13F filing recap · Q1 2011

What did Triple Frond Partners buy in Q1 2011?

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

Stock value

$271.09M

Positions

Estimated turnover

6.3%

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

RNRRenaissancere Holdings Ltd.$10.35Mreported value+150.0K shares

Increased positions

CCECoca-Cola Enterprises Inc$30.03Mreported value+173.1K shares+18.7%

Reduced positions

LTMLife Time Fitness Inc$22.71Mreported value-32.8K shares-5.1%