Toronado Partners, LLC
Toronado Partners, LLC is a hedge fund investment firm headquartered in San Francisco, California. Founded in 2014, the firm operates with a small team of 3 employees and manages assets for pooled investment vehicles, with a focus on institutional and non-U.S. clients. The firm specializes in active, concentrated equity investing, primarily serving high net worth individuals and other pooled investment vehicles.
Investment Strategy
Toronado Partners, LLC employs a fundamentally driven, active investment strategy with a concentrated portfolio approach, focusing primarily on U.S.-listed, small- and mid-cap technology and growth stocks. The firm conducts deep research to identify undervalued companies with potential for long-term capital appreciation. Its holdings are highly concentrated, with a significant portion of assets allocated to a handful of high-conviction ideas, as seen in holdings such as Fabrinet, Impinj, Twilio, Tripadvisor, and Elastic. Toronado Partners frequently adjusts its allocations based on changes in fundamentals and market outlook, seeking to generate returns mainly via capital gains.
Top Holdings
Equity Positions (11)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
F FN | FABRINET | 17.64% | $24.9M | 84,329 | $161.51 | $294.68 | +$4.8M |
P PI | IMPINJ INC | 15.56% | $21.9M | 197,441 | $87.83 | $111.07 | +$2.3M |
T TWLO | TWILIO INC | 12.68% | $17.9M | 143,609 | $79.27 | $124.36 | +$3.4M |
T TRIP | TRIPADVISOR INC | 9.18% | $12.9M | 990,649 | $14.54 | $13.05 | -$343.8K |
E ESTC | ELASTIC N V | 9.17% | $12.9M | 153,128 | $74.31 | $84.33 | +$819.3K |