13F filing recap · Q4 2013

What did Triple Frond Partners buy in Q4 2013?

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

Stock value

$300.11M

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

TRWTrw Automotive Holdings Corp$20.31Mreported value+273.0K shares

Reduced positions

TWCTime Warner Cable Inc$54.20Mreported value-400.0K shares-50.0%CCLCarnival Corporation Ltd.$40.17Mreported value-391.4K shares-28.1%HCCHCC Insurance Holdings Inc$30.91Mreported value-111.6K shares-14.3%RNRRenaissancere Holdings Ltd.$17.04Mreported value-125.1K shares