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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
+37.27%
1 Year Est. Return
+36.37%
3 Year Est. Return
+206.07%
5 Year Est. Return
+135.57%
10 Year Est. Return
–
AUM
$403M
AUM Growth
+$98.4M
Cap. Flow
+$8.72M
Cap. Flow %
2.17%
Top 10 Hldgs %
71.09%
Holding
24
New
7
Increased
6
Reduced
5
Closed
6

Top Buys

Rank Stock Value
1
PYPL icon
PayPal
PYPL
+$29.2M
2
SIX
Six Flags Entertainment Corp.
SIX
+$23.2M
3
FWONK icon
Liberty Media Series C
FWONK
+$21M
4
ADI icon
Analog Devices
ADI
+$19.3M
5
NU icon
Nu Holdings
NU
+$14.4M

Top Sells

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$28.3M
2
ABNB icon
Airbnb
ABNB
+$22.6M
3
AMZN icon
Amazon
AMZN
+$20.8M
4
PENN icon
PENN Entertainment
PENN
+$18.5M
5
XP icon
XP
XP
+$15.9M

Sector Composition

Rank Sector Weight
1 Communication Services 37.76%
2 Consumer Discretionary 28.77%
3 Technology 22.49%
4 Financials 10.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
META icon
1
Meta Platforms (Facebook)
META
$1.64T
$58M 14.42%
273,880
-166,381
-38% -$28.3M
ONON icon
2
On Holding
ONON
$12.4B
$33.3M 8.28%
1,073,525
+2,350
+0.2% +$53.2K
PYPL icon
3
PayPal
PYPL
$49.9B
$28.8M 7.15%
+378,998
New +$29.2M
MELI icon
4
Mercado Libre
MELI
$92B
$27.4M 6.8%
20,753
+2,120
+11% +$2.41M
TTWO icon
5
Take-Two Interactive
TTWO
$43.9B
$24.6M 6.1%
205,865
+183
+0.1% +$20.4K
NFLX icon
6
Netflix
NFLX
$290B
$23.6M 5.88%
684,520
+75,290
+12% +$2.49M
SPLK
7
DELISTED
Splunk Inc
SPLK
$23.4M 5.82%
244,499
-39,775
-14% -$3.81M
SIX
8
DELISTED
Six Flags Entertainment Corp.
SIX
$23.2M 5.77%
+869,342
New +$23.2M
FWONK icon
9
Liberty Media Series C
FWONK
$25.6B
$22.5M 5.59%
+310,921
New +$21M
ADI icon
10
Analog Devices
ADI
$183B
$21.3M 5.29%
+107,910
New +$19.3M
TCOM icon
11
Trip.com Group
TCOM
$26.7B
$20.5M 5.09%
543,765
-10,675
-2% -$397K
INTU icon
12
Intuit
INTU
$79.6B
$18.2M 4.53%
40,916
+15,440
+61% +$6.34M
DUOL icon
13
Duolingo
DUOL
$6.24B
$16.6M 4.13%
116,506
-11,149
-9% -$1.15M
NU icon
14
Nu Holdings
NU
$65.6B
$15.4M 3.83%
+3,241,543
New +$14.4M
GOOS
15
Canada Goose Holdings
GOOS
$958M
$13.2M 3.28%
+686,582
New +$13.6M
ACVA icon
16
ACV Auctions
ACVA
$1.3B
$12.7M 3.17%
987,057
-132,667
-12% -$1.45M
RPD icon
17
Rapid7
RPD
$815M
$11M 2.72%
+238,791
New +$10.2M
BFAM icon
18
Bright Horizons
BFAM
$4.03B
$8.68M 2.16%
112,761
+26,830
+31% +$2.06M
ABNB icon
19
Airbnb
ABNB
$86.6B
– –
-264,109
Closed -$22.6M
AMZN icon
20
Amazon
AMZN
$2.66T
– –
-247,778
Closed -$20.8M
FIVN icon
21
FIVE9
FIVN
$1.96B
– –
-102,999
Closed -$6.99M
PENN icon
22
PENN Entertainment
PENN
$2.75B
– –
-621,377
Closed -$18.5M
RCI icon
23
Rogers Communications
RCI
$18.7B
– –
-335,000
Closed -$15.7M
XP icon
24
XP
XP
$8.61B
– –
-1,039,668
Closed -$15.9M

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KF
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AHSW
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AAS
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KBG
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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 Q1 2023 Portfolio in Review

As of Q1 2023, ThornTree Capital Partners held 24 positions worth $403M, up 32% from $304M the previous quarter. Its ten largest holdings account for 71% of the portfolio.

ThornTree Capital Partners's Q1 2023 filing shows 7 new, 6 increased, 5 reduced and 6 closed positions. Its largest new stake was PayPal: 378,998 shares worth $28.8M. The largest sale was Meta Platforms (Facebook), an estimated $28.3M.

By sector, the portfolio is most concentrated in Communication Services at 38% of assets, up from 36% a quarter earlier, followed by Consumer Discretionary and Technology.

  • ThornTree Capital Partners's largest Q1 2023 buy was PayPal: 378,998 shares worth $28.8M.
  • ThornTree Capital Partners added most to Intuit in Q1 2023, an estimated $6.34M increase.
  • ThornTree Capital Partners's biggest Q1 2023 reduction was Meta Platforms (Facebook), cutting an estimated $28.3M.
  • ThornTree Capital Partners fully exited Airbnb in Q1 2023, selling an estimated $22.6M.
  • ThornTree Capital Partners's ten largest holdings make up 71% of its $403M portfolio in Q1 2023.
  • ThornTree Capital Partners opened 7 new positions and closed 6 in Q1 2023.
  • ThornTree Capital Partners's portfolio value rose 32% quarter-over-quarter to $403M.

Based on ThornTree Capital Partners's 13F filing for Q1 2023, filed 15 May 2023.