Toronado Partners, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Toronado Partners, LLC reported 11 stock positions worth $167.3 million. Its top holding was Fabrinet (FN) at 12.7% of the portfolio, followed by Harmonic (HLIT, 11.4%) and Twilio Class A (TWLO, 11.4%). Compared with Q2 2024, it opened 1 new position, added to 3 and reduced 7. The biggest buy was a new position in Astera Labs (ALAB) and the biggest sale Harmonic (HLIT, shares −33%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001749611
- Portfolio Value
- $167.3M (Q3 2024)
- SEC Filing
- 0001749611-24-000012 ↗ filed Nov 13, 2024
Holdings Value
Holdings 11 stocks · $167.3M
| FN Fabrinet | 12.72% | 90,046 | $21.3M | Reduce -4.4% |
| HLIT Harmonic Inc. | 11.38% | 1,307,335 | $19.0M | Reduce -32.6% |
| TWLO Twilio Inc. Class A | 11.35% | 291,250 | $19.0M | Add +28.5% |
| ESTC Elastic NV | 10.86% | 236,785 | $18.2M | Add +56.7% |
| SITM Sitime Corp. | 9.69% | 94,510 | $16.2M | Reduce -8.1% |
| ALAB Astera Labs Inc. | 9.39% | 300,000 | $15.7M | New |
| JAMF Jamf Holding Corp. filed as JAMF HLDG CORP | 9.28% | 895,162 | $15.5M | Reduce -9.9% |
| PI Impinj Inc. | 8.60% | 66,449 | $14.4M | Reduce -17.0% |
| MITK Mitek Systems Inc. | 6.55% | 1,263,376 | $11.0M | Add +4.4% |
| EVER Everquote Inc. Class A | 5.67% | 450,104 | $9.5M | Reduce -30.2% |
| RSKD Riskified Ltd. Class A | 4.50% | 1,591,578 | $7.5M | Reduce -10.4% |
Portfolio Sells Q2 2024 → Q3 2024
| HLIT Harmonic Inc. | Reduce -32.6% | 11.38% | −3.25 |
| EVER Everquote Inc. Class A | Reduce -30.2% | 5.67% | −2.95 |
| RSKD Riskified Ltd. Class A | Reduce -10.4% | 4.50% | −2.77 |
| FN Fabrinet | Reduce -4.4% | 12.72% | −2.05 |
| JAMF Jamf Holding Corp. | Reduce -9.9% | 9.28% | −1.22 |
| PI Impinj Inc. | Reduce -17.0% | 8.60% | +0.55 |
| SITM Sitime Corp. | Reduce -8.1% | 9.69% | +1.49 |
Portfolio Buys Q2 2024 → Q3 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 11 | $35.5M | PI, SITM, EVER, KRNT, IDCC |
| Q1 2026 | 11 | $53.0M | PI, FN, WIX, ESTC, SITM |
| Q4 2025 | 11 | $104.7M | TWLO, PI, ESTC, SITM, HLIT |
| Q3 2025 | 12 | $150.9M | PI, TWLO, TRIP, EVER, SITM |
| Q2 2025 | 11 | $140.9M | FN, PI, TWLO, TRIP, ESTC |
| Q1 2025 | 11 | $142.9M | FN, PI, SITM, TWLO, TRIP |
| Q4 2024 | 11 | $158.3M | FN, TWLO, HLIT, SITM, ALAB |
| Q3 2024 | 11 | $167.3M | FN, HLIT, TWLO, ESTC, SITM |
| Q2 2024 | 10 | $156.1M | FN, HLIT, ESTC, JAMF, MITK |
| Q1 2024 | 11 | $180.6M | PI, FN, HLIT, TWLO, MITK |