Triple Frond

Q3 2019 13F

As of: Sep 30, 2019
Filed: Nov 11, 2019
US stock: $1.0B · prev $989M
Positions: 9 · prev 9
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%

Moves3 since the prior filing

+2.3 pp in · 0.0 pp out

New 0 0.00 pp
Added 3 +2.31 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 positions76% of US stock

CHTR Charter Comm Inc Del CL A New held held24.5%
MCO Moody's Corporation held held17.2%
SCHW The Charles Schwab Corporation added+1.94 pp added+1.9412.6%
TDG TransDigm Group Incorporated added+0.84 pp added+0.8411.2%
V VISA Inc. held held10.0%

Positions9 in this filing · 0 exited


CHTRCharter Comm Inc Del CL A New	24.48%	620,029	$256M	held	—	14 q
MCOMoody's Corporation	17.18%	875,628	$179M	held	—	18 q
SCHWThe Charles Schwab Corporation	12.62%	3,150,000	$132M	added+20%	+1.94 pp	26 q
TDGTransDigm Group Incorporated	11.22%	225,000	$117M	added+6%	+0.84 pp	19 q
VVISA Inc.	10.01%	607,300	$104M	held	—	15 q
LBRDKLiberty Broadband Corporation Class C	7.69%	766,579	$80M	held	—	7 q
MAMastercard Incorporated	7.06%	271,300	$74M	held	—	12 q
FOXAFox Corporation Class A	5.93%	1,962,000	$62M	added+14%	−0.47 pp	2 q
LBTYKLiberty Global Ltd. Class C	3.80%	1,668,979	$40M	held	—	20 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001454502-19-000005
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet