Thrive Capital Management, LLC

Fundamental diversified ★Signal CIK 1765681
Long book
$343.7M
Q1 2026
Positions
5
Top-10 weight
100%
concentration
Last quarter
+40.7%
SPY +14.8%
Turnover
20%
of book per quarter

Strategy in plain words

auto-generated from filings

Thrive Capital Management, LLC is a diversified fundamental manager, running a $343.7M US long book across 5 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: SHOPIFY INC - CLASS A, FIGMA INC-CL A, OSCAR HEALTH INC - CLASS A, CARVANA CO, STUBHUB HOLDINGS INC-CLASS A.

Over the last 9 quarters its long book ran on average 8.9pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+22.0%
Q2 2024
+17.2%
Q3 2024
+32.0%
Q4 2024
+2.0%
Q1 2025
+61.5%
Q2 2025
-3.2%
Q3 2025
-19.0%
Q4 2025
-32.6%
Q1 2026
+40.7%

Sector allocation

Technology
58%
Financials
21%
Consumer discretionary
21%
Services media
0%

Long book by quarter

$704.9M
Q1 2024
$852.5M
Q2 2024
$1.00B
Q3 2024
$584.8M
Q4 2024
$588.9M
Q1 2025
$236.1M
Q2 2025
$480.2M
Q3 2025
$352.1M
Q4 2025
$343.7M
Q1 2026

What does Thrive Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
SHOP SHOPIFY INC - CLASS ATechnology895.8K$106.3M30.9%New
FIG FIGMA INC-CL ATechnology4.4M$92.9M27.0%Held
OSCR OSCAR HEALTH INC - CLASS AFinancials6.3M$72.8M21.2%Held
CVNA CARVANA COConsumer discretionary226.8K$71.3M20.7%Held
STUB STUBHUB HOLDINGS INC-CLASS AServices media68.7K$429K0.1%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 20265$343.7M canonicalSEC ↗
Q4 202513F-HR/ARESTATEMENTMar 13, 20264$352.1M canonicalSEC ↗
Q4 202513F-HRFeb 17, 20264$352.1M SEC ↗
Q3 202513F-HRNov 14, 20256$480.2M canonicalSEC ↗
Q2 202513F-HRAug 14, 20253$236.1M canonicalSEC ↗
Q1 202513F-HRMay 15, 20254$588.9M canonicalSEC ↗
Q4 202413F-HRFeb 14, 20254$584.8M canonicalSEC ↗
Q3 202413F-HRNov 14, 20244$1.00B canonicalSEC ↗
Q2 202413F-HRAug 14, 20244$852.5M canonicalSEC ↗
Q1 202413F-HRMay 15, 20244$704.9M canonicalSEC ↗