Two Creeks Capital Management, LP

John R. Kramer is the founder, managing partner, and sole portfolio manager. He makes all investment decisions for the long/short equity fund. Kramer previously spent a decade at Citadel as a senior equity analyst covering the industrial sector.

The firm is registered as a hedge fund with the SEC but operates with a family-office governance model. It began managing outside capital but has since concentrated on the Kramer family's capital. As a result, it functions as a single-family office that uses a hedge fund vehicle.

The fund focuses on long/short equity investing in North American markets. It targets deep-value, mispriced securities with identifiable catalysts. The portfolio is concentrated in 15 to 25 positions, indicating a high-conviction orientation with event-driven elements.

No, the firm does not publicly disclose specific portfolio companies or individual holdings. SEC filings for its hedge fund vehicle may show quarterly 13F filings that reveal equity positions, but the firm does not release a list of portfolio companies or co-investments.

John Kramer founded Two Creeks after leaving Citadel, where he had been a senior equity analyst. There is no other formal affiliation between the two firms. Two Creeks operates independently from Citadel.

The origin of the Kramer family wealth has not been publicly disclosed. John Kramer accumulated capital through his career in finance, including his decade-long tenure at Citadel and any prior roles. No specific family business or inheritance is publicly associated with the firm.