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
+12.71%
1 Year Est. Return
+36.37%
3 Year Est. Return
+206.07%
5 Year Est. Return
+135.57%
10 Year Est. Return
–
AUM
$770M
AUM Growth
+$169M
Cap. Flow
+$120M
Cap. Flow %
15.52%
Top 10 Hldgs %
57.14%
Holding
31
New
7
Increased
7
Reduced
7
Closed
5

Top Buys

Rank Stock Value
1
CSGP icon
CoStar Group
CSGP
+$35M
2
KMX icon
CarMax
KMX
+$34.2M
3
WBD icon
Warner Bros
WBD
+$19.3M
4
FERG icon
Ferguson
FERG
+$18.1M
5
BIRK icon
Birkenstock
BIRK
+$17.5M

Top Sells

Rank Stock Value
1
PYPL icon
PayPal
PYPL
+$29.2M
2
SGRY icon
Surgery Partners
SGRY
+$23.8M
3
BOOT icon
Boot Barn
BOOT
+$6.78M
4
VIK icon
Viking Holdings
VIK
+$4.63M
5
META icon
Meta Platforms (Facebook)
META
+$3.28M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 24.95%
2 Communication Services 24.19%
3 Technology 10.34%
4 Financials 10.04%
5 Real Estate 4.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NFLX icon
1
PUT
Netflix
NFLX
$290B
$57.9M 7.52%
650,000
+550,000
+550% +$45.3M
META icon
2
Meta Platforms (Facebook)
META
$1.64T
$52.6M 6.83%
89,856
-5,586
-6% -$3.28M
CIEN icon
3
Ciena
CIEN
$53B
$51.9M 6.74%
611,992
+11,683
+2% +$838K
NFLX icon
4
Netflix
NFLX
$290B
$48.4M 6.29%
543,050
– –
VIK icon
5
Viking Holdings
VIK
$43.3B
$43.1M 5.59%
977,208
-109,114
-10% -$4.63M
AFRM icon
6
Affirm
AFRM
$25.5B
$41.1M 5.33%
674,081
-42,634
-6% -$2.37M
FWONK icon
7
Liberty Media Series C
FWONK
$25.6B
$40.1M 5.2%
432,447
-1,541
-0.4% -$131K
NU icon
8
Nu Holdings
NU
$65.6B
$36.2M 4.71%
3,497,960
+461,257
+15% +$6.14M
KMX icon
9
CarMax
KMX
$8.14B
$35.6M 4.62%
+435,568
New +$34.2M
CSGP icon
10
CoStar Group
CSGP
$12.2B
$33.2M 4.31%
+463,350
New +$35M
ONON icon
11
On Holding
ONON
$12.4B
$32M 4.15%
584,162
+142,718
+32% +$7.56M
MELI icon
12
Mercado Libre
MELI
$92B
$31.9M 4.14%
18,758
– –
DUOL icon
13
Duolingo
DUOL
$6.24B
$27.7M 3.6%
85,532
– –
DUOL icon
14
PUT
Duolingo
DUOL
$6.24B
$27.6M 3.58%
85,000
– –
FERG icon
15
Ferguson
FERG
$45B
$27.5M 3.58%
158,711
+91,019
+134% +$18.1M
FLUT icon
16
PUT
Flutter Entertainment
FLUT
$18.5B
$25.8M 3.36%
+100,000
New +$25.2M
MELI icon
17
PUT
Mercado Libre
MELI
$92B
$25.5M 3.31%
15,000
+7,500
+100% +$14.6M
ACVA icon
18
ACV Auctions
ACVA
$1.3B
$22.5M 2.92%
1,040,719
+222,854
+27% +$4.51M
AD
19
Array Digital Infrastructure
AD
$3.03B
$22.1M 2.87%
351,923
-52,048
-13% -$3.18M
WBD icon
20
Warner Bros
WBD
$67.4B
$22M 2.85%
+2,078,165
New +$19.3M
BIRK icon
21
Birkenstock
BIRK
$8.16B
$19.5M 2.53%
+344,257
New +$17.5M
FERG icon
22
PUT
Ferguson
FERG
$45B
$17.4M 2.25%
+100,000
New +$19.9M
ONON icon
23
PUT
On Holding
ONON
$12.4B
$12M 1.56%
220,000
-220,000
-50% -$11.7M
NU icon
24
CALL
Nu Holdings
NU
$65.6B
$7.77M 1.01%
+750,000
New +$9.98M
BOOT icon
25
Boot Barn
BOOT
$4.63B
$7.59M 0.99%
50,000
-45,919
-48% -$6.78M
1
2

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 Q4 2024 Portfolio in Review

As of Q4 2024, ThornTree Capital Partners held 31 positions worth $770M, up 28% from $601M the previous quarter. Its ten largest holdings account for 57% of the portfolio.

ThornTree Capital Partners deployed $120M of net new capital in Q4 2024, opening 7 new positions and adding to 7 existing holdings. Its largest new stake was CoStar Group: 463,350 shares worth $33.2M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, up from 22% a quarter earlier, followed by Communication Services and Technology.

On the sell side, the largest reduction was Boot Barn, an estimated $6.78M trimmed.

  • ThornTree Capital Partners's largest Q4 2024 buy was CoStar Group: 463,350 shares worth $33.2M.
  • ThornTree Capital Partners added most to Ferguson in Q4 2024, an estimated $18.1M increase.
  • ThornTree Capital Partners's biggest Q4 2024 reduction was Boot Barn, cutting an estimated $6.78M.
  • ThornTree Capital Partners fully exited PayPal in Q4 2024, selling an estimated $29.2M.
  • ThornTree Capital Partners's ten largest holdings make up 57% of its $770M portfolio in Q4 2024.
  • ThornTree Capital Partners opened 7 new positions and closed 5 in Q4 2024.
  • ThornTree Capital Partners's portfolio value rose 28% quarter-over-quarter to $770M.

Based on ThornTree Capital Partners's 13F filing for Q4 2024, filed 14 Feb 2025.