ThornTree Capital Partners LP — 13F Holdings & Portfolio
CIK 1688511 · latest 13F-HR filed 2026-08-14
ThornTree Capital Partners LP manages $731.3M in 13F-reported U.S. long-equity assets across 19 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VIK (8.83%), CIEN (8.74%), NU (8.38%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 5 new positions, exited 2, added to 8, and trimmed 3.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
SUITE 1520
BOSTON, MA 02199-8182
$731.3M
Long-equity book
19
Distinct positions
2026-06-30
Filed 2026-08-14
+5 / −2 / ↑8 / ↓3
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- ANALOG DEVICES INC$35.3M +174.1%
- NU HLDGS LTD$20.6M +50.8%
- VIKING HOLDINGS LTD$14.8M +29.7%
- RALPH LAUREN CORP$14.0M +34.6%
- LIBERTY MEDIA CORP DEL$13.9M +31.8%
New Positions
- AMERICAN EXPRESS CO$56.4M
- NATERA INC$31.5M
- LIONSGATE STUDIOS CORP$19.1M
- RED ROCK RESORTS INC$15.5M
- STATE STR SPDR S&P 500 ETF T$1.8M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | VIKING HOLDINGS LTD | VIK | G93A5A101 | $64.5M | 8.83% | 616,700 | SH |
| 2 | CIENA CORP | CIEN | 171779309 | $63.9M | 8.74% | 130,272 | SH |
| 3 | NU HLDGS LTD | NU | G6683N103 | $61.3M | 8.38% | 4,584,775 | SH |
| 4 | LIBERTY MEDIA CORP DEL | FWONK | 531229755 | $57.5M | 7.87% | 604,763 | SH |
| 5 | AMERICAN EXPRESS CO | AXP | 025816109 | $56.4M | 7.71% | 166,784 | SH |
| 6 | ANALOG DEVICES INC | ADI | 032654105 | $55.5M | 7.59% | 139,751 | SH |
| 7 | RALPH LAUREN CORP | RL | 751212101 | $54.4M | 7.44% | 135,557 | SH |
| 8 | AFFIRM HLDGS INC | AFRM | 00827B106 | $46.4M | 6.34% | 568,524 | SH |
| 9 | META PLATFORMS INC | META | 30303M102 | $43.0M | 5.87% | 76,272 | SH |
| 10 | MASTEC INC | MTZ | 576323109 | $36.5M | 5.00% | 87,828 | SH |
| 11 | SHOPIFY INC | SHOP | 82509L107 | $35.1M | 4.80% | 307,137 | SH |
| 12 | NATERA INC | NTRA | 632307104 | $31.5M | 4.31% | 116,021 | SH |
| 13 | INTUIT | INTU | 461202103 | $25.7M | 3.52% | 98,636 | SH |
| 14 | ON HLDG AG | ONON | H5919C104 | $23.7M | 3.24% | 668,771 | SH |
| 15 | NETFLIX INC. | NFLX | 64110L106 | $21.5M | 2.94% | 300,810 | SH |
| 16 | LIONSGATE STUDIOS CORP | LION | 53626N102 | $19.1M | 2.61% | 1,246,584 | SH |
| 17 | MERCADOLIBRE INC | MELI | 58733R102 | $18.1M | 2.47% | 10,642 | SH |
| 18 | RED ROCK RESORTS INC | RRR | 75700L108 | $15.5M | 2.12% | 237,896 | SH |
| 19 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $1.8M | 0.25% | 2,401 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $731.3M | 19 | 0001172661-26-003754 |
| 2026-03-31 | 2026-05-15 | $563.5M | 16 | 0001172661-26-002253 |
| 2025-12-31 | 2026-02-17 | $597.9M | 15 | 0001172661-26-001146 |
| 2025-09-30 | 2025-11-14 | $653.4M | 18 | 0001172661-25-005051 |