Henry Ellenbogen Q1 2026 Portfolio Review: Strategic Shifts in Industrials and Consumer Stocks

In Q1 2026, Henry Ellenbogen, managing the Durable Capital Partners portfolio, demonstrated a focused investment strategy centered on select Industrials and Consumer Cyclical stocks. The disclosed top holdings reveal a mix of strategic buying and selling activities, with a particular emphasis on companies poised for growth in their respective sectors.

Ellenbogen's portfolio, valued at approximately $8.76 billion as of March 31, 2026, saw notable changes in several key positions during the quarter. Detailed analysis of the top holdings shows:

Significant Purchases:

• DOORDASH INC (DASH): Ellenbogen increased his stake in DoorDash by 19.48%, adding over 697,000 shares. This substantial purchase suggests confidence in the company's growth trajectory within the Communication Services sector.
• FERGUSON ENTERPRISES INC (FERG): There was a significant increase in holdings of Ferguson Enterprises, with a 40.39% jump in shares and corresponding share purchases.
• MERCADOLIBRE INC (MELI): Ellenbogen added to his position in MercadoLibre, increasing holdings by 13.94% during the quarter.
• ROCKET COS INC (RKT): Holdings in Rocket Cos. Inc. saw a 10.51% increase, indicating continued interest in this Financial Services play.
• CARVANA CO (CVNA): Ellenbogen added to his Carvana position, increasing shares by 7.64%.
• CLEAN HARBORS INC (CLH): There was a substantial increase in Clean Harbors, with a 25.9% rise in holdings.
• UL SOLUTIONS INC (ULS): Ellenbogen increased his stake in UL Solutions by 28.4%.

  Notable Sales:

  • XPO INC (XPO): Ellenbogen sold a significant portion of his XPO holdings, reducing the stake by 25.66%. This was one of the largest percentage decreases in the portfolio.
  • API GROUP CORP (APG): There was a small decrease in API Group Corp. holdings, with a 1.61% reduction in shares.
  • RBC BEARINGS INC (RBC): Ellenbogen reduced his position in RBC Bearings by 2.95%.

  The portfolio's top allocations remain heavily concentrated in Industrials, with RBC Bearings, API Group, XPO, and Ferguson Enterprises leading the sector representation. Consumer Cyclical holdings are also significant, featuring MercadoLibre, Carvana, and Clean Harbors.

  For a complete view of Henry Ellenbogen's investment activities, including all holdings and filing details, visit Durable Capital Partners' profile on InsiderSet.