ThornTree Capital Partners LP
CIK 0001688511
Annualised vol
15.18068%
Beta
0.639504
HHI
648.925248
Top-10 weight
73.761591%
VaR 95%
1.432575%
VaR 99%
2.618379%
Max drawdown
21.73561%
Matched value
73.933617%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| VIK | REDUCED | 616,700 | 677,087 | -8.92% | 64,549,989 |
| CIEN | UNCHANGED | 130,272 | 130,272 | 0.0% | 63,906,232 |
| AXP | NEW | 166,784 | - | - | 56,414,688 |
| ADI | ADDED | 139,751 | 63,652 | 119.55% | 55,504,905 |
| RL | ADDED | 135,557 | 117,540 | 15.33% | 54,413,935 |
| META | UNCHANGED | 76,272 | 76,272 | 0.0% | 42,963,255 |
| MTZ | REDUCED | 87,828 | 112,741 | -22.1% | 36,541,718 |
| SHOP | ADDED | 307,137 | 211,795 | 45.02% | 35,068,903 |
| NTRA | NEW | 116,021 | - | - | 31,493,900 |
| INTU | REDUCED | 98,636 | 131,173 | -24.8% | 25,743,996 |
| NFLX | UNCHANGED | 300,810 | 300,810 | 0.0% | 21,477,834 |
| LION | NEW | 1,246,584 | - | - | 19,085,201 |
| MELI | UNCHANGED | 10,642 | 10,642 | 0.0% | 18,063,624 |
| RRR | NEW | 237,896 | - | - | 15,477,514 |
| GOOGL | CLOSED OUT | 0 | 45,628 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| VIK | REDUCED | VIKING HOLDINGS LTD | ORD SHS | G93A5A101 | 64,549,989 | 8.83 | 616700.0 |
| CIEN | UNCHANGED | CIENA CORP | COM NEW | 171779309 | 63,906,232 | 8.74 | 130272.0 |
| - | NU HLDGS LTD | ORD SHS CL A | G6683N103 | 61,252,594 | 8.38 | 4584775.0 | |
| - | LIBERTY MEDIA CORP DEL | COM LBTY ONE S C | 531229755 | 57,537,152 | 7.87 | 604763.0 | |
| AXP | NEW | AMERICAN EXPRESS CO | COM | 025816109 | 56,414,688 | 7.71 | 166784.0 |
| ADI | ADDED | ANALOG DEVICES INC | COM | 032654105 | 55,504,905 | 7.59 | 139751.0 |
| RL | ADDED | RALPH LAUREN CORP | CL A | 751212101 | 54,413,935 | 7.44 | 135557.0 |
| - | AFFIRM HLDGS INC | COM CL A | 00827B106 | 46,363,132 | 6.34 | 568524.0 | |
| META | UNCHANGED | META PLATFORMS INC | CL A | 30303M102 | 42,963,255 | 5.87 | 76272.0 |
| MTZ | REDUCED | MASTEC INC | COM | 576323109 | 36,541,718 | 5.0 | 87828.0 |
| SHOP | ADDED | SHOPIFY INC | CL A SUB VTG SHS | 82509L107 | 35,068,903 | 4.8 | 307137.0 |
| NTRA | NEW | NATERA INC | COM | 632307104 | 31,493,900 | 4.31 | 116021.0 |
| INTU | REDUCED | INTUIT | COM | 461202103 | 25,743,996 | 3.52 | 98636.0 |
| - | ON HLDG AG | NAMEN AKT A | H5919C104 | 23,687,869 | 3.24 | 668771.0 | |
| NFLX | UNCHANGED | NETFLIX INC. | COM | 64110L106 | 21,477,834 | 2.94 | 300810.0 |
| LION | NEW | LIONSGATE STUDIOS CORP | COM | 53626N102 | 19,085,201 | 2.61 | 1246584.0 |
| MELI | UNCHANGED | MERCADOLIBRE INC | COM | 58733R102 | 18,063,624 | 2.47 | 10642.0 |
| RRR | NEW | RED ROCK RESORTS INC | CL A | 75700L108 | 15,477,514 | 2.12 | 237896.0 |
| - | STATE STR SPDR S&P 500 ETF T | TR UNIT | 78462F103 | 1,792,995 | 0.25 | 2401.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 731,339,436 | 19 | 15.18068 | 0.639504 | 21.73561 |
| 2026-03-31 | 2026-05-15 | 563,533,756 | 16 | 14.212726 | 0.615722 | 23.536588 |
| 2025-12-31 | 2026-02-17 | 597,901,175 | 15 | 12.981718 | 0.579551 | 24.263851 |
| 2025-09-30 | 2025-11-14 | 653,360,070 | 18 | 12.048148 | 0.542319 | 22.967738 |
| 2025-03-31 | 2025-05-15 | 453,005,131 | 19 | 13.186199 | 0.582817 | 27.198272 |
| 2024-12-31 | 2025-02-14 | 770,076,564 | 26 | 12.415146 | 0.510334 | 28.129119 |