SEC 13F Intelligence

Managers / Q3 2022 · view latest →

Toronado Partners, LLC

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

Reported Value
$284M
Q3 2022
Positions
19
Filings on Record
30
2019–present window
Filed
Nov 10, 2022
original filing

Summary

Toronado Partners, LLC reported $284M in U.S.-listed holdings across 19 positions for Q3 2022.

Its largest position, TENB, represents 13.7% of the portfolio.

Compared with Q2 2022, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+14.2%
vs prior filed quarter
Top-10 Concentration
+94.5%
share of reported value
Largest Position
+13.7%
Tenable Holdings Ord

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: 87.0%Other: 6.9%ADR: 6.0%
  • Common Stock · 87.0% · $247M
  • Other · 6.9% · $20M
  • ADR · 6.0% · $17M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ESTCELASTIC NVNEW+417.9K417.9K+$30M$30M
PIIMPINJ INCTRIMMED−436.6K316.3K−$19M$25M
AMPLAMPLITUDE INCADDED+518.9K1.47M+$9M$23M
TWLOTWILIO INCADDED+95.0K396.9K+$2M$27M
BLBLACKLINE INCTRIMMED−58.8K259.0K−$6M$16M
RISKIFIED LTDADDED+699.7K5.00M+$608,000$20M
GDYNGRID DYNAMICS HLDGS CL ATRIMMED−377.8K1.97M−$3M$37M
TENBTENABLE HOLDINGS ORDADDED+126.3K1.11M−$6M$39M

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

Holdings — Q3 2022

11 positions (from 19 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TENBTENABLE HOLDINGS ORDhistory →COM13.67%$39M1.11M
2GDYNGRID DYNAMICS HLDGS CL Ahistory →COM13.04%$37M1.97M
3ESTCELASTIC NVhistory →COM10.57%$30M417.9K
4TWLOTWILIO INChistory →CL A9.68%$27M396.9K
5MXMAGNACHIP SEMICONDUCTOR CORPhistory →COM9.29%$26M2.57M
6PIIMPINJ INChistory →COM8.93%$25M316.3K
7MITKMITEK SYShistory →COM8.37%$24M2.59M
8AMPLAMPLITUDE INChistory →COM8.02%$23M1.47M
9RISKIFIED LTDCL A6.94%$20M5.00M
10GDSGDS HLDGS LTDhistory →SPONSORED ADR6.02%$17M967.5K
11BLBLACKLINE INChistory →COM5.47%$16M259.0K

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 ↗.