SEC 13F Intelligence

Managers / Q1 2023 · view latest →

TSG Consumer Partners LP

CIK 0001910156 · 1100 LARKSPUR LANDING CIRCLE, SUITE 360, LARKSPUR, CA, 94939 · 415-217-2300

Reported Value
$2.9B
Q1 2023
Positions
3
Filings on Record
18
2019–present window
Filed
May 12, 2023
original filing

Summary

Tsg Consumer Partners LP reported $2.9B in U.S.-listed holdings across 3 positions for Q1 2023.

The portfolio is heavily concentrated: BROS alone accounts for 59.3% of reported value.

Compared with Q4 2022, the fund opened 0 new positions and exited 1.

Portfolio Metrics

Turnover
+6.8%
vs prior filed quarter
Largest Position
+59.3%
Dutch Bros

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. 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
Q4 ’21: $5.1BQ4 ’21Q1 ’22: $4.9BQ2 ’22: $3.6BQ3 ’22: $2.8BQ3 ’22Q4 ’22: $2.9BQ1 ’23: $2.9BQ2 ’23: $2.4BQ2 ’23Q3 ’23: $1.9BQ4 ’23: $2.1BQ1 ’24: $1.6BQ1 ’24Q2 ’24: $655MQ3 ’24: $526MQ4 ’24: $184MQ4 ’24Q1 ’25: $145MQ2 ’25: $160MQ3 ’25: $119MQ3 ’25Q4 ’25: $140MQ1 ’26: $115Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 100.0%
  • Common Stock · 100.0% · $2.9B

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PLNTPlanet Fitness, Inc.SOLD OUT2.03M0$160M$0
BROSDutch Bros Inc.HELD+053.49M+$184M$1.7B
NAPA1USDThe Duckhorn Portfolio, Inc.HELD+068.55M$46M$1.1B
HOODRobinhood Markets, Inc.HELD+07.52M+$12M$73M

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

Holdings — Q1 2023

3 positions
#IssuerClass% PortfolioValueShares
1BROSDutch Bros Inc.history →Class A Common Stock59.26%$1.7B53.49M
2NAPA1USDThe Duckhorn Portfolio, Inc.history →Common Stock38.18%$1.1B68.55M
3HOODRobinhood Markets, Inc.history →Class A Common Stock2.56%$73M7.52M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$115M1May 8, 202613F-HRchanges · EDGAR ↗
Q4 2025$140M1Feb 10, 202613F-HRchanges · EDGAR ↗
Q3 2025$119M1Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$160M1Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$145M1May 8, 202513F-HRchanges · EDGAR ↗
Q4 2024$184M1Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$526M2Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$655M2Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.6B2May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.1B3Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.9B3Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.4B3Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.9B3May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.9B4Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.8B4Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$3.6B4Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$4.9B4May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$5.1B3Feb 11, 202213F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 3 additional managers.

  • Mallard Holdco, LLC028-21826
  • TSG7 A Management L.L.C.028-21828
  • TSG7 B Management L.L.C.028-21827

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 ↗.