What Durable Capital Partners LP changed, 2019 to 2026
27 quarterly 13F filings, from Q4 2019 to Q2 2026, each read from the filing itself. A quarter is compared only with the quarter before it, so a quarter with no filing is a gap in the record, not a sale.
Reported book
$10.3bn
$3.2bn at Q4 2019
Positions
36
3 at Q4 2019
Top ten weight
59%
100% at Q4 2019
Typical quarterly turnover
about 14%
Estimated from share changes
- Q4 2019: $3.2bn
- Q1 2020: $4.9bn
- Q2 2020: $8.0bn
- Q3 2020: $9.1bn
- Q4 2020: $11.2bn
- Q1 2021: $11.8bn
- Q2 2021: $13.6bn
- Q3 2021: $13.2bn
- Q4 2021: $12.8bn
- Q1 2022: $11.4bn
- Q2 2022: $8.7bn
- Q3 2022: $9.1bn
- Q4 2022: $9.6bn
- Q1 2023: $10.6bn
- Q2 2023: $11.4bn
- Q3 2023: $10.9bn
- Q4 2023: $12.7bn
- Q1 2024: $12.9bn
- Q2 2024: $12.2bn
- Q3 2024: $13.7bn
- Q4 2024: $12.3bn
- Q1 2025: $11.2bn
- Q2 2025: $13.2bn
- Q3 2025: $13.5bn
- Q4 2025: $10.6bn
- Q1 2026: $9.7bn
- Q2 2026: $10.3bn
- Q4 2019: 100%
- Q1 2020: 75%
- Q2 2020: 44%
- Q3 2020: 43%
- Q4 2020: 42%
- Q1 2021: 44%
- Q2 2021: 44%
- Q3 2021: 41%
- Q4 2021: 44%
- Q1 2022: 44%
- Q2 2022: 50%
- Q3 2022: 52%
- Q4 2022: 48%
- Q1 2023: 50%
- Q2 2023: 47%
- Q3 2023: 51%
- Q4 2023: 50%
- Q1 2024: 48%
- Q2 2024: 49%
- Q3 2024: 48%
- Q4 2024: 48%
- Q1 2025: 44%
- Q2 2025: 46%
- Q3 2025: 44%
- Q4 2025: 55%
- Q1 2026: 59%
- Q2 2026: 59%
The positions that defined it
Every position that was ever among the 25 largest: when it first appeared, when it was largest, and where it stands in Q2 2026. The line is its reported value each quarter.
| Position | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| RBC Bearings Inc(RBC) | Q1 2020 | $1.2bnQ1 2026 | $1.1bn | |
| Doordash Inc(DASH)Class A | Q4 2020 | $811mQ4 2025 | $767m | |
| Qnity Electronics Inc(Q) | Q4 2025 | $744mQ2 2026 | $744m | |
| Ferguson Enterprises Inc(FERG)Common Stock New | Q1 2025 | $707mQ2 2026 | $707m | |
| Mercadolibre Inc(MELI) | Q1 2025 | $620mQ4 2025 | $524m | |
| Api Group Corp(APG) | Q3 2024 | $599mQ1 2026 | $514m | |
| Xpo Inc(XPO) | Q4 2024 | $571mQ1 2026 | $498m | |
| Carvana Co(CVNA)Class A | Q2 2024 | $442mQ2 2026 | $442m | |
| Madison Air Solutions Corp(MAIR)Common Shares Class A | Q2 2026 | $398mQ2 2026 | $398m | |
| Twilio Inc(TWLO)Class A | Q1 2020 | $381mQ2 2026 | $381m | |
| Affirm HLDGS Inc(AFRM)Common Class A | Q1 2021 | $511mQ2 2025 | $361m | |
| Fabrinet(FN) | Q1 2026 | $339mQ2 2026 | $339m | |
| Spdr S&P 500 Etf Trust(SPY) | Q4 2019 | $2.5bnQ4 2019 | Soldlast listed Q1 2024 | |
| Intuit(INTU) | Q1 2020 | $931mQ2 2024 | Soldlast listed Q3 2025 | |
| Duolingo Inc(DUOL)Class A Common | Q3 2021 | $854mQ3 2024 | Soldlast listed Q4 2025 | |
| Shopify Inc(SHOP)Class A | Q2 2020 | $850mQ2 2021 | Soldlast listed Q1 2025 | |
| Roper Technologies Inc(ROP) | Q1 2020 | $816mQ3 2023 | Soldlast listed Q3 2025 | |
| Boston Beer Inc(SAM)Class A | Q2 2020 | $727mQ1 2021 | Soldlast listed Q1 2022 | |
| Msci Inc(MSCI) | Q1 2020 | $689mQ1 2023 | Soldlast listed Q3 2024 | |
| Hubspot Inc(HUBS) | Q1 2022 | $684mQ1 2024 | Soldlast listed Q3 2025 |
Quarter by quarter
Q1 2023: $10.6bn across 49 positions
Against Q4 2022: 4 new, 14 added to, 21 trimmed, 6 sold out, across all 49 positions.
Turnover about 8% of the book, estimated from share changes at quarter-end prices.
Largest additions
- Booking Holdings Inc (BKNG)+$214m
- West Pharmaceutical SVSC Inc (WST)+$168m
- Hubspot Inc (HUBS)+$138m
- RBC Bearings Inc (RBC)+$77m
- Teledyne Technologies Inc (TDY)+$71m
- Chemed Corp New (CHE)+$45m
- Toast Inc (TOST)+$32m
- Toro Co (TTC)+$30m
Largest reductions
- Datadog Inc (DDOG)-$146m
- Warby Parker Inc (WRBY)-$41m
- Clearwater Analytics HLDGS I (CWAN)-$41m
- Coupang Inc (CPNG)-$39m
- Humana Inc (HUM)-$38m
- On HLDG AG (ONON)-$27m
- Acadia Healthcare Company In (ACHC)-$24m
- Cargurus Inc (CARG)-$17m
Opened
Nothing new among the largest positions.
Sold out
- National Vision HLDGS Inc (EYE)was $119m
- Idexx Labs Inc (IDXX)was $85m
- Vail Resorts Inc (MTN)was $40m
- Xometry Inc (XMTR)was $20m
- Confluent Inc (CFLT)was $15m
- Redfin Corpwas $15m
Largest positions, Q1 2023
The largest 25 of 49 reported positions.
| Position | Value | Weight | On the quarter |
|---|---|---|---|
| Intuit (INTU) | $746m | 7.0% | Trimmed |
| Roper Technologies Inc (ROP) | $742m | 7.0% | Held |
| Msci Inc (MSCI) | $689m | 6.5% | Trimmed |
| Duolingo Inc (DUOL) | $593m | 5.6% | Held |
| Firstservice Corp New (FSV) | $552m | 5.2% | Trimmed |
| RBC Bearings Inc (RBC) | $465m | 4.4% | Added |
| West Pharmaceutical SVSC Inc (WST) | $430m | 4.0% | Added |
| Hubspot Inc (HUBS) | $424m | 4.0% | Added |
| Atlassian Corporation (TEAM) | $370m | 3.5% | Trimmed |
| Hunt J B Trans SVCS Inc (JBHT) | $367m | 3.4% | Added |
| Molina Healthcare Inc (MOH) | $363m | 3.4% | Added |
| Booking Holdings Inc (BKNG) | $361m | 3.4% | Added |
| Shift4 PMTS Inc (FOUR) | $325m | 3.1% | Trimmed |
| Descartes Sys Group Inc (DSGX) | $308m | 2.9% | Trimmed |
| Waste Connections Inc (WCN) | $307m | 2.9% | Held |
| Clear Secure Inc (YOU) | $300m | 2.8% | Held |
| Teledyne Technologies Inc (TDY) | $269m | 2.5% | Added |
| Quaker Chem Corp (KWR) | $246m | 2.3% | Trimmed |
| Abcam PLC | $235m | 2.2% | Held |
| Toro Co (TTC) | $227m | 2.1% | Added |
| Toast Inc (TOST) | $210m | 2.0% | Added |
| Surgery Partners Inc (SGRY) | $188m | 1.8% | Trimmed |
| Enovis Corporation (ENOV) | $145m | 1.4% | Held |
| Chemed Corp New (CHE) | $144m | 1.3% | Added |
| Clearwater Analytics HLDGS I (CWAN) | $141m | 1.3% | Trimmed |
The books most like this one
Among the managers whose filings are on file, at Q2 2026. Overlap is the share of the two books that is the same: for every stock both list, the smaller of its two weights, added up. Two books can overlap because both own the largest companies; it says nothing about whether the managers agree.
| Manager | Overlap | Stocks in both | Overlap over time | |
|---|---|---|---|---|
| Baillie Gifford & Co | 12% | 12 | Compare | |
| D1 Capital Partners LP | 7.6% | 11 | Compare | |
| Sachem Head Capital Management LP | 7.0% | 2 | Compare | |
| Whale Rock Capital Management LLC | 6.9% | 3 | Compare | |
| Baupost Group LLC | 6.4% | 1 | Compare | |
| Egerton Capital UK LLP | 6.1% | 3 | Compare | |
| Third Point LLC | 5.5% | 3 | Compare | |
| Lone Pine Capital LLC | 5.2% | 2 | Compare |
The filings behind it
Every quarter above is one 13F holdings report, with any amendment the filer made to it applied in the order it was filed. Where the reporting entity changed, each quarter keeps the filer that actually reported it.
| Quarter | Filer | Book | Amended | Filing |
|---|---|---|---|---|
| Q2 2026 | Durable Capital Partners LP | $10.3bn | 13F-HR | |
| Q1 2026 | Durable Capital Partners LP | $9.7bn | 13F-HR | |
| Q4 2025 | Durable Capital Partners LP | $10.6bn | 13F-HR | |
| Q3 2025 | Durable Capital Partners LP | $13.5bn | 13F-HR | |
| Q2 2025 | Durable Capital Partners LP | $13.2bn | 13F-HR | |
| Q1 2025 | Durable Capital Partners LP | $11.2bn | 13F-HR | |
| Q4 2024 | Durable Capital Partners LP | $12.3bn | 13F-HR | |
| Q3 2024 | Durable Capital Partners LP | $13.7bn | 13F-HR | |
| Q2 2024 | Durable Capital Partners LP | $12.2bn | 13F-HR | |
| Q1 2024 | Durable Capital Partners LP | $12.9bn | 13F-HR | |
| Q4 2023 | Durable Capital Partners LP | $12.7bn | 13F-HR | |
| Q3 2023 | Durable Capital Partners LP | $10.9bn | 13F-HR | |
| Q2 2023 | Durable Capital Partners LP | $11.4bn | 13F-HR | |
| Q1 2023 | Durable Capital Partners LP | $10.6bn | 13F-HR | |
| Q4 2022 | Durable Capital Partners LP | $9.6bn | 13F-HR | |
| Q3 2022 | Durable Capital Partners LP | $9.1bn | 13F-HR | |
| Q2 2022 | Durable Capital Partners LP | $8.7bn | 13F-HR | |
| Q1 2022 | Durable Capital Partners LP | $11.4bn | 13F-HR | |
| Q4 2021 | Durable Capital Partners LP | $12.8bn | 13F-HR | |
| Q3 2021 | Durable Capital Partners LP | $13.2bn | 13F-HR | |
| Q2 2021 | Durable Capital Partners LP | $13.6bn | 13F-HR | |
| Q1 2021 | Durable Capital Partners LP | $11.8bn | 13F-HR | |
| Q4 2020 | Durable Capital Partners LP | $11.2bn | 13F-HR | |
| Q3 2020 | Durable Capital Partners LP | $9.1bn | 13F-HR | |
| Q2 2020 | Durable Capital Partners LP | $8.0bn | 13F-HR | |
| Q1 2020 | Durable Capital Partners LP | $4.9bn | 13F-HR | |
| Q4 2019 | Durable Capital Partners LP | $3.2bn | 13F-HR |
Reading this record
A 13F lists US-listed long equity and options at the quarter end, filed up to 45 days later. It shows what was held, not when it was bought or at what price, and nothing short. Where a quarter lists only the largest positions, a name missing from it may still be held below that range; the counts of what was opened and sold always cover the whole filing.
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