Managers / Q2 2024 · view latest →
Toronado Partners, LLC
CIK 0001749611 · 50 CALIFORNIA ST., SUITE 1500, SAN FRANCISCO, CA, 94111 · 415-969-8681
Summary
Toronado Partners, LLC reported $156M in U.S.-listed holdings across 10 positions for Q2 2024.
Its largest position, FN, represents 14.8% of the portfolio.
Compared with Q1 2024, the fund opened 0 new positions and exited 1.
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 · 92.7% · $145M
- Other · 7.3% · $11M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| TENBTENABLE HLDGS INC | SOLD OUT | −96.1K | 0 | −$5M | $0 |
| PIIMPINJ INC | TRIMMED | −140.9K | 80.1K | −$16M | $13M |
| JAMFJAMF HLDG CORP | ADDED | +264.3K | 993.6K | +$3M | $16M |
| HLITHARMONIC INC | ADDED | +496.2K | 1.94M | +$3M | $23M |
| RISKIFIED LTD | TRIMMED | −815.1K | 1.78M | −$3M | $11M |
| TWLOTWILIO INC | TRIMMED | −80.6K | 226.7K | −$6M | $13M |
| FNFABRINET | TRIMMED | −33.2K | 94.2K | −$1M | $23M |
| SITMSITIME CORP | TRIMMED | −23.6K | 102.8K | +$1M | $13M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | FNFABRINEThistory → | SHS | 14.78% | $23M | 94.2K |
| 2 | HLITHARMONIC INChistory → | COM | 14.63% | $23M | 1.94M |
| 3 | ESTCELASTIC N Vhistory → | ORD SHS | 11.03% | $17M | 151.1K |
| 4 | JAMFJAMF HLDG CORPhistory → | COM | 10.51% | $16M | 993.6K |
| 5 | MITKMITEK SYS INChistory → | COM NEW | 8.67% | $14M | 1.21M |
| 6 | EVEREVERQUOTE INChistory → | COM CL A | 8.62% | $13M | 645.0K |
| 7 | TWLOTWILIO INChistory → | CL A | 8.25% | $13M | 226.7K |
| 8 | SITMSITIME CORPhistory → | COM | 8.20% | $13M | 102.8K |
| 9 | PIIMPINJ INChistory → | COM | 8.05% | $13M | 80.1K |
| 10 | RISKIFIED LTD | SHS CL A | 7.27% | $11M | 1.78M |
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 ↗.