Henry Ellenbogen's Durable Capital significantly reduced its investment in Medline Inc. (MDLN) during the second quarter of 2026, cutting its holdings by 63.84%. The firm sold approximately 4.64 million shares, bringing its total position down to 2.63 million shares. This substantial trade decreased the reported value of Durable's stake from over $323 million to about $103.6 million.
This activity was disclosed in a quarterly 13F filing, which reflects trades made between April 1 and June 30, 2026. The sale followed a mixed second quarter for Medline, which saw increased sales but a 58.3% drop in net income, partly due to a distribution center fire. Following the trade, Medline now constitutes about 1.01% of Durable Capital's reported portfolio.