13F filing recap · Q2 2026

What did Triple Frond Partners buy in Q2 2026?

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

Stock value

$1.12B

Positions

Estimated turnover

17.3%

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 opened new positions in Doordash and S&P Global during the quarter. The firm exited Illumina entirely. It also trimmed Amazon.com slightly, while reducing Alphabet and Live Nation Entertainment.

New positions

DASHDoordash, Inc.$55.40Mreported value+300.2K shares SPGIS&P Global Inc.$47.53Mreported value+116.7K shares

Reduced positions

AMZNAmazon.com Inc$103.06Mreported value-46.1K shares-9.6%GOOGAlphabet Inc.$103.01Mreported value-61.9K shares-17.5%LYVLive Nation Entertainment, Inc.$36.30Mreported value-36.5K shares-15.5%

Exited positions

ILMNIllumina, Inc.$37.77Mprior reported value-306.5K shares-100.0%