AltaRock Partners

Q1 2018 13F · by Mark Massey, founder

As of: Mar 31, 2018
Filed: May 14, 2018
US stock: $874M · prev $761M
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%

Moves5 since the prior filing

+26.0 pp in · −24.8 pp out

New 1 +24.33 pp
Added 1 +1.67 pp
Trimmed 2 −3.27 pp
Exited 1 −21.52 pp

The book

Very concentrated · behaves like 5 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 82% a year, about 1.2 years per position

Low
Moderate
High

Top 5 positions90% of US stock

BKNG Booking Holdings Inc. new+24.33 pp new+24.3324.3%
CHTR Charter Comm Inc Del CL A New added+1.67 pp added+1.6721.0%
TDG TransDigm Group Incorporated trimmed−2.14 pp trimmed−2.1418.8%
MCO Moody's Corporation held held17.9%
MA Mastercard Incorporated held held8.0%

Positions7 in this filing · 1 exited


BKNGBooking Holdings Inc.	24.33%	102,183	$213M	new	+24.33 pp	new
CHTRCharter Comm Inc Del CL A New	21.00%	589,514	$183M	added+35%	+1.67 pp	8 q
TDGTransDigm Group Incorporated	18.77%	534,431	$164M	trimmed−8%	−2.14 pp	14 q
MCOMoody's Corporation	17.85%	966,907	$156M	held	—	14 q
MAMastercard Incorporated	7.98%	398,290	$70M	held	—	14 q
WABWabtec Inc.	6.21%	666,426	$54M	trimmed−3%	−1.13 pp	7 q
VVISA Inc.	3.87%	282,516	$34M	held	—	14 q
unresolvedPriceline Grp Inc	—	−94,263	—	exited	−21.52 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001144204-18-028197
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet