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Latest ThornTree Capital Partners LP Stock Portfolio

$731Million | No. of Holdings #19

ThornTree Capital Partners LP Performance

2026 Q2+7.79%
YTD-1.90%
2025+20.93%

About ThornTree Capital Partners LP and 13F Hedge Fund Stock Holdings

On 2026-08-14, the fund reported it's updated stock portfolio. In the 13F Holdings report, ThornTree Capital Partners LP reported an equity portfolio of $731.3 Millions as of 30 Jun, 2026. <br><br> The top stock holdings of ThornTree Capital Partners LP are , CIEN, NU. The fund has invested 8.8% of it's portfolio in VIKING HOLDINGS LTD and 8.7% of portfolio in CIENA CORP. <br><br> The fund managers got completely rid off VEEVA SYS INC (VEEV) and ALPHABET INC (GOOG) stocks. They significantly reduced their stock positions in ON HLDG AG (ONON), AFFIRM HLDGS INC (AFRM) and INTUIT (INTU). ThornTree Capital Partners LP opened new stock positions in AMERICAN EXPRESS CO (AXP), NATERA INC (NTRA) and LIONSGATE STUDIOS CORP. The fund showed a lot of confidence in some stocks as they added substantially to ANALOG DEVICES INC (ADI), NU HLDGS LTD (NU) and SHOPIFY INC (SHOP).
ThornTree Capital Partners LP Equity Portfolio Value
Last Reported on: 14 Aug, 2026
$731Million
  as of Aug 14, 2026

ThornTree Capital Partners LP Annual Return Estimates Vs S&P 500

Our best estimate is that ThornTree Capital Partners LP made a return of 7.79% in the last quarter. In trailing 12 months, it's portfolio return was 4.61%.
  • Performance
  • S&P 500

New Buys

Ticker$ Bought
american express co56,414,700
natera inc31,493,900
lionsgate studios corp19,085,200
red rock resorts inc15,477,500
state str spdr s&p 500 etf t1,793,000
New stocks bought by ThornTree Capital Partners LP

Additions

Ticker% Inc.
analog devices inc119
nu hldgs ltd62.15
shopify inc45.02
liberty media corp del17.78
ralph lauren corp15.33
Additions to existing portfolio by ThornTree Capital Partners LP

Reductions

Ticker% Reduced
on hldg ag-44.15
affirm hldgs inc-31.86
intuit-24.8
mastec inc-22.1
viking holdings ltd-8.92
ThornTree Capital Partners LP reduced stake in above stock

Sold off

Ticker$ Sold
veeva sys inc-17,080,800
alphabet inc-13,120,800
ThornTree Capital Partners LP got rid off the above stocks

Sector Distribution

ThornTree Capital Partners LP has about 36% of it's holdings in Others sector.

  • Others
  • Technology
  • Consumer Cyclical
  • Communication Services
  • Financial Services
  • Industrials
  • Healthcare
Sector%
Others36
Technology26.2
Consumer Cyclical12
Communication Services8.8
Financial Services7.7
Industrials5
Healthcare4.3

Market Cap. Distribution

ThornTree Capital Partners LP has about 61.9% of it's portfolio invested in the large-cap and mega-cap stocks.

  • LARGE-CAP
  • UNALLOCATED
  • MEGA-CAP
  • MID-CAP
Category%
LARGE-CAP45.4
UNALLOCATED36
MEGA-CAP16.5
MID-CAP2.1

Stocks belong to which Index?

About 45.1% of the stocks held by ThornTree Capital Partners LP either belong to S&P 500 or RUSSELL 2000 index.

  • Others
  • S&P 500
  • RUSSELL 2000
Index%
Others54.9
S&P 50035.1
RUSSELL 200010
Top 5 Winners (%)%
AFRM
affirm hldgs inc
65.6 %
viking holdings ltd
40.5 %
CIEN
ciena corp
26.4 %
MTZ
mastec inc
26.1 %
ADI
analog devices inc
16.9 %
Top 5 Winners ($)$
AFRM
affirm hldgs inc
25.1 M
viking holdings ltd
20.2 M
CIEN
ciena corp
13.3 M
MTZ
mastec inc
9.5 M
ADI
analog devices inc
8.0 M
Top 5 Losers (%)%
INTU
intuit
-34.7 %
NFLX
netflix inc.
-25.7 %
NU
nu hldgs ltd
-5.8 %
SHOP
shopify inc
-3.2 %
MELI
mercadolibre inc
-1.8 %
Top 5 Losers ($)$
INTU
intuit
-19.7 M
NFLX
netflix inc.
-7.4 M
NU
nu hldgs ltd
-3.7 M
SHOP
shopify inc
-1.2 M
META
meta platforms inc
-0.7 M

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 19 stocks in it's portfolio. About 73.8% of the portfolio is in top 10 stocks. INTU proved to be the most loss making stock for the portfolio. AFRM was the most profitable stock for ThornTree Capital Partners LP last quarter.

$731.34MTotal Value
21.00Positions
14 Aug, 2026Last Reported
Current holdings of Current Stock Holdings of ThornTree Capital Partners LP, last reported on 14 Aug, 2026. Select a row with a linked ticker to view its historical trend.
ExpandHoldingsorted ascending% PortfolioShares Held$ Value% Change
BATRA
Liberty Media Corp Del

Liberty Media Corp Del

BATRA
ThornTree Capital Partners LP's holding in Liberty Media Corp Del over time
7.87%604,763
$57.54M
7.87%
increased 17.78 percentadded
NU
Nu Hldgs Ltd

Nu Hldgs Ltd

NU
ThornTree Capital Partners LP's holding in Nu Hldgs Ltd over time
8.38%4,584,780
$61.25M
8.38%
increased 62.15 percentadded
ONON
On Hldg Ag

On Hldg Ag

ONON
ThornTree Capital Partners LP's holding in On Hldg Ag over time
3.24%668,771
$23.69M
3.24%
decreased 44.15 percentreduced
SHOP
Shopify Inc

Shopify Inc

SHOP
ThornTree Capital Partners LP's holding in Shopify Inc over time
4.8%307,137
$35.07M
4.8%
increased 45.02 percentadded
SPY
State Str Spdr S&P 500 Etf T

State Str Spdr S&P 500 Etf T

SPY
ThornTree Capital Partners LP's holding in State Str Spdr S&P 500 Etf T over time
0.24%2,401
$1.79M
0.24%
new position
Ord Shs
Viking Holdings Ltd

Viking Holdings Ltd

ThornTree Capital Partners LP's holding in Viking Holdings Ltd over time
8.83%616,700
$64.55M
8.83%
decreased 8.92 percentreduced