Diverse Portfolio Reflects Strategic Sector Focus
Henry Ellenbogen's portfolio features significant investments across key sectors, with notable allocations in Industrials and Communication Services.
Strategic Allocation in Diverse Sectors
As of 2025-09-30, Henry Ellenbogen's portfolio through Durable Capital Partners is characterized by a strategic diversification across multiple sectors. The largest holdings include:
- RBC BEARINGS INC (RBC): Total value exceeds $983 million, representing the highest allocation in the portfolio.
- COUPANG INC (CPNG): A significant second-place holder with a total stock value of approximately $799 million.
- SHOPIFY INC (SHOP), COLLIERS INTL GROUP INC (CIGI), and others: These investments collectively account for around 25% of the portfolio's total value.
The portfolio exhibits a strong concentration in the Industrials sector, with five out of eight top holdings belonging to this sector. Notable allocations also include Communication Services with ROBLOX CORP (RBLX), which currently holds a substantial position but has experienced a significant decrease in value.
Notable Allocation Changes
Changes in portfolio composition highlight key drivers of growth and potential risks:
- API GROUP CORP (APG): A 4.15% allocation, showing steady growth with a 20.48% increase in shares.
- ROBLOX CORP (RBLX): A notable 3.62% allocation, but marked by a -23.07% decrease in value and share count, indicating potential volatility.
Shopify's position has also seen a decline, with a total stock value dropping by approximately 13%, reflecting market sentiment or operational challenges within the company.
Portfolio Strategy and Sector Focus
The portfolio strategy appears to prioritize growth sectors such as Industrials and Communication Services. The heavy weighting in Industrials suggests a focus on stable, large-cap companies with strong fundamentals, while the inclusion of RBLX indicates an intentional diversification into tech and communication services.
Key holdings like CPNG and RBC underscore the portfolio's reliance on consumer cyclical and industrials sectors, respectively. This structure balances growth potential across multiple industries, reducing overall volatility.
Conclusion
Diverse investments in key sectors provide a balanced approach to managing risk and capital allocation. The current holdings reflect a strategic focus on growth areas while maintaining stability through diversified positions.