ThornTree Capital Partners LP Quant / Systematic

Location: Boston, MA

CIK: 0001688511 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $598M (100.0% shares, 0.0% debt)

Holdings (15)

INTU INTUIT 9.9%

Value $59.16M Shares 89,302 Est. Cost $645.03 Unrealized +2.4%

AFRM AFFIRM HLDGS INC 9.6%

Value $57.14M Shares 767,754 Est. Cost $50.37 Unrealized +42.9%

META META PLATFORMS INC 8.4%

Value $50.35M Shares 76,272 Est. Cost $196.22 Unrealized +240.1%

GOOGL ALPHABET INC 7.7%

Value $45.96M Shares 146,825 Est. Cost $216.82 Unrealized +31.7%

VIK VIKING HOLDINGS LTD 7.4%

Value $44.27M Shares 619,995 Est. Cost $30.88 Unrealized +106.6%

RKT ROCKET COS INC 7.2%

Value $43.2M Shares 2,231,659 Est. Cost $17.45 Unrealized +2.5%

CIEN CIENA CORP 7.0%

Value $41.78M Shares 178,657 Est. Cost $53.06 Unrealized +265.6%

ONON ON HLDG AG 6.7%

Value $40.07M Shares 862,010 Est. Cost $38.97 Unrealized +10.6%

RL RALPH LAUREN CORP 6.6%

Value $39.62M Shares 112,052 Est. Cost $245.07 Unrealized +38.7%

NU NU HLDGS LTD 6.6%

Value $39.18M Shares 2,340,774 Est. Cost $6.50 Unrealized +147.4%

DUOL DUOLINGO INC 5.4%

Value $32.44M Shares 184,867 Est. Cost $235.64 Unrealized 0.0%

FWONK LIBERTY MEDIA CORP DEL 5.4%

Value $32.39M Shares 328,829 Est. Cost $70.41 Unrealized —

NFLX NETFLIX INC 4.7%

Value $28.2M Shares 300,810 Est. Cost $100.90 Unrealized +6.8%

MELI MERCADOLIBRE INC 4.7%

Value $27.85M Shares 13,826 Est. Cost $1402.75 Unrealized +49.7%

CSGP COSTAR GROUP INC 2.7%

Value $16.27M Shares 242,032 Est. Cost $76.07 Unrealized -6.9%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
INTU	INTUIT	89,302	$59.16M	9.9%	$645.03	+2.4%	COM	461202103
AFRM	AFFIRM HLDGS INC	767,754	$57.14M	9.6%	$50.37	+42.9%	COM CL A	00827B106
META	META PLATFORMS INC	76,272	$50.35M	8.4%	$196.22	+240.1%	CL A	30303M102
GOOGL	ALPHABET INC	146,825	$45.96M	7.7%	$216.82	+31.7%	CAP STK CL A	02079K305
VIK	VIKING HOLDINGS LTD	619,995	$44.27M	7.4%	$30.88	+106.6%	ORD SHS	G93A5A101
RKT	ROCKET COS INC	2,231,659	$43.2M	7.2%	$17.45	+2.5%	COM CL A	77311W101
CIEN	CIENA CORP	178,657	$41.78M	7.0%	$53.06	+265.6%	COM NEW	171779309
ONON	ON HLDG AG	862,010	$40.07M	6.7%	$38.97	+10.6%	NAMEN AKT A	H5919C104
RL	RALPH LAUREN CORP	112,052	$39.62M	6.6%	$245.07	+38.7%	CL A	751212101
NU	NU HLDGS LTD	2,340,774	$39.18M	6.6%	$6.50	+147.4%	ORD SHS CL A	G6683N103
DUOL	DUOLINGO INC	184,867	$32.44M	5.4%	$235.64	0.0%	CL A COM	26603R106
FWONK	LIBERTY MEDIA CORP DEL	328,829	$32.39M	5.4%	$70.41	—	COM LBTY ONE S C	531229755
NFLX	NETFLIX INC	300,810	$28.2M	4.7%	$100.90	+6.8%	COM	64110L106
MELI	MERCADOLIBRE INC	13,826	$27.85M	4.7%	$1402.75	+49.7%	COM	58733R102
CSGP	COSTAR GROUP INC	242,032	$16.27M	2.7%	$76.07	-6.9%	COM	22160N109