WallStSmart

Henry Ellenbogen - Durable Capital Partners

Durable Capital Partners

Latest 13F filing
Q4 2025
filed Feb 17, 2026
Portfolio value
$10.57B
Positions
40
Top 10 concentration
55.1%
QoQ change
-21.7%
$-2.93B
Activity vs. Q3 2025
8
New positions
13
Added to
0
Unchanged
19
Reduced
56
Exited

Portfolio composition — Q4 2025

  • RBCRBC BEARINGS INC10.0%
  • DASHDOORDASH INC7.7%
  • MELIMERCADOLIBRE INC5.9%
  • CPNGCOUPANG INC5.5%
  • APGAPI GROUP CORP5.4%
  • XPOXPO INC5.1%
  • CIGICOLLIERS INTL GROUP INC4.7%
  • FOURSHIFT4 PMTS INC3.9%
  • CVNACARVANA CO3.7%
  • FERGFERGUSON ENTERPRISES INC3.3%
  • Other30 more positions44.9%

Top buys

New & added positions, by size

  • DASHADD
    DOORDASH INC
    $810.51M
    +114.1%
  • MELIADD
    MERCADOLIBRE INC
    $620.26M
    +75.5%
  • APGADD
    API GROUP CORP
    $574.56M
    +0.8%
  • FOURADD
    SHIFT4 PMTS INC
    $416.04M
    +17.4%
  • CVNAADD
    CARVANA CO
    $390.39M
    +3.6%

Top sells

Reduced & exited positions, biggest cuts first

  • SAIAEXIT
    SAIA INC
    -100.0%
    Exited
  • JBHTEXIT
    HUNT J B TRANS SVCS INC
    -100.0%
    Exited
  • ONONEXIT
    ON HLDG AG
    -100.0%
    Exited
  • ROLEXIT
    ROLLINS INC
    -100.0%
    Exited
  • —EXIT
    AGILON HEALTH INC
    -100.0%
    Exited

Holdings as of Q4 2025

#TickerIssuerSharesValue% PortfolioReported priceActionΔ Shares
1RBCRBC BEARINGS INC2,344,911$1.05B9.95%$448.43REDUCE-7.0%
2DASHDOORDASH INC3,578,745$810.51M7.67%$226.48ADD+114.1%
3MELIMERCADOLIBRE INC307,932$620.26M5.87%$2014.26ADD+75.5%
4CPNGCOUPANG INC24,452,985$576.85M5.46%$23.59REDUCE-1.5%
5APGAPI GROUP CORP15,017,378$574.56M5.44%$38.26ADD+0.8%
6XPOXPO INC3,949,100$536.72M5.08%$135.91REDUCE-8.8%
7CIGICOLLIERS INTL GROUP INC3,369,760$495.39M4.69%$147.01REDUCE-8.9%
8FOURSHIFT4 PMTS INC6,606,969$416.04M3.94%$62.97ADD+17.4%
9CVNACARVANA CO925,045$390.39M3.69%$422.02ADD+3.6%
10FERGFERGUSON ENTERPRISES INC1,561,342$347.60M3.29%$222.63ADD+43.4%
11RKTROCKET COS INC17,470,197$338.22M3.20%$19.36ADD+58.9%
12SHOPSHOPIFY INC2,043,219$328.90M3.11%$160.97REDUCE-55.0%
13AYIACUITY INC815,322$293.55M2.78%$360.04REDUCE-40.2%
14MDLNMEDLINE INC6,900,000$289.80M2.74%$42.00NEW—
15PRVAPRIVIA HEALTH GROUP INC12,087,843$286.60M2.71%$23.71ADD+3.4%
16OPCHOPTION CARE HEALTH INC8,991,254$286.46M2.71%$31.86ADD+21.0%
17AFRMAFFIRM HLDGS INC3,681,173$273.99M2.59%$74.43REDUCE-41.3%
18QQNITY ELECTRONICS INC2,800,861$228.69M2.16%$81.65NEW—
19VEEVVEEVA SYS INC951,896$212.49M2.01%$223.23REDUCE-24.4%
20ULSUL SOLUTIONS INC2,563,523$202.16M1.91%$78.86NEW—
21CLHCLEAN HARBORS INC834,763$195.74M1.85%$234.48ADD+45.5%
22WRBYWARBY PARKER INC7,310,605$159.30M1.51%$21.79REDUCE-16.5%
23VSECVSE CORP879,228$151.90M1.44%$172.77ADD+1.6%
24DSGXDESCARTES SYS GROUP INC1,710,202$149.92M1.42%$87.66NEW—
25—SPORTRADAR GROUP AG5,956,331$141.58M1.34%$23.77NEW—
26TWLOTWILIO INC962,089$136.85M1.29%$142.24NEW—
27TECHBIO-TECHNE CORP2,088,891$122.85M1.16%$58.81ADD+49.6%
28YOUCLEAR SECURE INC3,461,549$121.43M1.15%$35.08REDUCE-45.6%
29GSHDGOOSEHEAD INS INC1,562,969$115.11M1.09%$73.65ADD+1.3%
30APPAPPLOVIN CORP163,405$110.11M1.04%$673.82REDUCE-13.0%
31BKNGBOOKING HOLDINGS INC18,274$97.86M0.93%$5355.33REDUCE-67.0%
32RBLXROBLOX CORP1,162,730$94.22M0.89%$81.03REDUCE-67.1%
33CBZCBIZ INC1,631,969$82.33M0.78%$50.45REDUCE-58.4%
34TOSTTOAST INC2,299,023$81.64M0.77%$35.51REDUCE-63.9%
35FSVFIRSTSERVICE CORP NEW436,598$67.90M0.64%$155.53REDUCE-80.3%
36FIGFIGMA INC1,727,263$64.55M0.61%$37.37REDUCE-67.8%
37ANDGANDERSEN GROUP INC1,670,485$43.32M0.41%$25.93NEW—
38AURAURORA INNOVATION INC6,768,585$25.99M0.25%$3.84REDUCE-43.8%
39IWMISHARES TR96,776$23.82M0.23%$246.16NEW—
40DUOLDUOLINGO INC119,181$20.92M0.20%$175.50REDUCE-86.4%

Positions exited in Q4 2025

TickerIssuerPrior shares
SAIASAIA INC0
JBHTHUNT J B TRANS SVCS INC0
ONONON HLDG AG0
ROLROLLINS INC0
—AGILON HEALTH INC0
ITGARTNER INC0
PCTYPAYLOCITY HLDG CORP0
IACIAC INC0
CWANCLEARWATER ANALYTICS HLDGS I0
GWREGUIDEWIRE SOFTWARE INC0
WCNWASTE CONNECTIONS INC0
SPYSPDR S&P 500 ETF TR0
ACHCACADIA HEALTHCARE COMPANY IN0
TDYTELEDYNE TECHNOLOGIES INC0
TEAMATLASSIAN CORPORATION0
ALHCALIGNMENT HEALTHCARE INC0
AVTRAVANTOR INC0
MNDYMONDAY COM LTD0
—BIRKENSTOCK HOLDING PLC886,660
ENTGENTEGRIS INC3,765,035
ESABESAB CORPORATION1,945,854
FNDFLOOR & DECOR HLDGS INC1,645,369
HUBSHUBSPOT INC326,711
INTUINTUIT437,256
MASIMASIMO CORP620,619
FLUTFLUTTER ENTMT PLC1,243,988
OMOUTSET MED INC1,023,706
RHRH221,434
ROPROPER TECHNOLOGIES INC56,448
SGSWEETGREEN INC663,890
VIAVIA TRANSN INC200,000
WSTWEST PHARMACEUTICAL SVSC INC1,172,583
XMTRXOMETRY INC669,274
WIXWIX COM LTD1,031,844
EVHEVOLENT HEALTH INC0
MOHMOLINA HEALTHCARE INC0
BFAMBRIGHT HORIZONS FAM SOL IN D0
CHWYCHEWY INC0
PTCPTC INC0
PCORPROCORE TECHNOLOGIES INC0
TTANSERVICETITAN INC0
IDXXIDEXX LABS INC0
KRMNKARMAN HLDGS INC0
CPRTCOPART INC0
DOCSDOXIMITY INC0
ODFLOLD DOMINION FREIGHT LINE IN0
LFSTLIFESTANCE HEALTH GROUP INC0
SSNCSS&C TECHNOLOGIES HLDGS INC0
MSCIMSCI INC0
DDOGDATADOG INC0
CHECHEMED CORP NEW0
SGRYSURGERY PARTNERS INC0
GGGGRACO INC0
TTCTORO CO0
K4FONESTREAM INC0
IRINGERSOLL RAND INC0

Source: SEC EDGAR 13F-HR filing Feb 17, 2026. Reported prices are derived from the filing's value-to-shares ratio (effectively the quarter-end mark). Filings are published with a 45-day delay. CIK 0001798849.