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ThornTree Capital Partners Portfolio holdings

AUM $564M
1-Year Est. Return 36.37%
This Fund
S&P 500
This Quarter Est. Return
-3.8%
1 Year Est. Return
+36.37%
3 Year Est. Return
+206.07%
5 Year Est. Return
+135.57%
10 Year Est. Return
–
AUM
$564M
AUM Growth
-$34.4M
Cap. Flow
+$21.7M
Cap. Flow %
3.84%
Top 10 Hldgs %
78.19%
Holding
19
New
4
Increased
7
Reduced
3
Closed
3

Top Buys

Rank Stock Value
1
MTZ icon
MasTec
MTZ
+$30.5M
2
SHOP icon
Shopify
SHOP
+$27.8M
3
ADI icon
Analog Devices
ADI
+$20.3M
4
INTU icon
Intuit
INTU
+$20M
5
VEEV icon
Veeva Systems
VEEV
+$19.1M

Top Sells

Rank Stock Value
1
RKT icon
Rocket Companies
RKT
+$43.2M
2
DUOL icon
Duolingo
DUOL
+$32.4M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$31.8M
4
CSGP icon
CoStar Group
CSGP
+$16.3M
5
CIEN icon
Ciena
CIEN
+$14.8M

Sector Composition

Rank Sector Weight
1 Technology 27.09%
2 Consumer Discretionary 26.5%
3 Communication Services 22.95%
4 Financials 13.99%
5 Industrials 6.44%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
INTU icon
1
Intuit
INTU
$79.6B
$56.7M 10.06%
131,173
+41,871
+47% +$20M
CIEN icon
2
Ciena
CIEN
$53B
$50.6M 8.97%
130,272
-48,385
-27% -$14.8M
VIK icon
3
Viking Holdings
VIK
$43.3B
$49.8M 8.83%
677,087
+57,092
+9% +$4.17M
FWONK icon
4
Liberty Media Series C
FWONK
$25.6B
$43.7M 7.75%
513,490
+184,661
+56% +$16.1M
META icon
5
Meta Platforms (Facebook)
META
$1.64T
$43.6M 7.74%
76,272
– –
ONON icon
6
On Holding
ONON
$12.4B
$40.7M 7.23%
1,197,338
+335,328
+39% +$14.6M
NU icon
7
Nu Holdings
NU
$65.6B
$40.6M 7.21%
2,827,444
+486,670
+21% +$7.89M
RL icon
8
Ralph Lauren
RL
$22.6B
$40.4M 7.17%
117,540
+5,488
+5% +$1.95M
AFRM icon
9
Affirm
AFRM
$25.5B
$38.2M 6.78%
834,289
+66,535
+9% +$3.84M
MTZ icon
10
MasTec
MTZ
$26B
$36.3M 6.44%
+112,741
New +$30.5M
NFLX icon
11
Netflix
NFLX
$290B
$28.9M 5.13%
300,810
– –
SHOP icon
12
Shopify
SHOP
$160B
$25.1M 4.46%
+211,795
New +$27.8M
ADI icon
13
Analog Devices
ADI
$183B
$20.3M 3.59%
+63,652
New +$20.3M
MELI icon
14
Mercado Libre
MELI
$92B
$18.4M 3.27%
10,642
-3,184
-23% -$6.14M
VEEV icon
15
Veeva Systems
VEEV
$31.7B
$17.1M 3.03%
+97,238
New +$19.1M
GOOGL icon
16
Alphabet (Google) Class A
GOOGL
$4.23T
$13.1M 2.33%
45,628
-101,197
-69% -$31.8M
CSGP icon
17
CoStar Group
CSGP
$12.2B
– –
-242,032
Closed -$16.3M
DUOL icon
18
Duolingo
DUOL
$6.24B
– –
-184,867
Closed -$32.4M
RKT icon
19
Rocket Companies
RKT
$41.1B
– –
-2,231,659
Closed -$43.2M

Similar funds

PSC
Patient Square Capital Menlo Park, California $564M AUM 261.3% 1-Year Est. Return
KF
KKM Financial Chicago, Illinois $563M AUM 28.2% 1-Year Est. Return
AHSW
Adventist Health System West Roseville, California $564M AUM 17.1% 1-Year Est. Return
AAS
Asset Allocation Strategies Farmington, Michigan $563M AUM 15.65% 1-Year Est. Return
KBG
Kahn Brothers Group New York $564M AUM 25.3% 1-Year Est. Return
LC
Lavaca Capital Houston, Texas $564M AUM 4.6% 1-Year Est. Return
AMCA
Arthur M. Cohen & Associates Northbrook, Illinois $563M AUM 20.97% 1-Year Est. Return
GWAG
Garrett Wealth Advisory Group Weatherford, Texas $562M AUM 16.6% 1-Year Est. Return

ThornTree Capital Partners's Q1 2026 Portfolio in Review

As of Q1 2026, ThornTree Capital Partners held 19 positions worth $564M, down 5.7% from $598M the previous quarter. Its ten largest holdings account for 78% of the portfolio.

ThornTree Capital Partners deployed $21.7M of net new capital in Q1 2026, opening 4 new positions and adding to 7 existing holdings. Its largest new stake was MasTec: 112,741 shares worth $36.3M.

By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 22% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $31.8M trimmed.

  • ThornTree Capital Partners's largest Q1 2026 buy was MasTec: 112,741 shares worth $36.3M.
  • ThornTree Capital Partners added most to Intuit in Q1 2026, an estimated $20M increase.
  • ThornTree Capital Partners's biggest Q1 2026 reduction was Alphabet (Google) Class A, cutting an estimated $31.8M.
  • ThornTree Capital Partners fully exited Rocket Companies in Q1 2026, selling an estimated $43.2M.
  • ThornTree Capital Partners's ten largest holdings make up 78% of its $564M portfolio in Q1 2026.
  • ThornTree Capital Partners opened 4 new positions and closed 3 in Q1 2026.
  • ThornTree Capital Partners's portfolio value fell 5.7% quarter-over-quarter to $564M.

Based on ThornTree Capital Partners's 13F filing for Q1 2026, filed 15 May 2026.