Durable Capital

Q1 2026 13F · by Henry Ellenbogen, CIO

As of: Mar 31, 2026
Filed: May 15, 2026
US stock: $9.7B · prev $10.6B
Positions: 37 · prev 40
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%

Moves44 since the prior filing

+19.5 pp in · −18.8 pp out

New 8 +7.40 pp
Added 13 +12.08 pp
Trimmed 12 −7.77 pp
Exited 11 −11.03 pp

The book

Concentrated · behaves like 20 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 84% a year, about 1.2 years per position

Low
Moderate
High

Top 5 positions38% of US stock

Positions37 in this filing · 11 exited


RBCRBC Bearings Incorporated	12.72%	2,275,636	$1.2B	trimmed−3%	+2.77 pp	25 q
DASHDoorDash, Inc. Class A	6.61%	4,276,006	$642M	added+19%	−1.06 pp	6 q
MELIMercado Libre, Inc	6.24%	350,845	$607M	added+14%	+0.37 pp	5 q
APGAPi Group Corporation	6.16%	14,775,236	$599M	trimmed−2%	+0.72 pp	7 q
QQnity Electronics, Inc.	6.04%	5,088,108	$587M	added+82%	+3.88 pp	2 q
XPOXPO, Inc.	5.88%	2,935,934	$571M	trimmed−26%	+0.80 pp	6 q
FERGFerguson Enterprises Inc.	5.26%	2,191,975	$511M	added+40%	+1.97 pp	3 q
MDLNMedline Inc. Class A	3.33%	7,265,853	$323M	added+5%	+0.59 pp	2 q
CVNACarvana Co.	3.22%	995,741	$313M	added+8%	−0.47 pp	8 q
CLHClean Harbors, Inc	3.10%	1,050,973	$301M	added+26%	+1.25 pp	3 q
ULSUL Solutions Inc.	2.90%	3,291,516	$282M	added+28%	+0.99 pp	2 q
RKTRocket Companies, Inc.	2.83%	19,305,725	$275M	added+11%	−0.37 pp	3 q
FOURShift4 Payments, Inc.	2.78%	6,165,793	$270M	trimmed−7%	−1.16 pp	24 q
VSECVSE Corp	2.67%	1,404,771	$259M	added+60%	+1.23 pp	8 q
AFRMAffirm Holdings, Inc. Class A	2.66%	5,649,434	$259M	added+53%	+0.07 pp	7 q
IWMiShares Russell 2000 ETF	2.62%	1,027,614	$255M	added×10.6	+2.39 pp	2 q
PRVAPrivia Health Group, Inc.	2.56%	12,087,843	$249M	held	—	12 q
CPNGCoupang, Inc.	2.50%	12,866,806	$243M	trimmed−47%	−2.96 pp	9 q
OPCHOption Care Health, Inc.	2.49%	8,991,254	$242M	held	—	5 q
TECHBio-Techne Corp.	2.40%	4,456,017	$233M	added×2.1	+1.24 pp	3 q
WIXWIX.com Ltd.	1.89%	2,041,688	$184M	new	+1.89 pp	new
CRHCRH Public Limited Company	1.60%	1,477,777	$155M	new	+1.60 pp	new
YOUClear Secure, Inc.	1.48%	2,971,595	$144M	trimmed−14%	+0.33 pp	5 q
WRBYWarby Parker Inc.	1.39%	6,396,513	$135M	trimmed−13%	−0.12 pp	19 q
SHOPShopify Inc. Class A subordinate voting shares	1.19%	971,814	$115M	trimmed−52%	−1.92 pp	10 q
ENTGEntegris Inc	1.17%	971,701	$114M	new	+1.17 pp	new
FNFabrinet	1.16%	216,472	$113M	new	+1.16 pp	new
AYIAcuity Inc.	1.03%	355,729	$100M	trimmed−56%	−1.75 pp	7 q
CIGIColliers International Group Inc. Subordinate Voting Shares	0.91%	828,839	$89M	trimmed−75%	−3.78 pp	13 q
AITApplied Industrial Technologies, Inc.	0.81%	296,601	$79M	new	+0.81 pp	new
FLSFlowserve Corporation	0.72%	951,798	$70M	new	+0.72 pp	new
GSHDGoosehead Insurance, Inc. Class A	0.69%	1,562,969	$67M	held	—	4 q
ANDGAndersen Group Inc.	0.47%	1,670,485	$45M	held	—	2 q
RBLXRoblox Corporation	0.38%	646,429	$37M	trimmed−44%	−0.51 pp	6 q
AURAurora Innovation, Inc. Class A	0.06%	1,486,036	$6M	trimmed−78%	−0.19 pp	11 q
ESABESAB Corporation	0.03%	34,315	$3M	new	+0.03 pp	new
XMTRXometry, Inc. Class A	0.02%	55,405	$2M	new	+0.02 pp	new
VEEVVeeva Systems Inc.	—	−951,896	—	exited	−2.01 pp	—
DSGXDescartes Systems Group Inc	—	−1,710,202	—	exited	−1.42 pp	—
SRADSportradar Group AG Class A	—	−5,956,331	—	exited	−1.34 pp	—
TWLOTwilio Inc.	—	−962,089	—	exited	−1.29 pp	—
APPApplovin Corporation Class A	—	−163,405	—	exited	−1.04 pp	—
BKNGBooking Holdings Inc.	—	−18,274	—	exited	−0.93 pp	—
CBZCBIZ, Inc.	—	−1,631,969	—	exited	−0.78 pp	—
TOSTToast, Inc.	—	−2,299,023	—	exited	−0.77 pp	—
FSVFirstService Corporation	—	−436,598	—	exited	−0.64 pp	—
FIGFigma, Inc.	—	−1,727,263	—	exited	−0.61 pp	—
DUOLDuolingo, Inc. Class A	—	−119,181	—	exited	−0.20 pp	—