AltaRock Partners

Q4 2016 13F · by Mark Massey, founder

As of: Dec 31, 2016
Filed: Feb 14, 2017
US stock: $682M · prev $628M
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%

Moves7 since the prior filing

+13.8 pp in · −12.9 pp out

New 1 +14.22 pp
Added 2 −0.38 pp
Trimmed 3 −11.14 pp
Exited 1 −1.78 pp

The book

Very concentrated · behaves like 6 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 35% a year, about 2.9 years per position

Low
Moderate
High

Top 5 positions82% of US stock

TDG TransDigm Group Incorporated added+1.36 pp added+1.3621.6%
CHTR Charter Comm Inc Del CL A New trimmed−3.24 pp trimmed−3.2420.3%
MCO Moody's Corporation added−1.74 pp added−1.7414.9%
unresolved Priceline Grp Inc new+14.22 pp new+14.2214.2%
LBTYK Liberty Global Ltd. Class C trimmed−5.37 pp trimmed−5.3711.3%

Positions8 in this filing · 1 exited


TDGTransDigm Group Incorporated	21.58%	591,504	$147M	added+35%	+1.36 pp	9 q
CHTRCharter Comm Inc Del CL A New	20.32%	481,637	$139M	trimmed−12%	−3.24 pp	3 q
MCOMoody's Corporation	14.90%	1,078,336	$102M	added+12%	−1.74 pp	9 q
unresolvedPriceline Grp Inc	14.22%	66,213	$97M	new	+14.22 pp	new
LBTYKLiberty Global Ltd. Class C	11.25%	2,585,359	$77M	trimmed−18%	−5.37 pp	9 q
WABWabtec Inc.	8.39%	689,826	$57M	trimmed−18%	−2.53 pp	2 q
MAMastercard Incorporated	6.11%	403,690	$42M	held	—	9 q
VVISA Inc.	3.23%	282,516	$22M	held	—	9 q
1LGEUSDLiberty Global PLC Lilac - C	—	−398,745	—	exited	−1.78 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0001144204-17-008608
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet