We are live on ! Find out more
TCP

ThornTree Capital Partners Portfolio holdings

AUM $564M
1-Year Est. Return 36.37%
This Fund
S&P 500
This Quarter Est. Return
-16.7%
1 Year Est. Return
+36.37%
3 Year Est. Return
+206.07%
5 Year Est. Return
+135.57%
10 Year Est. Return
–
AUM
$360M
AUM Growth
-$3.3M
Cap. Flow
+$132M
Cap. Flow %
36.52%
Top 10 Hldgs %
69.98%
Holding
22
New
7
Increased
7
Reduced
7
Closed
1

Top Buys

Rank Stock Value
1
AZUL
Azul
AZUL
+$43.7M
2
WW
WW International
WW
+$41.8M
3
UBER icon
Uber
UBER
+$28.1M
4
NET icon
Cloudflare
NET
+$23.6M
5
OUT icon
Outfront Media
OUT
+$19.3M

Top Sells

Rank Stock Value
1
ETSY icon
Etsy
ETSY
+$26.3M
2
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
+$18.2M
3
TWTR
Twitter, Inc.
TWTR
+$14.2M
4
PINS icon
Pinterest
PINS
+$12.5M
5
Z icon
Zillow
Z
+$11M

Sector Composition

Rank Sector Weight
1 Technology 35.98%
2 Communication Services 25.59%
3 Consumer Discretionary 15.28%
4 Financials 6.45%
5 Industrials 5.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WW
1
DELISTED
WW International
WW
$36.3M 10.06%
2,144,332
+1,344,848
+168% +$41.8M
UBER icon
2
Uber
UBER
$147B
$32.8M 9.1%
1,174,587
+853,100
+265% +$28.1M
NET icon
3
Cloudflare
NET
$98.6B
$28.5M 7.9%
+1,212,492
New +$23.6M
Z icon
4
Zillow
Z
$7.76B
$26.9M 7.46%
746,846
-238,410
-24% -$11M
MNTV
5
DELISTED
Momentive Global Inc. Common Stock
MNTV
$25.6M 7.11%
1,896,653
+413,165
+28% +$7.1M
SMAR
6
DELISTED
Smartsheet Inc.
SMAR
$22.5M 6.23%
540,934
+50,475
+10% +$2.29M
AZUL
7
DELISTED
Azul
AZUL
$20.6M 5.73%
2,026,245
+1,379,934
+214% +$43.7M
TWTR
8
DELISTED
Twitter, Inc.
TWTR
$20.4M 5.67%
832,555
-437,769
-34% -$14.2M
DOCU
9
DocuSign
DOCU
$10.1B
$19.4M 5.39%
210,213
-135,660
-39% -$10.9M
PYPL icon
10
PayPal
PYPL
$49.9B
$19.2M 5.32%
200,383
+19,887
+11% +$2.2M
TWLO icon
11
Twilio
TWLO
$31.4B
$19M 5.26%
211,922
-38,800
-15% -$4.26M
AMZN icon
12
Amazon
AMZN
$2.66T
$18.8M 5.22%
+192,840
New +$18.7M
LSXMA
13
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$10.7M 2.98%
+469,361
New +$14.8M
OUT icon
14
Outfront Media
OUT
$5.85B
$10.5M 2.91%
+789,010
New +$19.3M
PINS icon
15
Pinterest
PINS
$13B
$9.71M 2.69%
628,967
-640,178
-50% -$12.5M
BATRK icon
16
Atlanta Braves Holdings Series B
BATRK
$3.31B
$9.52M 2.64%
+499,562
New +$12.8M
VAPO
17
DELISTED
Vapotherm, Inc. Common Stock
VAPO
$8.46M 2.35%
+56,163
New +$5.07M
PLAN
18
DELISTED
Anaplan, Inc.
PLAN
$7.55M 2.1%
+249,561
New +$12.4M
ARCE
19
DELISTED
Arco Platform Limited Class A Common Shares
ARCE
$5.32M 1.48%
125,901
-187,800
-60% -$9.3M
LSXMK
20
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$4.57M 1.27%
189,533
-542,243
-74% -$18.2M
XP icon
21
XP
XP
$8.61B
$4.06M 1.13%
210,266
+185,266
+741% +$6.26M
ETSY icon
22
Etsy
ETSY
$7.98B
– –
-592,961
Closed -$26.3M

Similar funds

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
Lavaca Capital Houston, Texas $564M AUM 4.6% 1-Year Est. Return
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 Q1 2020 Portfolio in Review

As of Q1 2020, ThornTree Capital Partners held 22 positions worth $360M, down 0.91% from $364M the previous quarter. Its ten largest holdings account for 70% of the portfolio.

ThornTree Capital Partners deployed $132M of net new capital in Q1 2020, opening 7 new positions and adding to 7 existing holdings. Its largest new stake was Cloudflare: 1,212,492 shares worth $28.5M.

By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 23% a quarter earlier, followed by Communication Services and Consumer Discretionary.

On the sell side, the largest reduction was Liberty Media Corporation Series C Liberty SiriusXM Common Stock, an estimated $18.2M trimmed.

  • ThornTree Capital Partners's largest Q1 2020 buy was Cloudflare: 1,212,492 shares worth $28.5M.
  • ThornTree Capital Partners added most to Azul in Q1 2020, an estimated $43.7M increase.
  • ThornTree Capital Partners's biggest Q1 2020 reduction was Liberty Media Corporation Series C Liberty SiriusXM Common Stock, cutting an estimated $18.2M.
  • ThornTree Capital Partners fully exited Etsy in Q1 2020, selling an estimated $26.3M.
  • ThornTree Capital Partners's ten largest holdings make up 70% of its $360M portfolio in Q1 2020.
  • ThornTree Capital Partners opened 7 new positions and closed 1 in Q1 2020.
  • ThornTree Capital Partners's portfolio value fell 0.91% quarter-over-quarter to $360M.

Based on ThornTree Capital Partners's 13F filing for Q1 2020, filed 14 May 2020.