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ThornTree Capital Partners LP

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13F filer, CIK 1688511, Boston, MA

ThornTree Capital Partners LP reported $563,533,756 across 16 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15. Its ten largest share positions make up 78.19% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-26-002253

Period
2026-03-31
Reported value
$564M
Holdings
16
Top 10 weight
78.19%
New
4
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
MTZnew+112,741$36.3M
SHOPnew+211,795$25.1M
ADInew+63,652$20.3M
INTUadded+41,871$18.1M
VEEVnew+97,238$17.1M

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
RKTexited-2,231,659-$43.2M
DUOLexited-184,867-$32.4M
GOOGLreduced-101,197-$29.1M
CIENreduced-48,385-$18.8M
CSGPexited-242,032-$16.3M

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 2026

Share positions as resolved from 13F-HR 0001172661-26-002253, largest first. % of portfolio is the value over $563,533,756, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
INTUINTUITQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 56,543 shares; 2025Q2: 49,089 shares; 2025Q3: 78,110 shares; 2025Q4: 89,302 shares; 2026Q1: 131,173 shares 131,173$56.7M10.06%+41,871Timeline
CIENCIENA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 600,309 shares; 2024Q4: 611,992 shares; 2025Q1: 433,489 shares; 2025Q2: 378,962 shares; 2025Q3: 339,141 shares; 2025Q4: 178,657 shares; 2026Q1: 130,272 shares 130,272$50.6M8.97%-48,385Timeline
VIKVIKING HOLDINGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,086,322 shares; 2024Q4: 977,208 shares; 2025Q1: 959,057 shares; 2025Q2: 785,860 shares; 2025Q3: 619,995 shares; 2025Q4: 619,995 shares; 2026Q1: 677,087 shares 677,087$49.8M8.83%+57,092Timeline
FWONKLIBERTY MEDIA CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 433,988 shares; 2024Q4: 432,447 shares; 2025Q1: 305,386 shares; 2025Q2: 360,379 shares; 2025Q3: 328,829 shares; 2025Q4: 328,829 shares; 2026Q1: 513,490 shares 513,490$43.7M7.75%+184,661Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 95,442 shares; 2024Q4: 89,856 shares; 2025Q1: 76,272 shares; 2025Q2: 76,272 shares; 2025Q3: 76,272 shares; 2025Q4: 76,272 shares; 2026Q1: 76,272 shares 76,272$43.6M7.74%0Timeline
ONONON HLDG AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 441,444 shares; 2024Q4: 584,162 shares; 2025Q1: 450,282 shares; 2025Q2: 376,178 shares; 2025Q3: 579,034 shares; 2025Q4: 862,010 shares; 2026Q1: 1,197,338 shares 1,197,338$40.7M7.23%+335,328Timeline
NUNU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,036,703 shares; 2024Q4: 3,497,960 shares; 2025Q1: 2,620,248 shares; 2025Q2: 2,812,435 shares; 2025Q3: 2,724,091 shares; 2025Q4: 2,340,774 shares; 2026Q1: 2,827,444 shares 2,827,444$40.6M7.21%+486,670Timeline
RLRALPH LAUREN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 58,706 shares; 2025Q2: 117,470 shares; 2025Q3: 118,290 shares; 2025Q4: 112,052 shares; 2026Q1: 117,540 shares 117,540$40.4M7.17%+5,488Timeline
AFRMAFFIRM HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 716,715 shares; 2024Q4: 674,081 shares; 2025Q1: 662,841 shares; 2025Q2: 591,076 shares; 2025Q3: 415,599 shares; 2025Q4: 767,754 shares; 2026Q1: 834,289 shares 834,289$38.2M6.78%+66,535Timeline
MTZMASTEC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 112,741 shares 112,741$36.3M6.44%newTimeline
NFLXNETFLIX INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 54,305 shares; 2024Q4: 54,305 shares; 2025Q1: 30,081 shares; 2025Q2: 30,081 shares; 2025Q3: 30,081 shares; 2025Q4: 300,810 shares; 2026Q1: 300,810 shares 300,810$28.9M5.13%0Timeline
SHOPSHOPIFY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 211,795 shares 211,795$25.1M4.46%newTimeline
ADIANALOG DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 63,652 shares 63,652$20.3M3.59%newTimeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 18,758 shares; 2024Q4: 18,758 shares; 2025Q1: 10,642 shares; 2025Q2: 10,642 shares; 2025Q3: 12,079 shares; 2025Q4: 13,826 shares; 2026Q1: 10,642 shares 10,642$18.4M3.27%-3,184Timeline
VEEVVEEVA SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 97,238 shares 97,238$17.1M3.03%newTimeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 132,184 shares; 2025Q4: 146,825 shares; 2026Q1: 45,628 shares 45,628$13.1M2.33%-101,197Timeline

Sold out in Q1 2026

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

SecurityShares beforeValue beforeType
RKTROCKET COS INC2,231,659$43.2Mshares
DUOLDUOLINGO INC184,867$32.4Mshares
CSGPCOSTAR GROUP INC242,032$16.3Mshares

How Q1 2026 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 0001172661-26-002253 base2026-05-15acceptance time not in the bulk data set