ThornTree Capital Partners LP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), ThornTree Capital Partners LP reported 20 stock positions worth $592.8 million. Its top holding was Meta Platforms Class A (META) at 9.0% of the portfolio, followed by PayPal (PYPL, 8.8%) and Nu Holdings Ltd./Cayman Isl-A (NU, 7.9%). Compared with Q4 2023, it opened 3 new positions, sold out of 3, added to 5 and reduced 9. The biggest buy was a new position in Boot Barn (BOOT) and the biggest sale an exit from Akamai Technologies (AKAM).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001688511
- Portfolio Value
- $592.8M (Q1 2024)
- SEC Filing
- 0001172661-24-002521 ↗ filed May 15, 2024
Holdings Value
Holdings 20 stocks · $592.8M
| META Meta Platforms Inc. Class A | 9.01% | 110,019 | $53.4M | Reduce -20.0% |
| PYPL PayPal Holdings Inc. | 8.81% | 779,213 | $52.2M | Reduce -10.6% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 7.93% | 3,942,782 | $47.0M | Reduce -7.5% |
| NFLX Netflix Inc. | 7.54% | 73,591 | $44.7M | Add +87.1% |
| DOCU Docusign Inc. | 6.71% | 667,789 | $39.8M | Add +143.9% |
| TCOM Trip.com Group Ltd.-ADR | 6.39% | 862,646 | $37.9M | Add +43.6% |
| FERG Ferguson Jersey Ltd. | 6.22% | 168,716 | $36.9M | Reduce -0.1% |
| BOOT Boot Barn Holdings Inc. | 5.86% | 365,147 | $34.7M | New |
| INTU Intuit Inc. | 5.34% | 48,740 | $31.7M | Reduce -20.0% |
| FWONK Liberty Media Corp. Class C | 5.33% | 481,601 | $31.6M | Add +7.7% |
| MELI MercadoLibre Inc. | 5.28% | 20,719 | $31.3M | Reduce -6.8% |
| AMZN Amazon.com Inc. | 4.70% | 154,590 | $27.9M | New |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 3.75% | 427,806 | $22.2M | New |
| AD Array Digital Infrastructure filed as UNITED STATES CELLULAR CORP | 3.24% | 526,102 | $19.2M | Add +11.4% |
| DUOL Duolingo | 3.18% | 85,532 | $18.9M | No change |
| TNL Travel + Leisure Co. | 3.13% | 379,428 | $18.6M | No change |
| SGRY Surgery Partners Inc. | 2.75% | 546,080 | $16.3M | Reduce -15.7% |
| ONON On Holding AG Class A filed as ON HLDG AG | 2.63% | 441,444 | $15.6M | Reduce -33.2% |
| ACVA Acv Auctions Inc. Class A | 2.06% | 649,074 | $12.2M | Reduce -37.0% |
| LLYVK Liberty Media Corp.-Liberty-C | 0.12% | 16,891 | $740K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| AKAM Akamai Technologies Inc. | Sold out | 0.00% | −4.99 |
| FIVN FIVE9 Inc. | Sold out | 0.00% | −3.92 |
| BC Brunswick Corp. | Sold out | 0.00% | −2.93 |
| INTU Intuit Inc. | Reduce -20.0% | 5.34% | −2.34 |
| PYPL PayPal Holdings Inc. | Reduce -10.6% | 8.81% | −1.98 |
| MELI MercadoLibre Inc. | Reduce -6.8% | 5.28% | −1.76 |
| SGRY Surgery Partners Inc. | Reduce -15.7% | 2.75% | −1.43 |
| ACVA Acv Auctions Inc. Class A | Reduce -37.0% | 2.06% | −1.09 |
| ONON On Holding AG Class A | Reduce -33.2% | 2.63% | −0.96 |
| META Meta Platforms Inc. Class A | Reduce -20.0% | 9.01% | −0.80 |
| FERG Ferguson Jersey Ltd. | Reduce -0.1% | 6.22% | −0.36 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -7.5% | 7.93% | +0.77 |
Portfolio Buys Q4 2023 → Q1 2024
| BOOT Boot Barn Holdings Inc. | New | 5.86% | +5.86 |
| AMZN Amazon.com Inc. | New | 4.70% | +4.70 |
| P Everpure Inc. Class A | New | 3.75% | +3.75 |
| NFLX Netflix Inc. | Add +87.1% | 7.54% | +3.68 |
| DOCU Docusign Inc. | Add +143.9% | 6.71% | +3.43 |
| TCOM Trip.com Group Ltd.-ADR | Add +43.6% | 6.39% | +2.03 |
| FWONK Liberty Media Corp. Class C | Add +7.7% | 5.33% | −0.36 |
| AD Array Digital Infrastructure | Add +11.4% | 3.24% | −0.72 |
Options Activity Q4 2023 → Q1 2024
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 152,000 | $62.2Mbefore exit |
| DUOL Duolingo | put | Sold out | 85,000 | $19.3Mbefore exit |
| MELI MercadoLibre Inc. | put | Sold out | 7,500 | $11.8Mbefore exit |
| NFLX Netflix Inc. | put | Sold out | 20,000 | $9.7Mbefore exit |
| META Meta Platforms Inc. Class A | put | Sold out | 27,500 | $9.7Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 19 | $731.3M | VIK, CIEN, NU, FWONK, AXP |
| Q1 2026 | 16 | $563.5M | INTU, CIEN, VIK, FWONK, META |
| Q4 2025 | 15 | $597.9M | INTU, AFRM, META, GOOGL, VIK |
| Q3 2025 | 18 | $653.4M | META, INTU, CIEN, NU, CSGP |
| Q2 2025 | 17 | $600.6M | META, VIK, CSGP, AFRM, KMX |
| Q1 2025 | 19 | $453.0M | META, VIK, KMX, INTU, CSGP |
| Q4 2024 | 19 | $596.1M | META, CIEN, NFLX, VIK, AFRM |
| Q3 2024 | 17 | $479.1M | META, NU, NFLX, MELI, VIK |
| Q2 2024 | 21 | $586.9M | META, NU, FWONK, NFLX, MELI |
| Q1 2024 | 20 | $592.8M | META, PYPL, NU, NFLX, DOCU |