Q3 2025 · 13F-HR
ThornTree Capital Partners LPholdings as filed
Filed 2025-11-14 · accession 0001172661-25-005051
$653.4M
Reported value
18
Positions
2025-09-30
Period end
The Brief · ThornTree Capital Partners LP · Q3 2025
AI · grounded in 13F
ThornTree Capital Partners LP established a new position in META valued at $56.0M. The fund also initiated new stakes in INTU for $53.3M and CIEN for $49.4M. Other new additions include NU at $43.6M, CSGP at $43.0M, and RKT at $42.1M. The fund ended the period with 18 positions and total AUM of $653.4M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 30303M102 | META | META PLATFORMS INC | $56.0M | 8.57% | 76,272 | Common | SOLE |
| 461202103 | INTU | INTUIT | $53.3M | 8.16% | 78,110 | Common | SOLE |
| 171779309 | CIEN | CIENA CORP | $49.4M | 7.56% | 339,141 | Common | SOLE |
| G6683N103 | NU | NU HLDGS LTD | $43.6M | 6.68% | 2,724,091 | Common | SOLE |
| 22160N109 | CSGP | COSTAR GROUP INC | $43.0M | 6.59% | 510,201 | Common | SOLE |
| 77311W101 | RKT | ROCKET COS INC | $42.1M | 6.45% | 2,174,449 | Common | SOLE |
| G93A5A101 | VIK | VIKING HOLDINGS LTD | $38.5M | 5.90% | 619,995 | Common | SOLE |
| 751212101 | RL | RALPH LAUREN CORP | $37.1M | 5.68% | 118,290 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $36.1M | 5.52% | 30,081 | Common | SOLE |
| 20717M103 | 8QR | CONFLUENT INC | $34.7M | 5.31% | 1,750,817 | Common | SOLE |
| 531229755 | FWONK | LIBERTY MEDIA CORP DEL | $34.3M | 5.26% | 328,829 | Common | SOLE |
| 253393102 | DKS | DICKS SPORTING GOODS INC | $33.6M | 5.15% | 151,329 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $32.1M | 4.92% | 132,184 | Common | SOLE |
| 00827B106 | AFRM | AFFIRM HLDGS INC | $30.4M | 4.65% | 415,599 | Common | SOLE |
| 58733R102 | MELI | MERCADOLIBRE INC | $28.2M | 4.32% | 12,079 | Common | SOLE |
| H5919C104 | ONON | ON HLDG AG | $24.5M | 3.75% | 579,034 | Common | SOLE |
| 879433829 | TDS | TELEPHONE & DATA SYS INC | $20.9M | 3.19% | 531,692 | Common | SOLE |
| 31488V107 | FERG | FERGUSON ENTERPRISES INC | $15.3M | 2.35% | 68,344 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.