Latest ThornTree Capital Partners LP Stock Portfolio
ThornTree Capital Partners LP Performance:
2025 Q3: 3.28%YTD: 17.12%2024: 40.64%
Performance for 2025 Q3 is 3.28%, and YTD is 17.12%, and 2024 is 40.64%.
About ThornTree Capital Partners LP and 13F Hedge Fund Stock Holdings
In it's latest 13F Holdings report, ThornTree Capital Partners LP reported an equity portfolio of $653.4 Millions as of 30 Sep, 2025.
The top stock holdings of ThornTree Capital Partners LP are META, INTU, CIEN. The fund has invested 8.6% of it's portfolio in META PLATFORMS INC and 8.2% of portfolio in INTUIT.
The fund managers got completely rid off CARMAX INC (KMX) and TESLA INC (TSLA) stocks. They significantly reduced their stock positions in FERGUSON ENTERPRISES INC, AFFIRM HLDGS INC (AFRM) and DICKS SPORTING GOODS INC (DKS). ThornTree Capital Partners LP opened new stock positions in ROCKET COS INC (RKT), ALPHABET INC (GOOG) and TELEPHONE & DATA SYS INC (TDS). The fund showed a lot of confidence in some stocks as they added substantially to INTUIT (INTU), ON HLDG AG and CONFLUENT INC (CFLT).
The top stock holdings of ThornTree Capital Partners LP are META, INTU, CIEN. The fund has invested 8.6% of it's portfolio in META PLATFORMS INC and 8.2% of portfolio in INTUIT.
The fund managers got completely rid off CARMAX INC (KMX) and TESLA INC (TSLA) stocks. They significantly reduced their stock positions in FERGUSON ENTERPRISES INC, AFFIRM HLDGS INC (AFRM) and DICKS SPORTING GOODS INC (DKS). ThornTree Capital Partners LP opened new stock positions in ROCKET COS INC (RKT), ALPHABET INC (GOOG) and TELEPHONE & DATA SYS INC (TDS). The fund showed a lot of confidence in some stocks as they added substantially to INTUIT (INTU), ON HLDG AG and CONFLUENT INC (CFLT).
ThornTree Capital Partners LP Annual Return Estimates Vs S&P 500
Our best estimate is that ThornTree Capital Partners LP made a return of 3.28% in the last quarter. In trailing 12 months, it's portfolio return was 26.21%.
New Buys
| Ticker | $ Bought |
|---|---|
| rocket cos inc | 42,140,800 |
| alphabet inc | 32,133,900 |
| telephone & data sys inc | 20,863,600 |
New stocks bought by ThornTree Capital Partners LP
Additions
| Ticker | % Inc. |
|---|---|
| intuit | 59.12 |
| on hldg ag | 53.93 |
| confluent inc | 44.98 |
| mercadolibre inc | 13.5 |
| ralph lauren corp | 0.7 |
Additions to existing portfolio by ThornTree Capital Partners LP
Reductions
| Ticker | % Reduced |
|---|---|
| ferguson enterprises inc | -53.97 |
| affirm hldgs inc | -29.69 |
| viking holdings ltd | -21.11 |
| dicks sporting goods inc | -11.36 |
| ciena corp | -10.51 |
| liberty media corp del | -8.75 |
| nu hldgs ltd | -3.14 |
| costar group inc | -0.45 |
ThornTree Capital Partners LP reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| carmax inc | -40,791,600 |
| tesla inc | -17,770,200 |
ThornTree Capital Partners LP got rid off the above stocks
Sector Distribution
ThornTree Capital Partners LP has about 25.7% of it's holdings in Technology sector.
| Sector | % |
|---|---|
| Technology | 25.7 |
| Others | 23.9 |
| Communication Services | 22.2 |
| Consumer Cyclical | 15.1 |
| Real Estate | 6.6 |
| Financial Services | 6.4 |
Market Cap. Distribution
ThornTree Capital Partners LP has about 48.9% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| LARGE-CAP | 29.9 |
| MID-CAP | 27.2 |
| UNALLOCATED | 23.9 |
| MEGA-CAP | 19 |
Stocks belong to which Index?
About 47.9% of the stocks held by ThornTree Capital Partners LP either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| Others | 52.1 |
| S&P 500 | 39.4 |
| RUSSELL 2000 | 8.5 |
ThornTree Capital Partners LP Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of ThornTree Capital Partners LP
ThornTree Capital Partners LP has 18 stocks in it's portfolio. About 66.4% of the portfolio is in top 10 stocks. CFLT proved to be the most loss making stock for the portfolio. CIEN was the most profitable stock for ThornTree Capital Partners LP last quarter.
Last Reported on: 14 Nov, 2025| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AFRM | affirm hldgs inc | 4.65 | 415,599 | 30,372,000 | reduced | -29.69 | ||
| BATRA | liberty media corp del | 5.26 | 328,829 | 34,346,200 | reduced | -8.75 | ||
| CFLT | confluent inc | 5.31 | 1,750,820 | 34,666,200 | added | 44.98 | ||
| CIEN | ciena corp | 7.56 | 339,141 | 49,402,700 | reduced | -10.51 | ||
| CSGP | costar group inc | 6.59 | 510,201 | 43,045,700 | reduced | -0.45 | ||
| DKS | dicks sporting goods inc | 5.15 | 151,329 | 33,628,300 | reduced | -11.36 | ||
| GOOG | alphabet inc | 4.92 | 132,184 | 32,133,900 | new | |||
| INTU | intuit | 8.16 | 78,110 | 53,342,100 | added | 59.12 | ||
| KMX | carmax inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| MELI | mercadolibre inc | 4.32 | 12,079 | 28,227,900 | added | 13.5 | ||
| META | meta platforms inc | 8.57 | 76,272 | 56,012,600 | unchanged | 0.00 | ||
| NFLX | netflix inc | 5.52 | 30,081 | 36,064,700 | unchanged | 0.00 | ||
| NU | nu hldgs ltd | 6.68 | 2,724,090 | 43,612,700 | reduced | -3.14 | ||
| RKT | rocket cos inc | 6.45 | 2,174,450 | 42,140,800 | new | |||
| RL | ralph lauren corp | 5.68 | 118,290 | 37,091,000 | added | 0.7 | ||
| TDS | telephone & data sys inc | 3.19 | 531,692 | 20,863,600 | new | |||
| TSLA | tesla inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| viking holdings ltd | 5.90 | 619,995 | 38,538,900 | reduced | -21.11 | |||
| on hldg ag | 3.75 | 579,034 | 24,522,100 | added | 53.93 | |||
| ferguson enterprises inc | 2.35 | 68,344 | 15,348,700 | reduced | -53.97 | |||