AltaRock Partners

Q3 2017 13F · by Mark Massey, founder

As of: Sep 30, 2017
Filed: Nov 13, 2017
US stock: $684M · prev $710M
Positions: 7 · prev 7
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%

Moves2 since the prior filing

+2.5 pp in · −7.1 pp out

New 0 0.00 pp
Added 1 +2.50 pp
Trimmed 1 −7.12 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 6 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 11% a year, about 9.0 years per position

Low
Moderate
High

Top 5 positions88% of US stock

TDG TransDigm Group Incorporated added+2.50 pp added+2.5024.2%
MCO Moody's Corporation held held22.0%
unresolved Priceline Grp Inc held held21.3%
CHTR Charter Comm Inc Del CL A New trimmed−7.12 pp trimmed−7.1212.4%
MA Mastercard Incorporated held held8.2%

Positions7 in this filing · 0 exited


TDGTransDigm Group Incorporated	24.17%	646,531	$165M	added+13%	+2.50 pp	12 q
MCOMoody's Corporation	22.03%	1,082,436	$151M	held	—	12 q
unresolvedPriceline Grp Inc	21.26%	79,413	$145M	held	—	4 q
CHTRCharter Comm Inc Del CL A New	12.36%	232,573	$85M	trimmed−43%	−7.12 pp	6 q
MAMastercard Incorporated	8.22%	398,290	$56M	held	—	12 q
WABWabtec Inc.	7.60%	686,426	$52M	held	—	5 q
VVISA Inc.	4.35%	282,516	$30M	held	—	12 q

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0001144204-17-058656
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet