Triple Frond

Q2 2023 13F · by Stuart McLaughlin, portfolio manager

As of: Jun 30, 2023
Filed: Aug 7, 2023
US stock: $776M · prev $685M
Positions: 10 · prev 10
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

0.0 pp in · −0.5 pp out

New 0 0.00 pp
Added 0 0.00 pp
Trimmed 1 −0.47 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 8 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 0.0% a year

Low
Moderate
High

Top 5 positions70% of US stock

CHTR Charter Comm Inc Del CL A New held held18.1%
TDG TransDigm Group Incorporated held held14.9%
GOOG Alphabet Inc. Class C held held12.8%
V VISA Inc. held held12.2%
AMZN Amazon.Com Inc held held12.1%

Positions10 in this filing · 0 exited


CHTRCharter Comm Inc Del CL A New	18.08%	381,748	$140M	held	—	29 q
TDGTransDigm Group Incorporated	14.87%	129,000	$115M	held	—	34 q
GOOGAlphabet Inc. Class C	12.83%	822,900	$100M	held	—	14 q
VVISA Inc.	12.23%	399,482	$95M	held	—	30 q
AMZNAmazon.Com Inc	12.10%	719,936	$94M	held	—	8 q
MSFTMicrosoft Corp	11.12%	253,304	$86M	held	—	12 q
MCOMoody's Corporation	5.54%	123,644	$43M	held	—	33 q
LRCXLam Research Corp	5.14%	62,060	$40M	held	—	4 q
VRSNVeriSign Inc	4.51%	154,694	$35M	trimmed−4%	−0.47 pp	11 q
KKRKKR & Co. Inc.	3.56%	493,692	$28M	held	—	2 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001454502-23-000005
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet