Toronado Partners, LLC
Long book
$53.0M
Q1 2026
Positions
11
Top-10 weight
99%
concentration
Last quarter
+29.1%
SPY +14.8%
Turnover
31%
of book per quarter
Strategy in plain words
auto-generated from filingsToronado Partners, LLC is a concentrated fundamental stock-picker, specialised in technology (93% of the long book), running a $53.0M US long book across 11 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: IMPINJ INC, FABRINET, WIX.COM LTD, ELASTIC NV, SITIME CORP.
Over the last 9 quarters its long book ran on average 3.7pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+9.5%
Q2 2024
+3.4%
Q3 2024
+26.7%
Q4 2024
-16.5%
Q1 2025
+19.4%
Q2 2025
+18.3%
Q3 2025
+7.0%
Q4 2025
-23.2%
Q1 2026
+29.1%
Sector allocation
Technology 93%
Industrials 7%
Long book by quarter
What does Toronado Partners, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| PI IMPINJ INC | Technology | 70.2K | $7.2M | 13.6% | +2.1% |
| FN FABRINET | Technology | 13.0K | $6.8M | 12.8% | -26.3% |
| WIX WIX.COM LTD | Technology | 74.9K | $6.7M | 12.7% | +35.5% |
| ESTC ELASTIC NV | Technology | 122.5K | $6.1M | 11.6% | -13.4% |
| SITM SITIME CORP | Technology | 16.2K | $5.6M | 10.6% | -46.0% |
| HLIT HARMONIC INC | Technology | 565.1K | $5.1M | 9.6% | -44.0% |
| TWLO TWILIO INC - A | Technology | 37.0K | $4.7M | 8.8% | -64.6% |
| EVER EVERQUOTE INC - CLASS A | Technology | 297.0K | $4.6M | 8.6% | +2.2% |
| KRNT KORNIT DIGITAL LTD | Industrials | 238.4K | $3.5M | 6.6% | New |
| AMPL AMPLITUDE INC-CLASS A | Technology | 318.8K | $2.2M | 4.1% | -58.9% |
| AMBQ AMBIQ MICRO INC | Technology | 21.2K | $539K | 1.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 11 | $53.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 11 | $104.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 12 | $150.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 11 | $140.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 11 | $142.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 11 | $158.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 11 | $167.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 10 | $156.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 17 | $180.6M | canonical | SEC ↗ |