Toronado Partners, LLC
Portfolio value QoQ: -32.9% 13F does not disclose cash
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 7.99% Est. buys $3,537,705 · sells $43,329,150
Median holding: 3.5 quarters Tracked Q1 2025–Q2 2026 · 61.1% still held
Performance vs S&P 500
Annualized: +41.4% · S&P 500: +28.7%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Sector breakdown
Full portfolio 11 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| PI | $5,364,680 | 15.09% | 37,455 | $-1,845,579 | Down ×1 | ||
| SITM | $5,306,151 | 14.93% | 7,117 | $-303,024 | Down ×5 | ||
| EVER | $3,927,586 | 11.05% | 165,094 | $-652,524 | Down ×1 | ||
| KRNT | $3,532,799 | 9.94% | 217,403 | $37,313 | Down ×1 | ||
| IDCC | $3,171,056 | 8.92% | 11,200 | Up ×1 | |||
| FN | $3,014,435 | 8.48% | 5,363 | $-3,776,277 | Down ×5 | ||
| AMPL | $2,805,645 | 7.89% | 366,751 | $631,272 | Up ×1 | ||
| ESTC | $2,651,829 | 7.46% | 46,507 | $-3,474,346 | Down ×2 | ||
| TWLO | $2,475,754 | 6.97% | 11,999 | $-2,179,460 | Down ×3 | ||
| AMBQ | $1,697,568 | 4.78% | 19,225 | $1,158,317 | Down ×1 | ||
| HLIT | $1,596,339 | 4.49% | 97,755 | $-3,477,945 | Down ×3 | ||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| IDCC | $3,171,056 | 11,200 | 8.92% |
Top movers (QoQ)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| JAMF | Dec. 31, 2025 | 1,109,255 | $11,869,029 | No longer tracked |
| ENPH | Dec. 31, 2025 | 301,379 | $10,665,803 | 3.5% |
| TRIP | March 31, 2026 | 576,715 | $8,396,970 | -19.1% |
| STUB | March 31, 2026 | 555,710 | $7,518,756 | -10.5% |
| WIX | June 30, 2026 | 74,924 | $6,748,405 | 63.5% |
| ALAB | June 30, 2025 | 61,811 | $3,688,262 | 289.3% |
| RSKD | Sept. 30, 2025 | 287,270 | $1,433,477 | 69.0% |