Gavilan Investment Partners LLC Long-Term Concentrated

CIK: 0001963404 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $416,352 (100.0% shares, 0.0% debt)

Holdings (13)

Increased Positions (4)

CVNA CARVANA CO 8.7%

Value ($000) $36,294 (+39.4%) Shares 86,000 (+24.6%) Est. Cost $360.40 Unrealized +3.1%

CPNG COUPANG INC 7.9%

Value ($000) $32,908 (-19.2%) Shares 1,395,000 (+10.3%) Est. Cost $19.36 Unrealized +46.9%

MELI MERCADOLIBRE INC 9.4%

Value ($000) $39,278 (+12.0%) Shares 19,500 (+30.0%) Est. Cost $1490.55 Unrealized +40.9%

MA MASTERCARD INCORPORATED 6.4%

Value ($000) $26,546 (+6.1%) Shares 46,500 (+5.7%) Est. Cost $352.39 Unrealized +58.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CVNA	CARVANA CO	86,000 (+24.6%)	$36,294 (+39.4%)	8.7%	$360.40	+3.1%	CL A	146869102
CPNG	COUPANG INC	1,395,000 (+10.3%)	$32,908 (-19.2%)	7.9%	$19.36	+46.9%	CL A	22266T109
MELI	MERCADOLIBRE INC	19,500 (+30.0%)	$39,278 (+12.0%)	9.4%	$1490.55	+40.9%	COM	58733R102
MA	MASTERCARD INCORPORATED	46,500 (+5.7%)	$26,546 (+6.1%)	6.4%	$352.39	+58.6%	CL A	57636Q104

Decreased Positions (4)

META META PLATFORMS INC 9.7%

Value ($000) $40,265 (-26.4%) Shares 61,000 (-18.1%) Est. Cost $142.51 Unrealized +368.3%

SHOP SHOPIFY INC 8.9%

Value ($000) $37,023 (-18.3%) Shares 230,000 (-24.6%) Est. Cost $52.02 Unrealized +208.7%

UBER UBER TECHNOLOGIES INC 4.5%

Value ($000) $18,793 (-30.2%) Shares 230,000 (-16.4%) Est. Cost $29.68 Unrealized +203.4%

ASML ASML HOLDING N V 8.0%

Value ($000) $33,166 (-9.8%) Shares 31,000 (-18.4%) Est. Cost $785.53 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	61,000 (-18.1%)	$40,265 (-26.4%)	9.7%	$142.51	+368.3%	CL A	30303M102
SHOP	SHOPIFY INC	230,000 (-24.6%)	$37,023 (-18.3%)	8.9%	$52.02	+208.7%	CL A SUB VTG SHS	82509L107
UBER	UBER TECHNOLOGIES INC	230,000 (-16.4%)	$18,793 (-30.2%)	4.5%	$29.68	+203.4%	COM	90353T100
ASML	ASML HOLDING N V	31,000 (-18.4%)	$33,166 (-9.8%)	8.0%	$785.53	—	N Y REGISTRY SHS	N07059210

Unchanged Positions (5)

SPOT SPOTIFY TECHNOLOGY S A 5.6%

Value ($000) $23,228 Shares 40,000 Est. Cost $92.33 Unrealized +577.1%

GWRE GUIDEWIRE SOFTWARE INC 5.6%

Value ($000) $23,116 Shares 115,000 Est. Cost $67.30 Unrealized +228.7%

AMZN AMAZON COM INC 12.8%

Value ($000) $53,089 Shares 230,000 Est. Cost $107.27 Unrealized +113.3%

V VISA INC 5.3%

Value ($000) $22,095 Shares 63,000 Est. Cost $210.67 Unrealized +61.6%

PCOR PROCORE TECHNOLOGIES INC 7.3%

Value ($000) $30,551 Shares 420,000 Est. Cost $64.46 Unrealized +14.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPOT	SPOTIFY TECHNOLOGY S A	40,000	$23,228	5.6%	$92.33	+577.1%	SHS	L8681T102
GWRE	GUIDEWIRE SOFTWARE INC	115,000	$23,116	5.6%	$67.30	+228.7%	COM	40171V100
AMZN	AMAZON COM INC	230,000	$53,089	12.8%	$107.27	+113.3%	COM	023135106
V	VISA INC	63,000	$22,095	5.3%	$210.67	+61.6%	COM CL A	92826C839
PCOR	PROCORE TECHNOLOGIES INC	420,000	$30,551	7.3%	$64.46	+14.7%	COM	74275K108