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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
+2.96%
1 Year Est. Return
+36.37%
3 Year Est. Return
+206.07%
5 Year Est. Return
+135.57%
10 Year Est. Return
–
AUM
$222M
AUM Growth
-$7.4M
Cap. Flow
-$10.7M
Cap. Flow %
-4.81%
Top 10 Hldgs %
75.88%
Holding
19
New
2
Increased
6
Reduced
4
Closed
4

Top Buys

Rank Stock Value
1
SNAP icon
Snap
SNAP
+$15.3M
2
APTV icon
Aptiv
APTV
+$12.5M
3
DISH
DISH Network Corp.
DISH
+$3.8M
4
TDG icon
TransDigm Group
TDG
+$3.75M
5
AZUL
Azul
AZUL
+$2.04M

Top Sells

Rank Stock Value
1
WBD icon
Warner Bros
WBD
+$14.9M
2
KEX icon
Kirby Corp
KEX
+$12.5M
3
BABA icon
Alibaba
BABA
+$12M
4
BKNG icon
Booking.com
BKNG
+$4.35M
5
SITE icon
SiteOne Landscape Supply
SITE
+$4.24M

Sector Composition

Rank Sector Weight
1 Communication Services 46.42%
2 Industrials 24.29%
3 Technology 11.21%
4 Real Estate 7.14%
5 Financials 5.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SITE icon
1
SiteOne Landscape Supply
SITE
$4.6B
$24.6M 11.08%
321,116
-62,560
-16% -$4.24M
DISH
2
DELISTED
DISH Network Corp.
DISH
$19.7M 8.88%
413,380
+76,292
+23% +$3.8M
FWONK icon
3
Liberty Media Series C
FWONK
$25.6B
$16.7M 7.52%
506,385
+54,300
+12% +$1.96M
FWONA icon
4
Liberty Media Series A
FWONA
$23.5B
$16.5M 7.43%
527,368
– –
TDG icon
5
TransDigm Group
TDG
$67.9B
$16.1M 7.25%
58,700
+13,800
+31% +$3.75M
SBAC icon
6
SBA Communications
SBAC
$19.7B
$15.9M 7.14%
97,148
+11,600
+14% +$1.84M
VSAT icon
7
Viasat
VSAT
$9.76B
$15.7M 7.04%
209,100
-50,600
-19% -$3.51M
SNAP icon
8
Snap
SNAP
$7.62B
$15.3M 6.9%
+1,050,400
New +$15.3M
NBIS
9
Nebius Group N.V.
NBIS
$45.1B
$14.9M 6.68%
453,755
+55,700
+14% +$1.82M
AZUL
10
DELISTED
Azul
AZUL
$13.3M 5.97%
556,801
+79,800
+17% +$2.04M
PYPL icon
11
PayPal
PYPL
$49.9B
$13.2M 5.94%
179,379
-25,518
-12% -$1.85M
TEO icon
12
Telecom Argentina
TEO
$5.65B
$12.2M 5.49%
333,398
– –
APTV icon
13
Aptiv
APTV
$12.2B
$11.1M 5.01%
+131,200
New +$12.5M
GEN icon
14
Gen Digital
GEN
$16.1B
$9.28M 4.17%
330,617
-11,400
-3% -$341K
BATRA icon
15
Atlanta Braves Holdings Series A
BATRA
$3.63B
$7.82M 3.52%
354,679
– –
BABA icon
16
Alibaba
BABA
$276B
– –
-69,709
Closed -$12M
BKNG icon
17
Booking.com
BKNG
$141B
– –
-59,450
Closed -$4.35M
KEX icon
18
Kirby Corp
KEX
$7.71B
– –
-189,426
Closed -$12.5M
WBD icon
19
Warner Bros
WBD
$67.4B
– –
-700,162
Closed -$14.9M

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PSC
Patient Square Capital Menlo Park, California $564M AUM 261.3% 1-Year Est. Return
KF
KKM Financial Chicago, Illinois $563M AUM 28.2% 1-Year Est. Return
AHSW
Adventist Health System West Roseville, California $564M AUM 17.1% 1-Year Est. Return
AAS
Asset Allocation Strategies Farmington, Michigan $563M AUM 15.65% 1-Year Est. Return
KBG
Kahn Brothers Group New York $564M AUM 25.3% 1-Year Est. Return
LC
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AMCA
Arthur M. Cohen & Associates Northbrook, Illinois $563M AUM 20.97% 1-Year Est. Return
GWAG
Garrett Wealth Advisory Group Weatherford, Texas $562M AUM 16.6% 1-Year Est. Return

ThornTree Capital Partners's Q4 2017 Portfolio in Review

As of Q4 2017, ThornTree Capital Partners held 19 positions worth $222M, down 3.2% from $230M the previous quarter. Its ten largest holdings account for 76% of the portfolio.

ThornTree Capital Partners withdrew a net $10.7M in Q4 2017, closing 4 positions and reducing 4 holdings. Its most notable exit was Warner Bros, an estimated $14.9M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 46% of assets, up from 44% a quarter earlier, followed by Industrials and Technology.

Against the trend, ThornTree Capital Partners opened a new position in Snap worth $15.3M.

  • ThornTree Capital Partners's largest Q4 2017 buy was Snap: 1,050,400 shares worth $15.3M.
  • ThornTree Capital Partners added most to DISH Network Corp. in Q4 2017, an estimated $3.8M increase.
  • ThornTree Capital Partners's biggest Q4 2017 reduction was SiteOne Landscape Supply, cutting an estimated $4.24M.
  • ThornTree Capital Partners fully exited Warner Bros in Q4 2017, selling an estimated $14.9M.
  • ThornTree Capital Partners's ten largest holdings make up 76% of its $222M portfolio in Q4 2017.
  • ThornTree Capital Partners opened 2 new positions and closed 4 in Q4 2017.
  • ThornTree Capital Partners's portfolio value fell 3.2% quarter-over-quarter to $222M.

Based on ThornTree Capital Partners's 13F filing for Q4 2017, filed 13 Feb 2018.