ThornTree Capital Partners LP
Sector Allocation
- Technology30.5%$223.2M
- Financials22.4%$164.0M
- Consumer Discretionary15.3%$111.6M
- Communication Services13.4%$98.1M
- Industrials8.8%$64.5M
- Energy5.0%$36.5M
- Healthcare4.3%$31.5M
- Other0.3%$1.8M
AUM History
13fpro.ai/research/fund/thorntree-capital-partners-lp-1688511
Conviction and streaks
Diversifying · top 10 = 73.8%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
VIK
$64.5MCIEN
$63.9MNU
$61.3MFWONA
$57.5MAXP
$56.4MADI
$55.5MRL
$54.4MAFRM
$46.4MMETA
$43.0MMTZ
$36.5MSHOP
$35.1MNTRA
$31.5MINTU
$25.7MONON
$23.7MNFLX
$21.5MLION
$19.1MMELI
$18.1MRRR
$15.5MSPY
$1.8M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/thorntree-capital-partners-lp-1688511
ThornTree Capital Partners LP 13F holdings — Q2 2026
$731.3M portfolio (+29.8% QoQ) · 19 holdings · Q2 2026 13F · top 10 are 74% of the stock portfolio
$64.5M
8.8% of stocks
-9%This quarter—Since Q-end—HeldAIQuality—Est. buy—$63.9M
8.7% of stocks
No changeThis quarter—Since Q-end—HeldAIQuality72.6#143Est. buy—$61.3M
8.4% of stocks
+62%This quarter—Since Q-end—HeldAIQuality—Est. buy—$57.5M
7.9% of stocks
+18%This quarter—Since Q-end—HeldAIQuality63.0#649Est. buy—$56.4M
7.7% of stocks
NewThis quarter—Since Q-endNew this quarterHeldAIQuality69.9#232Est. buy—$55.5M
7.6% of stocks
+120%This quarter—Since Q-end—Held$54.4M
7.4% of stocks
+15%This quarter—Since Q-end—Held$46.4M
6.3% of stocks
-32%This quarter—Since Q-end—Held$43.0M
5.9% of stocks
No changeThis quarter—Since Q-end—Held$36.5M
5.0% of stocks
-22%This quarter—Since Q-end—Held
| # | Company | Value | Weight | This quarter | Since Q-end | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | $64.5M | 8.8% | -9% | — | — | — | — | ||
| 2 | $63.9M | 8.7% | No change | — | — | 72.6#143 | — | ||
| 3 | $61.3M | 8.4% | +62% | — | — | — | — | ||
| 4 | $57.5M | 7.9% | +18% | — | — | 63.0#649 | — | ||
| 5 | $56.4M | 7.7% | New | — | New this quarter | 69.9#232 | — | ||
| 6 | $55.5M | 7.6% | +120% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 7 | $54.4M | 7.4% | +15% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 8 | $46.4M | 6.3% | -32% | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 9 | $43.0M | 5.9% | No change | — | — | AI quality score is Pro: unlock with a free trial | — | ||
| 10 | $36.5M | 5.0% | -22% | — | — | AI quality score is Pro: unlock with a free trial | — |
All holdings — ThornTree Capital Partners LP (Q2 2026)
19 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | SHOPIFY INC. | Technology | $35.1M | 4.8% | 307K | +45% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | Natera, Inc. | Healthcare | $31.5M | 4.3% | 116K | New | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | INTUIT INC. | Technology | $25.7M | 3.5% | 99K | -25% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | On Holding AG | Consumer Discretionary | $23.7M | 3.2% | 669K | -44% | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | NETFLIX INC | Communication Services | $21.5M | 2.9% | 301K | — | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | Lionsgate Studios Corp. | Communication Services | $19.1M | 2.6% | 1.25M | New | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | MERCADOLIBRE INC | Consumer Discretionary | $18.1M | 2.5% | 11K | — | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | Red Rock Resorts, Inc. | Consumer Discretionary | $15.5M | 2.1% | 238K | New | — | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | SPDR S&P 500 ETF TRUSTetf/fund | — | $1.8M | 0.3% | 2,401 | New | — | — | 13F |
What changed in Q2 2026
Against the previous quarter's 13F: 5 new, 5 added to, 5 trimmed, 2 sold out. Share-count changes; largest moves by dollar size first.
New positions (5)
Added to (5)
Trimmed (5)
Holdings by quarter
Every 13F ThornTree Capital Partners LP has filed, 38 earlier quarters. Pick one to see what it held then.
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.
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AI-Powered Hedge Fund Analysis: ThornTree Capital Partners LP
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