ThornTree Capital Partners LP 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
ThornTree Capital Partners LP disclosed 19 US equity positions worth $453.0m in its Q1 2025 13F filing. The largest position was META at 9.7% of the reported book, followed by VIK and KMX. Against the Q4 2024 filing, it opened 3 new positions, added to 1 and reduced 13 among the top 19 holdings.
What did ThornTree Capital Partners LP own in Q1 2025? Top 19 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | META META PLATFORMS INC | Communication Services | 9.7% | $44.0m | 76,272 | -15% | reduced |
| 2 | VIK VIKING HOLDINGS LTD | Consumer Cyclical | 8.4% | $38.1m | 959,057 | -2% | reduced |
| 3 | KMX CARMAX INC | Consumer Cyclical | 8.1% | $36.6m | 470,068 | 8% | added |
| 4 | INTU INTUIT | Technology | 7.7% | $34.7m | 56,543 | – | new |
| 5 | CSGP COSTAR GROUP INC | Real Estate | 6.9% | $31.2m | 393,198 | -15% | reduced |
| 6 | AFRM AFFIRM HLDGS INC | Financial Services | 6.6% | $30.0m | 662,841 | -2% | reduced |
| 7 | NFLX NETFLIX INC | Communication Services | 6.2% | $28.1m | 30,081 | -45% | reduced |
| 8 | LLYVK LIBERTY MEDIA CORP DEL | 6.1% | $27.5m | 305,386 | -29% | reduced | |
| 9 | NU NU HLDGS LTD | Financial Services | 5.9% | $26.8m | 2,620,248 | -25% | reduced |
| 10 | CIEN CIENA CORP | Technology | 5.8% | $26.2m | 433,489 | -29% | reduced |
| 11 | 8QR CONFLUENT INC | 5.5% | $24.8m | 1,059,340 | – | new | |
| 12 | MELI MERCADOLIBRE INC | Consumer Cyclical | 4.6% | $20.8m | 10,642 | -43% | reduced |
| 13 | ON HLDG AG | 4.4% | $19.8m | 450,282 | -23% | reduced | |
| 14 | WBD WARNER BROS DISCOVERY INC | Communication Services | 4.2% | $19.2m | 1,792,720 | -14% | reduced |
| 15 | AD UNITED STATES CELLULAR CORP | Communication Services | 3.1% | $13.9m | 200,366 | -43% | reduced |
| 16 | RL RALPH LAUREN CORP | Consumer Cyclical | 2.9% | $13.0m | 58,706 | – | new |
| 17 | FERG FERGUSON ENTERPRISES INC | Industrials | 2.6% | $12.0m | 74,667 | -53% | reduced |
| 18 | BOOT BOOT BARN HLDGS INC | Consumer Cyclical | 1.2% | $5.4m | 50,000 | 0% | held |
| 19 | LIBERTY MEDIA CORP DEL | 0.3% | $1.2m | 16,891 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.