13F filing recap · Q1 2020

What did Triple Frond Partners buy in Q1 2020?

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

Stock value

$897.48M

Positions

Estimated turnover

40.4%

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

GOOGAlphabet Inc.$104.79Mreported value+90.1K shares GWREGuidewire Software, Inc.$29.57Mreported value+372.8K shares SPGIS&P Global Inc.$6.89Mreported value+28.1K shares

Increased positions

VVisa Inc.$104.73Mreported value+100.0K shares+18.2%TDGTransdigm Group Incorporated$89.65Mreported value+15.0K shares+5.7%MAMastercard Inc$67.03Mreported value+42.5K shares+18.1%

Reduced positions

CHTRCharter Communications, Inc.$218.17Mreported value-120.0K shares-19.4%MCOMoody’s Corporation$177.92Mreported value-34.4K shares-3.9%SCHWSchwab Charles Corp$13.86Mreported value-2.24M shares-84.4%

Exited positions

FOXAFox Corporation$72.73Mprior reported value-1.96M shares-100.0%LBTYKLiberty Global Ltd.$36.38Mprior reported value-1.67M shares-100.0%