Managers / Q1 2026
Toronado Partners, LLC
CIK 0001749611 · 50 CALIFORNIA ST., SUITE 1500, SAN FRANCISCO, CA, 94111 · 415-969-8681
Summary
Toronado Partners, LLC reported $53M in U.S.-listed holdings across 11 positions for Q1 2026.
Its largest position, PI, represents 13.6% of the portfolio.
Compared with Q4 2025, the fund opened 2 new positions and exited 2.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 93.4% · $50M
- Other · 6.6% · $3M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| KORNIT DIGITAL LTD | NEW | +238.4K | 238.4K | +$3M | $3M |
| AMBQAMBIQ MICRO INC | NEW | +21.2K | 21.2K | +$539,251 | $539,251 |
| TRIPTRIPADVISOR INC | SOLD OUT | −576.7K | 0 | −$8M | $0 |
| STUBSTUBHUB HLDGS INC | SOLD OUT | −555.7K | 0 | −$8M | $0 |
| TWLOTWILIO INC | TRIMMED | −67.7K | 37.0K | −$10M | $5M |
| AMPLAMPLITUDE INC | TRIMMED | −456.8K | 318.8K | −$7M | $2M |
| SITMSITIME CORP | TRIMMED | −13.9K | 16.2K | −$5M | $6M |
| HLITHARMONIC | TRIMMED | −443.6K | 565.1K | −$5M | $5M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | PIIMPINJ INChistory → | COM | 13.60% | $7M | 70.2K |
| 2 | FNFABRINET SHShistory → | COM | 12.81% | $7M | 13.0K |
| 3 | WIXWIX COM LTDhistory → | SHS | 12.73% | $7M | 74.9K |
| 4 | ESTCELASTIC NVhistory → | COM | 11.56% | $6M | 122.5K |
| 5 | SITMSITIME CORPhistory → | COM | 10.58% | $6M | 16.2K |
| 6 | HLITHARMONIChistory → | COM | 9.57% | $5M | 565.1K |
| 7 | TWLOTWILIO INChistory → | CL A | 8.78% | $5M | 37.0K |
| 8 | EVEREVERQUOTE INChistory → | COM CL A | 8.64% | $5M | 297.0K |
| 9 | KORNIT DIGITAL LTD | SHS | 6.59% | $3M | 238.4K |
| 10 | AMPLAMPLITUDE INChistory → | COM CL A | 4.10% | $2M | 318.8K |
| 11 | AMBQAMBIQ MICRO INChistory → | COMMON STOCK | 1.02% | $539,251 | 21.2K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $53M | 11 | May 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $105M | 11 | Feb 12, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $151M | 12 | Nov 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $141M | 11 | Aug 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $143M | 11 | May 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $158M | 11 | Feb 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $167M | 11 | Nov 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $156M | 10 | Aug 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $181M | 17 | May 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $190M | 18 | Feb 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $176M | 19 | Nov 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $231M | 21 | Aug 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $273M | 17 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $261M | 17 | May 12, 2023 | RESTATEMENT | changes · EDGAR ↗ |
| Q3 2022 | $284M | 19 | Nov 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $307M | 17 | Aug 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $340M | 17 | May 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $314M | 16 | Feb 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $284M | 15 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $343M | 17 | Aug 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $308M | 10 | May 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $377M | 11 | Feb 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $359M | 12 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $383M | 11 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $320M | 11 | May 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $352M | 12 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $292M | 12 | Nov 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $228M | 12 | Aug 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $183M | 11 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.