Triple Frond Partners LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Triple Frond Partners LLC maintained a portfolio of 12 distinct positions. The most significant new addition to the portfolio was LIVE NATION ENTERTAI, which now represents 3.79% of the total fund value. They heavily accumulated shares in TRANSDIGM GROUP INC, increasing their position by 82.4%. The fund also reduced its exposure to ALPHABET INC by 35.8%.
PCA Score Concentration Risk
Risk ENB
Total Positions
12
Quarter
2025 Q4
Top Holding
MSFT (17.7%)
Top 10 Concentration
92.9%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-12 of 12
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
MSFT
MICROSOFT CORP
Technology 17.72% 21.73% #1
Prev: #1
7.1 -32,674 -8.5%
P
S
352,504 $170,478,000 2008 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TDG
TRANSDIGM GROUP...
Industrials 14.36% 8.18% #2 3
Prev: #5
8.0 46,930 82.4%
P
S
103,894 $138,163,000 2008 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ASML
ASML HOLDING N ...
Technology 11.87% 11.76% #3 1
Prev: #4
4.8 -4,692 -4.2%
P
S
106,778 $114,238,000 2008 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOG
ALPHABET INC
Communication Services 11.53% 14.62% #4 2
Prev: #2
4.7 -197,415 -35.8%
P
S
353,459 $110,915,000 2008 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON.COM INC
Consumer Cyclical 11.48% 12.93% #5 2
Prev: #3
4.6 -61,917 -11.5%
P
S
478,534 $110,455,000 2008 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 6.68% 8.13% #6
Prev: #6
2.7 -4,279 -4.2%
P
S
97,376 $64,277,000 2008 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LRCX
LAM RESEARCH CO...
Technology 5.26% 6.24% #7
Prev: #7
2.2 -132,513 -31.0%
P
S
295,377 $50,563,000 2008 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ILMN
ILLUMINA INC CO...
Healthcare 5.10% 4.04% #8 1
Prev: #9
2.1 -16,440 -4.2%
P
S
374,160 $49,075,000 2008 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TRU
TRANSUNION COM
Financial Services 4.91% 3.93% #9 1
Prev: #10
4.0 120,683 28.0%
P
S
551,153 $47,261,000 2008 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CCCS
CCC INTELLIGENT...
Unknown 3.97% 3.64% #10 1
Prev: #11
3.7 1,140,536 31.1%
P
S
4,805,036 $38,200,000 2008 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LYV
LIVE NATION ENT...
Communication Services 3.79% #11
Prev: #—
3.5 255,858 no change
NEW
255,858 $36,460,000 2008 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CHTR
CHARTER COMMUNI...
Communication Services 3.34% 4.81% #12 4
Prev: #8
1.3 -6,755 -4.2%
P
S
153,725 $32,090,000 2008 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-12 of 12 holdings

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