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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
+10.79%
1 Year Est. Return
+36.37%
3 Year Est. Return
+206.07%
5 Year Est. Return
+135.57%
10 Year Est. Return
–
AUM
$741M
AUM Growth
-$34.6M
(-4.5%)
Cap. Flow
-$85.7M
Cap. Flow
% of AUM
-11.56%
Top 10 Holdings %
Top 10 Hldgs %
53.68%
Holding
40
New
9
Increased
8
Reduced
11
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FIVE9
FIVN
|
+$17.4M |
| 2 |
1stdibs.com
DIBS
|
+$12.9M |
| 3 |
XM
Qualtrics International Inc. Class A Common Stock
XM
|
+$6M |
| 4 |
ACV Auctions
ACVA
|
+$5.68M |
| 5 |
TCVA
TCV Acquisition Corp. Class A Ordinary Shares
TCVA
|
+$4.59M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Uber
UBER
|
+$25.6M |
| 2 |
PayPal
PYPL
|
+$14.5M |
| 3 |
Zillow
Z
|
+$13.3M |
| 4 |
SPLK
Splunk Inc
SPLK
|
+$11M |
| 5 |
DISH
DISH Network Corp.
DISH
|
+$10.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.21% |
| 2 | Communication Services | 19.48% |
| 3 | Consumer Discretionary | 18.13% |
| 4 | Financials | 14.01% |
| 5 | Industrials | 4.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
XM
26
CALL
DELISTED
Qualtrics International Inc. Class A Common Stock
XM
| $11.5M | 1.55% |
+300,000
| New | +$10.5M |
|
|
27
ACV Auctions
ACVA
$1.31B
| $11.4M | 1.54% |
444,979
+194,979
| +78% | +$5.68M |
|
|
TCVA
28
DELISTED
TCV Acquisition Corp. Class A Ordinary Shares
TCVA
| $4.49M | 0.61% |
+452,932
| New | +$4.59M |
|
29
LegalZoom.com
LZ
$1.35B
| $2.65M | 0.36% |
+70,000
| New | +$2.65M |
|
30
Doximity
DOCS
$3.76B
| $1.46M | 0.2% |
+25,000
| New | +$1.4M |
|
|
EDR
31
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $991K | 0.13% |
+35,746
| New | +$1.03M |
|
32
CALL
Affirm
AFRM
$23.9B
| – | – |
-405,000
| Closed | -$28.6M |
|
33
Atlanta Braves Holdings Series B
BATRK
$3.26B
| – | – |
-379,649
| Closed | -$10.6M |
|
34
Coursera
COUR
$1.52B
| – | – |
-20,000
| Closed | -$900K |
|
35
GoodRx Holdings
GDRX
$1.04B
| – | – |
-227,936
| Closed | -$8.89M |
|
|
OLO
36
DELISTED
Olo Inc
OLO
| – | – |
-131,110
| Closed | -$3.46M |
|
37
Palantir
PLTR
$295B
| – | – |
-398,481
| Closed | -$9.28M |
|
38
Unity
U
$13.8B
| – | – |
-62,129
| Closed | -$6.23M |
|
|
39
Uber
UBER
$143B
| – | – |
-470,286
| Closed | -$25.6M |
|
|
SPLK
40
DELISTED
Splunk Inc
SPLK
| – | – |
-86,191
| Closed | -$11M |
|
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ThornTree Capital Partners's Q2 2021 Portfolio in Review
As of Q2 2021, ThornTree Capital Partners held 40 positions worth $741M, down 4.5% from $776M the previous quarter. Its ten largest holdings account for 54% of the portfolio.
ThornTree Capital Partners withdrew a net $85.7M in Q2 2021, closing 9 positions and reducing 11 holdings. Its most notable exit was Uber, an estimated $25.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 28% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, ThornTree Capital Partners opened a new position in FIVE9 worth $18.5M.
- ThornTree Capital Partners's largest Q2 2021 buy was FIVE9: 101,000 shares worth $18.5M.
- ThornTree Capital Partners added most to Qualtrics International Inc. Class A Common Stock in Q2 2021, an estimated $6M increase.
- ThornTree Capital Partners's biggest Q2 2021 reduction was PayPal, cutting an estimated $14.5M.
- ThornTree Capital Partners fully exited Uber in Q2 2021, selling an estimated $25.6M.
- ThornTree Capital Partners's ten largest holdings make up 54% of its $741M portfolio in Q2 2021.
- ThornTree Capital Partners opened 9 new positions and closed 9 in Q2 2021.
- ThornTree Capital Partners's portfolio value fell 4.5% quarter-over-quarter to $741M.
Based on ThornTree Capital Partners's 13F filing for Q2 2021, filed 16 Aug 2021.