AltaRock Partners

Q1 2020 13F · by Mark Massey, founder

As of: Mar 31, 2020
Filed: May 13, 2020
US stock: $1.6B · prev $1.6B
Positions: 6 · 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%

Moves7 since the prior filing

+5.1 pp in · −5.1 pp out

New 0 0.00 pp
Added 4 +5.12 pp
Trimmed 2 −2.57 pp
Exited 1 −2.55 pp

The book

Very concentrated · behaves like 4 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

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

Low
Moderate
High

Top 5 positions98% of US stock

CHTR Charter Comm Inc Del CL A New added−2.10 pp added−2.1030.4%
GOOGL Alphabet Inc. Class A added+2.41 pp added+2.4121.5%
TDG TransDigm Group Incorporated added+0.28 pp added+0.2820.5%
MCO Moody's Corporation added+4.53 pp added+4.5319.9%
MA Mastercard Incorporated trimmed−1.78 pp trimmed−1.785.5%

Positions6 in this filing · 1 exited


CHTRCharter Comm Inc Del CL A New	30.35%	1,095,554	$478M	added+1%	−2.10 pp	16 q
GOOGLAlphabet Inc. Class A	21.47%	290,943	$338M	added+27%	+2.41 pp	2 q
TDGTransDigm Group Incorporated	20.54%	1,010,067	$323M	added+73%	+0.28 pp	22 q
MCOMoody's Corporation	19.95%	1,485,724	$314M	added+41%	+4.53 pp	22 q
MAMastercard Incorporated	5.55%	361,940	$87M	trimmed−9%	−1.78 pp	22 q
VVISA Inc.	2.13%	208,516	$34M	trimmed−17%	−0.79 pp	22 q
ORLYO'Reilly Automotive, Inc.	—	−93,918	—	exited	−2.55 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001104659-20-060577
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet