ThornTree Capital Partners LP
Net buyer this quarter
$731M
19
+$106M
73.8%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 VIK | $64.5M | 8.83% | Not reported | -8.9% | Q2 2024 |
 CIEN | $63.9M | 8.74% | 0.09% | Not reported | Q3 2024 |
 NU | $61.3M | 8.38% | Not reported | +62.2% | Q1 2023 |
 FWONK | $57.5M | 7.87% | Not reported | +17.8% | Q2 2017 |
 AXP | $56.4M | 7.71% | 0.02% | New | Q2 2026 |
 ADI | $55.5M | 7.59% | 0.03% | +119.6% | Q1 2023 |
 RL | $54.4M | 7.44% | Not reported | +15.3% | Q1 2025 |
 AFRM | $46.4M | 6.34% | 0.96% | -31.9% | Q1 2021 |
 META | $43M | 5.87% | Not reported | Not reported | Q2 2018 |
 MTZ | $36.5M | 5.00% | 0.11% | -22.1% | Q1 2026 |
 SHOP | $35.1M | 4.80% | 0.08% | +45.0% | Q1 2026 |
 NTRA | $31.5M | 4.31% | 0.08% | New | Q2 2026 |
 INTU | $25.7M | 3.52% | 0.04% | -24.8% | Q4 2022 |
 ONON | $23.7M | 3.24% | 0.23% | -44.2% | Q4 2021 |
 NFLX | $21.5M | 2.94% | 0.01% | Not reported | Q3 2022 |
 LION | $19.1M | 2.61% | 0.43% | New | Q2 2026 |
 MELI | $18.1M | 2.47% | 0.02% | Not reported | Q1 2022 |
 RRR | $15.5M | 2.12% | Not reported | New | Q2 2026 |
 SPY | $1.79M | 0.25% | Not reported | New | Q2 2026 |
| Q1 2026 | |||||
| INTU | $56.7M | 10.06% | 0.05% | +46.9% | Q4 2022 |
| CIEN | $50.6M | 8.97% | 0.09% | -27.1% | Q3 2024 |
| VIK | $49.8M | 8.83% | Not reported | +9.2% | Q2 2024 |
| FWONK | $43.7M | 7.75% | Not reported | +56.2% | Q2 2017 |
| META | $43.6M | 7.74% | Not reported | Not reported | Q2 2018 |
| ONON | $40.7M | 7.23% | 0.40% | +38.9% | Q4 2021 |
| NU | $40.6M | 7.21% | Not reported | +20.8% | Q1 2023 |
| RL | $40.4M | 7.17% | Not reported | +4.9% | Q1 2025 |
| AFRM | $38.2M | 6.78% | 1.41% | +8.7% | Q1 2021 |
| MTZ | $36.3M | 6.44% | 0.14% | New | Q1 2026 |
| NFLX | $28.9M | 5.13% | 0.01% | Not reported | Q3 2022 |
| SHOP | $25.1M | 4.46% | 0.05% | New | Q1 2026 |
| ADI | $20.3M | 3.59% | 0.01% | Not reported | Q1 2023 |
| MELI | $18.4M | 3.27% | 0.02% | -23.0% | Q1 2022 |
 VEEV | $17.1M | 3.03% | 0.06% | New | Q1 2026 |
 GOOGL | $13.1M | 2.33% | 0.00% | -68.9% | Q3 2025 |
| Q4 2025 | |||||
| INTU | $59.2M | 9.89% | 0.03% | +14.3% | Q4 2022 |
| AFRM | $57.1M | 9.56% | 1.30% | +84.7% | Q1 2021 |
| META | $50.3M | 8.42% | Not reported | Not reported | Q2 2018 |
| GOOGL | $46M | 7.69% | 0.00% | +11.1% | Q3 2025 |
| VIK | $44.3M | 7.40% | Not reported | Not reported | Q2 2024 |
 RKT | $43.2M | 7.23% | Not reported | +2.6% | Q3 2025 |
| CIEN | $41.8M | 6.99% | 0.13% | -47.3% | Q3 2024 |
| ONON | $40.1M | 6.70% | 0.29% | +48.9% | Q4 2021 |
| RL | $39.6M | 6.63% | Not reported | -5.3% | Q1 2025 |
| NU | $39.2M | 6.55% | Not reported | -14.1% | Q1 2023 |
 DUOL | $32.4M | 5.43% | 1.11% | Not reported | Q3 2021 |
| FWONK | $32.4M | 5.42% | Not reported | Not reported | Q2 2017 |
| NFLX | $28.2M | 4.72% | 0.01% | Not reported | Q3 2022 |
| MELI | $27.8M | 4.66% | 0.03% | +14.5% | Q1 2022 |
 CSGP | $16.3M | 2.72% | 0.06% | -52.6% | Q4 2024 |
| Q3 2025 | |||||
| META | $56M | 8.57% | Not reported | Not reported | Q2 2018 |
| INTU | $53.3M | 8.16% | 0.03% | +59.1% | Q4 2022 |
| CIEN | $49.4M | 7.56% | 0.24% | -10.5% | Q3 2024 |
| NU | $43.6M | 6.68% | Not reported | -3.1% | Q1 2023 |
| CSGP | $43M | 6.59% | 0.12% | -0.5% | Q4 2024 |
| RKT | $42.1M | 6.45% | Not reported | New | Q3 2025 |
| VIK | $38.5M | 5.90% | Not reported | -21.1% | Q2 2024 |
| RL | $37.1M | 5.68% | Not reported | +0.7% | Q1 2025 |
| NFLX | $36.1M | 5.52% | 0.01% | Not reported | Q3 2022 |
| CFLT | $34.7M | 5.31% | 1.60% | +45.0% | Q2 2024 |
| FWONK | $34.3M | 5.26% | Not reported | -8.8% | Q2 2017 |
 DKS | $33.6M | 5.15% | 0.16% | -11.4% | Q2 2025 |
| GOOGL | $32.1M | 4.92% | 0.00% | New | Q3 2025 |
| AFRM | $30.4M | 4.65% | 0.70% | -29.7% | Q1 2021 |
| MELI | $28.2M | 4.32% | 0.02% | +13.5% | Q1 2022 |
| ONON | $24.5M | 3.75% | 0.20% | +53.9% | Q4 2021 |
 TDS | $20.9M | 3.19% | 0.46% | New | Q3 2025 |
 FERG | $15.3M | 2.35% | 0.03% | -54.0% | Q2 2023 |