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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
+17.93%
1 Year Est. Return
+36.37%
3 Year Est. Return
+206.07%
5 Year Est. Return
+135.57%
10 Year Est. Return
–
AUM
$601M
AUM Growth
+$14.3M
Cap. Flow
-$73.8M
Cap. Flow %
-12.28%
Top 10 Hldgs %
61.79%
Holding
29
New
8
Increased
2
Reduced
11
Closed
5

Top Buys

Rank Stock Value
1
CIEN icon
Ciena
CIEN
+$31.6M
2
VIK icon
Viking Holdings
VIK
+$6.56M
3
ACVA icon
ACV Auctions
ACVA
+$3.11M

Top Sells

Rank Stock Value
1
INTU icon
Intuit
INTU
+$28.9M
2
TKO icon
TKO Group
TKO
+$27M
3
CFLT
Confluent
CFLT
+$25.3M
4
TCOM icon
Trip.com Group
TCOM
+$22.8M
5
BOOT icon
Boot Barn
BOOT
+$22.7M

Sector Composition

Rank Sector Weight
1 Communication Services 24.9%
2 Consumer Discretionary 21.82%
3 Financials 16.61%
4 Technology 10.16%
5 Healthcare 3.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
META icon
1
Meta Platforms (Facebook)
META
$1.64T
$54.6M 9.09%
95,442
-7,039
-7% -$3.62M
NU icon
2
Nu Holdings
NU
$65.6B
$41.5M 6.9%
3,036,703
-529,902
-15% -$7.13M
NFLX icon
3
Netflix
NFLX
$290B
$38.5M 6.41%
543,050
-47,440
-8% -$3.17M
MELI icon
4
Mercado Libre
MELI
$92B
$38.5M 6.4%
18,758
-3,755
-17% -$7.07M
VIK icon
5
Viking Holdings
VIK
$43.3B
$37.9M 6.3%
1,086,322
+191,717
+21% +$6.56M
CIEN icon
6
Ciena
CIEN
$53B
$37M 6.15%
+600,309
New +$31.6M
FWONK icon
7
Liberty Media Series C
FWONK
$25.6B
$33.6M 5.59%
433,988
-152,728
-26% -$11.8M
META icon
8
PUT
Meta Platforms (Facebook)
META
$1.64T
$31.5M 5.24%
+55,000
New +$28.3M
AFRM icon
9
Affirm
AFRM
$25.5B
$29.3M 4.87%
716,715
-181,133
-20% -$6.01M
PYPL icon
10
PayPal
PYPL
$49.9B
$29.2M 4.85%
373,594
-101,265
-21% -$6.77M
DUOL icon
11
Duolingo
DUOL
$6.24B
$24.1M 4.01%
85,532
– –
DUOL icon
12
PUT
Duolingo
DUOL
$6.24B
$24M 3.99%
+85,000
New +$17.4M
SGRY icon
13
Surgery Partners
SGRY
$2.09B
$23.8M 3.95%
736,999
-262,950
-26% -$7.77M
ONON icon
14
On Holding
ONON
$12.4B
$22.1M 3.68%
441,444
– –
AD
15
Array Digital Infrastructure
AD
$3.03B
$22.1M 3.67%
403,971
-193,454
-32% -$10.6M
ONON icon
16
PUT
On Holding
ONON
$12.4B
$22.1M 3.67%
+440,000
New +$18.9M
ACVA icon
17
ACV Auctions
ACVA
$1.3B
$16.6M 2.77%
817,865
+168,791
+26% +$3.11M
BOOT icon
18
Boot Barn
BOOT
$4.63B
$16M 2.67%
95,919
-164,858
-63% -$22.7M
MELI icon
19
PUT
Mercado Libre
MELI
$92B
$15.4M 2.56%
+7,500
New +$14.1M
FERG icon
20
Ferguson
FERG
$45B
$13.4M 2.24%
67,692
-59,558
-47% -$12.1M
FLUT icon
21
CALL
Flutter Entertainment
FLUT
$18.5B
$11.9M 1.97%
+50,000
New +$10.4M
NU icon
22
PUT
Nu Holdings
NU
$65.6B
$10.2M 1.7%
+750,000
New +$10.1M
NFLX icon
23
PUT
Netflix
NFLX
$290B
$7.09M 1.18%
+100,000
New +$6.69M
LLYVK icon
24
Liberty Live Group Series C
LLYVK
$9.45B
$867K 0.14%
16,891
– –
BURL icon
25
Burlington
BURL
$21.7B
– –
-76,479
Closed -$18.4M
1
2

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ThornTree Capital Partners's Q3 2024 Portfolio in Review

As of Q3 2024, ThornTree Capital Partners held 29 positions worth $601M, up 2.4% from $587M the previous quarter. Its ten largest holdings account for 62% of the portfolio.

ThornTree Capital Partners withdrew a net $73.8M in Q3 2024, closing 5 positions and reducing 11 holdings. Its most notable exit was Intuit, an estimated $28.9M position sold in full.

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

Against the trend, ThornTree Capital Partners opened a new position in Ciena worth $37M.

  • ThornTree Capital Partners's largest Q3 2024 buy was Ciena: 600,309 shares worth $37M.
  • ThornTree Capital Partners added most to Viking Holdings in Q3 2024, an estimated $6.56M increase.
  • ThornTree Capital Partners's biggest Q3 2024 reduction was Boot Barn, cutting an estimated $22.7M.
  • ThornTree Capital Partners fully exited Intuit in Q3 2024, selling an estimated $28.9M.
  • ThornTree Capital Partners's ten largest holdings make up 62% of its $601M portfolio in Q3 2024.
  • ThornTree Capital Partners opened 8 new positions and closed 5 in Q3 2024.
  • ThornTree Capital Partners's portfolio value rose 2.4% quarter-over-quarter to $601M.

Based on ThornTree Capital Partners's 13F filing for Q3 2024, filed 14 Nov 2024.