-06-30: $1.2B Reported value, 2017-09-30: $1.5B Reported value, 2017-12-31: $1.4B Reported value, 2018-03-31: $1.4B Reported value, 2018-06-30: $1.5B Reported value, 2018-09-30: $1.8B Reported value, 2018-12-31: $1.4B Reported value, 2019-03-31: $1.6B Reported value, 2019-06-30: $1.5B Reported value, 2019-09-30: $1.7B Reported value, 2019-12-31: $1.8B Reported value, 2020-03-31: $1.5B Reported value, 2020-06-30: $2.2B Reported value, 2020-09-30: $2.4B Reported value, 2020-12-31: $3.1B Reported value, 2021-03-31: $3B Reported value, 2021-06-30: $3.2B Reported value, 2021-09-30: $2.9B Reported value, 2021-12-31: $2.8B Reported value, 2022-03-31: $2.6B Reported value, 2022-06-30: $1.7B Reported value, 2022-09-30: $1.6B Reported value, 2022-12-31: $1.1T Reported value, 2023-03-31: $888.7M Reported value, 2023-06-30: $900.2M Reported value, 2023-09-30: $833M Reported value, 2023-12-31: $875M Reported value, 2024-03-31: $889.7M Reported value, 2024-06-30: $877.9M Reported value, 2024-09-30: $885.3M Reported value, 2024-12-31: $953.1M Reported value, 2025-03-31: $815.9M Reported value, 2025-06-30: $1B Reported value, 2025-09-30: $969M Reported value, 2025-12-31: $3.9B Reported value, 2026-03-31: $3.1B Reported value, 2026-06-30: $3.5B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $3.5B
View chart data
Period Reported value
2013-06-30 $1.7B
2013-09-30 $2.1B
2013-12-31 $2.3B
2014-03-31 $2.2B
2014-06-30 $2B
2014-09-30 $1.8B
2014-12-31 $1.5B
2015-03-31 $1.2B
2015-06-30 $1.3B
2015-09-30 $1.3B
2015-12-31 $1.2B
2016-03-31 $1.2B
2016-06-30 $1.2B
2016-09-30 $1.3B
2016-12-31 $1.1B
2017-03-31 $1.1B
2017-06-30 $1.2B
2017-09-30 $1.5B
2017-12-31 $1.4B
2018-03-31 $1.4B
2018-06-30 $1.5B
2018-09-30 $1.8B
2018-12-31 $1.4B
2019-03-31 $1.6B
2019-06-30 $1.5B
2019-09-30 $1.7B
2019-12-31 $1.8B
2020-03-31 $1.5B
2020-06-30 $2.2B
2020-09-30 $2.4B
2020-12-31 $3.1B
2021-03-31 $3B
2021-06-30 $3.2B
2021-09-30 $2.9B
2021-12-31 $2.8B
2022-03-31 $2.6B
2022-06-30 $1.7B
2022-09-30 $1.6B
2022-12-31 $1.1T
2023-03-31 $888.7M
2023-06-30 $900.2M
2023-09-30 $833M
2023-12-31 $875M
2024-03-31 $889.7M
2024-06-30 $877.9M
2024-09-30 $885.3M
2024-12-31 $953.1M
2025-03-31 $815.9M
2025-06-30 $1B
2025-09-30 $969M
2025-12-31 $3.9B
2026-03-31 $3.1B
2026-06-30 $3.5B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
VRNSVaronis Systems Inc4.52%$157.3m3.75M+4.8% Added
SMTCSemtech Corp4.12%$143.6m887.3KNew
LYVLive Nation Entertainment3.90%$135.8m741.9K−1.8% Reduced
SPOTSpotify Technology S.a.3.87%$134.7m293.3K+4.6% Added
MKSIMKS Inc3.77%$131.4m295.4K−10.4% Reduced
DASHDoorDash3.56%$124.1m672.3K−0.7% Reduced
CPNGCoupang, Inc.3.47%$120.7m6.95M+40.8% Added
AFRMAffirm Holdings, Inc.3.43%$119.4m1.46M+4.8% Added
FORMFormfactor Inc3.28%$114.1m713.5KNew
BEBloom Energy3.19%$111.1m366.9K−32.7% Reduced
TKOTKO Group Holdings3.13%$108.9m541.0K−9.6% Reduced
RDDTReddit, Inc.2.99%$104.2m600.3K+4.6% Added
MDBMongodb, Inc.2.93%$102.0m303.5K+13.5% Added
WINGWingstop Inc.2.72%$94.8m546.6K+14.6% Added
NETCloudflare, Inc.2.71%$94.4m385.0K+30.9% Added
QTWOQ2 Holdings, Inc.2.54%$88.6m1.84M+8.2% Added
HWMHowmet Aerospace2.51%$87.4m325.0K−8.2% Reduced
GRABGrab Holdings Ltd2.50%$86.9m23.05M−5.4% Reduced
LITELumentum2.38%$82.8m96.5K−36.8% Reduced
CMGChipotle Mexican Grill2.27%$78.9m2.32M0.0%
WHWyndham Hotels & Resorts, Inc.2.22%$77.4m919.1K−9.2% Reduced
TLNTalen Energy Corp2.18%$76.0m197.7K+25.5% Added
RKLBRocket Lab Corp1.97%$68.7m676.1K−10.3% Reduced
WABWabtec1.96%$68.2m252.8K−5.6% Reduced
CORCencora1.93%$67.2m237.5K+11.2% Added
FTAIFTAI Aviation Ltd.1.81%$63.1m233.4K−0.8% Reduced
EMEEmcor1.60%$55.8m67.3K−1.7% Reduced
TRGPTarga Resources1.51%$52.5m195.8K−1.7% Reduced
FCFSFirstcash Holdings, Inc.1.26%$43.9m203.1K+45.7% Added
CVNACarvana1.19%$41.5m631.0K+391.5% Added
BWXTBWX Technologies, Inc.1.17%$40.6m208.5K−18.4% Reduced
ROKURoku, Inc1.12%$39.1m283.0K−70.6% Reduced
SBUXStarbucks1.11%$38.8m379.5K−33.1% Reduced
VLOValero Energy1.04%$36.2m139.2K−1.7% Reduced
DDOGDatadog, Inc.1.00%$34.9m134.0KNew
MNDYMonday.com Ltd.0.97%$33.7m464.9K+182.5% Added
IDXXIdexx Laboratories0.96%$33.4m63.4K−1.7% Reduced
NCLHNorwegian Cruise Line Holdings0.92%$31.9m1.51M−41.8% Reduced
GHGuardant Health, Inc.0.85%$29.7m197.8KNew
UBERUber0.83%$28.9m400.6K−69.4% Reduced
SOFISoFi Technologies, Inc.0.81%$28.3m1.58M−1.7% Reduced
ALNYAlnylam Pharmaceuticals, Inc.0.80%$28.0m92.9K−1.7% Reduced
ONDSOndas Inc.0.80%$27.7m3.37MNew
DISThe Walt Disney Company0.75%$26.1m271.2K+3.0% Added
PODDInsulet Corporation0.68%$23.8m156.1K+45.6% Added
MELIMercadolibre Inc0.65%$22.7m13.4K−0.3%
ATECAlphatec Holdings, Inc.0.64%$22.3m2.58M+17.6% Added
AMZNAmazon0.61%$21.1m88.7K−21.1% Reduced
NTRANatera, Inc.0.55%$19.3m71.0KNew
INSMInsmed Inc0.52%$18.2m170.7K−1.7% Reduced
SHOPShopify Inc.0.51%$17.8m155.6K+12.4% Added
NRGNRG Energy0.44%$15.2m104.0KNew
MTCHMatch Group, Inc.0.21%$7.3m193.0K+1.4% Added
CSGPCoStar Group0.19%$6.5m228.5K−84.8% Reduced
EVREvercore Inc.0.13%$4.7m13.7K+1.4% Added
DKNGDraftkings Inc.0.13%$4.6m183.7K+1.4% Added
PGRProgressive Corporation0.13%$4.5m20.7K+1.4% Added
RCLRoyal Caribbean Group0.04%$1.3m4.1K−98.3% Reduced
CompanyBought (value)Shares
SMTCSemtech Corp$143.6m887.3K
FORMFormfactor Inc$114.1m713.5K
CPNGCoupang, Inc.$35.0m2.01M
DDOGDatadog, Inc.$34.9m134.0K
CVNACarvana$33.1m502.6K
GHGuardant Health, Inc.$29.7m197.8K
ONDSOndas Inc.$27.7m3.37M
NETCloudflare, Inc.$22.3m90.8K
MNDYMonday.com Ltd.$21.7m300.3K
NTRANatera, Inc.$19.3m71.0K
TLNTalen Energy Corp$15.4m40.2K
NRGNRG Energy$15.2m104.0K
FCFSFirstcash Holdings, Inc.$13.8m63.7K
MDBMongodb, Inc.$12.1m36.1K
WINGWingstop Inc.$12.0m69.5K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
ROKURoku, Inc−$93.7m−678.2K
PANWPalo Alto Networks−$80.9m−504.7K
RCLRoyal Caribbean Group−$75.5m−237.8K
UBERUber−$65.5m−907.4K
BEBloom Energy−$54.0m−178.3K
ROLRollins, Inc.−$50.7m−950.0K
LITELumentum−$48.3m−56.2K
CSGPCoStar Group−$36.2m−1.28M
AXONAxon Enterprise−$35.6m−83.7K
NCNONcino, Inc.−$27.6m−1.85M
NCLHNorwegian Cruise Line Holdings−$22.9m−1.08M
SBUXStarbucks−$19.2m−187.9K
MKSIMKS Inc−$15.3m−34.4K
TKOTKO Group Holdings−$11.5m−57.3K
BWXTBWX Technologies, Inc.−$9.1m−46.9K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
PANWPalo Alto Networks$80.9m504.7K
ROLRollins, Inc.$50.7m950.0K
AXONAxon Enterprise$35.6m83.7K
NCNONcino, Inc.$27.6m1.85M
LIONLionsgate Studios Corp.$6.7m695.2K
  • Technology32.0%
  • Consumer Discretionary18.2%
  • Communication Services16.0%
  • Industrials15.7%
  • Health Care6.9%
  • Financials5.8%
  • Utilities2.6%
  • Energy2.5%
  • Real Estate0.2%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 16, 2013 to November 2, 2026+14.9%+14.1%0.670.78−41.1%1.12
2018 onwardsJanuary 5, 2018 to November 2, 2026+11.9%+13.9%0.480.66−41.1%1.13
Last three yearsNovember 3, 2023 to November 2, 2026+10.2%+21.8%0.361.16−26.8%1.19
Last yearNovember 7, 2025 to November 2, 2026−8.3%+14.2%−0.450.84−21.3%1.36

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.