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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
+14.48%
1 Year Est. Return
+36.37%
3 Year Est. Return
+206.07%
5 Year Est. Return
+135.57%
10 Year Est. Return
–
AUM
$609M
AUM Growth
+$226M
Cap. Flow
+$160M
Cap. Flow %
26.36%
Top 10 Hldgs %
62.46%
Holding
28
New
10
Increased
8
Reduced
5
Closed
3

Top Buys

Rank Stock Value
1
AKAM icon
Akamai
AKAM
+$23.3M
2
PYPL icon
PayPal
PYPL
+$22.9M
3
SGRY icon
Surgery Partners
SGRY
+$18.8M
4
FIVN icon
FIVE9
FIVN
+$17.2M
5
TNL icon
Travel + Leisure Co
TNL
+$13.8M

Top Sells

Rank Stock Value
1
SPLK
Splunk Inc
SPLK
+$40.8M
2
SIX
Six Flags Entertainment Corp.
SIX
+$10.7M
3
BFAM icon
Bright Horizons
BFAM
+$10.3M
4
FERG icon
Ferguson
FERG
+$7.07M
5
BC icon
Brunswick
BC
+$1.67M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 19.6%
2 Technology 19.38%
3 Communication Services 19.11%
4 Financials 14.62%
5 Industrials 5.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BFAM icon
26
Bright Horizons
BFAM
$3.97B
– –
-125,841
Closed -$10.3M
SIX
27
DELISTED
Six Flags Entertainment Corp.
SIX
– –
-455,257
Closed -$10.7M
SPLK
28
DELISTED
Splunk Inc
SPLK
– –
-279,202
Closed -$40.8M
1
2

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AAS
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ThornTree Capital Partners's Q4 2023 Portfolio in Review

As of Q4 2023, ThornTree Capital Partners held 28 positions worth $609M, up 59% from $382M the previous quarter. Its ten largest holdings account for 62% of the portfolio.

ThornTree Capital Partners deployed $160M of net new capital in Q4 2023, opening 10 new positions and adding to 8 existing holdings. Its largest new stake was Akamai: 209,248 shares worth $24.8M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, down from 26% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the largest reduction was Ferguson, an estimated $7.07M trimmed.

  • ThornTree Capital Partners's largest Q4 2023 buy was Akamai: 209,248 shares worth $24.8M.
  • ThornTree Capital Partners added most to PayPal in Q4 2023, an estimated $22.9M increase.
  • ThornTree Capital Partners's biggest Q4 2023 reduction was Ferguson, cutting an estimated $7.07M.
  • ThornTree Capital Partners fully exited Splunk Inc in Q4 2023, selling an estimated $40.8M.
  • ThornTree Capital Partners's ten largest holdings make up 62% of its $609M portfolio in Q4 2023.
  • ThornTree Capital Partners opened 10 new positions and closed 3 in Q4 2023.
  • ThornTree Capital Partners's portfolio value rose 59% quarter-over-quarter to $609M.

Based on ThornTree Capital Partners's 13F filing for Q4 2023, filed 14 Feb 2024.