DOSSIER · 13F-HR · Q2 2026

FERNBRIDGE CAPITAL MANAGEMENT LP

$1.4B in tracked AUM across 16 positions as of Q2 2026.

FC
CIK 0001827734 · last filed Jun 30, 2026
Total AUM
$1.4B
as of Q2 2026
Holdings
16
—
positions
Whale Score
77
77
strong
Activity
—
no data
changes this Q
AI Analysis · Q2 2026

Fernbridge Capital Management's $1.56B 13F shows a manager in an unusually active rebalance quarter: six positions increased and six decreased, with three sold out and three new entries — a 6:6 split that suggests the manager was actively managing toward target weights rather than expressing a strong directional thesis. The portfolio contracted from $2.04B to $1.56B, a $480M reduction that reflects both net selling and what is likely performance headwind in a concentrated growth-oriented book. The WhaleScore of 79 reflects a track record built on concentrated conviction, and this quarter's filing confirms that Fernbridge is willing to make significant repricing decisions within its existing idea set.

The 6:6 increase-to-decrease split is unusual for a manager with a reputation for concentrated conviction — it suggests the manager found six names worth adding to and six names worth reducing at roughly the same level of conviction. That balance may reflect a rotation within a sector (selling names that ran, buying names that lagged within the same thematic bucket) or a response to valuation signals that changed within the quarter.

The three sold-out positions are particularly notable. In a concentrated book, a full liquidation is a strong negative signal about the research thesis, not a routine rebalance. The combination of three full exits with six partial reductions creates a clear portrait of a manager in a defensive repositioning phase.

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
CRM
SALESFORCE INC
$302M1.9M22.1%
02
V
VISA INC
$142M413K10.4%
03
PTC
PTC INC
$125M1.1M9.2%
04
WDAY
WORKDAY INC
$123M1.0M9.0%
05
INTU
INTUIT
$108M415K7.9%
06
AMZN
AMAZON COM INC
$90M379K6.6%
07
XYL
XYLEM INC
$68M573K5.0%
08
L8681T102
SPOTIFY TECHNOLOGY S A
$66M144K4.8%
09
CNM
CORE & MAIN INC
$65M1.3M4.8%
10
AVGO
BROADCOM INC
$55M144K4.0%

Filing history

2026Q2Jun 30
$1.4B▼ 12.5%
16 positionsView →
2026Q1Mar 31
$1.6B▼ 23.3%
17 positionsView →
2025Q4Dec 31
$2.0B▲ 33.0%
20 positionsView →
2025Q3Sep 30
$1.5B▼ 27.1%
17 positionsLocked
2025Q2Jun 30
$2.1B▲ 16.5%
24 positionsLocked
2025Q1Mar 31
$1.8B▼ 5.5%
17 positionsLocked
2024Q4Dec 31
$1.9B▲ 17.1%
22 positionsLocked
2024Q3Sep 30
$1.6B▲ 8.3%
23 positionsLocked
2024Q2Jun 30
$1.5B▲ 15.5%
22 positionsLocked
2024Q1Mar 31
$1.3B▲ 10.4%
19 positionsLocked
2023Q4Dec 31
$1.2B▲ 14.0%
21 positionsLocked
2023Q3Sep 30
$1.0B▲ 2.6%
21 positionsLocked
Showing 12 of 23