Durable Capital Partners
Henry Ellenbogen · CIK 0001798849 · latest 13F for 2026-06-30 filed 2026-08-14
Estimated from 13F holdings — long US equities only; follow-the-filing returns are net of an assumed 10 bps per unit of turnover.
About the fund
Durable Capital Partners is a Maryland-based investment management firm founded in 2019 by Henry Ellenbogen. The firm focuses on long-only equity investments in early-stage and durable growth small- and mid-cap companies across both public and private markets.
Investment approach
The firm employs a primarily long-only equity strategy, focusing on identifying and holding early-stage and durable growth small- and mid-cap compounders across both public and private markets. DCP believes that wealth creation is concentrated in a small number of compounding stocks, which it defines as companies generating 20% annualized returns over a decade. Its investment philosophy is integrated across public and private markets, with the firm often engaging earlier with private management teams and increasing exposure as conviction strengthens.
History
Durable Capital Partners was founded in 2019 by Henry Ellenbogen, a former T. Rowe Price executive and portfolio manager. The firm was established to pursue a long-only equity strategy focused on small- and mid-cap growth companies. Since its inception, it has built a team of investment professionals, many of whom also have backgrounds at T. Rowe Price.
Notable positions & campaigns
- RBC Bearings Inc2026 — Largest disclosed position in 13F filing as of Q2 2026.
- DoorDash Inc2026 — Second largest disclosed position in 13F filing as of Q2 2026.
- Qnity Electronics Inc2026 — Third largest disclosed position in 13F filing as of Q2 2026.
- Faire2021 — Co-led Series G funding round.
Profile generated 2026-10-09 from public sources; may be incomplete or out of date.
- Founded by
- Henry Ellenbogen
- Founded
- 2019
- HQ
- Bethesda/Chevy Chase, United States
- Reported AUM
- $10.3bn (as of June 30, 2026)
- Website
- durablecap.com
Management
- Henry EllenbogenFounder, Managing Partner & Chief Investment Officer
- Anouk DeyPartner
- Corey ShullPartner
- Barry HendersonPartner
- Michael BlandinoPartner and Chief Operating Officer
- Julie JackGeneral Counsel & Chief Compliance Officer
Holdings heatmap
Latest 13F (2026-06-30): top 36 positions grouped by sector, sized by weight, coloured by the change in weight since the previous 13F.
Holdings map
Each tile is a position, sized by reported value and coloured by the stock's own price return (red down, green up) — the LiquidRound / finviz-style map.
Copy portfolio vs SPY
Growth of $1 following each filing the trading day after it was filed.
Top holdings
Latest 13F (2026-06-30).
| # | Ticker | Value | Weight |
|---|---|---|---|
| 1 | RBC | $1.1B | 10.7% |
| 2 | DASH | $767M | 7.5% |
| 3 | Q | $744M | 7.2% |
| 4 | FERG | $707M | 6.9% |
| 5 | MELI | $524M | 5.1% |
| 6 | APG | $514M | 5.0% |
| 7 | XPO | $498M | 4.8% |
| 8 | CVNA | $442M | 4.3% |
| 9 | MAIR | $398M | 3.9% |
| 10 | TWLO | $381M | 3.7% |
| 11 | AFRM | $361M | 3.5% |
| 12 | — | $339M | 3.3% |
| 13 | PRVA | $299M | 2.9% |
| 14 | ULS | $299M | 2.9% |
| 15 | — | $285M | 2.8% |
| 16 | SHOP | $267M | 2.6% |
| 17 | CLH | $267M | 2.6% |
| 18 | RKT | $260M | 2.5% |
| 19 | VSEC | $224M | 2.2% |
| 20 | FLS | $216M | 2.1% |
| 21 | FOUR | $215M | 2.1% |
| 22 | WRBY | $194M | 1.9% |
| 23 | OPCH | $129M | 1.3% |
| 24 | MDLN | $104M | 1.0% |
| 25 | XMTR | $98M | 1.0% |
Sector mix
Top-25 holdings by weight.
Changes this quarter
| Move | Ticker | Prev wt | Now wt |
|---|---|---|---|
| new | MAIR | 0.0% | 3.9% |
| new | TWLO | 0.0% | 3.7% |
| exited | IWM | 2.6% | 0.0% |
| trimmed | MDLN | 3.3% | 1.0% |
| added | — | 1.2% | 3.3% |
| trimmed | TECH | 2.4% | 0.3% |
| trimmed | RBC | 12.7% | 10.7% |
| trimmed | CPNG | 2.5% | 0.7% |
| added | FERG | 5.3% | 6.9% |
| exited | YOU | 1.5% | 0.0% |
| added | SHOP | 1.2% | 2.6% |
| added | FLS | 0.7% | 2.1% |
| trimmed | OPCH | 2.5% | 1.3% |
| trimmed | Q | 6.0% | 7.2% |
| added | — | 1.6% | 2.8% |
| trimmed | APG | 6.2% | 5.0% |
| trimmed | MELI | 6.2% | 5.1% |
| added | CVNA | 3.2% | 4.3% |
| trimmed | XPO | 5.9% | 4.8% |
| added | XMTR | 0.0% | 1.0% |
Quarterly copy returns
Each 13F held from the day after filing until the next filing.
| 13F period | Copy | SPY | Alpha | Coverage |
|---|---|---|---|---|
| 2026-06-30 | -7.0% | +0.4% | -7.4% | 90% |
| 2026-03-31 | +8.7% | +4.9% | +3.8% | 90% |
| 2025-12-31 | -6.5% | +7.9% | -14.4% | 95% |
| 2025-09-30 | -1.5% | +3.4% | -4.9% | 89% |
| 2025-06-30 | -8.8% | +3.7% | -12.6% | 92% |
| 2025-03-31 | +2.4% | +8.6% | -6.2% | 90% |
| 2024-12-31 | -3.4% | -2.5% | -0.9% | 88% |
| 2024-09-30 | +11.2% | +4.7% | +6.4% | 91% |
| 2024-06-30 | +12.3% | +6.2% | +6.1% | 91% |
| 2024-03-31 | +3.6% | +4.9% | -1.3% | 91% |
| 2023-12-31 | -4.2% | +5.6% | -9.8% | 89% |
| 2023-09-30 | +12.3% | +12.1% | +0.2% | 88% |
| 2023-06-30 | +3.4% | +1.9% | +1.5% | 83% |
| 2023-03-31 | +5.1% | +8.4% | -3.3% | 83% |
| 2022-12-31 | -0.8% | -0.5% | -0.3% | 82% |
| 2022-09-30 | +7.8% | +4.4% | +3.5% | 78% |
Filing dates
- 2026-08-1413F-HR for 2026-06-30 · $10.3B · 36 rows
- 2026-05-1513F-HR for 2026-03-31 · $9.7B · 37 rows
- 2026-02-1713F-HR for 2025-12-31 · $10.6B · 40 rows
- 2025-11-1413F-HR for 2025-09-30 · $13.5B · 48 rows
- 2025-08-1413F-HR for 2025-06-30 · $13.2B · 44 rows
- 2025-05-1513F-HR for 2025-03-31 · $11.2B · 51 rows
- 2025-02-1413F-HR for 2024-12-31 · $12.3B · 46 rows
- 2024-11-1413F-HR for 2024-09-30 · $13.7B · 48 rows
- 2024-08-1413F-HR for 2024-06-30 · $12.2B · 49 rows
- 2024-05-1513F-HR for 2024-03-31 · $12.9B · 53 rows
- 2024-02-1413F-HR for 2023-12-31 · $12.7B · 52 rows
- 2023-11-1413F-HR for 2023-09-30 · $10.9B · 52 rows
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