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ThornTree Capital Partners LP

Q4 2025 · Filed 2026-02-17
Market Value
$521M
-10.2%
Holdings
17
-1
New Purchases
1
Added To
7
Closed
4
Reduced
4
Top 10 Concentration
86.1%
Turnover
29.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DUOL 6.22% 0.00% +6.22% $32M
AFRM 10.96% 5.23% +5.73% $57M
ONON 7.69% 4.22% +3.46% $40M
GOOGL 8.82% 5.54% +3.28% $46M
INTU 11.35% 9.19% +2.16% $59M
RL 7.60% 6.39% +1.21% $40M
RKT 8.29% 7.26% +1.03% $43M
MELI 5.34% 4.86% +0.48% $28M
META 9.66% 9.65% +0.01% $50M
NU 7.52% 7.51% +0.00% $39M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CFLT 0.00% 5.97% -5.97% $0
DKS 0.00% 5.79% -5.79% $0
CSGP 3.12% 7.42% -4.29% $16M
TDS 0.00% 3.59% -3.59% $0
FERG 0.00% 2.64% -2.64% $0
NFLX 5.41% 6.21% -0.80% $28M
CIEN 8.02% 8.51% -0.49% $42M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 3 $125M 23.9%
Large Cap 12 $364M 69.9%
Mid Cap 2 $32M 6.2%

Portfolio Analytics

Avg Market Cap
$415.5B
Median Market Cap
$38.9B
Avg P/E
60.0
Median P/E
28.0
Avg Dividend Yield
0.02%
Avg Beta
1.39
# Stocks
17
# ETFs / Funds
0

Top Holdings (17 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 INTU 11.35% 89,302 $59M $662.42 $6M +11,192 +14.3%
2 AFRM 10.96% 767,754 $57M $74.43 $27M +352,155 +84.7%
3 META 9.66% 76,272 $50M $660.09 -$6M
4 GOOGL 8.82% 146,825 $46M $313.00 $14M +14,641 +11.1%
5 RKT 8.29% 2,231,659 $43M $19.36 $1M +57,210 +2.6%
6 CIEN 8.02% 178,657 $42M $233.87 -$8M -160,484 -47.3%
7 ONON 7.69% 862,010 $40M $46.48 $16M +282,976 +48.9%
8 RL 7.60% 112,052 $40M $353.61 $3M -6,238 -5.3%
9 NU 7.52% 2,340,774 $39M $16.74 -$4M -383,317 -14.1%
10 DUOL 6.22% 184,867 $32M $175.50 +184,867 NEW
11 NFLX 5.41% 300,810 $28M $93.76 -$8M +270,729 +900.0%
12 MELI 5.34% 13,826 $28M $2,014.26 -$379K +1,747 +14.5%
13 CSGP 3.12% 242,032 $16M $67.24 -$27M -268,169 -52.6%
14 TDS —% -$21M -531,692 -100.0% SOLD
15 CFLT —% -$35M -1,750,817 -100.0% SOLD
16 DKS —% -$34M -151,329 -100.0% SOLD
17 FERG —% -$15M -68,344 -100.0% SOLD

New Positions

SymbolValue% Port
DUOL $32M 6.22%

Sold Out Positions

SymbolValue% Port
TDS —%
DKS —%
FERG —%
CFLT —%
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