FERNBRIDGE CAPITAL MANAGEMENT LP

Hedge Fund • Long/Short

FERNBRIDGE CAPITAL MANAGEMENT LP is a Long/Short Hedge Fund based in Los Angeles, CA led by Brennan Robert Diaz, managing $2.1B across 24 long positions as of Q3 2025 with 56% Technology concentration, 76% concentrated in top 10 holdings, 20% allocation to CRM, and 56% technology allocation.

CEOBrennan Robert Diaz

Portfolio Value: $2.1B
Positions: 24
Top Holding: CRM at 20.32%
Last Reported: Q3 2025

Address11111 Santa Monica Blvd, Suite 1630, Los Angeles, CA, 90025, United States

Top Holdings

Largest long holdings in FERNBRIDGE CAPITAL MANAGEMENT LP's portfolio (75.5% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Salesforce CRM	Software - Application Technology	$416.9M	20.32%	+$76.4M Bought	0.18% 1.8M shares	Q1 2022 Held for 3y 8m
2 Workday, Inc. WDAY	Software - Application Technology	$332.8M	16.22%	+$33.9M Bought	0.52% 1.4M shares	Q4 2020 Held for 4y 11m
3 PTC PTC	Software - Application Technology	$222.0M	10.82%	-$195.2M Sold	0.91% 1.1M shares	Q4 2021 Held for 3y 11m
4 Amazon AMZN	Specialty Retail Consumer Cyclical	$191.8M	9.34%	+$74.6M Bought	0.01% 873.3K shares	Q1 2021 Held for 4y 8m
5 Louisiana-Pacific Corporation LPX	Construction Industrials	$72.9M	3.55%	+$54.0M Bought	1.18% 820.8K shares	Q2 2025 Held for 5 months
6 Vulcan Materials Company VMC	Construction Materials Basic Materials	$71.5M	3.49%	-$6.9M Sold	0.18% 232.6K shares	Q4 2024 Held for 11 months
7 Live Nation Entertainment LYV	Entertainment Communication Services	$70.6M	3.44%	-$23.4M Sold	0.19% 431.9K shares	Q3 2023 Held for 2y 2m
8 Visa V	Financial - Credit Services Financial Services	$60.5M	2.95%	+$26.5M Bought	0.01% 177.2K shares	Q2 2025 Held for 5 months
9 Booking Holdings Inc. BKNG	Travel Services Consumer Cyclical	$57.3M	2.79%	+$5.5M Bought	0.03% 10.6K shares	Q4 2021 Held for 3y 11m
10 Intuit INTU	Software - Application Technology	$53.7M	2.62%	-$36.2M Sold	0.03% 78.6K shares	Q3 2022 Held for 3y 2m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in FERNBRIDGE CAPITAL MANAGEMENT LP's latest filing

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Market Value

$2.1B

Prior: $2.1B

Q/Q Change

-2.28%

-$47.8M

Net Flows % of MV

-8.61%

Turnover Ratio

24.98%

New Purchases

1 stocks

$41.7M

Added To

11 stocks

+$328.4M

Sold Out Of

5 stocks

$181.6M

Reduced Holdings

8 stocks

-$365.2M

Increased Positions

Position	Shares Δ	Change
1 Xylem XYL	New	0 → 282.8K +$41.7M
2 Louisiana-Pacific Corporation LPX	+284.54%	213.4K → 820.8K +$54.0M
3 Spotify Technology SPOT	+103.66%	29.0K → 59.1K +$21.0M
4 Applovin Corporation APP	+83.01%	40.5K → 74.1K +$24.2M
5 Visa V	+77.76%	99.7K → 177.2K +$26.5M

Decreased Positions

Position	Shares Δ	Change
1 TransUnion TRU	Sold	720.7K → 0 −$63.4M
2 DoorDash DASH	Sold	161.5K → 0 −$39.8M
3 Block XYZ	Sold	547.6K → 0 −$37.2M
4 The Trade Desk TTD	Sold	363.8K → 0 −$26.2M
5 Advanced Drainage Systems WMS	Sold	130.6K → 0 −$15.0M