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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
+17.93%
1 Year Est. Return
+36.37%
3 Year Est. Return
+206.07%
5 Year Est. Return
+135.57%
10 Year Est. Return
–
AUM
$601M
AUM Growth
+$14.3M
Cap. Flow
-$73.8M
Cap. Flow %
-12.28%
Top 10 Hldgs %
61.79%
Holding
29
New
8
Increased
2
Reduced
11
Closed
5

Top Buys

Rank Stock Value
1
CIEN icon
Ciena
CIEN
+$31.6M
2
VIK icon
Viking Holdings
VIK
+$6.56M
3
ACVA icon
ACV Auctions
ACVA
+$3.11M

Top Sells

Rank Stock Value
1
INTU icon
Intuit
INTU
+$28.9M
2
TKO icon
TKO Group
TKO
+$27M
3
CFLT
Confluent
CFLT
+$25.3M
4
TCOM icon
Trip.com Group
TCOM
+$22.8M
5
BOOT icon
Boot Barn
BOOT
+$22.7M

Sector Composition

Rank Sector Weight
1 Communication Services 24.9%
2 Consumer Discretionary 21.82%
3 Financials 16.61%
4 Technology 10.16%
5 Healthcare 3.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CFLT
26
DELISTED
Confluent
CFLT
– –
-857,440
Closed -$25.3M
INTU icon
27
Intuit
INTU
$87.8B
– –
-43,937
Closed -$28.9M
TCOM icon
28
Trip.com Group
TCOM
$29B
– –
-484,810
Closed -$22.8M
TKO icon
29
TKO Group
TKO
$13.7B
– –
-250,131
Closed -$27M
1
2

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ThornTree Capital Partners's Q3 2024 Portfolio in Review

As of Q3 2024, ThornTree Capital Partners held 29 positions worth $601M, up 2.4% from $587M the previous quarter. Its ten largest holdings account for 62% of the portfolio.

ThornTree Capital Partners withdrew a net $73.8M in Q3 2024, closing 5 positions and reducing 11 holdings. Its most notable exit was Intuit, an estimated $28.9M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 25% of assets, down from 33% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, ThornTree Capital Partners opened a new position in Ciena worth $37M.

  • ThornTree Capital Partners's largest Q3 2024 buy was Ciena: 600,309 shares worth $37M.
  • ThornTree Capital Partners added most to Viking Holdings in Q3 2024, an estimated $6.56M increase.
  • ThornTree Capital Partners's biggest Q3 2024 reduction was Boot Barn, cutting an estimated $22.7M.
  • ThornTree Capital Partners fully exited Intuit in Q3 2024, selling an estimated $28.9M.
  • ThornTree Capital Partners's ten largest holdings make up 62% of its $601M portfolio in Q3 2024.
  • ThornTree Capital Partners opened 8 new positions and closed 5 in Q3 2024.
  • ThornTree Capital Partners's portfolio value rose 2.4% quarter-over-quarter to $601M.

Based on ThornTree Capital Partners's 13F filing for Q3 2024, filed 14 Nov 2024.