FERNBRIDGE CAPITAL MANAGEMENT LP Diversified Active

CIK: 0001827734 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $2,035,904 (100.0% shares, 0.0% debt)

Holdings (20)

New Positions (1)

XYZ BLOCK INC 1.4%

Value ($000) $28,367 Shares 435,815 Est. Cost $68.98 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XYZ	BLOCK INC	435,815	$28,367	1.4%	$68.98	0.0%	CL A	852234103

Increased Positions (14)

TTEK TETRA TECH INC NEW 5.1%

Value ($000) $102,862 (+203.4%) Shares 3,066,841 (+202.0%) Est. Cost $33.72 Unrealized +0.3%

NFLX NETFLIX INC 0.5%

Value ($000) $10,255 (-80.1%) Shares 109,370 (+154.9%) Est. Cost $113.40 Unrealized -4.9%

CNM CORE & MAIN INC 3.9%

Value ($000) $80,372 (+97.3%) Shares 1,546,500 (+104.4%) Est. Cost $52.72 Unrealized -2.7%

WDAY WORKDAY INC 14.8%

Value ($000) $302,013 (-9.2%) Shares 1,406,150 (+1.7%) Est. Cost $240.53 Unrealized -5.5%

AMZN AMAZON COM INC 10.9%

Value ($000) $221,829 (+15.7%) Shares 961,047 (+10.0%) Est. Cost $178.39 Unrealized +28.3%

V VISA INC 4.2%

Value ($000) $84,804 (+40.2%) Shares 241,807 (+36.5%) Est. Cost $344.63 Unrealized -1.2%

TMUS T-MOBILE US INC 2.1%

Value ($000) $42,910 (+106.1%) Shares 211,337 (+143.0%) Est. Cost $223.73 Unrealized -5.5%

COF CAPITAL ONE FINL CORP 3.0%

Value ($000) $61,685 (+41.1%) Shares 254,517 (+23.7%) Est. Cost $196.61 Unrealized +13.0%

TSM TAIWAN SEMICONDUCTOR MFG LTD 2.7%

Value ($000) $54,822 (+38.0%) Shares 180,401 (+26.8%) Est. Cost $207.68 Unrealized —

INTU INTUIT 3.1%

Value ($000) $62,480 (+16.4%) Shares 94,321 (+20.0%) Est. Cost $605.18 Unrealized +9.2%

PTC PTC INC 10.5%

Value ($000) $213,491 (-3.8%) Shares 1,225,478 (+12.1%) Est. Cost $158.68 Unrealized +17.1%

XYL XYLEM INC 2.2%

Value ($000) $45,025 (+8.0%) Shares 330,627 (+16.9%) Est. Cost $138.86 Unrealized +3.4%

SPOT SPOTIFY TECHNOLOGY S A 2.1%

Value ($000) $43,745 (+6.0%) Shares 75,330 (+27.4%) Est. Cost $569.08 Unrealized +9.8%

LPX LOUISIANA PAC CORP 3.6%

Value ($000) $72,688 (-0.3%) Shares 900,048 (+9.7%) Est. Cost $90.81 Unrealized -7.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TTEK	TETRA TECH INC NEW	3,066,841 (+202.0%)	$102,862 (+203.4%)	5.1%	$33.72	+0.3%	COM	88162G103
NFLX	NETFLIX INC	109,370 (+154.9%)	$10,255 (-80.1%)	0.5%	$113.40	-4.9%	COM	64110L106
CNM	CORE & MAIN INC	1,546,500 (+104.4%)	$80,372 (+97.3%)	3.9%	$52.72	-2.7%	CL A	21874C102
WDAY	WORKDAY INC	1,406,150 (+1.7%)	$302,013 (-9.2%)	14.8%	$240.53	-5.5%	CL A	98138H101
AMZN	AMAZON COM INC	961,047 (+10.0%)	$221,829 (+15.7%)	10.9%	$178.39	+28.3%	COM	023135106
V	VISA INC	241,807 (+36.5%)	$84,804 (+40.2%)	4.2%	$344.63	-1.2%	COM CL A	92826C839
TMUS	T-MOBILE US INC	211,337 (+143.0%)	$42,910 (+106.1%)	2.1%	$223.73	-5.5%	COM	872590104
COF	CAPITAL ONE FINL CORP	254,517 (+23.7%)	$61,685 (+41.1%)	3.0%	$196.61	+13.0%	COM	14040H105
TSM	TAIWAN SEMICONDUCTOR MFG LTD	180,401 (+26.8%)	$54,822 (+38.0%)	2.7%	$207.68	—	SPONSORED ADS	874039100
INTU	INTUIT	94,321 (+20.0%)	$62,480 (+16.4%)	3.1%	$605.18	+9.2%	COM	461202103
PTC	PTC INC	1,225,478 (+12.1%)	$213,491 (-3.8%)	10.5%	$158.68	+17.1%	COM	69370C100
XYL	XYLEM INC	330,627 (+16.9%)	$45,025 (+8.0%)	2.2%	$138.86	+3.4%	COM	98419M100
SPOT	SPOTIFY TECHNOLOGY S A	75,330 (+27.4%)	$43,745 (+6.0%)	2.1%	$569.08	+9.8%	SHS	L8681T102
LPX	LOUISIANA PAC CORP	900,048 (+9.7%)	$72,688 (-0.3%)	3.6%	$90.81	-7.0%	COM	546347105

Exited Positions (5)

VMC VULCAN MATLS CO 3.5%

Value ($000) $71,542 Shares 232,566 Est. Cost $264.40 Unrealized +10.9%

FLUT FLUTTER ENTMT PLC 2.2%

Value ($000) $45,359 Shares 178,577 Est. Cost $259.01 Unrealized -13.2%

CHTR CHARTER COMMUNICATIONS INC N 1.2%

Value ($000) $25,279 Shares 91,887 Est. Cost $302.19 Unrealized -25.6%

GOOGL ALPHABET INC 1.0%

Value ($000) $20,973 Shares 86,275 Est. Cost $209.20 Unrealized +36.5%

DKNG DRAFTKINGS INC NEW 0.5%

Value ($000) $10,467 Shares 279,860 Est. Cost $44.34 Unrealized -25.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VMC	VULCAN MATLS CO	232,566	$71,542	3.5%	$264.40	+10.9%	—	929160109
FLUT	FLUTTER ENTMT PLC	178,577	$45,359	2.2%	$259.01	-13.2%	—	G3643J108
CHTR	CHARTER COMMUNICATIONS INC N	91,887	$25,279	1.2%	$302.19	-25.6%	—	16119P108
GOOGL	ALPHABET INC	86,275	$20,973	1.0%	$209.20	+36.5%	—	02079K305
DKNG	DRAFTKINGS INC NEW	279,860	$10,467	0.5%	$44.34	-25.8%	—	26142V105

Decreased Positions (3)

LYV LIVE NATION ENTERTAINMENT IN 2.0%

Value ($000) $41,092 (-41.8%) Shares 288,367 (-33.2%) Est. Cost $114.13 Unrealized +25.9%

APP APPLOVIN CORP 1.4%

Value ($000) $28,455 (-46.6%) Shares 42,229 (-43.0%) Est. Cost $386.32 Unrealized +63.1%

UBER UBER TECHNOLOGIES INC 0.8%

Value ($000) $16,041 (-52.1%) Shares 196,312 (-42.6%) Est. Cost $83.89 Unrealized +7.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LYV	LIVE NATION ENTERTAINMENT IN	288,367 (-33.2%)	$41,092 (-41.8%)	2.0%	$114.13	+25.9%	COM	538034109
APP	APPLOVIN CORP	42,229 (-43.0%)	$28,455 (-46.6%)	1.4%	$386.32	+63.1%	COM CL A	03831W108
UBER	UBER TECHNOLOGIES INC	196,312 (-42.6%)	$16,041 (-52.1%)	0.8%	$83.89	+7.3%	COM	90353T100

Unchanged Positions (2)

CRM SALESFORCE INC 22.9%

Value ($000) $466,006 Shares 1,759,109 Est. Cost $257.88 Unrealized -3.8%

BKNG BOOKING HOLDINGS INC 2.8%

Value ($000) $56,965 Shares 10,637 Est. Cost $4141.46 Unrealized +24.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CRM	SALESFORCE INC	1,759,109	$466,006	22.9%	$257.88	-3.8%	COM	79466L302
BKNG	BOOKING HOLDINGS INC	10,637	$56,965	2.8%	$4141.46	+24.1%	COM	09857L108