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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
-1.21%
1 Year Est. Return
+36.37%
3 Year Est. Return
+206.07%
5 Year Est. Return
+135.57%
10 Year Est. Return
–
AUM
$708M
AUM Growth
-$33.5M
Cap. Flow
+$33M
Cap. Flow %
4.66%
Top 10 Hldgs %
51%
Holding
38
New
7
Increased
6
Reduced
11
Closed
8

Top Buys

Rank Stock Value
1
COOK icon
Traeger
COOK
+$30M
2
PLTR icon
Palantir
PLTR
+$26.6M
3
ACVA icon
ACV Auctions
ACVA
+$23.1M
4
GDRX icon
GoodRx Holdings
GDRX
+$19.9M
5
SPLK
Splunk Inc
SPLK
+$17.5M

Top Sells

Rank Stock Value
1
PYPL icon
PayPal
PYPL
+$19.2M
2
FIVN icon
FIVE9
FIVN
+$18.5M
3
DOCU
DocuSign
DOCU
+$17.4M
4
AGGRU
Agile Growth Corp Units
AGGRU
+$15M
5
ETSY icon
Etsy
ETSY
+$13.3M

Sector Composition

Rank Sector Weight
1 Technology 26.57%
2 Consumer Discretionary 22.42%
3 Communication Services 18.51%
4 Financials 13.65%
5 Industrials 3.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ETSY icon
26
Etsy
ETSY
$8.15B
$11.6M 1.64%
55,791
-65,625
-54% -$13.3M
XM
27
DELISTED
Qualtrics International Inc. Class A Common Stock
XM
$11.3M 1.6%
264,975
-191,487
-42% -$8.1M
XYZ
28
CALL
Block Inc
XYZ
$50.1B
$10.3M 1.46%
+43,000
New +$11M
WW
29
CALL
DELISTED
WW International
WW
$8.21M 1.16%
450,000
– –
MEKA
30
DELISTED
MELI Kaszek Pioneer Corp Class A Ordinary Shares
MEKA
$6.63M 0.94%
+600,000
New +$6.66M
DOCS icon
31
Doximity
DOCS
$3.94B
– –
-25,000
Closed -$1.46M
FIVN icon
32
FIVE9
FIVN
$2.27B
– –
-101,000
Closed -$18.5M
LZ icon
33
LegalZoom.com
LZ
$1.39B
– –
-70,000
Closed -$2.65M
PYPL icon
34
PayPal
PYPL
$49.6B
– –
-65,765
Closed -$19.2M
EDR
35
DELISTED
Endeavor Group Holdings, Inc.
EDR
– –
-35,746
Closed -$991K
XM
36
CALL
DELISTED
Qualtrics International Inc. Class A Common Stock
XM
– –
-300,000
Closed -$11.5M
TCVA
37
DELISTED
TCV Acquisition Corp. Class A Ordinary Shares
TCVA
– –
-452,932
Closed -$4.49M
AGGRU
38
DELISTED
Agile Growth Corp Units
AGGRU
– –
-1,500,000
Closed -$15M
1
2

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AAS
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ThornTree Capital Partners's Q3 2021 Portfolio in Review

As of Q3 2021, ThornTree Capital Partners held 38 positions worth $708M, down 4.5% from $741M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

ThornTree Capital Partners deployed $33M of net new capital in Q3 2021, opening 7 new positions and adding to 6 existing holdings. Its largest new stake was Traeger: 24,054 shares worth $25.2M.

By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was DocuSign, an estimated $17.4M trimmed.

  • ThornTree Capital Partners's largest Q3 2021 buy was Traeger: 24,054 shares worth $25.2M.
  • ThornTree Capital Partners added most to ACV Auctions in Q3 2021, an estimated $23.1M increase.
  • ThornTree Capital Partners's biggest Q3 2021 reduction was DocuSign, cutting an estimated $17.4M.
  • ThornTree Capital Partners fully exited PayPal in Q3 2021, selling an estimated $19.2M.
  • ThornTree Capital Partners's ten largest holdings make up 51% of its $708M portfolio in Q3 2021.
  • ThornTree Capital Partners opened 7 new positions and closed 8 in Q3 2021.
  • ThornTree Capital Partners's portfolio value fell 4.5% quarter-over-quarter to $708M.

Based on ThornTree Capital Partners's 13F filing for Q3 2021, filed 15 Nov 2021.