13F filing recap · Q3 2020

What did Triple Frond Partners buy in Q3 2020?

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

Stock value

$1.18B

Positions

Estimated turnover

13.0%

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

MSFTMicrosoft Corporation$79.73Mreported value+379.1K shares

Increased positions

GWREGuidewire Software, Inc.$68.90Mreported value+88.0K shares+15.4%

Reduced positions

MCOMoody’s Corporation$177.92Mreported value-36.4K shares-5.6%TDGTransdigm Group Incorporated$90.40Mreported value-37.8K shares-16.6%MAMastercard Inc$67.44Mreported value-78.1K shares-28.1%