Triple Frond

Q2 2015 13F

As of: Jun 30, 2015
Filed: Aug 13, 2015
US stock: $392M · prev $352M
Positions: 7 · prev 6
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%

Moves1 since the prior filing

+10.3 pp in · 0.0 pp out

New 1 +10.34 pp
Added 0 0.00 pp
Trimmed 0 0.00 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 7 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 0.0% a year

Low
Moderate
High

Top 5 positions79% of US stock

SCHW The Charles Schwab Corporation held held20.9%
unresolved Charter Comm's Inc held held17.5%
TDG TransDigm Group Incorporated held held15.8%
LBTYK Liberty Global Ltd. Class C held held12.9%
PGR Progressive Corporation held held11.4%

Positions7 in this filing · 0 exited


SCHWThe Charles Schwab Corporation	20.85%	2,500,000	$82M	held	—	9 q
unresolvedCharter Comm's Inc	17.50%	400,000	$69M	held	—	3 q
TDGTransDigm Group Incorporated	15.78%	275,000	$62M	held	—	2 q
LBTYKLiberty Global Ltd. Class C	12.93%	1,000,000	$51M	held	—	3 q
PGRProgressive Corporation	11.44%	1,610,000	$45M	held	—	9 q
DVADaVita Inc.	11.16%	550,000	$44M	held	—	4 q
MCOMoody's Corporation	10.34%	375,000	$40M	new	+10.34 pp	new

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0001454502-15-000007
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet