13F filing recap · Q4 2010

What did Triple Frond Partners buy in Q4 2010?

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

Stock value

$244.29M

Positions

Estimated turnover

36.2%

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

CCECoca-Cola Enterprises Inc$23.20Mreported value+926.9K shares

Increased positions

HCCHCC Insurance Holdings Inc$23.59Mreported value+15.2K shares+1.9%TLCRTalecris Biotherapeutics Holdings Corp$18.64Mreported value+230.0K shares+40.4%

Reduced positions

LTMLife Time Fitness Inc$26.29Mreported value-164.1K shares-20.4%AKO/AEmbotelladora Andina S A$9.87Mreported value-55.3K shares-11.8%

Exited positions

KOCoca-Cola Enterprises Inc$27.90Mprior reported value-900.0K shares-100.0%WAGWalgreen Co.$26.80Mprior reported value-800.0K shares-100.0%