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ThornTree Capital Partners LP

Q3 2025 · Filed 2025-11-14
Market Value
$580M
+11.4%
Holdings
18
-1
New Purchases
3
Added To
5
Closed
2
Reduced
6
Top 10 Concentration
73.9%
Turnover
27.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
RKT 7.26% 0.00% +7.26% $42M
GOOGL 5.54% 0.00% +5.54% $32M
TDS 3.59% 0.00% +3.59% $21M
CIEN 8.51% 5.91% +2.60% $49M
INTU 9.19% 7.42% +1.77% $53M
ONON 4.22% 3.76% +0.47% $25M
RL 6.39% 6.18% +0.21% $37M
CFLT 5.97% 5.78% +0.19% $35M
NU 7.51% 7.40% +0.11% $44M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KMX 0.00% 7.83% -7.83% $0
FERG 2.64% 6.20% -3.56% $15M
TSLA 0.00% 3.41% -3.41% $0
AFRM 5.23% 7.84% -2.61% $30M
NFLX 6.21% 7.73% -1.52% $36M
META 9.65% 10.80% -1.15% $56M
DKS 5.79% 6.48% -0.69% $34M
CSGP 7.42% 7.91% -0.49% $43M
MELI 4.86% 5.34% -0.47% $28M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 4 $124M 21.4%
Large Cap 12 $435M 75.0%
Mid Cap 2 $21M 3.6%

Portfolio Analytics

Avg Market Cap
$481.4B
Median Market Cap
$41.1B
Avg P/E
79.2
Median P/E
28.4
Avg Dividend Yield
0.02%
Avg Beta
1.42
# Stocks
18
# ETFs / Funds
0

Top Holdings (18 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 META 9.65% 76,272 $56M $734.38 -$283K
2 INTU 9.19% 78,110 $53M $682.91 $15M +29,021 +59.1%
3 CIEN 8.51% 339,141 $49M $145.67 $19M -39,821 -10.5%
4 NU 7.51% 2,724,091 $44M $16.01 $5M -88,344 -3.1%
5 CSGP 7.42% 510,201 $43M $84.37 $2M -2,306 -0.5%
6 RKT 7.26% 2,174,449 $42M $19.38 +2,174,449 NEW
7 RL 6.39% 118,290 $37M $313.56 $5M +820 +0.7%
8 NFLX 6.21% 30,081 $36M $1,198.92 -$4M
9 CFLT 5.97% 1,750,817 $35M $19.80 $5M +543,184 +45.0%
10 DKS 5.79% 151,329 $34M $222.22 -$144K -19,402 -11.4%
11 GOOGL 5.54% 132,184 $32M $243.10 +132,184 NEW
12 AFRM 5.23% 415,599 $30M $73.08 -$10M -175,477 -29.7%
13 MELI 4.86% 12,079 $28M $2,336.94 $414K +1,437 +13.5%
14 ONON 4.22% 579,034 $25M $42.35 $5M +202,856 +53.9%
15 TDS 3.59% 531,692 $21M $39.24 +531,692 NEW
16 FERG 2.64% 68,344 $15M $224.58 -$17M -80,137 -54.0%
17 TSLA —% -$18M -55,941 -100.0% SOLD
18 KMX —% -$41M -606,928 -100.0% SOLD

New Positions

SymbolValue% Port
RKT $42M 7.26%
GOOGL $32M 5.54%
TDS $21M 3.59%

Sold Out Positions

SymbolValue% Port
KMX —%
TSLA —%
View SEC EDGAR Filings for ThornTree Capital Partners LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms