AltaRock Partners

Q2 2015 13F · by Mark Massey, founder

As of: Jun 30, 2015
Filed: Aug 13, 2015
US stock: $314M · prev $200M
Positions: 7 · prev 6
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves7 since the prior filing

+5.3 pp in · −5.3 pp out

New 1 +0.44 pp
Added 5 +4.84 pp
Trimmed 1 −5.28 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 5 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 5.6% a year, about 17.9 years per position

Low
Moderate
High

Top 5 positions94% of US stock

TDG TransDigm Group Incorporated added+5.74 pp added+5.7431.1%
unresolved Charter Comm's Inc added+10.03 pp added+10.0317.5%
LBTYK Liberty Global Ltd. Class C added−2.92 pp added−2.9217.1%
MCO Moody's Corporation added−6.34 pp added−6.3416.1%
MA Mastercard Incorporated added−1.67 pp added−1.6711.8%

Positions7 in this filing · 0 exited


TDGTransDigm Group Incorporated	31.07%	433,621	$97M	added+87%	+5.74 pp	3 q
unresolvedCharter Comm's Inc	17.54%	321,085	$55M	added×4.1	+10.03 pp	2 q
LBTYKLiberty Global Ltd. Class C	17.08%	1,057,794	$54M	added+32%	−2.92 pp	3 q
MCOMoody's Corporation	16.08%	466,915	$50M	added+8%	−6.34 pp	3 q
MAMastercard Incorporated	11.79%	395,390	$37M	added+27%	−1.67 pp	3 q
VVISA Inc.	6.00%	280,076	$19M	trimmed−19%	−5.28 pp	3 q
IBKRInteractive Brokers Group, Inc. Class A	0.44%	33,101	$1M	new	+0.44 pp	new

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0001144204-15-049439
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet