AltaRock Partners

Q2 2023 13F · by Mark Massey, founder

As of: Jun 30, 2023
Filed: Aug 14, 2023
US stock: $4.2B · prev $3.7B
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%

Moves5 since the prior filing

+1.1 pp in · −0.6 pp out

New 0 0.00 pp
Added 1 +1.12 pp
Trimmed 4 −0.57 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 5 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 7.6% a year, about 13.2 years per position

Low
Moderate
High

Top 5 positions92% of US stock

TDG TransDigm Group Incorporated trimmed+1.23 pp trimmed+1.2329.1%
MSFT Microsoft Corp trimmed+0.16 pp trimmed+0.1618.6%
GOOGL Alphabet Inc. Class A trimmed−1.36 pp trimmed−1.3616.5%
AMZN Amazon.Com Inc trimmed−0.60 pp trimmed−0.6016.0%
V VISA Inc. added+1.12 pp added+1.1211.3%

Positions8 in this filing · 0 exited


TDGTransDigm Group Incorporated	29.15%	1,357,491	$1.2B	trimmed−2%	+1.23 pp	35 q
MSFTMicrosoft Corp	18.58%	2,272,041	$774M	trimmed−3%	+0.16 pp	9 q
GOOGLAlphabet Inc. Class A	16.49%	5,736,600	$687M	trimmed−9%	−1.36 pp	15 q
AMZNAmazon.Com Inc	15.99%	5,106,781	$666M	trimmed−13%	−0.60 pp	6 q
VVISA Inc.	11.30%	1,981,276	$471M	added+20%	+1.12 pp	35 q
CHTRCharter Comm Inc Del CL A New	3.52%	399,465	$147M	held	—	29 q
MAMastercard Incorporated	2.78%	294,510	$116M	held	—	35 q
MCOMoody's Corporation	2.18%	261,534	$91M	held	—	35 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001104659-23-091497
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet