13F filing recap · Q3 2024

What did Triple Frond Partners buy in Q3 2024?

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

Stock value

$772.85M

Positions

Estimated turnover

41.8%

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.

Quarter in review

Triple Frond Partners exited Lam Research and Msci during the quarter. It added to Alphabet, Transdigm, Amazon, Microsoft, and substantially to Visa, while substantially trimming Charter Communications and reducing Moody’s.

Increased positions

GOOGAlphabet Inc.$139.91Mreported value+118.6K shares+16.5%TDGTransdigm Group Incorporated$117.98Mreported value+20.4K shares+32.8%AMZNAmazon.com Inc$111.20Mreported value+54.9K shares+10.1%VVisa Inc.$110.80Mreported value+183.6K shares+83.7%MSFTMicrosoft Corporation$108.50Mreported value+23.5K shares+10.3%

Reduced positions

CHTRCharter Communications, Inc.$87.74Mreported value-356.8K shares-56.9%MCOMoody’s Corporation$51.44Mreported value-42.4K shares-28.1%

Exited positions

LRCXLam Research Corporation$55.94Mprior reported value-52.5K shares-100.0%MSCIMsci Inc.$27.90Mprior reported value-57.9K shares-100.0%