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Toronado Partners Portfolio holdings

AUM $53M
1-Year Est. Return 13.38%
This Fund
S&P 500
This Quarter Est. Return
+20.32%
1 Year Est. Return
+13.38%
3 Year Est. Return
+61.02%
5 Year Est. Return
+30.71%
10 Year Est. Return
–
AUM
$158M
AUM Growth
-$9.08M
Cap. Flow
-$32.3M
Cap. Flow %
-20.44%
Top 10 Hldgs %
95.43%
Holding
12
New
1
Increased
4
Reduced
6
Closed
1

Top Buys

Rank Stock Value
1
TRIP icon
TripAdvisor
TRIP
+$10.4M
2
EVER icon
EverQuote
EVER
+$5.07M
3
PI icon
Impinj
PI
+$4.59M
4
FN icon
Fabrinet
FN
+$2.1M
5
JAMF
Jamf
JAMF
+$724K

Top Sells

Rank Stock Value
1
ALAB icon
Astera Labs
ALAB
+$17.2M
2
TWLO icon
Twilio
TWLO
+$12M
3
MITK icon
Mitek Systems
MITK
+$11M
4
ESTC icon
Elastic
ESTC
+$10.5M
5
SITM icon
SiTime
SITM
+$3.85M

Sector Composition

Rank Sector Weight
1 Technology 84.26%
2 Communication Services 9.08%
3 Consumer Discretionary 6.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FN icon
1
Fabrinet
FN
$16.4B
$21.7M 13.72%
98,746
+8,700
+10% +$2.1M
TWLO icon
2
Twilio
TWLO
$30.1B
$17.3M 10.94%
160,250
-131,000
-45% -$12M
HLIT icon
3
Harmonic Inc
HLIT
$1.27B
$16.8M 10.65%
1,273,396
-33,939
-3% -$443K
SITM icon
4
SiTime
SITM
$16.6B
$16.2M 10.25%
75,625
-18,885
-20% -$3.85M
ALAB icon
5
Astera Labs
ALAB
$55.9B
$15.5M 9.78%
116,811
-183,189
-61% -$17.2M
EVER icon
6
EverQuote
EVER
$880M
$14.4M 9.08%
718,774
+268,670
+60% +$5.07M
JAMF
7
DELISTED
Jamf
JAMF
$13.2M 8.36%
941,083
+45,921
+5% +$724K
PI icon
8
Impinj
PI
$4.9B
$13.2M 8.32%
90,668
+24,219
+36% +$4.59M
ESTC icon
9
Elastic
ESTC
$7.17B
$12.2M 7.68%
122,685
-114,100
-48% -$10.5M
TRIP icon
10
TripAdvisor
TRIP
$1.66B
$10.5M 6.66%
+713,163
New +$10.4M
RSKD icon
11
Riskified
RSKD
$693M
$7.23M 4.57%
1,528,103
-63,475
-4% -$294K
MITK icon
12
Mitek Systems
MITK
$776M
– –
-1,263,376
Closed -$11M

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Toronado Partners's Q4 2024 Portfolio in Review

As of Q4 2024, Toronado Partners held 12 positions worth $158M, down 5.4% from $167M the previous quarter. Its ten largest holdings account for 95% of the portfolio.

Toronado Partners withdrew a net $32.3M in Q4 2024, closing 1 position and reducing 6 holdings. Its most notable exit was Mitek Systems, an estimated $11M position sold in full.

By sector, the portfolio is most concentrated in Technology at 84% of assets, down from 94% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Toronado Partners opened a new position in TripAdvisor worth $10.5M.

  • Toronado Partners's largest Q4 2024 buy was TripAdvisor: 713,163 shares worth $10.5M.
  • Toronado Partners added most to EverQuote in Q4 2024, an estimated $5.07M increase.
  • Toronado Partners's biggest Q4 2024 reduction was Astera Labs, cutting an estimated $17.2M.
  • Toronado Partners fully exited Mitek Systems in Q4 2024, selling an estimated $11M.
  • Toronado Partners's ten largest holdings make up 95% of its $158M portfolio in Q4 2024.
  • Toronado Partners opened 1 new position and closed 1 in Q4 2024.
  • Toronado Partners's portfolio value fell 5.4% quarter-over-quarter to $158M.

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