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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
+17.35%
1 Year Est. Return
+36.37%
3 Year Est. Return
+206.07%
5 Year Est. Return
+135.57%
10 Year Est. Return
–
AUM
$593M
AUM Growth
-$15.9M
Cap. Flow
-$87.1M
Cap. Flow %
-14.7%
Top 10 Hldgs %
69.14%
Holding
28
New
3
Increased
5
Reduced
9
Closed
8

Top Buys

Rank Stock Value
1
BOOT icon
Boot Barn
BOOT
+$30.2M
2
AMZN icon
Amazon
AMZN
+$25.8M
3
DOCU
DocuSign
DOCU
+$22.2M
4
NFLX icon
Netflix
NFLX
+$19.3M
5
P
Everpure Inc
P
+$19.1M

Top Sells

Rank Stock Value
1
AKAM icon
Akamai
AKAM
+$24.8M
2
FIVN icon
FIVE9
FIVN
+$19.4M
3
BC icon
Brunswick
BC
+$14.5M
4
META icon
Meta Platforms (Facebook)
META
+$12.3M
5
INTU icon
Intuit
INTU
+$7.79M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 30.06%
2 Communication Services 25.25%
3 Technology 18.99%
4 Financials 16.74%
5 Industrials 6.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
META icon
26
PUT
Meta Platforms (Facebook)
META
$1.5T
– –
-27,500
Closed -$9.73M
NFLX icon
27
PUT
Netflix
NFLX
$309B
– –
-200,000
Closed -$9.74M
QQQ icon
28
PUT
Invesco QQQ Trust
QQQ
$480B
– –
-152,000
Closed -$62.2M
1
2

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KBG
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ThornTree Capital Partners's Q1 2024 Portfolio in Review

As of Q1 2024, ThornTree Capital Partners held 28 positions worth $593M, down 2.6% from $609M the previous quarter. Its ten largest holdings account for 69% of the portfolio.

ThornTree Capital Partners withdrew a net $87.1M in Q1 2024, closing 8 positions and reducing 9 holdings. Its most notable exit was Akamai, an estimated $24.8M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 30% of assets, up from 20% a quarter earlier, followed by Communication Services and Technology.

Against the trend, ThornTree Capital Partners opened a new position in Boot Barn worth $34.7M.

  • ThornTree Capital Partners's largest Q1 2024 buy was Boot Barn: 365,147 shares worth $34.7M.
  • ThornTree Capital Partners added most to DocuSign in Q1 2024, an estimated $22.2M increase.
  • ThornTree Capital Partners's biggest Q1 2024 reduction was Meta Platforms (Facebook), cutting an estimated $12.3M.
  • ThornTree Capital Partners fully exited Akamai in Q1 2024, selling an estimated $24.8M.
  • ThornTree Capital Partners's ten largest holdings make up 69% of its $593M portfolio in Q1 2024.
  • ThornTree Capital Partners opened 3 new positions and closed 8 in Q1 2024.
  • ThornTree Capital Partners's portfolio value fell 2.6% quarter-over-quarter to $593M.

Based on ThornTree Capital Partners's 13F filing for Q1 2024, filed 15 May 2024.