Two Creeks Capital Management, LP Diversified Active

CIK: 0001606430 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $1,219,689 (100.0% shares, 0.0% debt)

Holdings (26)

New Positions (5)

DHR DANAHER CORPORATION 5.0%

Value ($000) $61,197 Shares 267,329 Est. Cost $219.54 Unrealized 0.0%

U UNITY SOFTWARE INC 3.9%

Value ($000) $46,987 Shares 1,063,773 Est. Cost $40.75 Unrealized 0.0%

DKNG DRAFTKINGS INC NEW 3.2%

Value ($000) $38,611 Shares 1,120,460 Est. Cost $32.89 Unrealized 0.0%

AMZN AMAZON COM INC 2.8%

Value ($000) $34,063 Shares 147,575 Est. Cost $228.79 Unrealized 0.0%

TSM TAIWAN SEMICONDUCTOR MFG LTD 2.4%

Value ($000) $28,903 Shares 95,110 Est. Cost $303.89 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DHR	DANAHER CORPORATION	267,329	$61,197	5.0%	$219.54	0.0%	COM	235851102
U	UNITY SOFTWARE INC	1,063,773	$46,987	3.9%	$40.75	0.0%	COM	91332U101
DKNG	DRAFTKINGS INC NEW	1,120,460	$38,611	3.2%	$32.89	0.0%	COM CL A	26142V105
AMZN	AMAZON COM INC	147,575	$34,063	2.8%	$228.79	0.0%	COM	023135106
TSM	TAIWAN SEMICONDUCTOR MFG LTD	95,110	$28,903	2.4%	$303.89	—	SPONSORED ADS	874039100

Increased Positions (4)

MSFT MICROSOFT CORP 4.1%

Value ($000) $50,287 (+25.3%) Shares 103,980 (+34.1%) Est. Cost $449.74 Unrealized +11.3%

V VISA INC 6.3%

Value ($000) $76,878 (+5.2%) Shares 219,206 (+2.4%) Est. Cost $143.45 Unrealized +137.3%

WING WINGSTOP INC 3.4%

Value ($000) $40,892 (+2.5%) Shares 171,462 (+8.2%) Est. Cost $259.16 Unrealized -4.4%

CPNG COUPANG INC 4.3%

Value ($000) $52,562 (-1.5%) Shares 2,228,146 (+34.5%) Est. Cost $20.88 Unrealized +36.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	103,980 (+34.1%)	$50,287 (+25.3%)	4.1%	$449.74	+11.3%	COM	594918104
V	VISA INC	219,206 (+2.4%)	$76,878 (+5.2%)	6.3%	$143.45	+137.3%	COM CL A	92826C839
WING	WINGSTOP INC	171,462 (+8.2%)	$40,892 (+2.5%)	3.4%	$259.16	-4.4%	COM	974155103
CPNG	COUPANG INC	2,228,146 (+34.5%)	$52,562 (-1.5%)	4.3%	$20.88	+36.3%	CL A	22266T109

Exited Positions (4)

FLUT FLUTTER ENTMT PLC 4.9%

Value ($000) $59,782 Shares 235,362 Est. Cost $253.86 Unrealized -11.4%

TEAM ATLASSIAN CORPORATION 4.0%

Value ($000) $48,714 Shares 305,032 Est. Cost $202.73 Unrealized -22.6%

CRH CRH PLC 3.9%

Value ($000) $47,283 Shares 394,350 Est. Cost $80.57 Unrealized +47.9%

TYL TYLER TECHNOLOGIES INC 2.1%

Value ($000) $25,103 Shares 47,983 Est. Cost $566.29 Unrealized -15.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FLUT	FLUTTER ENTMT PLC	235,362	$59,782	4.9%	$253.86	-11.4%	—	G3643J108
TEAM	ATLASSIAN CORPORATION	305,032	$48,714	4.0%	$202.73	-22.6%	—	049468101
CRH	CRH PLC	394,350	$47,283	3.9%	$80.57	+47.9%	—	G25508105
TYL	TYLER TECHNOLOGIES INC	47,983	$25,103	2.1%	$566.29	-15.9%	—	902252105

Decreased Positions (15)

ASML ASML HOLDING N V 4.6%

Value ($000) $56,301 (-37.0%) Shares 52,625 (-43.0%) Est. Cost $705.28 Unrealized —

CMG CHIPOTLE MEXICAN GRILL INC 5.4%

Value ($000) $65,310 (-31.4%) Shares 1,765,147 (-27.3%) Est. Cost $52.73 Unrealized -31.4%

FND FLOOR & DECOR HLDGS INC 6.9%

Value ($000) $83,634 (-24.4%) Shares 1,373,531 (-8.5%) Est. Cost $76.70 Unrealized -15.5%

UBER UBER TECHNOLOGIES INC 5.0%

Value ($000) $61,180 (-25.8%) Shares 748,748 (-11.1%) Est. Cost $71.41 Unrealized +26.1%

EQT EQT CORP 3.1%

Value ($000) $37,931 (-32.6%) Shares 707,665 (-31.5%) Est. Cost $44.34 Unrealized +26.6%

MIR MIRION TECHNOLOGIES INC 5.6%

Value ($000) $68,475 (-18.2%) Shares 2,923,802 (-18.8%) Est. Cost $21.62 Unrealized +15.4%

GRAB GRAB HOLDINGS LIMITED 3.6%

Value ($000) $44,318 (-23.8%) Shares 8,881,384 (-8.1%) Est. Cost $5.31 Unrealized +4.1%

ABNB AIRBNB INC 3.9%

Value ($000) $47,984 (-19.9%) Shares 353,550 (-28.4%) Est. Cost $122.10 Unrealized +2.0%

TLN TALEN ENERGY CORP 4.1%

Value ($000) $49,839 (-19.1%) Shares 132,962 (-8.2%) Est. Cost $225.52 Unrealized +72.4%

ENTG ENTEGRIS INC 3.0%

Value ($000) $36,347 (-22.3%) Shares 431,421 (-14.8%) Est. Cost $84.89 Unrealized +2.2%

LOW LOWES COS INC 4.8%

Value ($000) $58,073 (-14.5%) Shares 240,807 (-10.9%) Est. Cost $138.44 Unrealized +73.2%

PLNT PLANET FITNESS INC 4.1%

Value ($000) $50,027 (-12.1%) Shares 461,206 (-15.8%) Est. Cost $66.71 Unrealized +54.3%

MA MASTERCARD INCORPORATED 4.2%

Value ($000) $51,378 (-10.7%) Shares 89,998 (-11.1%) Est. Cost $369.67 Unrealized +51.2%

EXE EXPAND ENERGY CORPORATION 3.1%

Value ($000) $38,056 (-4.3%) Shares 344,837 (-7.9%) Est. Cost $90.90 Unrealized +21.7%

RTO RENTOKIL INITIAL PLC 0.8%

Value ($000) $9,862 (+15.3%) Shares 334,758 (-1.2%) Est. Cost $24.96 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ASML	ASML HOLDING N V	52,625 (-43.0%)	$56,301 (-37.0%)	4.6%	$705.28	—	N Y REGISTRY SHS	N07059210
CMG	CHIPOTLE MEXICAN GRILL INC	1,765,147 (-27.3%)	$65,310 (-31.4%)	5.4%	$52.73	-31.4%	COM	169656105
FND	FLOOR & DECOR HLDGS INC	1,373,531 (-8.5%)	$83,634 (-24.4%)	6.9%	$76.70	-15.5%	CL A	339750101
UBER	UBER TECHNOLOGIES INC	748,748 (-11.1%)	$61,180 (-25.8%)	5.0%	$71.41	+26.1%	COM	90353T100
EQT	EQT CORP	707,665 (-31.5%)	$37,931 (-32.6%)	3.1%	$44.34	+26.6%	COM	26884L109
MIR	MIRION TECHNOLOGIES INC	2,923,802 (-18.8%)	$68,475 (-18.2%)	5.6%	$21.62	+15.4%	COM CL A	60471A101
GRAB	GRAB HOLDINGS LIMITED	8,881,384 (-8.1%)	$44,318 (-23.8%)	3.6%	$5.31	+4.1%	CLASS A ORD	G4124C109
ABNB	AIRBNB INC	353,550 (-28.4%)	$47,984 (-19.9%)	3.9%	$122.10	+2.0%	COM CL A	009066101
TLN	TALEN ENERGY CORP	132,962 (-8.2%)	$49,839 (-19.1%)	4.1%	$225.52	+72.4%	COM	87422Q109
ENTG	ENTEGRIS INC	431,421 (-14.8%)	$36,347 (-22.3%)	3.0%	$84.89	+2.2%	COM	29362U104
LOW	LOWES COS INC	240,807 (-10.9%)	$58,073 (-14.5%)	4.8%	$138.44	+73.2%	COM	548661107
PLNT	PLANET FITNESS INC	461,206 (-15.8%)	$50,027 (-12.1%)	4.1%	$66.71	+54.3%	CL A	72703H101
MA	MASTERCARD INCORPORATED	89,998 (-11.1%)	$51,378 (-10.7%)	4.2%	$369.67	+51.2%	CL A	57636Q104
EXE	EXPAND ENERGY CORPORATION	344,837 (-7.9%)	$38,056 (-4.3%)	3.1%	$90.90	+21.7%	COM	165167735
RTO	RENTOKIL INITIAL PLC	334,758 (-1.2%)	$9,862 (+15.3%)	0.8%	$24.96	—	SPONSORED ADR	760125104

Unchanged Positions (2)

HDB HDFC BANK LTD 2.2%

Value ($000) $27,161 Shares 743,331 Est. Cost $55.36 Unrealized —

IBN ICICI BANK LIMITED 0.3%

Value ($000) $3,430 Shares 115,114 Est. Cost $31.52 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HDB	HDFC BANK LTD	743,331	$27,161	2.2%	$55.36	—	SPONSORED ADS	40415F101
IBN	ICICI BANK LIMITED	115,114	$3,430	0.3%	$31.52	—	ADR	45104G104