2026 Q1 Portfolio Activity
In 2026 Q1, ThornTree Capital Partners LP maintained a portfolio of 19 distinct positions. The most significant new addition was MASTEC INC, now representing 6.44% of the total fund value. They heavily accumulated shares in LIBERTY MEDIA CORP DEL, increasing the position by 56.2%. Conversely, ThornTree Capital Partners LP completely exited their position in ROCKET COS INC.
Position History
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Total Positions
19
Quarter
2026 Q1
Top Holding
INTU (10.1%)
Top 10 Concentration
78.2%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-19 of 19
ThornTree Capital Partners LP Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
INTU
INTUIT
|
Technology | 10.06% | 9.89% |
#1
Prev: #1
|
8.5 |
—
|
41,871 | 46.9% |
P
S
|
131,173 | $56,716,582 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CIEN
CIENA CORP
|
Technology | 8.97% | 6.99% |
#2
5
Prev: #7
|
5.1 |
—
|
-48,385 | -27.1% |
P
S
|
130,272 | $50,575,499 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
VIK
VIKING HOLDINGS...
|
Consumer Cyclical | 8.83% | 7.40% |
#3
2
Prev: #5
|
6.5 |
—
|
57,092 | 9.2% |
P
S
|
677,087 | $49,752,353 | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
FWONK
LIBERTY MEDIA C...
|
Communication Services | 7.75% | 5.42% |
#4
8
Prev: #12
|
6.6 |
—
|
184,661 | 56.2% |
P
S
|
513,490 | $43,656,920 | 2023 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
META
META PLATFORMS ...
|
Communication Services | 7.74% | 8.42% |
#5
2
Prev: #3
|
4.6 |
—
|
no change | no change |
P
S
|
76,272 | $43,637,499 | 2018 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ONON
ON HLDG AG
|
Consumer Cyclical | 7.23% | 6.70% |
#6
2
Prev: #8
|
5.4 |
—
|
335,328 | 38.9% |
P
S
|
1,197,338 | $40,733,439 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NU
NU HLDGS LTD
|
Financial Services | 7.21% | 6.55% |
#7
3
Prev: #10
|
5.4 |
—
|
486,670 | 20.8% |
P
S
|
2,827,444 | $40,630,370 | 2023 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
RL
RALPH LAUREN CO...
|
Consumer Cyclical | 7.17% | 6.63% |
#8
1
Prev: #9
|
3.4 |
—
|
5,488 | 4.9% |
P
S
|
117,540 | $40,432,585 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AFRM
AFFIRM HLDGS IN...
|
Financial Services | 6.78% | 9.56% |
#9
7
Prev: #2
|
4.7 |
—
|
66,535 | 8.7% |
P
S
|
834,289 | $38,227,122 | 2021 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MTZ
MASTEC INC
|
Industrials | 6.44% | — |
#10
Prev: #—
|
6.1 |
—
|
112,741 | — |
NEW
|
112,741 | $36,273,289 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NFLX
NETFLIX INC.
|
ETF | 5.13% | 4.72% |
#11
2
Prev: #13
|
3.1 |
—
|
no change | no change |
P
S
|
300,810 | $28,922,882 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SHOP
SHOPIFY INC
|
Technology | 4.46% | — |
#12
Prev: #—
|
5.3 |
—
|
211,795 | — |
NEW
|
211,795 | $25,123,123 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ADI
ANALOG DEVICES ...
|
Technology | 3.59% | — |
#13
Prev: #—
|
4.9 |
—
|
63,652 | — |
NEW
|
63,652 | $20,250,247 | 2023 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MELI
MERCADOLIBRE IN...
|
Consumer Cyclical | 3.27% | 4.66% |
#14
Prev: #14
|
1.3 |
—
|
-3,184 | -23.0% |
P
S
|
10,642 | $18,400,231 | 2022 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
VEEV
VEEVA SYS INC
|
Healthcare | 3.03% | — |
#15
Prev: #—
|
4.7 |
—
|
97,238 | — |
NEW
|
97,238 | $17,080,827 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 2.33% | 7.69% |
#16
12
Prev: #4
|
0.9 |
—
|
-101,197 | -68.9% |
P
S
|
45,628 | $13,120,788 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CSGP
COSTAR GROUP IN...
|
Real Estate | 0.00% | 2.72% |
Sold All 😨
(Was: #15) |
0.0 |
—
|
-242,032 | -100.0% |
CLOSED
|
— | $— | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
DUOL
DUOLINGO INC
|
Technology | 0.00% | 5.43% |
Sold All 😨
(Was: #11) |
0.0 |
—
|
-184,867 | -100.0% |
CLOSED
|
— | $— | 2021 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
RKT
ROCKET COS INC
|
Financial Services | 0.00% | 7.23% |
Sold All 😨
(Was: #6) |
0.0 |
—
|
-2,231,659 | -100.0% |
CLOSED
|
— | $— | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 |
Showing 1-19 of 19 holdings