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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
1
Meta Platforms (Facebook)
META
$1.64T
$53.4M 9.01%
110,019
-27,485
-20% -$12.3M
PYPL icon
2
PayPal
PYPL
$49.9B
$52.2M 8.81%
779,213
-91,998
-11% -$5.65M
NU icon
3
Nu Holdings
NU
$65.6B
$47M 7.94%
3,942,782
-320,946
-8% -$3.28M
NFLX icon
4
Netflix
NFLX
$290B
$44.7M 7.54%
735,910
+342,570
+87% +$19.3M
DOCU
5
DocuSign
DOCU
$10.1B
$39.8M 6.71%
667,789
+393,981
+144% +$22.2M
TCOM icon
6
Trip.com Group
TCOM
$26.7B
$37.9M 6.39%
862,646
+261,951
+44% +$10.6M
FERG icon
7
Ferguson
FERG
$45B
$36.9M 6.22%
168,716
-251
-0.1% -$50K
BOOT icon
8
Boot Barn
BOOT
$4.63B
$34.7M 5.86%
+365,147
New +$30.2M
INTU icon
9
Intuit
INTU
$79.6B
$31.7M 5.34%
48,740
-12,203
-20% -$7.79M
FWONK icon
10
Liberty Media Series C
FWONK
$25.6B
$31.6M 5.33%
481,601
+34,415
+8% +$2.31M
MELI icon
11
Mercado Libre
MELI
$92B
$31.3M 5.28%
20,719
-1,508
-7% -$2.47M
AMZN icon
12
Amazon
AMZN
$2.66T
$27.9M 4.7%
+154,590
New +$25.8M
P
13
Everpure Inc
P
$23.1B
$22.2M 3.75%
+427,806
New +$19.1M
AD
14
Array Digital Infrastructure
AD
$3.03B
$19.2M 3.24%
526,102
+53,900
+11% +$2.1M
DUOL icon
15
Duolingo
DUOL
$6.24B
$18.9M 3.18%
85,532
– –
TNL icon
16
Travel + Leisure Co
TNL
$4.57B
$18.6M 3.13%
379,428
– –
SGRY icon
17
Surgery Partners
SGRY
$2.09B
$16.3M 2.75%
546,080
-101,287
-16% -$3.17M
ONON icon
18
On Holding
ONON
$12.4B
$15.6M 2.63%
441,444
-219,616
-33% -$6.71M
ACVA icon
19
ACV Auctions
ACVA
$1.3B
$12.2M 2.06%
649,074
-380,780
-37% -$5.96M
LLYVK icon
20
Liberty Live Group Series C
LLYVK
$9.45B
$740K 0.12%
16,891
– –
AKAM icon
21
Akamai
AKAM
$17.5B
– –
-209,248
Closed -$24.8M
BC icon
22
Brunswick
BC
$5.23B
– –
-149,941
Closed -$14.5M
DUOL icon
23
PUT
Duolingo
DUOL
$6.24B
– –
-85,000
Closed -$19.3M
FIVN icon
24
FIVE9
FIVN
$1.96B
– –
-246,839
Closed -$19.4M
MELI icon
25
PUT
Mercado Libre
MELI
$92B
– –
-7,500
Closed -$11.8M
1
2

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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.