Henry Ellenbogen
Durable Capital Partners
Henry Ellenbogen (Durable Capital Partners) discloses a $10.28B portfolio across 36 US-listed positions in the latest 13F filing (2026Q2, filed Aug 14, 2026). The largest holding is RBC at 10.7% of the book. The biggest move of the quarter: trimmed the RBC share count by 25% (position now $1.10B). Mechanically cloning this 13F returned 2.3%/yr over the past 6.4 years, versus 14.5%/yr for the S&P 500 across that identical 6.4-year window.
Holdings (36) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | RBC | 10.7% | $1.10B | |||
| 2 | DASH | 7.5% | $767M | |||
| 3 | Q | 7.2% | $744M | |||
| 4 | FERG | 6.9% | $707M | |||
| 5 | MELI | 5.1% | $524M | |||
| 6 | APG | 5.0% | $514M | |||
| 7 | XPO | 4.8% | $498M | |||
| 8 | CVNA | 4.3% | $442M | |||
| 9 | MAIR | 3.9% | $398M | |||
| 10 | TWLO | 3.7% | $381M | |||
| 11 | AFRM | 3.5% | $361M | |||
| 12 | G3323L100 | 3.3% | $339M | |||
| 13 | PRVA | 2.9% | $299M | |||
| 14 | ULS | 2.9% | $299M | |||
| 15 | CRH | 2.8% | $285M | |||
| 16 | SHOP | 2.6% | $267M | |||
| 17 | CLH | 2.6% | $267M | |||
| 18 | RKT | 2.5% | $260M | |||
| 19 | VSEC | 2.2% | $224M | |||
| 20 | FLS | 2.1% | $216M | |||
| 21 | FOUR | 2.1% | $215M | |||
| 22 | WRBY | 1.9% | $194M | |||
| 23 | OPCH | 1.3% | $129M | |||
| 24 | MDLN | 1.0% | $104M | |||
| 25 | XMTR | 1.0% | $98M | |||
| 26 | WIX | 0.9% | $93M | |||
| 27 | GSHD | 0.9% | $89M | |||
| 28 | AUR | 0.7% | $74M | |||
| 29 | CPNG | 0.7% | $67M | |||
| 30 | ANDG | 0.6% | $63M | |||
| 31 | AIT | 0.5% | $55M | |||
| 32 | ENTG | 0.5% | $53M | |||
| 33 | ROL | 0.5% | $49M | |||
| 34 | AGL | 0.5% | $47M | |||
| 35 | TECH | 0.3% | $35M | |||
| 36 | AYI | 0.3% | $26M |
- 1RBCport10.7%val$1.10BRbc Bearings Incthis Q -25%·26q
- 2DASHport7.5%val$767MDoordash Inc - Athis Q hold·17q
- 3Qport7.2%val$744MQnity Electronics Incthis Q hold·3q
- 4FERGport6.9%val$707MFerguson Enterprises Incthis Q +36%·5q
- 5MELIport5.1%val$524MMercadolibre Incthis Q hold·6q
- 6APGport5.0%val$514MApi Group Corpthis Q hold·8q
- 7XPOport4.8%val$498MXpo Incthis Q hold·7q
- 8CVNAport4.3%val$442MCarvana COthis Q +35%·9q
- 9MAIRport3.9%val$398MMadison Air Solutions Corp-athis Q New·—1q
- 10TWLOport3.7%val$381MTwilio Inc - Athis Q New·10q
- 11AFRMport3.5%val$361MAffirm Holdings Incthis Q -22%·13q
- 12G3323L100port3.3%val$339MFabrinetthis Q +179%·2q
- 13PRVAport2.9%val$299MPrivia Health Group Incthis Q hold·13q
- 14ULSport2.9%val$299MUL Solutions Inc - Class Athis Q hold·3q
- 15CRHport2.8%val$285MCrh Plcthis Q +80%·2q
- 16SHOPport2.6%val$267MShopify Inc - Class Athis Q +140%·21q
- 17CLHport2.6%val$267MClean Harbors Incthis Q hold·4q
- 18RKTport2.5%val$260MRocket Cos Inc-class Athis Q hold·4q
- 19VSECport2.2%val$224MVse Corpthis Q -30%·9q
- 20FLSport2.1%val$216MFlowserve Corpthis Q +206%·2q
- 21FOURport2.1%val$215MShift4 Payments Inc-class Athis Q -28%·25q
- 22WRBYport1.9%val$194MWarby Parker Inc-class Athis Q hold·20q
- 23OPCHport1.3%val$129MOption Care Health Incthis Q -31%·7q
- 24MDLNport1.0%val$104MMedline Inc-cl Athis Q -64%·3q
- 25XMTRport1.0%val$98MXometry Inc-athis Q +1732%·10q
- 26WIXport0.9%val$93MWix Com Ltdthis Q hold·13q
- 27GSHDport0.9%val$89MGoosehead Insurance Inc -Athis Q hold·23q
- 28AURport0.7%val$74MAurora Innovation Incthis Q +633%·12q
- 29CPNGport0.7%val$67MCoupang Incthis Q -70%·19q
- 30ANDGport0.6%val$63MAndersen Group Inc - Athis Q hold·3q
- 31AITport0.5%val$55MApplied Industrial Tech Incthis Q -45%·2q
- 32ENTGport0.5%val$53MEntegris Incthis Q -70%·12q
- 33ROLport0.5%val$49MRollins Incthis Q New·13q
- 34AGLport0.5%val$47MAgilon Health Incthis Q New·—1q
- 35TECHport0.3%val$35MBio-techne Corpthis Q -89%·4q
- 36AYIport0.3%val$26MAcuity Incthis Q -81%·8q
2026Q2 moves, by size (28)(expand ↓)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| RBC | Rbc Bearings Inc | TRIM | 10.7% | -25% | $1.10B |
| FERG | Ferguson Enterprises Inc | ADD | 6.9% | +36% | $707M |
| CVNA | Carvana CO | ADD | 4.3% | +35% | $442M |
| MAIR | Madison Air Solutions Corp-a | NEW | 3.9% | +100% | $398M |
| TWLO | Twilio Inc - A | NEW | 3.7% | +100% | $381M |
| AFRM | Affirm Holdings Inc | TRIM | 3.5% | -22% | $361M |
| MDLN | Medline Inc-cl A | TRIM | 1.0% | -64% | $104M |
| G3323L100 | Fabrinet | ADD | 3.3% | +179% | $339M |
| FOUR | Shift4 Payments Inc-class A | TRIM | 2.1% | -28% | $215M |
| CRH | Crh Plc | ADD | 2.8% | +80% | $285M |
| VSEC | Vse Corp | TRIM | 2.2% | -30% | $224M |
| IWM | Ishares Russell 2000 Etf | EXIT | 2.6% | -100% | $0 |
| SHOP | Shopify Inc - Class A | ADD | 2.6% | +140% | $267M |
| CPNG | Coupang Inc | TRIM | 0.7% | -70% | $67M |
| OPCH | Option Care Health Inc | TRIM | 1.3% | -31% | $129M |
| TECH | Bio-techne Corp | TRIM | 0.3% | -89% | $35M |
| FLS | Flowserve Corp | ADD | 2.1% | +206% | $216M |
| YOU | Clear Secure Inc -class A | EXIT | 1.5% | -100% | $0 |
| ENTG | Entegris Inc | TRIM | 0.5% | -70% | $53M |
| AYI | Acuity Inc | TRIM | 0.3% | -81% | $26M |
| XMTR | Xometry Inc-a | ADD | 1.0% | +1732% | $98M |
| CIGI | Colliers Intl Gr-subord Vot | EXIT | 0.9% | -100% | $0 |
| AIT | Applied Industrial Tech Inc | TRIM | 0.5% | -45% | $55M |
| AUR | Aurora Innovation Inc | ADD | 0.7% | +633% | $74M |
| ROL | Rollins Inc | NEW | 0.5% | +100% | $49M |
| AGL | Agilon Health Inc | NEW | 0.5% | +100% | $47M |
| RBLX | Roblox Corp -class A | EXIT | 0.4% | -100% | $0 |
| ESAB | Esab Corp | EXIT | <0.1% | -100% | $0 |
- TRIMRBC10.7%Rbc Bearings IncΔ -25%·$1.10B
- ADDFERG6.9%Ferguson Enterprises IncΔ +36%·$707M
- ADDCVNA4.3%Carvana COΔ +35%·$442M
- NEWMAIR3.9%Madison Air Solutions Corp-aΔ +100%·$398M
- NEWTWLO3.7%Twilio Inc - AΔ +100%·$381M
- TRIMAFRM3.5%Affirm Holdings IncΔ -22%·$361M
- TRIMMDLN1.0%Medline Inc-cl AΔ -64%·$104M
- ADDG3323L1003.3%FabrinetΔ +179%·$339M
- TRIMFOUR2.1%Shift4 Payments Inc-class AΔ -28%·$215M
- ADDCRH2.8%Crh PlcΔ +80%·$285M
- TRIMVSEC2.2%Vse CorpΔ -30%·$224M
- EXITIWM2.6%Ishares Russell 2000 EtfΔ -100%·$0
- ADDSHOP2.6%Shopify Inc - Class AΔ +140%·$267M
- TRIMCPNG0.7%Coupang IncΔ -70%·$67M
- TRIMOPCH1.3%Option Care Health IncΔ -31%·$129M
- TRIMTECH0.3%Bio-techne CorpΔ -89%·$35M
- ADDFLS2.1%Flowserve CorpΔ +206%·$216M
- EXITYOU1.5%Clear Secure Inc -class AΔ -100%·$0
- TRIMENTG0.5%Entegris IncΔ -70%·$53M
- TRIMAYI0.3%Acuity IncΔ -81%·$26M
- ADDXMTR1.0%Xometry Inc-aΔ +1732%·$98M
- EXITCIGI0.9%Colliers Intl Gr-subord VotΔ -100%·$0
- TRIMAIT0.5%Applied Industrial Tech IncΔ -45%·$55M
- ADDAUR0.7%Aurora Innovation IncΔ +633%·$74M
- NEWROL0.5%Rollins IncΔ +100%·$49M
- NEWAGL0.5%Agilon Health IncΔ +100%·$47M
- EXITRBLX0.4%Roblox Corp -class AΔ -100%·$0
- EXITESAB<0.1%Esab CorpΔ -100%·$0
About Henry Ellenbogen
Henry Ellenbogen ran T. Rowe Price's New Horizons Fund from 2010 to 2019, compiling a strong record in growth-oriented small- and mid-cap investing before leaving to found Durable Capital Partners in 2020. His style is concentrated growth — the current 13F spans 37 positions and roughly $9.7B in disclosed long equity, with the top five names (led by RBC, DoorDash, MercadoLibre, APi Group, and Quanta Services) accounting for about 38% of the book. The defining characteristic is a long-duration orientation: Ellenbogen looks for durable compounders across software, fintech, and infrastructure services, often initiating in private rounds before companies list. That pre-IPO and late-stage private activity is the most important gap between the 13F and reality — positions can be established, sized, or partly exited well before public disclosure captures them. The clone backtest's roughly -13% annualized excess return versus SPY over six-plus years reflects both the disclosure lag and the fact that the private book isn't visible in filings at all.
2026Q2 brief
2026Q2 activity: 4 new positions (top: MAIR, TWLO, ROL); 8 conviction adds (top: FERG, CVNA, FABRINET); 5 exits (top: IWM, YOU, CIGI). Top 5 holdings: RBC, DASH, Q, FERG, MELI (37% of portfolio).
AI-generated. Not investment advice.
Filing history
Henry Ellenbogen's disclosed 13F portfolio value and position count by quarter — the trajectory across every SEC filing.
| Quarter | Positions | Portfolio value |
|---|---|---|
| Q2 2026 — what changed → | 36 | $10.28B |
| Q1 2026 — what changed → | 37 | $9.71B |
| Q4 2025 — what changed → | 40 | $10.57B |
| Q3 2025 — what changed → | 48 | $13.50B |
| Q2 2025 — what changed → | 44 | $13.21B |
| Q1 2025 — what changed → | 51 | $11.19B |
| Q4 2024 holdings | 46 | $12.26B |
| Q3 2024 holdings | 48 | $13.67B |
| Q2 2024 holdings | 49 | $12.18B |
| Q1 2024 holdings | 53 | $12.91B |
| Q4 2023 holdings | 52 | $12.67B |
| Q3 2023 holdings | 52 | $10.94B |
Values as disclosed at each quarter end. Older filings on EDGAR.
Multibaggers Henry Ellenbogen held
Stocks up 5x or more since Henry Ellenbogen first held them at conviction size — the holding record behind the returns. Longest unbroken run and largest book weight are shown for each.
- SHOP33.5xSHOPIFY INC - CLASS A10q straight · peak 6.27% · still holds
- MELI14.8xMERCADOLIBRE INC5q straight · peak 6.24% · still holds
- MSCI14.6xMSCI INC19q straight · peak 7.53%
- CVNA13.4xCARVANA CO8q straight · peak 3.69% · still holds
- ODFL12.1xOLD DOMINION FREIGHT LINE7q straight · peak 1.75%
- ENTG11.1xENTEGRIS INC10q straight · peak 2.58% · still holds
Six biggest of 12. Price multiple since the first quarter we observed a conviction holding (2014Q1 at the earliest), not Henry Ellenbogen's realized return — entry price and trades between filings aren't disclosed. Peak weight is share of disclosed US 13F book. All 129 multibaggers the cohort held →
Frequently asked questions
- What stocks does Henry Ellenbogen own?
- As of 2026Q2, Henry Ellenbogen's 13F discloses 36 positions worth $10.28B. The top five holdings: RBC (10.7%), DASH (7.5%), Q (7.2%), FERG (6.9%), MELI (5.1%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
- What did Henry Ellenbogen buy this quarter?
- In 2026Q2, the filing shows 4 new positions and 8 additions to existing holdings. The largest positions touched by buying: FERG, CVNA, MAIR, TWLO, CRH.
- How big is Henry Ellenbogen's portfolio?
- $10.28B across 36 positions per the latest 13F (filed Aug 14, 2026). The top five holdings account for 37% of the disclosed book.
Similar portfolios
Explore more
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001798849). Not investment advice.