Latest ThornTree Capital Partners LP Stock Portfolio
ThornTree Capital Partners LP Performance:
2025 Q4: 3.25%YTD: 20.93%2024: 40.64%
Performance for 2025 Q4 is 3.25%, and YTD is 20.93%, and 2024 is 40.64%.
About ThornTree Capital Partners LP and 13F Hedge Fund Stock Holdings
On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, ThornTree Capital Partners LP reported an equity portfolio of $597.9 Millions as of 31 Dec, 2025.
The top stock holdings of ThornTree Capital Partners LP are INTU, AFRM, META. The fund has invested 9.9% of it's portfolio in INTUIT and 9.6% of portfolio in AFFIRM HLDGS INC.
The fund managers got completely rid off CONFLUENT INC (CFLT), DICKS SPORTING GOODS INC (DKS) and TELEPHONE & DATA SYS INC (TDS) stocks. They significantly reduced their stock positions in COSTAR GROUP INC (CSGP), CIENA CORP (CIEN) and NU HLDGS LTD (NU). ThornTree Capital Partners LP opened new stock positions in DUOLINGO INC (DUOL). The fund showed a lot of confidence in some stocks as they added substantially to AFFIRM HLDGS INC (AFRM), ON HLDG AG (ONON) and MERCADOLIBRE INC (MELI).
The top stock holdings of ThornTree Capital Partners LP are INTU, AFRM, META. The fund has invested 9.9% of it's portfolio in INTUIT and 9.6% of portfolio in AFFIRM HLDGS INC.
The fund managers got completely rid off CONFLUENT INC (CFLT), DICKS SPORTING GOODS INC (DKS) and TELEPHONE & DATA SYS INC (TDS) stocks. They significantly reduced their stock positions in COSTAR GROUP INC (CSGP), CIENA CORP (CIEN) and NU HLDGS LTD (NU). ThornTree Capital Partners LP opened new stock positions in DUOLINGO INC (DUOL). The fund showed a lot of confidence in some stocks as they added substantially to AFFIRM HLDGS INC (AFRM), ON HLDG AG (ONON) and MERCADOLIBRE INC (MELI).
ThornTree Capital Partners LP Annual Return Estimates Vs S&P 500
Our best estimate is that ThornTree Capital Partners LP made a return of 3.25% in the last quarter. In trailing 12 months, it's portfolio return was 20.93%.
- Performance
- S&P 500
New Buys
| Ticker | $ Bought |
|---|---|
| duolingo inc | 32,444,200 |
New stocks bought by ThornTree Capital Partners LP
Additions
| Ticker | % Inc. |
|---|---|
| affirm hldgs inc | 84.73 |
| on hldg ag | 48.87 |
| mercadolibre inc | 14.46 |
| intuit | 14.33 |
| alphabet inc | 11.08 |
| rocket cos inc | 2.63 |
Additions to existing portfolio by ThornTree Capital Partners LP
Reductions
| Ticker | % Reduced |
|---|---|
| costar group inc | -52.56 |
| ciena corp | -47.32 |
| nu hldgs ltd | -14.07 |
| ralph lauren corp | -5.27 |
ThornTree Capital Partners LP reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| confluent inc | -34,666,200 |
| telephone & data sys inc | -20,863,600 |
| dicks sporting goods inc | -33,628,300 |
| ferguson enterprises inc | -15,348,700 |
ThornTree Capital Partners LP got rid off the above stocks
Sector Distribution
ThornTree Capital Partners LP has about 31.9% of it's holdings in Technology sector.
- Technology
- Others
- Communication Services
- Consumer Cyclical
- Financial Services
- Real Estate
| Sector | % |
|---|---|
| Technology | 31.9 |
| Others | 26.1 |
| Communication Services | 20.8 |
| Consumer Cyclical | 11.3 |
| Financial Services | 7.2 |
| Real Estate | 2.7 |
Market Cap. Distribution
ThornTree Capital Partners LP has about 68.5% of it's portfolio invested in the large-cap and mega-cap stocks.
- LARGE-CAP
- UNALLOCATED
- MEGA-CAP
- MID-CAP
| Category | % |
|---|---|
| LARGE-CAP | 47.7 |
| UNALLOCATED | 26.1 |
| MEGA-CAP | 20.8 |
| MID-CAP | 5.4 |
Stocks belong to which Index?
About 50.9% 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 | % |
|---|---|
| Others | 49.1 |
| S&P 500 | 40.1 |
| RUSSELL 2000 | 10.8 |
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 15 stocks in it's portfolio. About 77.1% of the portfolio is in top 10 stocks. NFLX 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: 17 Feb, 2026| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AFRM | affirm hldgs inc | 9.56 | 767,754 | 57,143,900 | added | 84.73 | ||
| BATRA | liberty media corp del | 5.42 | 328,829 | 32,392,900 | unchanged | 0.00 | ||
| CFLT | confluent inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CIEN | ciena corp | 6.99 | 178,657 | 41,782,500 | reduced | -47.32 | ||
| CSGP | costar group inc | 2.72 | 242,032 | 16,274,200 | reduced | -52.56 | ||
| DKS | dicks sporting goods inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| DUOL | duolingo inc | 5.43 | 184,867 | 32,444,200 | new | |||
| GOOG | alphabet inc | 7.69 | 146,825 | 45,956,200 | added | 11.08 | ||
| INTU | intuit | 9.89 | 89,302 | 59,155,400 | added | 14.33 | ||
| MELI | mercadolibre inc | 4.66 | 13,826 | 27,849,200 | added | 14.46 | ||
| META | meta platforms inc | 8.42 | 76,272 | 50,346,400 | unchanged | 0.00 | ||
| NFLX | netflix inc | 4.72 | 300,810 | 28,203,900 | unchanged | 0.00 | ||
| NU | nu hldgs ltd | 6.55 | 2,340,770 | 39,184,600 | reduced | -14.07 | ||
| ONON | on hldg ag | 6.70 | 862,010 | 40,066,200 | added | 48.87 | ||
| RKT | rocket cos inc | 7.23 | 2,231,660 | 43,204,900 | added | 2.63 | ||
| RL | ralph lauren corp | 6.63 | 112,052 | 39,622,700 | reduced | -5.27 | ||
| TDS | telephone & data sys inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| viking holdings ltd | 7.40 | 619,995 | 44,273,800 | unchanged | 0.00 | |||
| ferguson enterprises inc | 0.00 | 0.00 | 0.00 | sold off | -100 | |||