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ThornTree Capital Partners LP

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13F filer, CIK 1688511, Boston, MA

ThornTree Capital Partners LP reported $731,339,436 across 19 holdings for the quarter ended 2026-06-30, in a 13F-HR filed 2026-08-14. Its ten largest share positions make up 73.76% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-26-003754

Period
2026-06-30
Reported value
$731M
Holdings
19
Top 10 weight
73.76%
New
5
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
AXPnew+166,784$56.4M
NTRAnew+116,021$31.5M
ADIadded+76,099$30.2M
NUadded+1,757,331$23.5M
LIONnew+1,246,584$19.1M

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
AFRMreduced-265,765-$21.7M
ONONreduced-528,567-$18.7M
VEEVexited-97,238-$17.1M
GOOGLexited-45,628-$13.1M
MTZreduced-24,913-$10.4M

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, Q2 2026

Share positions as resolved from 13F-HR 0001172661-26-003754, largest first. % of portfolio is the value over $731,339,436, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
VIKVIKING HOLDINGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q2: 616,700 shares 616,700$64.5M8.83%-60,387Timeline
CIENCIENA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q2: 130,272 shares 130,272$63.9M8.74%0Timeline
NUNU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q2: 4,584,775 shares 4,584,775$61.3M8.38%+1,757,331Timeline
FWONKLIBERTY MEDIA CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q2: 604,763 shares 604,763$57.5M7.87%+91,273Timeline
AXPAMERICAN EXPRESS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 166,784 shares 166,784$56.4M7.71%newTimeline
ADIANALOG DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 63,652 shares; 2026Q2: 139,751 shares 139,751$55.5M7.59%+76,099Timeline
RLRALPH LAUREN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q2: 135,557 shares 135,557$54.4M7.44%+18,017Timeline
AFRMAFFIRM HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q2: 568,524 shares 568,524$46.4M6.34%-265,765Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q2: 76,272 shares 76,272$43M5.87%0Timeline
MTZMASTEC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 112,741 shares; 2026Q2: 87,828 shares 87,828$36.5M5%-24,913Timeline
SHOPSHOPIFY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 211,795 shares; 2026Q2: 307,137 shares 307,137$35.1M4.8%+95,342Timeline
NTRANATERA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 116,021 shares 116,021$31.5M4.31%newTimeline
INTUINTUITQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q2: 98,636 shares 98,636$25.7M3.52%-32,537Timeline
ONONON HLDG AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q2: 668,771 shares 668,771$23.7M3.24%-528,567Timeline
NFLXNETFLIX INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q2: 300,810 shares 300,810$21.5M2.94%0Timeline
LIONLIONSGATE STUDIOS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 1,246,584 shares 1,246,584$19.1M2.61%newTimeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2026Q2: 10,642 shares 10,642$18.1M2.47%0Timeline
RRRRED ROCK RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 237,896 shares 237,896$15.5M2.12%newTimeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 2,401 shares 2,401$1.79M0.25%newTimeline

Sold out in Q2 2026

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

SecurityShares beforeValue beforeType
VEEVVEEVA SYS INC97,238$17.1Mshares
GOOGLALPHABET INC45,628$13.1Mshares

How Q2 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 0001172661-26-003754 base2026-08-14acceptance time not in the bulk data set