Evolutionary Tree Capital Management, LLC

Long Only Manager • Growth

Evolutionary Tree Capital Management, LLC is a Long Only Manager specializing in Growth based in Alexandria, VA led by Thomas Merrill Ricketts, reporting $102.4M in AUM as of Q3 2025 with 52% Technology concentration, 56% concentrated in top 10 holdings, and 52% technology allocation.

CEOThomas Merrill Ricketts

Portfolio Value: $91.7M
Positions: 28
Top Holding: MSFT at 9.65%
Last Reported: Q3 2025

Address1199 N. Fairfax St., Suite 801, Alexandria, VA, 22314, United States

Top Holdings

Largest long holdings in Evolutionary Tree Capital Management, LLC's portfolio (55.8% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Microsoft MSFT	Software - Infrastructure Technology	$8.9M	9.65%	+$5.7K Bought	0.00% 17.1K shares	Q2 2022 Held for 3y 5m
2 Amazon AMZN	Specialty Retail Consumer Cyclical	$8.1M	8.83%	-$90.5K Sold	0.00% 36.9K shares	Q4 2020 Held for 4y 11m
3 ServiceNow NOW	Software - Application Technology	$4.9M	5.34%	+$3.7K Bought	0.00% 5.3K shares	Q4 2020 Held for 4y 11m
4 Roblox RBLX	Electronic Gaming & Multimedia Technology	$4.7M	5.17%	-$905.9K Sold	0.00% 34.2K shares	Q4 2024 Held for 11 months
5 Netflix NFLX	Entertainment Communication Services	$4.5M	4.95%	+$6.0K Bought	0.00% 3.8K shares	Q1 2024 Held for 1y 8m
6 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$4.3M	4.67%	+$734.4 Bought	0.00% 5.8K shares	Q1 2024 Held for 1y 8m
7 Mercado Libre MELI	Specialty Retail Consumer Cyclical	$4.1M	4.51%	-$4.7K Sold	0.00% 1.8K shares	Q4 2022 Held for 2y 11m
8 CyberArk Software CYBR	Software - Infrastructure Technology	$4.0M	4.31%	-$2.4M Sold	0.02% 8.2K shares	Q1 2024 Held for 1y 8m
9 Shopify SHOP	Software - Application Technology	$3.9M	4.27%	+$1.9K Bought	0.00% 26.4K shares	Q4 2023 Held for 1y 11m
10 Sea Limited SE	Unknown Unknown	$3.8M	4.12%	+$3.5M Bought	— 21.1K shares	Q4 2024 Held for 11 months

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Evolutionary Tree Capital Management, LLC's latest filing

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GthenC

Market Value

$91.7M

Prior: $94.2M

Q/Q Change

-2.59%

-$2.4M

Net Flows % of MV

-5.28%

Turnover Ratio

15.44%

New Purchases

3 stocks

$5.5M

Added To

12 stocks

+$5.5M

Sold Out Of

3 stocks

$7.4M

Reduced Holdings

11 stocks

-$8.5M

Increased Positions

Position	Shares Δ	Change
1 Atlassian TEAM	New	0 → 18.6K +$3.0M
2 Viking Holdings VIK	New	0 → 36.5K +$2.3M
3 Cellebrite DI Ltd. CLBT	New	0 → 15.0K +$278.0K
4 Sea Limited SE	+1,534.65%	1.3K → 21.1K +$3.5M
5 HubSpot HUBS	+64.6%	3.6K → 5.8K +$1.1M

Decreased Positions

Position	Shares Δ	Change
1 monday.com MNDY	Sold	11.3K → 0 −$3.6M
2 Clearwater Analytics CWAN	Sold	111.3K → 0 −$2.4M
3 Sweetgreen SG	Sold	91.1K → 0 −$1.4M
4 Uber Technologies UBER	-54.47%	43.5K → 19.8K −$2.3M
5 CyberArk Software CYBR	-38.01%	13.2K → 8.2K −$2.4M