13F filing recap · Q3 2010

What did Triple Frond Partners buy in Q3 2010?

Reported stock-position changes between this filing and the previous one.

Stock value

$262.21M

Positions

Estimated turnover

32.6%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

TLCRTalecris Biotherapeutics Holdings Corp$13.04Mreported value+570.0K shares

Increased positions

TWCTime Warner Cable Inc$36.44Mreported value+75.0K shares+12.5%MDTMedtronic Plc$28.44Mreported value+212.0K shares+33.4%KOCoca-Cola Enterprises Inc$27.90Mreported value+150.0K shares+20.0%HCCHCC Insurance Holdings Inc$20.87Mreported value+50.0K shares

Reduced positions

LTMLife Time Fitness Inc$31.80Mreported value-111.0K shares-12.1%WAGWalgreen Co.$26.80Mreported value-300.0K shares-27.3%AKO/AEmbotelladora Andina S A$11.26Mreported value-44.7K shares-8.7%

Exited positions

BAXBaxter International Inc$22.25Mprior reported value-547.5K shares-100.0%MCDMcdonald’s Corporation$10.26Mprior reported value-155.8K shares-100.0%