In a significant portfolio shift, Henry Ellenbogen's Durable Capital Partners reduced its holding in South Korean e-commerce giant Coupang by nearly 70% during the second quarter of 2026. The fund's position was cut from 12.87 million shares down to 3.88 million, according to its latest quarterly disclosure. The estimated value of the shares sold is approximately $156 million, dropping the position's weight in Durable's reported portfolio from 2.50% to just 0.66%.
This trade information comes from a delayed Form 13F, filed with the SEC on August 14, 2026, and reflects the fund's holdings as of June 30, 2026. Subsequent to this reporting period, on August 4, Coupang announced its second-quarter financial results, reporting revenue growth but also a significant swing from a net income to a net loss. [2, 4] No specific commentary from Ellenbogen on the reason for the large trade has been made public.