Triple Frond

Q3 2015 13F

As of: Sep 30, 2015
Filed: Nov 9, 2015
US stock: $473M · prev $392M
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%

Moves6 since the prior filing

+1.0 pp in · 0.0 pp out

New 0 0.00 pp
Added 6 +1.01 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 positions78% of US stock

SCHW The Charles Schwab Corporation added−2.72 pp added−2.7218.1%
unresolved Charter Comm's Inc added−0.76 pp added−0.7616.7%
LBTYK Liberty Global Ltd. Class C added+2.69 pp added+2.6915.6%
TDG TransDigm Group Incorporated added−1.17 pp added−1.1714.6%
MCO Moody's Corporation added+2.65 pp added+2.6513.0%

Positions7 in this filing · 0 exited


SCHWThe Charles Schwab Corporation	18.13%	3,000,000	$86M	added+20%	−2.72 pp	10 q
unresolvedCharter Comm's Inc	16.74%	450,000	$79M	added+13%	−0.76 pp	4 q
LBTYKLiberty Global Ltd. Class C	15.62%	1,800,000	$74M	added+80%	+2.69 pp	4 q
TDGTransDigm Group Incorporated	14.61%	325,000	$69M	added+18%	−1.17 pp	3 q
MCOMoody's Corporation	12.99%	625,000	$61M	added+67%	+2.65 pp	2 q
DVADaVita Inc.	11.48%	750,000	$54M	added+36%	+0.32 pp	5 q
PGRProgressive Corporation	10.44%	1,610,000	$49M	held	—	10 q

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0001454502-15-000010
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet