In its second-quarter 13F filing for the period ending June 30, 2026, Henry Ellenbogen's Durable Capital Partners reported a portfolio value of $10.28 billion. The filing revealed a highly active quarter with 21 high-signal changes. The portfolio's top positions include Royal Bank of Canada (RBC), DoorDash (DASH), and Qorvo (Q), with the top ten holdings representing over 59% of the portfolio's value.
Durable significantly increased its stakes in several companies, most notably boosting its share count in Carvana (CVNA) by approximately 575% and in Ferguson (FERG) by 36%. Other significant additions were made to Fabrinet, CRH PLC, and Shopify. The firm also initiated two new medium-sized positions during the quarter, purchasing stakes in Mair and Twilio (TWLO), which both became top 10 holdings.
Conversely, the firm executed several notable reductions and exits. Durable completely sold its positions in the iShares Russell 2000 ETF (IWM), You.com, and Colliers International (CIGI). It made substantial reductions to its holdings in Bio-Techne (TECH) by nearly 89% and Acuity Brands (AYI), making them near-exits. The fund also trimmed top holdings, including its largest position, RBC, by 25%, as well as APi Group and XPO, indicating a significant strategic reallocation of capital during the quarter.