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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
+23.78%
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
+$148M
Cap. Flow
+$42.2M
Cap. Flow %
7.02%
Top 10 Hldgs %
68.26%
Holding
21
New
2
Increased
7
Reduced
5
Closed
4

Top Buys

Rank Stock Value
1
DKS icon
Dick's Sporting Goods
DKS
+$31.6M
2
TSLA icon
Tesla
TSLA
+$16.9M
3
RL icon
Ralph Lauren
RL
+$14.5M
4
FERG icon
Ferguson
FERG
+$13.6M
5
CSGP icon
CoStar Group
CSGP
+$9.29M

Top Sells

Rank Stock Value
1
WBD icon
Warner Bros
WBD
+$19.2M
2
AD
Array Digital Infrastructure
AD
+$13.9M
3
VIK icon
Viking Holdings
VIK
+$7.65M
4
BOOT icon
Boot Barn
BOOT
+$5.37M
5
INTU icon
Intuit
INTU
+$5.04M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 35.6%
2 Communication Services 22.35%
3 Technology 16.58%
4 Financials 13.23%
5 Real Estate 6.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
META icon
1
Meta Platforms (Facebook)
META
$1.49T
$56.3M 9.37%
76,272
– –
VIK icon
2
Viking Holdings
VIK
$45.8B
$41.9M 6.97%
785,860
-173,197
-18% -$7.65M
CSGP icon
3
CoStar Group
CSGP
$12.2B
$41.2M 6.86%
512,507
+119,309
+30% +$9.29M
AFRM icon
4
Affirm
AFRM
$23.5B
$40.9M 6.8%
591,076
-71,765
-11% -$3.72M
KMX icon
5
CarMax
KMX
$8.39B
$40.8M 6.79%
606,928
+136,860
+29% +$9.2M
NFLX icon
6
Netflix
NFLX
$307B
$40.3M 6.71%
300,810
– –
INTU icon
7
Intuit
INTU
$91.1B
$38.7M 6.44%
49,089
-7,454
-13% -$5.04M
NU icon
8
Nu Holdings
NU
$67.8B
$38.6M 6.42%
2,812,435
+192,187
+7% +$2.3M
FWONK icon
9
Liberty Media Series C
FWONK
$25.5B
$37.7M 6.27%
360,379
+54,993
+18% +$5.11M
DKS icon
10
Dick's Sporting Goods
DKS
$18.4B
$33.8M 5.62%
+170,731
New +$31.6M
FERG icon
11
Ferguson
FERG
$43.9B
$32.3M 5.38%
148,481
+73,814
+99% +$13.6M
RL icon
12
Ralph Lauren
RL
$22.4B
$32.2M 5.36%
117,470
+58,764
+100% +$14.5M
CIEN icon
13
Ciena
CIEN
$46.8B
$30.8M 5.13%
378,962
-54,527
-13% -$3.91M
CFLT
14
DELISTED
Confluent
CFLT
$30.1M 5.01%
1,207,633
+148,293
+14% +$3.34M
MELI icon
15
Mercado Libre
MELI
$94.5B
$27.8M 4.63%
10,642
– –
ONON icon
16
On Holding
ONON
$12.6B
$19.6M 3.26%
376,178
-74,104
-16% -$3.78M
TSLA icon
17
Tesla
TSLA
$1.18T
$17.8M 2.96%
+55,941
New +$16.9M
BOOT icon
18
Boot Barn
BOOT
$4.58B
– –
-50,000
Closed -$5.37M
LLYVK icon
19
Liberty Live Group Series C
LLYVK
$9.54B
– –
-16,891
Closed -$1.15M
AD
20
Array Digital Infrastructure
AD
$3.04B
– –
-200,366
Closed -$13.9M
WBD icon
21
Warner Bros
WBD
$64.3B
– –
-1,792,720
Closed -$19.2M

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PSC
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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
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GWAG
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ThornTree Capital Partners's Q2 2025 Portfolio in Review

As of Q2 2025, ThornTree Capital Partners held 21 positions worth $601M, up 33% from $453M the previous quarter. Its ten largest holdings account for 68% of the portfolio.

ThornTree Capital Partners deployed $42.2M of net new capital in Q2 2025, opening 2 new positions and adding to 7 existing holdings. Its largest new stake was Dick's Sporting Goods: 170,731 shares worth $33.8M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 36% of assets, up from 29% a quarter earlier, followed by Communication Services and Technology.

On the sell side, the largest reduction was Viking Holdings, an estimated $7.65M trimmed.

  • ThornTree Capital Partners's largest Q2 2025 buy was Dick's Sporting Goods: 170,731 shares worth $33.8M.
  • ThornTree Capital Partners added most to Ralph Lauren in Q2 2025, an estimated $14.5M increase.
  • ThornTree Capital Partners's biggest Q2 2025 reduction was Viking Holdings, cutting an estimated $7.65M.
  • ThornTree Capital Partners fully exited Warner Bros in Q2 2025, selling an estimated $19.2M.
  • ThornTree Capital Partners's ten largest holdings make up 68% of its $601M portfolio in Q2 2025.
  • ThornTree Capital Partners opened 2 new positions and closed 4 in Q2 2025.
  • ThornTree Capital Partners's portfolio value rose 33% quarter-over-quarter to $601M.

Based on ThornTree Capital Partners's 13F filing for Q2 2025, filed 14 Aug 2025.