13F Insight
DOSSIER · 13F-HR · Q1 2026

ThornTree Capital Partners LP

$564M in tracked AUM across 16 positions as of Q1 2026.

TC
CIK 0001688511 · last filed Mar 31, 2026
Total AUM
$564M
as of Q1 2026
Holdings
16
—
positions
Whale Score
64
64
tracked
Activity
—
no data
changes this Q
AI Analysis · Q1 2026

Portfolio Overview

ThornTree Capital Partners LP reported a significant contraction in portfolio value during the quarter ending September 30, 2025. The total assets under management (AUM) decreased by 29.3%, dropping from $600.65 million to $424.69 million. This reduction is not solely attributable to market performance but is largely a result of substantial capital reallocation, evidenced by the exit from seven positions and a reduction in total holdings from the previous period. The port...

Key Holdings

The portfolio is anchored by META Platforms (META), which is the largest holding at $56.01 million, representing 13.19% of the portfolio. This significant stake underscores a bullish view on the digital advertising and social media landscape. The second and third positions, Nu Hldgs Ltd ($43.61M, 10.27%) and Costar Group Inc (CSGP) ($43.05M, 10.14%), further demonstrate a focus on high-growth financial technology and proprietary data/information services, respectively.

Analysis generated by 13F Insight from SEC Form 13F filing data · Q1 2026. Methodology

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
INTU
INTUIT
$57M131K10.1%02
CIEN
CIENA CORP
$51M130K9.0%03
G93A5A101
VIKING HOLDINGS LTD
$50M677K8.8%04
FWONK
LIBERTY MEDIA CORP DEL
$44M513K7.7%05
META
META PLATFORMS INC
$44M76K7.7%06
H5919C104
ON HLDG AG
$41M1.2M7.2%07
G6683N103
NU HLDGS LTD
$41M2.8M7.2%08
RL
RALPH LAUREN CORP
$40M118K7.2%09
AFRM
AFFIRM HLDGS INC
$38M834K6.8%10
MTZ
MASTEC INC
$36M113K6.4%

Filing history

2026Q1Mar 31
$564M▼ 5.7%
16 positionsView →2025Q4Dec 31
$598M▲ 40.8%
15 positionsView →2025Q3Sep 30
$425M▼ 29.3%
12 positionsView →2025Q2Jun 30
$601M▲ 32.6%
17 positionsLocked2025Q1Mar 31
$453M▼ 41.2%
19 positionsLocked2024Q4Dec 31
$770M▲ 28.1%
26 positionsLocked2024Q3Sep 30
$601M▲ 2.4%
24 positionsLocked2024Q2Jun 30
$587M▼ 1.0%
21 positionsLocked2024Q1Mar 31
$593M▼ 2.6%
20 positionsLocked2023Q4Dec 31
$609M▲ 59.2%
25 positionsLocked2023Q3Sep 30
$382M▼ 9.1%
18 positionsLocked2023Q2Jun 30
$421M▲ 4.5%
18 positionsLocked
Showing 12 of 35