ThornTree Capital Partners LP holds a focused book of 19 reported positions worth $731.3M as of Q2 2026 (disclosed Aug 14, 2026, a ~45-day 13F lag). This quarter they opened American Express Co and trimmed Viking Holdings Ltd. Their largest long position is Viking Holdings Ltd at 9% of the reported non-option book. Cloning the disclosed picks since 2025 would be +12% (+11.4%/yr). That is a simulation of the disclosed long book, not audited returns.
Following at the filing date actually beat the quarter-end book by 14.8 points over this window.
Growth of $10,000 cloning ThornTree Capital Partners LP's disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~45 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.
Top-heavy: focused book
Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.
100% mapped to company sectors
+1 sector below the cut, under 0.5% together
Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.
Estimated $ traded · quarter-end prices (an exit at the prior quarter-end), no cost basis
Other tracked managers holding the same core names as ThornTree Capital Partners LP
| Manager / fund | Shared names | Their $ in those |
|---|---|---|
| Sharp Capital Gestora de Recursos Ltda. | 2 / 19 | $124.6M |
| Dynamo Internacional Gestao De Recursos Ltda. | 2 / 19 | $207.7M |
| Squadra Investments - Gestao De Recursos Ltda. | 2 / 19 | $619.5M |
| Larch Capital Partners LLC | 2 / 19 | $479.6M |
| Marest Capital, LLC | 3 / 19 | $128.6M |
| III Capital Management | 3 / 19 | $252.1M |
| Atmos Capital Gestao De Recursos Ltda. | 4 / 19 | $482.5M |
| Trust Asset Management LLC | 7 / 19 | $922.0M |
Ranked by the share of each fund's own book sitting in the names it shares with ThornTree Capital Partners LP: only funds sharing at least a tenth of the book qualify. Index giants, bank custody books and market makers are excluded. They hold everything, so their overlap says nothing.
Bars show each position's share of the portfolio. Click a row for its position history.
| # | Security | Value | Shares | % Port | Last move | History |
|---|---|---|---|---|---|---|
| 1 | Viking Holdings Ltd ORD SHS | $64.5M | 616.7K | 8.8% | ▼−8.9% Reduced · −60K sh | |
| 2 | Ciena Corp COM NEW | $63.9M | 130.3K | 8.7% | —Held | |
| 3 | Nu Hldgs Ltd ORD SHS CL A | $61.3M | 4.58M | 8.4% | ▲+62% Added · +1.8M sh | |
| 4 | Liberty Media Corp Del COM LBTY ONE S C | $57.5M | 604.8K | 7.9% | ▲+18% Added · +91K sh | |
| 5 | American Express Co COM | $56.4M | 166.8K | 7.7% | ▲New New position | |
| 6 | Analog Devices Inc COM | $55.5M | 139.8K | 7.6% | ▲+120% Added · +76K sh | |
| 7 | Ralph Lauren Corp CL A | $54.4M | 135.6K | 7.4% | ▲+15% Added · +18K sh | |
| 8 | Affirm Hldgs Inc COM CL A | $46.4M | 568.5K | 6.3% | ▼−32% Reduced · −266K sh | |
| 9 | Meta Platforms Inc CL A | $43.0M | 76.3K | 5.9% | —Held | |
| 10 | Mastec Inc COM | $36.5M | 87.8K | 5.0% | ▼−22% Reduced · −25K sh | |
| 11 | Shopify Inc CL A SUB VTG SHS | $35.1M | 307.1K | 4.8% | ▲+45% Added · +95K sh | |
| 12 | Natera Inc COM | $31.5M | 116.0K | 4.3% | ▲New New position | |
| 13 | Intuit COM | $25.7M | 98.6K | 3.5% | ▼−25% Reduced · −33K sh | |
| 14 | On Hldg AG NAMEN AKT A | $23.7M | 668.8K | 3.2% | ▼−44% Reduced · −529K sh | |
| 15 | Netflix Inc. COM | $21.5M | 300.8K | 2.9% | —Held | |
| 16 | Lionsgate Studios Corp COM | $19.1M | 1.25M | 2.6% | ▲New New position | |
| 17 | Mercadolibre Inc COM | $18.1M | 10.6K | 2.5% | —Held | |
| 18 | Red Rock Resorts Inc CL A | $15.5M | 237.9K | 2.1% | ▲New New position | |
| 19 | State STR SPDR S&P 500 ETF T TR UNIT | $1.8M | 2.4K | 0.2% | ▲New New position |
This fund page is the Follow view. The Build view lets your agent pull holdings, quarter changes, overlap, and source filings through API or MCP.
curl -H "Authorization: Bearer YOUR_API_KEY" \ "https://arkolith.com/api/v1/funds/1688511/holdings"
Use Arkolith to show ThornTree Capital Partners LP's latest holdings, largest changes, and filing provenance.
As-of date vs the date the SEC received each filing
Reported 13F total per quarter. Raw filing totals can include option notional.
Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. Book totals and portfolio weights cover reported non-option positions, which can include notes and warrants. Disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.