Toronado Partners, LLC 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Toronado Partners, LLC disclosed 12 US equity positions worth $150.9m in its Q3 2025 13F filing. The largest position was PI at 12.1% of the reported book, followed by TWLO and TRIP. Against the Q2 2025 filing, it opened 2 new positions, added to 5 and reduced 5 among the top 12 holdings.
What did Toronado Partners, LLC own in Q3 2025? Top 12 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | PI IMPINJ INC | Technology | 12.1% | $18.2m | 100,795 | -49% | reduced |
| 2 | TWLO TWILIO INC | Technology | 11.7% | $17.6m | 176,177 | 23% | added |
| 3 | TRIP TRIPADVISOR INC | Consumer Cyclical | 9.1% | $13.7m | 843,654 | -15% | reduced |
| 4 | EVER EVERQUOTE INC | Communication Services | 8.9% | $13.4m | 587,440 | 10% | added |
| 5 | SITM SITIME CORP | Technology | 8.1% | $12.3m | 40,785 | -31% | reduced |
| 6 | HLIT HARMONIC INC | Technology | 8.1% | $12.3m | 1,204,593 | 1% | added |
| 7 | FN FABRINET | Technology | 8.0% | $12.1m | 33,167 | -61% | reduced |
| 8 | JAMF JAMF HLDG CORP | 7.9% | $11.9m | 1,109,255 | 23% | added | |
| 9 | ESTC ELASTIC N V | Technology | 7.3% | $10.9m | 129,548 | -15% | reduced |
| 10 | ENPH ENPHASE ENERGY INC | Technology | 7.1% | $10.7m | 301,379 | – | new |
| 11 | AMPL AMPLITUDE INC | Technology | 6.9% | $10.4m | 970,344 | 236% | added |
| 12 | STUB STUBHUB HLDGS INC | Communication Services | 4.9% | $7.3m | 435,332 | – | 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.