Q1 2026 · 13F-HR
ThornTree Capital Partners LPholdings as filed
Filed 2026-05-15 · accession 0001172661-26-002253
$563.5M
Reported value
16
Positions
2026-03-31
Period end
The Brief · ThornTree Capital Partners LP · Q1 2026
AI · grounded in 13F
ThornTree Capital Partners LP exited its position in RKT, reducing exposure by $43.2M. The fund also closed positions in DUOL and CSGP, while trimming shares of GOOGL by 68.9%. To offset these sales, the fund established new positions in MTZ for $36.3M, SHOP for $25.1M, and ADI for $20.3M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 461202103 | INTU | INTUIT | $56.7M | 10.1% | 131,173 | Common | SOLE |
| 171779309 | CIEN | CIENA CORP | $50.6M | 8.97% | 130,272 | Common | SOLE |
| G93A5A101 | VIK | VIKING HOLDINGS LTD | $49.8M | 8.83% | 677,087 | Common | SOLE |
| 531229755 | FWONK | LIBERTY MEDIA CORP DEL | $43.7M | 7.75% | 513,490 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $43.6M | 7.74% | 76,272 | Common | SOLE |
| H5919C104 | ONON | ON HLDG AG | $40.7M | 7.23% | 1,197,338 | Common | SOLE |
| G6683N103 | NU | NU HLDGS LTD | $40.6M | 7.21% | 2,827,444 | Common | SOLE |
| 751212101 | RL | RALPH LAUREN CORP | $40.4M | 7.17% | 117,540 | Common | SOLE |
| 00827B106 | AFRM | AFFIRM HLDGS INC | $38.2M | 6.78% | 834,289 | Common | SOLE |
| 576323109 | MTZ | MASTEC INC | $36.3M | 6.44% | 112,741 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC. | $28.9M | 5.13% | 300,810 | Common | SOLE |
| 82509L107 | SHOP | SHOPIFY INC | $25.1M | 4.46% | 211,795 | Common | SOLE |
| 032654105 | ADI | ANALOG DEVICES INC | $20.3M | 3.59% | 63,652 | Common | SOLE |
| 58733R102 | MELI | MERCADOLIBRE INC | $18.4M | 3.27% | 10,642 | Common | SOLE |
| 922475108 | VEEV | VEEVA SYS INC | $17.1M | 3.03% | 97,238 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $13.1M | 2.33% | 45,628 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.