ThornTree Capital Partners LP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), ThornTree Capital Partners LP reported 21 stock positions worth $586.9 million. Its top holding was Meta Platforms Class A (META) at 8.8% of the portfolio, followed by Nu Holdings Ltd./Cayman Isl-A (NU, 7.8%) and Liberty Media Class C (FWONK, 7.2%). Compared with Q1 2024, it opened 5 new positions, sold out of 4, added to 4 and reduced 8. The biggest buy was a new position in Viking (VIK) and the biggest sale an exit from Docusign (DOCU).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001688511
- Portfolio Value
- $586.9M (Q2 2024)
- SEC Filing
- 0001172661-24-003537 ↗ filed Aug 14, 2024
Holdings Value
Holdings 21 stocks · $586.9M
| META Meta Platforms Inc. Class A | 8.80% | 102,481 | $51.7M | Reduce -6.8% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 7.83% | 3,566,605 | $46.0M | Reduce -9.5% |
| FWONK Liberty Media Corp. Class C | 7.18% | 586,716 | $42.1M | Add +21.8% |
| NFLX Netflix Inc. | 6.79% | 59,049 | $39.9M | Reduce -19.8% |
| MELI MercadoLibre Inc. | 6.30% | 22,513 | $37.0M | Add +8.7% |
| BOOT Boot Barn Holdings Inc. | 5.73% | 260,777 | $33.6M | Reduce -28.6% |
| AD Array Digital Infrastructure filed as UNITED STATES CELLULAR CORP | 5.68% | 597,425 | $33.3M | Add +13.6% |
| VIK Viking Holdings Ltd. | 5.17% | 894,605 | $30.4M | New |
| INTU Intuit Inc. | 4.92% | 43,937 | $28.9M | Reduce -9.8% |
| PYPL PayPal Holdings Inc. | 4.70% | 474,859 | $27.6M | Reduce -39.1% |
| AFRM Affirm Holdings Inc. | 4.62% | 897,848 | $27.1M | New |
| TKO Tko Group Holdings Inc. | 4.60% | 250,131 | $27.0M | New |
| CFLT Confluent Inc. Class A | 4.31% | 857,440 | $25.3M | New |
| FERG Ferguson Jersey Ltd. | 4.20% | 127,250 | $24.6M | Reduce -24.6% |
| SGRY Surgery Partners Inc. | 4.05% | 999,949 | $23.8M | Add +83.1% |
| TCOM Trip.com Group Ltd.-ADR | 3.88% | 484,810 | $22.8M | Reduce -43.8% |
| BURL Burlington Stores Inc. | 3.13% | 76,479 | $18.4M | New |
| DUOL Duolingo | 3.04% | 85,532 | $17.8M | No change |
| ONON On Holding AG Class A filed as ON HLDG AG | 2.92% | 441,444 | $17.1M | No change |
| ACVA Acv Auctions Inc. Class A | 2.02% | 649,074 | $11.8M | No change |
| LLYVK Liberty Media Corp.-Liberty-C | 0.11% | 16,891 | $646K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| DOCU Docusign Inc. | Sold out | 0.00% | −6.71 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −4.70 |
| PYPL PayPal Holdings Inc. | Reduce -39.1% | 4.70% | −4.11 |
| P Everpure Inc. Class A | Sold out | 0.00% | −3.75 |
| TNL Travel + Leisure Co. | Sold out | 0.00% | −3.13 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -43.8% | 3.88% | −2.50 |
| FERG Ferguson Jersey Ltd. | Reduce -24.6% | 4.20% | −2.02 |
| NFLX Netflix Inc. | Reduce -19.8% | 6.79% | −0.75 |
| INTU Intuit Inc. | Reduce -9.8% | 4.92% | −0.42 |
| META Meta Platforms Inc. Class A | Reduce -6.8% | 8.80% | −0.21 |
| BOOT Boot Barn Holdings Inc. | Reduce -28.6% | 5.73% | −0.13 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -9.5% | 7.83% | −0.10 |
Portfolio Buys Q1 2024 → Q2 2024
| VIK Viking Holdings Ltd. | New | 5.17% | +5.17 |
| AFRM Affirm Holdings Inc. | New | 4.62% | +4.62 |
| TKO Tko Group Holdings Inc. | New | 4.60% | +4.60 |
| CFLT Confluent Inc. Class A | New | 4.31% | +4.31 |
| BURL Burlington Stores Inc. | New | 3.13% | +3.13 |
| AD Array Digital Infrastructure | Add +13.6% | 5.68% | +2.44 |
| FWONK Liberty Media Corp. Class C | Add +21.8% | 7.18% | +1.85 |
| SGRY Surgery Partners Inc. | Add +83.1% | 4.05% | +1.31 |
| MELI MercadoLibre Inc. | Add +8.7% | 6.30% | +1.02 |
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 |