AltaRock Partners

Q1 2017 13F · by Mark Massey, founder

As of: Mar 31, 2017
Filed: May 15, 2017
US stock: $674M · prev $682M
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

+9.8 pp in · −10.3 pp out

New 0 0.00 pp
Added 2 +9.83 pp
Trimmed 5 −10.33 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 6 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 14% a year, about 7.0 years per position

Low
Moderate
High

Top 5 positions83% of US stock

unresolved Priceline Grp Inc added+6.74 pp added+6.7421.0%
CHTR Charter Comm Inc Del CL A New trimmed−1.60 pp trimmed−1.6018.7%
MCO Moody's Corporation added+3.09 pp added+3.0918.0%
TDG TransDigm Group Incorporated trimmed−4.08 pp trimmed−4.0817.5%
WAB Wabtec Inc. trimmed−0.45 pp trimmed−0.457.9%

Positions8 in this filing · 0 exited


unresolvedPriceline Grp Inc	20.96%	79,413	$141M	added+20%	+6.74 pp	2 q
CHTRCharter Comm Inc Del CL A New	18.72%	385,537	$126M	trimmed−20%	−1.60 pp	4 q
MCOMoody's Corporation	17.99%	1,082,436	$121M	added0%	+3.09 pp	10 q
TDGTransDigm Group Incorporated	17.50%	536,070	$118M	trimmed−9%	−4.08 pp	10 q
WABWabtec Inc.	7.94%	686,426	$54M	trimmed−0%	−0.45 pp	3 q
MAMastercard Incorporated	6.64%	398,290	$45M	trimmed−1%	+0.53 pp	10 q
LBTYKLiberty Global Ltd. Class C	6.52%	1,254,232	$44M	trimmed−51%	−4.73 pp	10 q
VVISA Inc.	3.72%	282,516	$25M	held	—	10 q

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0001144204-17-027136
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet