SEC 13F Intelligence

Managers / Q3 2019 · view latest →

Toronado Partners, LLC

CIK 0001749611 · 50 CALIFORNIA ST., SUITE 1500, SAN FRANCISCO, CA, 94111 · 415-969-8681

Reported Value
$292M
Q3 2019
Positions
12
Filings on Record
30
2019–present window
Filed
Nov 13, 2019
original filing

Summary

Toronado Partners, LLC reported $292M in U.S.-listed holdings across 12 positions for Q3 2019.

Its largest position, Carbon Black, represents 12.8% of the portfolio.

The book was largely unchanged from Q2 2019.

Portfolio Metrics

Turnover
+0.2%
vs prior filed quarter
Top-10 Concentration
+90.0%
share of reported value
Largest Position
+12.8%
Carbon Black

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

13F Reported Value
Q1 ’19: $183MQ1 ’19Q2 ’19: $228MQ3 ’19: $292MQ4 ’19: $352MQ1 ’20: $320MQ1 ’20Q2 ’20: $383MQ3 ’20: $359MQ4 ’20: $377MQ1 ’21: $308MQ1 ’21Q2 ’21: $343MQ3 ’21: $284MQ4 ’21: $314MQ1 ’22: $340MQ1 ’22Q2 ’22: $307MQ3 ’22: $284MQ4 ’22: $261MQ1 ’23: $273MQ1 ’23Q2 ’23: $231MQ3 ’23: $176MQ4 ’23: $190MQ1 ’24: $181MQ1 ’24Q2 ’24: $156MQ3 ’24: $167MQ4 ’24: $158MQ1 ’25: $143MQ1 ’25Q2 ’25: $141MQ3 ’25: $151MQ4 ’25: $105MQ1 ’26: $53MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 67.5%Other: 21.5%ADR: 11.0%
  • Common Stock · 67.5% · $197M
  • Other · 21.5% · $63M
  • ADR · 11.0% · $32M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MITKMITEK SYS INCADDED+864.0K1.30M+$8M$13M
NEW RELIC INCADDED+302.1K567.9K+$12M$35M
TWLOTWILIO INCADDED+65.0K151.6K+$5M$17M
BLBLACKLINE INCADDED+159.2K501.5K+$6M$24M
ZENDESK INCADDED+75.0K250.6K+$3M$18M
EHTHEHEALTH INCADDED+106.9K372.6K+$2M$25M
GDSGDS HLDGS LTDADDED+218.8K799.2K+$10M$32M
PIIMPINJ INCTRIMMED−62.9K689.4K−$276,000$21M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2019

12 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CARBON BLACK INCCOM12.78%$37M1.44M
2NEW RELIC INCCOM11.94%$35M567.9K
3GDSGDS HLDGS LTDhistory →SPONSORED ADS10.96%$32M799.2K
4VIAVVIAVI SOLUTIONS INChistory →COM9.54%$28M1.99M
5INTERXION HOLDING N.VSHS8.72%$25M312.8K
6EHTHEHEALTH INChistory →COM8.51%$25M372.6K
7BLBLACKLINE INChistory →COM8.20%$24M501.5K
8PIIMPINJ INChistory →COM7.27%$21M689.4K
9ZENDESK INCCOM6.25%$18M250.6K
10MXMAGNACHIP SEMICONDUCTOR CORPhistory →COM5.82%$17M1.68M
11TWLOTWILIO INChistory →CL A5.70%$17M151.6K
12MITKMITEK SYS INChistory →COM NEW4.30%$13M1.30M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$53M11May 13, 202613F-HRchanges · EDGAR ↗
Q4 2025$105M11Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$151M12Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$141M11Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$143M11May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$158M11Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$167M11Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$156M10Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$181M17May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$190M18Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$176M19Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$231M21Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$273M17May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$261M17May 12, 2023RESTATEMENTchanges · EDGAR ↗
Q3 2022$284M19Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$307M17Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$340M17May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$314M16Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$284M15Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$343M17Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$308M10May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$377M11Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$359M12Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$383M11Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$320M11May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$352M12Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$292M12Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$228M12Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$183M11May 15, 201913F-HRchanges · 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 ↗.