ThornTree Capital Partners LP
13F Reported Value
ⓘ$731.3M
Holdings
19
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
ThornTree Capital Partners LP disclosed 19 positions worth $731.3M in its Form 13F-HR for Q2 2026, led by $VIK (Viking Holdings Ltd) at 8.8% of the equity portfolio, followed by $CIEN and $NU. During the quarter the fund opened 5 new positions and exited 2 — including a new stake in $AXP and a full exit from $VEEV. The portfolio is most concentrated in Technology (30.5% of disclosed assets). All figures are sourced directly from ThornTree Capital Partners LP’s Form 13F-HR filing with the SEC under CIK 1688511.
AI Fund Analysis
DiversifyingSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- —
Quality
$64.5M616,700 sh - 72.9#143
Quality
$63.9M130,272 sh - —
Quality
$61.3M4,584,775 sh - 63.2
Quality
$57.5M604,763 sh - 69.4
Quality
$56.4M166,784 sh - 79.2
Quality
$55.5M139,751 sh - 66.3
Quality
$54.4M135,557 sh - 81.3
Quality
$46.4M568,524 sh - 79.6
Quality
$43.0M76,272 sh - 58.8
Quality
$36.5M87,828 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 Viking Holdings Ltd$VIK | — | $64.5M | 616,700 |
 CIENA CORP$CIEN | 72.9#143 | $63.9M | 130,272 |
 Nu Holdings Ltd.$NU | — | $61.3M | 4,584,775 |
 Liberty Media Corp$FWONA | 63.2 | $57.5M | 604,763 |
 AMERICAN EXPRESS CO$AXP | 69.4 | $56.4M | 166,784 |
 ANALOG DEVICES INC$ADI | 79.2 | $55.5M | 139,751 |
 RALPH LAUREN CORP$RL | 66.3 | $54.4M | 135,557 |
 Affirm Holdings, Inc.$AFRM | 81.3 | $46.4M | 568,524 |
 Meta Platforms, Inc.$META | 79.6 | $43.0M | 76,272 |
 MASTEC INC$MTZ | 58.8 | $36.5M | 87,828 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of ThornTree Capital Partners LP's 19 positions.
Showing top 10 of 19 holdings.
Sector Allocation
Technology
$223.2M
Financials
$164.0M
Consumer Discretionary
$111.6M
Communication Services
$98.1M
Industrials
$64.5M
Energy
$36.5M
Healthcare
$31.5M
Other
$1.8M
Full Holdings — ThornTree Capital Partners LP (Q2 2026)
All 19 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $VIK | Viking Holdings Ltd | $64.5M | 8.8% | -9% | — |
| 2 | $CIEN | CIENA CORP | $63.9M | 8.7% | +0% | 72.9 |
| 3 | $NU | Nu Holdings Ltd. | $61.3M | 8.4% | +62% | — |
| 4 | $FWONA | Liberty Media Corp | $57.5M | 7.9% | +18% | 63.2 |
| 5 | $AXP | AMERICAN EXPRESS CO | $56.4M | 7.7% | NEW | 69.4 |
| 6 | $ADI | ANALOG DEVICES INC | $55.5M | 7.6% | +120% | 79.2 |
| 7 | $RL | RALPH LAUREN CORP | $54.4M | 7.4% | +15% | 66.3 |
| 8 | $AFRM | Affirm Holdings, Inc. | $46.4M | 6.3% | -32% | 81.3 |
| 9 | $META | Meta Platforms, Inc. | $43.0M | 5.9% | +0% | 79.6 |
| 10 | $MTZ | MASTEC INC | $36.5M | 5.0% | -22% | 58.8 |
| 11 |  $SHOP | SHOPIFY INC. | $35.1M | 4.8% | +45% | 64.9 |
| 12 |  $NTRA | Natera, Inc. | $31.5M | 4.3% | NEW | 53.5 |
| 13 |  $INTU | INTUIT INC. | $25.7M | 3.5% | -25% | 79.3 |
| 14 |  $ONON | On Holding AG | $23.7M | 3.2% | -44% | 53.1 |
| 15 |  $NFLX | NETFLIX INC | $21.5M | 2.9% | +0% | 78.8 |
| 16 |  $LION | Lionsgate Studios Corp. | $19.1M | 2.6% | NEW | 43.4 |
| 17 |  $MELI | MERCADOLIBRE INC | $18.1M | 2.5% | +0% | 80.2 |
| 18 |  $RRR | Red Rock Resorts, Inc. | $15.5M | 2.1% | NEW | 57.8 |
| 19 |  $SPY | SPDR S&P 500 ETF TRUST | $1.8M | 0.3% | NEW | — |
New Positions (5)
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