ThornTree Capital Partners LP 13F holdings, Q2 2026
Holdings as of June 30, 2026 · filings on SEC EDGAR · this is the latest filing on record
ThornTree Capital Partners LP disclosed 19 US equity positions worth $731.3m in its Q2 2026 13F filing. The largest position was VIK at 8.8% of the reported book, followed by CIEN and NU. Against the Q1 2026 filing, it opened 5 new positions, added to 5 and reduced 5 among the top 19 holdings.
What did ThornTree Capital Partners LP own in Q2 2026? Top 19 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2026 |
|---|---|---|---|---|---|---|---|
| 1 | VIK VIKING HOLDINGS LTD | Consumer Cyclical | 8.8% | $64.5m | 616,700 | -9% | reduced |
| 2 | CIEN CIENA CORP | Technology | 8.7% | $63.9m | 130,272 | 0% | held |
| 3 | NU NU HLDGS LTD | Financial Services | 8.4% | $61.3m | 4,584,775 | 62% | added |
| 4 | LLYVK LIBERTY MEDIA CORP DEL | Communication Services | 7.9% | $57.5m | 604,763 | 18% | added |
| 5 | AXP AMERICAN EXPRESS CO | Financial Services | 7.7% | $56.4m | 166,784 | – | new |
| 6 | ADI ANALOG DEVICES INC | Technology | 7.6% | $55.5m | 139,751 | 120% | added |
| 7 | RL RALPH LAUREN CORP | Consumer Cyclical | 7.4% | $54.4m | 135,557 | 15% | added |
| 8 | AFRM AFFIRM HLDGS INC | Financial Services | 6.3% | $46.4m | 568,524 | -32% | reduced |
| 9 | META META PLATFORMS INC | Communication Services | 5.9% | $43.0m | 76,272 | 0% | held |
| 10 | MTZ MASTEC INC | Industrials | 5.0% | $36.5m | 87,828 | -22% | reduced |
| 11 | SHOP SHOPIFY INC | Technology | 4.8% | $35.1m | 307,137 | 45% | added |
| 12 | NTRA NATERA INC | Healthcare | 4.3% | $31.5m | 116,021 | – | new |
| 13 | INTU INTUIT | Technology | 3.5% | $25.7m | 98,636 | -25% | reduced |
| 14 | ON HLDG AG | 3.2% | $23.7m | 668,771 | -44% | reduced | |
| 15 | NFLX NETFLIX INC. | Communication Services | 2.9% | $21.5m | 300,810 | 0% | held |
| 16 | LION LIONSGATE STUDIOS CORP | 2.6% | $19.1m | 1,246,584 | – | new | |
| 17 | MELI MERCADOLIBRE INC | Consumer Cyclical | 2.5% | $18.1m | 10,642 | 0% | held |
| 18 | RRR RED ROCK RESORTS INC | Consumer Cyclical | 2.1% | $15.5m | 237,896 | – | new |
| 19 | SPY STATE STR SPDR S&P 500 ETF T | 0.2% | $1.8m | 2,401 | – | 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.