AltaRock Partners

Q4 2017 13F · by Mark Massey, founder

As of: Dec 31, 2017
Filed: Feb 13, 2018
US stock: $761M · prev $684M
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%

Moves4 since the prior filing

+7.2 pp in · −6.5 pp out

New 0 0.00 pp
Added 2 +7.23 pp
Trimmed 2 −6.54 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 6 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 19% a year, about 5.4 years per position

Low
Moderate
High

Top 5 positions88% of US stock

unresolved Priceline Grp Inc added+0.26 pp added+0.2621.5%
TDG TransDigm Group Incorporated trimmed−3.26 pp trimmed−3.2620.9%
CHTR Charter Comm Inc Del CL A New added+6.97 pp added+6.9719.3%
MCO Moody's Corporation trimmed−3.28 pp trimmed−3.2818.8%
MA Mastercard Incorporated held held7.9%

Positions7 in this filing · 0 exited


unresolvedPriceline Grp Inc	21.52%	94,263	$164M	added+19%	+0.26 pp	5 q
TDGTransDigm Group Incorporated	20.91%	579,531	$159M	trimmed−10%	−3.26 pp	13 q
CHTRCharter Comm Inc Del CL A New	19.33%	438,103	$147M	added+88%	+6.97 pp	7 q
MCOMoody's Corporation	18.75%	966,907	$143M	trimmed−11%	−3.28 pp	13 q
MAMastercard Incorporated	7.92%	398,290	$60M	held	—	13 q
WABWabtec Inc.	7.34%	686,426	$56M	held	—	6 q
VVISA Inc.	4.23%	282,516	$32M	held	—	13 q

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0001144204-18-007671
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet