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ThornTree Capital Partners LP

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13F filer, CIK 1688511, Boston, MA

ThornTree Capital Partners LP reported $453,005,131 across 19 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 71.32% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-002153

Period
2025-03-31
Reported value
$453M
Holdings
19
Top 10 weight
71.32%
New
3
Sold out
10

Largest buys vs the previous quarter

SecurityShares changeApprox. value
INTUnew+56,543$34.7M
CFLTnew+1,059,340$24.8M
RLnew+58,706$13M
KMXadded+34,500$2.69M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
DUOLexited-85,532-$27.7M
NFLXreduced-24,224-$22.6M
ACVAexited-1,040,719-$22.5M
BIRKexited-344,257-$19.5M
MELIreduced-8,116-$15.8M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001172661-25-002153, largest first. % of portfolio is the value over $453,005,131, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 95,442 shares; 2024Q4: 89,856 shares; 2025Q1: 76,272 shares 76,272$44M9.7%-13,584Timeline
VIKVIKING HOLDINGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,086,322 shares; 2024Q4: 977,208 shares; 2025Q1: 959,057 shares 959,057$38.1M8.42%-18,151Timeline
KMXCARMAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 435,568 shares; 2025Q1: 470,068 shares 470,068$36.6M8.09%+34,500Timeline
INTUINTUITQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 56,543 shares 56,543$34.7M7.66%newTimeline
CSGPCOSTAR GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 463,350 shares; 2025Q1: 393,198 shares 393,198$31.2M6.88%-70,152Timeline
AFRMAFFIRM HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 716,715 shares; 2024Q4: 674,081 shares; 2025Q1: 662,841 shares 662,841$30M6.61%-11,240Timeline
NFLXNETFLIX INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 54,305 shares; 2024Q4: 54,305 shares; 2025Q1: 30,081 shares 30,081$28.1M6.19%-24,224Timeline
FWONKLIBERTY MEDIA CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 433,988 shares; 2024Q4: 432,447 shares; 2025Q1: 305,386 shares 305,386$27.5M6.07%-127,061Timeline
NUNU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,036,703 shares; 2024Q4: 3,497,960 shares; 2025Q1: 2,620,248 shares 2,620,248$26.8M5.92%-877,712Timeline
CIENCIENA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 600,309 shares; 2024Q4: 611,992 shares; 2025Q1: 433,489 shares 433,489$26.2M5.78%-178,503Timeline
CFLTCONFLUENT INC-CLASS AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,059,340 shares 1,059,340$24.8M5.48%newTimeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,758 shares; 2024Q4: 18,758 shares; 2025Q1: 10,642 shares 10,642$20.8M4.58%-8,116Timeline
ONONON HLDG AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 441,444 shares; 2024Q4: 584,162 shares; 2025Q1: 450,282 shares 450,282$19.8M4.37%-133,880Timeline
WBDWARNER BROS DISCOVERY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,078,165 shares; 2025Q1: 1,792,720 shares 1,792,720$19.2M4.25%-285,445Timeline
ADARRAY DIGITAL INFRASTRUCTUREQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 403,971 shares; 2024Q4: 351,923 shares; 2025Q1: 200,366 shares 200,366$13.9M3.06%-151,557Timeline
RLRALPH LAUREN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 58,706 shares 58,706$13M2.86%newTimeline
FERGFERGUSON ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 67,692 shares; 2024Q4: 158,711 shares; 2025Q1: 74,667 shares 74,667$12M2.64%-84,044Timeline
BOOTBOOT BARN HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 95,919 shares; 2024Q4: 50,000 shares; 2025Q1: 50,000 shares 50,000$5.37M1.19%0Timeline
LLYVKLIBERTY MEDIA CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,891 shares; 2024Q4: 16,891 shares; 2025Q1: 16,891 shares 16,891$1.15M0.25%0Timeline

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
NFLXNETFLIX INC.65,000$57.9Mput
DUOLDUOLINGO INC85,532$27.7Mshares
DUOLDUOLINGO INC85,000$27.6Mput
FLUTFLUTTER ENTMT PLC100,000$25.8Mput
MELIMERCADOLIBRE INC15,000$25.5Mput
ACVAACV AUCTIONS INC1,040,719$22.5Mshares
BIRKBIRKENSTOCK HOLDING PLC344,257$19.5Mshares
FERGFERGUSON ENTERPRISES INC100,000$17.4Mput
ONONON HLDG AG220,000$12Mput
NUNU HLDGS LTD750,000$7.77Mcall

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-25-002153 base2025-05-15acceptance time not in the bulk data set