A partnership committed to long-term compounding returns

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A partnership committed to long-term compounding returns

 
 

We are explorers and anthropologists in global pursuit of unparalleled investment opportunities for our partners.

ThornTree Capital (TTC) is a Boston-based investment firm founded in 2016 by industry veteran Mark Moore. We are a fundamental long-short public equity manager that aims to deliver meaningful stock specific returns across multi-year time frames.  

Our investment lens is global and sector-agnostic, focusing keenly on areas where shifting consumer trends, technological innovations, and competitive dynamics create waves of structural transformation.

In an increasingly complex world, we aspire to earn the trust and loyalty of our investors through:

  • Diligent stewardship of capital ensuring both protection and growth

  • Stock specific return generation long and short

  • Active thought leadership in industry ecosystems of study

  • Transparency in investment diligence

Our Values

We are stewards of our partners’ capital first and foremost. We target world class compounding while protecting partner capital.

Our Values

We believe that great investments start from unbound creativity that is refined through rigorous process.

Our Values

We require deep diligence to create clarity and simplicity in otherwise complex markets.

Our Values

We foster an environment with candid feedback and engaged debate to ensure that investments reflect our best ideas.

Our Values

We encourage and reward transparency and authenticity in our work and relationships.

Our Values

We are more than value identifiers; we are value creators and invest with operator and consumer advocacy in mind.

Our Values

We value a learning mindset in combination with tenacity, energy, and endurance.

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We evaluate businesses through the lens of a consumer with a focus on how they spend their time and money in a rapidly evolving world

We believe that companies and their ecosystems are organic in nature, which drives change and opportunity for investors. We study industry ecosystems to identify with winners and losers of evolving competitive dynamics.

Our investment process centers around three core pillars:

  • The creation of unique consumer surplus

  • A management culture and resource allocation strategy aligned to meet evolving demand

  • Grounded valuation supported by reasonable assumptions and sound judgement

 Meet the Team

Mark Moore

Philip Giampietro

Mike Smith

 

Christopher Baker

Nick Kordonowy, CFA

Nick Sertl

 

Kevin Johnson

Dave Curtiss, CFA

Jay Scollins

 

Laura Spillane