Toronado Partners, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Toronado Partners, LLC reported 11 stock positions worth $142.9 million. Its top holding was Fabrinet (FN) at 14.0% of the portfolio, followed by Impinj (PI, 13.8%) and Sitime (SITM, 13.7%). Compared with Q4 2024, it added to 6 and reduced 5. The biggest buy was Impinj (PI, shares +139%) and the biggest sale Astera Labs (ALAB, shares −47%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001749611
- Portfolio Value
- $142.9M (Q1 2025)
- SEC Filing
- 0001420506-25-001098 ↗ filed May 14, 2025
Holdings Value
Holdings 11 stocks · $142.9M
| FN Fabrinet | 14.00% | 101,329 | $20.0M | Add +2.6% |
| PI Impinj Inc. | 13.76% | 216,773 | $19.7M | Add +139.1% |
| SITM Sitime Corp. | 13.69% | 127,986 | $19.6M | Add +69.2% |
| TWLO Twilio Inc. Class A | 10.11% | 147,654 | $14.5M | Reduce -7.9% |
| TRIP Tripadvisor Inc. | 9.29% | 936,607 | $13.3M | Add +31.3% |
| EVER Everquote Inc. Class A | 8.49% | 463,613 | $12.1M | Reduce -35.5% |
| ESTC Elastic NV | 8.46% | 135,735 | $12.1M | Add +10.6% |
| JAMF Jamf Holding Corp. filed as JAMF HLDG CORP | 8.23% | 967,963 | $11.8M | Add +2.9% |
| HLIT Harmonic Inc. | 8.03% | 1,196,640 | $11.5M | Reduce -6.0% |
| RSKD Riskified Ltd. Class A | 3.36% | 1,039,658 | $4.8M | Reduce -32.0% |
| ALAB Astera Labs Inc. | 2.58% | 61,811 | $3.7M | Reduce -47.1% |
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
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 |