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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
+8.24%
1 Year Est. Return
+36.37%
3 Year Est. Return
+206.07%
5 Year Est. Return
+135.57%
10 Year Est. Return
–
AUM
$587M
AUM Growth
-$5.88M
Cap. Flow
-$41M
Cap. Flow %
-6.99%
Top 10 Hldgs %
63.11%
Holding
25
New
5
Increased
4
Reduced
8
Closed
4

Top Buys

Rank Stock Value
1
AFRM icon
Affirm
AFRM
+$28.8M
2
VIK icon
Viking Holdings
VIK
+$27M
3
TKO icon
TKO Group
TKO
+$25.4M
4
CFLT
Confluent
CFLT
+$24.6M
5
BURL icon
Burlington
BURL
+$15.7M

Top Sells

Rank Stock Value
1
DOCU
DocuSign
DOCU
+$39.8M
2
AMZN icon
Amazon
AMZN
+$27.9M
3
P
Everpure Inc
P
+$22.2M
4
PYPL icon
PayPal
PYPL
+$19.4M
5
TCOM icon
Trip.com Group
TCOM
+$19.2M

Sector Composition

Rank Sector Weight
1 Communication Services 33.17%
2 Consumer Discretionary 29.15%
3 Financials 17.15%
4 Technology 12.28%
5 Industrials 4.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
META icon
1
Meta Platforms (Facebook)
META
$1.64T
$51.7M 8.8%
102,481
-7,538
-7% -$3.66M
NU icon
2
Nu Holdings
NU
$65.6B
$46M 7.83%
3,566,605
-376,177
-10% -$4.38M
FWONK icon
3
Liberty Media Series C
FWONK
$25.6B
$42.1M 7.18%
586,716
+105,115
+22% +$7.42M
NFLX icon
4
Netflix
NFLX
$290B
$39.9M 6.79%
590,490
-145,420
-20% -$9.08M
MELI icon
5
Mercado Libre
MELI
$92B
$37M 6.3%
22,513
+1,794
+9% +$2.83M
BOOT icon
6
Boot Barn
BOOT
$4.63B
$33.6M 5.73%
260,777
-104,370
-29% -$11.8M
AD
7
Array Digital Infrastructure
AD
$3.03B
$33.3M 5.68%
597,425
+71,323
+14% +$3.14M
VIK icon
8
Viking Holdings
VIK
$43.3B
$30.4M 5.17%
+894,605
New +$27M
INTU icon
9
Intuit
INTU
$79.6B
$28.9M 4.92%
43,937
-4,803
-10% -$2.98M
PYPL icon
10
PayPal
PYPL
$49.9B
$27.6M 4.7%
474,859
-304,354
-39% -$19.4M
AFRM icon
11
Affirm
AFRM
$25.5B
$27.1M 4.62%
+897,848
New +$28.8M
TKO icon
12
TKO Group
TKO
$13.9B
$27M 4.6%
+250,131
New +$25.4M
CFLT
13
DELISTED
Confluent
CFLT
$25.3M 4.31%
+857,440
New +$24.6M
FERG icon
14
Ferguson
FERG
$45B
$24.6M 4.2%
127,250
-41,466
-25% -$8.7M
SGRY icon
15
Surgery Partners
SGRY
$2.09B
$23.8M 4.05%
999,949
+453,869
+83% +$11.6M
TCOM icon
16
Trip.com Group
TCOM
$26.7B
$22.8M 3.88%
484,810
-377,836
-44% -$19.2M
BURL icon
17
Burlington
BURL
$21.7B
$18.4M 3.13%
+76,479
New +$15.7M
DUOL icon
18
Duolingo
DUOL
$6.24B
$17.8M 3.04%
85,532
– –
ONON icon
19
On Holding
ONON
$12.4B
$17.1M 2.92%
441,444
– –
ACVA icon
20
ACV Auctions
ACVA
$1.3B
$11.8M 2.02%
649,074
– –
LLYVK icon
21
Liberty Live Group Series C
LLYVK
$9.45B
$646K 0.11%
16,891
– –
AMZN icon
22
Amazon
AMZN
$2.66T
– –
-154,590
Closed -$27.9M
DOCU
23
DocuSign
DOCU
$10.1B
– –
-667,789
Closed -$39.8M
P
24
Everpure Inc
P
$23.1B
– –
-427,806
Closed -$22.2M
TNL icon
25
Travel + Leisure Co
TNL
$4.57B
– –
-379,428
Closed -$18.6M

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 Q2 2024 Portfolio in Review

As of Q2 2024, ThornTree Capital Partners held 25 positions worth $587M, down 0.99% from $593M the previous quarter. Its ten largest holdings account for 63% of the portfolio.

ThornTree Capital Partners withdrew a net $41M in Q2 2024, closing 4 positions and reducing 8 holdings. Its most notable exit was DocuSign, an estimated $39.8M position sold in full.

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

Against the trend, ThornTree Capital Partners opened a new position in Affirm worth $27.1M.

  • ThornTree Capital Partners's largest Q2 2024 buy was Affirm: 897,848 shares worth $27.1M.
  • ThornTree Capital Partners added most to Surgery Partners in Q2 2024, an estimated $11.6M increase.
  • ThornTree Capital Partners's biggest Q2 2024 reduction was PayPal, cutting an estimated $19.4M.
  • ThornTree Capital Partners fully exited DocuSign in Q2 2024, selling an estimated $39.8M.
  • ThornTree Capital Partners's ten largest holdings make up 63% of its $587M portfolio in Q2 2024.
  • ThornTree Capital Partners opened 5 new positions and closed 4 in Q2 2024.
  • ThornTree Capital Partners's portfolio value fell 0.99% quarter-over-quarter to $587M.

Based on ThornTree Capital Partners's 13F filing for Q2 2024, filed 14 Aug 2024.