13F filing recap · Q1 2019

What did Triple Frond Partners buy in Q1 2019?

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

Stock value

$865.73M

Positions

Estimated turnover

17.2%

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.

Increased positions

TDGTransdigm Group Incorporated$96.32Mreported value+14.7K shares+7.4%VVisa Inc.$94.85Mreported value+37.3K shares+6.5%MAMastercard Inc$63.88Mreported value+26.3K shares+10.7%

Reduced positions

VRSKVerisk Analytics, Inc.$13.93Mreported value-267.8K shares-71.9%

Exited positions

SBACSba Communications Corporation$90.28Mprior reported value-557.7K shares-100.0%