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Portfolio (Quarterly) Guide ↗

Triple Frond Partners

· CIK 0001454502
13F Portfolio $963M AUM 12 positions Filed May 15, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 Q3 2025 · All 1 New 5 Added 2 Reduced 1 Exited
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 ASML ASML HOLDING N V Technology 118,917.0 $157.1M 16.31% +12K +11.4% $1320.83 +13.7%
2 MSFT MICROSOFT CORP Technology 352,504.0 $130.5M 13.55% $370.17 +10.6%
3 TDG TRANSDIGM GROUP INC Industrials 106,544.0 $123.5M 12.82% +3K +2.5% $1158.96 +1.7%
4 GOOG ALPHABET INC Communication Services 353,459.0 $101.4M 10.53% $286.86 +38.5%
5 AMZN AMAZON.COM INC Consumer Cyclical 478,534.0 $99.7M 10.35% $208.27 +26.8%
6 MA MASTERCARD INC Financial Services 175,472.0 $87.7M 9.11% NEW $499.66 -1.9%
7 META META PLATFORMS INC Communication Services 117,628.0 $67.3M 6.99% +20K +20.8% $572.13 +8.1%
8 TRU TRANSUNION COM Industrials 817,828.0 $56.6M 5.88% +267K +48.4% $69.19 -4.4%
9 ILMN ILLUMINA INC COM Healthcare 306,460.0 $37.8M 3.92% -68K -18.1% $123.26 +16.2%
10 LYV LIVE NATION ENTERTAINMENT IN Communication Services 234,765.0 $35.8M 3.72% -21K -8.2% $152.51 +11.5%
11 CHTR CHARTER COMMUNICATIONS INC N Communication Services 153,725.0 $33.2M 3.45% $215.88 -35.0%
12 CCC CCC INTELLIGENT SOLUTION HOLDINGS INC Technology 5,413,036.0 $32.5M 3.37% +608K +12.7% $6.00 -28.0%

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 33.2%
Communication Services 24.7%
Industrials 18.7%
Consumer Cyclical 10.4%
Financial Services 9.1%
Healthcare 3.9%