AltaRock Partners

Q4 2015 13F · by Mark Massey, founder

As of: Dec 31, 2015
Filed: Feb 8, 2016
US stock: $492M · prev $420M
Positions: 8 · prev 8
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%

Moves4 since the prior filing

+3.8 pp in · −2.9 pp out

New 0 0.00 pp
Added 3 +3.76 pp
Trimmed 1 −2.87 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 5 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 2.1% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions95% of US stock

TDG TransDigm Group Incorporated added+0.91 pp added+0.9132.3%
LBTYK Liberty Global Ltd. Class C added+2.86 pp added+2.8619.8%
unresolved Charter Comm's Inc trimmed−2.87 pp trimmed−2.8718.1%
MCO Moody's Corporation added−0.01 pp added−0.0117.2%
MA Mastercard Incorporated held held8.0%

Positions8 in this filing · 0 exited


TDGTransDigm Group Incorporated	32.29%	695,243	$159M	added+12%	+0.91 pp	5 q
LBTYKLiberty Global Ltd. Class C	19.81%	2,389,833	$97M	added+38%	+2.86 pp	5 q
unresolvedCharter Comm's Inc	18.14%	487,331	$89M	trimmed−3%	−2.87 pp	4 q
MCOMoody's Corporation	17.18%	842,370	$85M	added+15%	−0.01 pp	5 q
MAMastercard Incorporated	7.99%	403,690	$39M	held	—	5 q
VVISA Inc.	3.95%	250,416	$19M	held	—	5 q
1LGEUSDLiberty Global PLC Lilac - C	0.40%	46,045	$2M	held	—	2 q
IBKRInteractive Brokers Group, Inc. Class A	0.24%	27,201	$1M	held	—	3 q

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0001144204-16-079521
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet