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Shellback Capital, LP
Douglas A. Gordon · Hedge Fund · Long/Short Equity
Shellback Capital, LP is a Boston-based investment management firm established in 2013 by Douglas A. Gordon, Donald D. Jabro, and Jonathan C. Hilsabeck. Operating primarily as a hedge fund, the firm focuses on a long/short equity strategy to achieve capital appreciation. Shellback manages assets through a master-feeder fund structure and primarily invests in U.S.-listed equities, particularly within the technology, media, and telecommunications sectors, while maintaining flexibility for opportunistic international investments.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +4.5% |
| YTD return | -1.1% |
| Sharpe ratio | 2.33 |
| Win rate | 40% |
| AUM | $0.5B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.5B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | http://www.shellback.com |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| HD | The Home Depot Inc | 7.7% | -8.5% |
| TPR | Tapestry Inc | 6.8% | -6.6% |
| NXPI | NXP Semiconductors NV | 6.5% | -3.7% |
| DOV | Dover Corporation | 6.4% | -10.8% |
| MMM | 3M Company | 5.9% | -4.7% |
| AMZN | Amazon.com Inc | 5.8% | +11.6% |
| ROST | Ross Stores Inc | 5.7% | +25.1% |
| HWM | Howmet Aerospace Inc | 5.6% | -12.3% |
| HLT | Hilton Worldwide Holdings Inc | 5.2% | -5.3% |
| RL | Ralph Lauren Corp Class A | 5.0% | -0.5% |
| AS | Amer Sports, Inc. | 4.9% | -30.2% |
| HPE | Hewlett Packard Enterprise Co | 4.4% | +15.7% |
| DY | Dycom Industries Inc | 4.1% | -1.0% |
| DASH | DoorDash, Inc. Class A Common Stock | 4.1% | -17.9% |
| VIK | Viking Holdings Ltd | 4.0% | -4.3% |
| IEX | IDEX Corporation | 3.8% | -3.0% |
| LOW | Lowe's Companies Inc | 3.5% | -6.7% |
| XPO | XPO Logistics Inc | 3.5% | -7.1% |
| ARW | Arrow Electronics Inc | 3.5% | +7.6% |
| DKS | Dick’s Sporting Goods Inc | 3.4% | -43.8% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 31, 2026 | SELL | FIVE | 4.3% → 0.0% |
| Aug 31, 2026 | SELL | RL | 7.8% → 5.0% |
| Aug 31, 2026 | BUY | NXPI | 3.6% → 6.5% |
| Aug 31, 2026 | BUY | HWM | 0.0% → 5.6% |
| Aug 31, 2026 | BUY | MMM | 0.0% → 5.9% |
Investment Style Analysis
Shellback Capital, LP is widely recognized for employing a Long/Short Equity strategy. As of Sep 18, 2026, the firm oversees approximately $0.5B in assets under management (AUM). The portfolio demonstrates a clear preference for the Home Improvement Retail and Specialty Industrial Machinery sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 31, Shellback Capital, LP made a significant move by reducing the position in FIVE. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Shellback Capital's investment philosophy centers on fundamental research and a long/short equity approach to generate superior risk-adjusted returns. The firm seeks capital appreciation by identifying high-conviction opportunities in U.S. equities, often concentrating on sectors such as consumer, technology, and media. By combining sector-specific expertise with a disciplined portfolio management framework, Shellback aims to leverage market inefficiencies and maintain a flexible exposure to both domestic and global markets.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Shellback Capital, LP.
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Frequently asked questions
How is the simulated portfolio for Shellback Capital, LP constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Shellback Capital, LP's largest holding?
As of the latest filing, Shellback Capital, LP's top position is The Home Depot Inc (HD), representing 7.7% of the portfolio. This reflects a high-conviction bet by the institution.
What is Shellback Capital, LP's historical performance and risk profile?
Our simulation indicates a total return of +4.5% with a win rate of 40%. Notably, the portfolio maintains a Sharpe Ratio of 2.33, suggesting an excellent level of risk-adjusted returns compared to the broader market.
What sectors does Shellback Capital, LP primarily invest in?
Shellback Capital, LP has a strong preference for the Home Improvement Retail sector, which makes up 11.3% of their disclosed assets. The portfolio also has exposure to Specialty Industrial Machinery, indicating a specific thematic focus.
Is Shellback Capital, LP's portfolio concentrated or diversified?
Shellback Capital, LP runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 21.1% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Shellback Capital, LP performed in 2026?
Our AI-simulated model portfolio for Shellback Capital, LP tracks a Year-to-Date (YTD) return of -1.1%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Douglas A. Gordon manage Shellback Capital, LP directly?
Yes, Douglas A. Gordon serves as the key portfolio manager for Shellback Capital, LP, overseeing the investment strategy and final capital allocation decisions.