13F filing recap · Q1 2015

What did Triple Frond Partners buy in Q1 2015?

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

Stock value

$351.80M

Positions

Estimated turnover

40.1%

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

TDGTransdigm Group Incorporated$60.15Mreported value+275.0K shares

Increased positions

CHTRCharter Communications, Inc.$77.24Mreported value+170.0K shares+73.9%

Exited positions

CCLCarnival Corporation Ltd.$34.00Mprior reported value-750.0K shares-100.0%