13F filing recap · Q1 2017

What did Triple Frond Partners buy in Q1 2017?

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

Stock value

$752.25M

Positions

Estimated turnover

35.2%

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

SBACSba Communications Corporation$99.27Mreported value+824.7K shares

Increased positions

TDGTransdigm Group Incorporated$105.68Mreported value+150.8K shares+45.8%NORDNordicus Partners Corporation$38.09Mreported value+100.6K shares+7.2%

Reduced positions

LBTYKLiberty Global Ltd.$140.16Mreported value-591.7K shares-12.9%SCHWSchwab Charles Corp$81.62Mreported value-255.0K shares-11.3%

Exited positions

SBACSba Communications Corporation$85.16Mprior reported value-824.7K shares-100.0%