Durable Capital

Q3 2024 13F · by Henry Ellenbogen, CIO

As of: Sep 30, 2024
Filed: Nov 14, 2024
US stock: $13.7B · prev $12.2B
Positions: 48 · prev 49
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves57 since the prior filing

+17.6 pp in · −17.5 pp out

New 9 +8.48 pp
Added 20 +9.17 pp
Trimmed 18 −7.95 pp
Exited 10 −9.58 pp

The book

Focused · behaves like 30 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 61% a year, about 1.6 years per position

Low
Moderate
High

Top 5 positions27% of US stock

INTU Intuit Inc trimmed−1.24 pp trimmed−1.246.4%
DUOL Duolingo, Inc. Class A added+1.21 pp added+1.216.3%
RBC RBC Bearings Incorporated added+0.36 pp added+0.365.7%
ROP Roper Technologies, Inc. trimmed−1.28 pp trimmed−1.284.6%
CPNG Coupang, Inc. added+0.66 pp added+0.664.5%

Positions48 in this filing · 10 exited


INTUIntuit Inc	6.40%	1,409,157	$875M	trimmed−0%	−1.24 pp	19 q
DUOLDuolingo, Inc. Class A	6.25%	3,029,775	$854M	added+3%	+1.21 pp	13 q
RBCRBC Bearings Incorporated	5.66%	2,583,059	$773M	added+8%	+0.36 pp	19 q
ROPRoper Technologies, Inc.	4.59%	1,127,408	$627M	trimmed−11%	−1.28 pp	19 q
CPNGCoupang, Inc.	4.53%	25,216,154	$619M	added+12%	+0.66 pp	3 q
FSVFirstService Corporation	4.51%	3,381,236	$617M	trimmed−4%	+0.09 pp	19 q
BFAMBright Horizons Family Solutions Inc.	4.41%	4,303,241	$603M	trimmed−21%	−0.51 pp	7 q
HUBSHubspot, Inc.	3.97%	1,020,057	$542M	added+25%	0.00 pp	11 q
FOURShift4 Payments, Inc.	3.95%	6,100,963	$541M	added+23%	+0.96 pp	18 q
BKNGBooking Holdings Inc.	3.77%	122,407	$516M	trimmed−6%	−0.47 pp	8 q
TOSTToast, Inc.	3.37%	16,263,895	$460M	trimmed−11%	−0.47 pp	13 q
CIGIColliers International Group Inc. Subordinate Voting Shares	2.82%	2,541,741	$386M	added+19%	+0.86 pp	7 q
MOHMolina Healthcare, Inc.	2.64%	1,049,162	$361M	added+61%	+1.05 pp	11 q
CVNACarvana Co.	2.60%	2,038,986	$355M	added×2.4	+1.71 pp	2 q
DSGXDescartes Systems Group Inc	2.60%	3,455,887	$356M	held	—	19 q
DOCSDoximity, Inc.	2.49%	7,823,409	$341M	added+26%	+1.06 pp	4 q
WSTWest Pharmaceutical Services, Inc.	2.38%	1,085,919	$326M	added+4%	−0.43 pp	19 q
MNDYmonday.com Ltd.	2.21%	1,089,280	$303M	added+27%	+0.51 pp	2 q
ONONOn Holding AG	2.06%	5,618,322	$282M	new	+2.06 pp	new
IWMiShares Russell 2000 ETF	1.91%	1,181,911	$261M	new	+1.91 pp	new
VEEVVeeva Systems Inc.	1.91%	1,244,664	$261M	added+6%	+0.14 pp	5 q
SSNCSS&C Technologies Inc	1.77%	3,263,508	$242M	trimmed−12%	−0.14 pp	6 q
ODFLOld Dominion Freight Line	1.75%	1,203,120	$239M	added+13%	+0.21 pp	6 q
RHRh	1.63%	666,936	$223M	trimmed−25%	−0.15 pp	18 q
CPRTCopart Inc	1.62%	4,228,360	$222M	trimmed−13%	−0.54 pp	7 q
AVTRAvantor, Inc.	1.51%	7,992,098	$207M	added+32%	+0.46 pp	3 q
PRVAPrivia Health Group, Inc.	1.48%	11,109,588	$202M	added+22%	+0.18 pp	6 q
ENTGEntegris Inc	1.44%	1,745,006	$196M	added+44%	+0.10 pp	6 q
SHOPShopify Inc. Class A subordinate voting shares	1.24%	2,114,054	$169M	trimmed−24%	−0.28 pp	4 q
BIRKBirkenstock Holding plc	1.06%	2,950,092	$145M	trimmed−6%	−0.34 pp	4 q
ACHCAcadia Healthcare Company, Inc.	1.05%	2,255,059	$143M	added+2%	−0.18 pp	10 q
SGSweetgreen, Inc.	1.04%	4,004,906	$142M	new	+1.04 pp	new
WRBYWarby Parker Inc.	0.98%	8,177,028	$134M	added+19%	+0.08 pp	13 q
AFRMAffirm Holdings, Inc. Class A	0.89%	2,969,456	$121M	new	+0.89 pp	new
PTCPtc, Inc	0.89%	674,241	$122M	trimmed−5%	−0.17 pp	4 q
TTCToro Company (The)	0.86%	1,348,433	$117M	trimmed−28%	−0.58 pp	11 q
AYIAcuity Inc.	0.85%	420,429	$116M	new	+0.85 pp	new
MSCIMSCI, Inc.	0.77%	180,610	$105M	trimmed−43%	−0.48 pp	19 q
FNDFloor & Decor Holdings, Inc.	0.66%	724,851	$90M	new	+0.66 pp	new
OPCHOption Care Health, Inc.	0.55%	2,396,385	$75M	new	+0.55 pp	new
LFSTLifeStance Health Group, Inc.	0.53%	10,441,068	$73M	trimmed−16%	+0.03 pp	6 q
AURAurora Innovation, Inc. Class A	0.51%	11,770,680	$70M	trimmed−13%	+0.20 pp	5 q
ALHCAlignment Healthcare, Inc.	0.47%	5,476,828	$65M	added+38%	+0.21 pp	2 q
APGAPi Group Corporation	0.40%	1,670,071	$55M	new	+0.40 pp	new
YOUClear Secure, Inc.	0.32%	1,326,241	$44M	trimmed−12%	+0.09 pp	14 q
TEAMAtlassian Corporation Class A	0.31%	262,726	$42M	trimmed−81%	−1.71 pp	8 q
VSECVSE Corp	0.24%	392,144	$32M	added+28%	+0.02 pp	2 q
OSOneStream, Inc. Class A	0.12%	500,000	$17M	new	+0.12 pp	new
CHEChemed Corporation	—	−550,204	—	exited	−2.45 pp	—
JBHTJB Hunt Transport Services Inc	—	−1,096,496	—	exited	−1.44 pp	—
ROLRollins, Inc.	—	−3,415,400	—	exited	−1.37 pp	—
DDOGDatadog, Inc. Class A	—	−858,880	—	exited	−0.91 pp	—
IRIngersoll Rand Inc.	—	−1,201,176	—	exited	−0.90 pp	—
GGGGraco Inc	—	−1,182,481	—	exited	−0.77 pp	—
WCNWaste Connections, Inc.	—	−411,641	—	exited	−0.59 pp	—
SAIASaia, Inc.	—	−145,447	—	exited	−0.57 pp	—
SGRYSurgery Partners, Inc.	—	−2,881,227	—	exited	−0.56 pp	—
GSHDGoosehead Insurance, Inc. Class A	—	−38,256	—	exited	−0.02 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001798849-24-000012
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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