ThornTree Capital Partners LP — 13F Holdings & Portfolio
CIK 1688511 · latest 13F-HR filed 2026-05-15
ThornTree Capital Partners LP manages $563.5M in 13F-reported U.S. long-equity assets across 16 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are INTU (10.06%), CIEN (8.97%), VIK (8.83%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 4 new positions, exited 3, added to 3, and trimmed 4.
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.
$563.5M
Long-equity book
16
Distinct positions
2026-03-31
Filed 2026-05-15
+4 / −3 / ↑3 / ↓4
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- LIBERTY MEDIA CORP DEL$11.3M +34.8%
- CIENA CORP$8.8M +21.0%
- VIKING HOLDINGS LTD$5.5M +12.4%
Top Trims
- ALPHABET INC-$32.8M -71.4%
- AFFIRM HLDGS INC-$18.9M -33.1%
- MERCADOLIBRE INC-$9.4M -33.9%
- META PLATFORMS INC-$6.7M -13.3%
New Positions
- MASTEC INC$36.3M
- SHOPIFY INC$25.1M
- ANALOG DEVICES INC$20.3M
- VEEVA SYS INC$17.1M
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 | INTUIT | INTU | 461202103 | $56.7M | 10.06% | 131,173 | SH |
| 2 | CIENA CORP | CIEN | 171779309 | $50.6M | 8.97% | 130,272 | SH |
| 3 | VIKING HOLDINGS LTD | VIK | G93A5A101 | $49.8M | 8.83% | 677,087 | SH |
| 4 | LIBERTY MEDIA CORP DEL | FWONK | 531229755 | $43.7M | 7.75% | 513,490 | SH |
| 5 | META PLATFORMS INC | META | 30303M102 | $43.6M | 7.74% | 76,272 | SH |
| 6 | ON HLDG AG | ONON | H5919C104 | $40.7M | 7.23% | 1,197,338 | SH |
| 7 | NU HLDGS LTD | NU | G6683N103 | $40.6M | 7.21% | 2,827,444 | SH |
| 8 | RALPH LAUREN CORP | RL | 751212101 | $40.4M | 7.17% | 117,540 | SH |
| 9 | AFFIRM HLDGS INC | AFRM | 00827B106 | $38.2M | 6.78% | 834,289 | SH |
| 10 | MASTEC INC | MTZ | 576323109 | $36.3M | 6.44% | 112,741 | SH |
| 11 | NETFLIX INC. | NFLX | 64110L106 | $28.9M | 5.13% | 300,810 | SH |
| 12 | SHOPIFY INC | SHOP | 82509L107 | $25.1M | 4.46% | 211,795 | SH |
| 13 | ANALOG DEVICES INC | ADI | 032654105 | $20.3M | 3.59% | 63,652 | SH |
| 14 | MERCADOLIBRE INC | MELI | 58733R102 | $18.4M | 3.27% | 10,642 | SH |
| 15 | VEEVA SYS INC | VEEV | 922475108 | $17.1M | 3.03% | 97,238 | SH |
| 16 | ALPHABET INC | GOOGL | 02079K305 | $13.1M | 2.33% | 45,628 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 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 |