ThornTree Capital Partners LP 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
ThornTree Capital Partners LP disclosed 17 US equity positions worth $600.6m in its Q2 2025 13F filing. The largest position was META at 9.4% of the reported book, followed by VIK and CSGP. Against the Q1 2025 filing, it opened 2 new positions, added to 7 and reduced 5 among the top 17 holdings.
What did ThornTree Capital Partners LP own in Q2 2025? Top 17 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | META META PLATFORMS INC | Communication Services | 9.4% | $56.3m | 76,272 | 0% | held |
| 2 | VIK VIKING HOLDINGS LTD | Consumer Cyclical | 7.0% | $41.9m | 785,860 | -18% | reduced |
| 3 | CSGP COSTAR GROUP INC | Real Estate | 6.9% | $41.2m | 512,507 | 30% | added |
| 4 | AFRM AFFIRM HLDGS INC | Financial Services | 6.8% | $40.9m | 591,076 | -11% | reduced |
| 5 | KMX CARMAX INC | Consumer Cyclical | 6.8% | $40.8m | 606,928 | 29% | added |
| 6 | NFLX NETFLIX INC | Communication Services | 6.7% | $40.3m | 30,081 | 0% | held |
| 7 | INTU INTUIT | Technology | 6.4% | $38.7m | 49,089 | -13% | reduced |
| 8 | NU NU HLDGS LTD | Financial Services | 6.4% | $38.6m | 2,812,435 | 7% | added |
| 9 | LLYVK LIBERTY MEDIA CORP DEL | 6.3% | $37.7m | 360,379 | 18% | added | |
| 10 | DKS DICKS SPORTING GOODS INC | Consumer Cyclical | 5.6% | $33.8m | 170,731 | – | new |
| 11 | FERG FERGUSON ENTERPRISES INC | Industrials | 5.4% | $32.3m | 148,481 | 99% | added |
| 12 | RL RALPH LAUREN CORP | Consumer Cyclical | 5.4% | $32.2m | 117,470 | 100% | added |
| 13 | CIEN CIENA CORP | Technology | 5.1% | $30.8m | 378,962 | -13% | reduced |
| 14 | 8QR CONFLUENT INC | 5.0% | $30.1m | 1,207,633 | 14% | added | |
| 15 | MELI MERCADOLIBRE INC | Consumer Cyclical | 4.6% | $27.8m | 10,642 | 0% | held |
| 16 | ON HLDG AG | 3.3% | $19.6m | 376,178 | -16% | reduced | |
| 17 | TSLA TESLA INC | Consumer Cyclical | 3.0% | $17.8m | 55,941 | – | new |
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.