ThornTree Capital Partners LP Quant / Systematic

CIK: 0001688511 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value ($000): $653,360 (100.0% shares, 0.0% debt)

Holdings (18)

META META PLATFORMS INC 8.6%

Value ($000) $56,013 Shares 76,272 Est. Cost $196.22 Unrealized +278.8%

INTU INTUIT 8.2%

Value ($000) $53,342 Shares 78,110 Est. Cost $642.79 Unrealized +11.9%

CIEN CIENA CORP 7.6%

Value ($000) $49,403 Shares 339,141 Est. Cost $53.06 Unrealized +91.9%

NU NU HLDGS LTD 6.7%

Value ($000) $43,613 Shares 2,724,091 Est. Cost $6.50 Unrealized +114.7%

CSGP COSTAR GROUP INC 6.6%

Value ($000) $43,046 Shares 510,201 Est. Cost $76.07 Unrealized +16.2%

RKT ROCKET COS INC 6.4%

Value ($000) $42,141 Shares 2,174,449 Est. Cost $17.44 Unrealized 0.0%

VIK VIKING HOLDINGS LTD 5.9%

Value ($000) $38,539 Shares 619,995 Est. Cost $30.88 Unrealized +93.1%

RL RALPH LAUREN CORP 5.7%

Value ($000) $37,091 Shares 118,290 Est. Cost $245.07 Unrealized +20.9%

NFLX NETFLIX INC 5.5%

Value ($000) $36,065 Shares 30,081 Est. Cost $38.76 Unrealized +214.9%

CFLT CONFLUENT INC 5.3%

Value ($000) $34,666 Shares 1,750,817 Est. Cost $25.92 Unrealized -19.3%

FWONK LIBERTY MEDIA CORP DEL 5.3%

Value ($000) $34,346 Shares 328,829 Est. Cost $70.41 Unrealized —

DKS DICKS SPORTING GOODS INC 5.1%

Value ($000) $33,628 Shares 151,329 Est. Cost $182.31 Unrealized +18.2%

GOOGL ALPHABET INC 4.9%

Value ($000) $32,134 Shares 132,184 Est. Cost $209.20 Unrealized 0.0%

AFRM AFFIRM HLDGS INC 4.6%

Value ($000) $30,372 Shares 415,599 Est. Cost $32.07 Unrealized +137.3%

MELI MERCADOLIBRE INC 4.3%

Value ($000) $28,228 Shares 12,079 Est. Cost $1301.84 Unrealized +84.4%

ONON ON HLDG AG 3.8%

Value ($000) $24,522 Shares 579,034 Est. Cost $36.95 Unrealized +28.8%

TDS TELEPHONE & DATA SYS INC 3.2%

Value ($000) $20,864 Shares 531,692 Est. Cost $38.48 Unrealized 0.0%

FERG FERGUSON ENTERPRISES INC 2.3%

Value ($000) $15,349 Shares 68,344 Est. Cost $188.96 Unrealized +18.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	76,272	$56,013	8.6%	$196.22	+278.8%	CL A	30303M102
INTU	INTUIT	78,110	$53,342	8.2%	$642.79	+11.9%	COM	461202103
CIEN	CIENA CORP	339,141	$49,403	7.6%	$53.06	+91.9%	COM NEW	171779309
NU	NU HLDGS LTD	2,724,091	$43,613	6.7%	$6.50	+114.7%	ORD SHS CL A	G6683N103
CSGP	COSTAR GROUP INC	510,201	$43,046	6.6%	$76.07	+16.2%	COM	22160N109
RKT	ROCKET COS INC	2,174,449	$42,141	6.4%	$17.44	0.0%	COM CL A	77311W101
VIK	VIKING HOLDINGS LTD	619,995	$38,539	5.9%	$30.88	+93.1%	ORD SHS	G93A5A101
RL	RALPH LAUREN CORP	118,290	$37,091	5.7%	$245.07	+20.9%	CL A	751212101
NFLX	NETFLIX INC	30,081	$36,065	5.5%	$38.76	+214.9%	COM	64110L106
CFLT	CONFLUENT INC	1,750,817	$34,666	5.3%	$25.92	-19.3%	CLASS A COM	20717M103
FWONK	LIBERTY MEDIA CORP DEL	328,829	$34,346	5.3%	$70.41	—	COM LBTY ONE S C	531229755
DKS	DICKS SPORTING GOODS INC	151,329	$33,628	5.1%	$182.31	+18.2%	COM	253393102
GOOGL	ALPHABET INC	132,184	$32,134	4.9%	$209.20	0.0%	CAP STK CL A	02079K305
AFRM	AFFIRM HLDGS INC	415,599	$30,372	4.6%	$32.07	+137.3%	COM CL A	00827B106
MELI	MERCADOLIBRE INC	12,079	$28,228	4.3%	$1301.84	+84.4%	COM	58733R102
ONON	ON HLDG AG	579,034	$24,522	3.8%	$36.95	+28.8%	NAMEN AKT A	H5919C104
TDS	TELEPHONE & DATA SYS INC	531,692	$20,864	3.2%	$38.48	0.0%	COM NEW	879433829
FERG	FERGUSON ENTERPRISES INC	68,344	$15,349	2.3%	$188.96	+18.9%	COMMON STOCK NEW	31488V107