Triple Frond
Portfolio value$1.1B
Positions13
QuarterQ2 2026ended 2026-06-30
Filed08/132026
Triple Frond Partners LLC's Q2 2026 13F, filed Aug 13, 2026, reports 13 positions worth $1.1B. The ten largest are 92.3% of the book, led by ASML at 21.1%, TransDigm Group at 12.7% and Microsoft at 11.7%. Against Q1 2026: 2 bought, 0 added to, 3 reduced, 1 sold; the largest moves were bought DoorDash and bought S&P Global.
Where the money is
ASMLTDGMSFTAMZNGOOGMAMETATRUDASHSPGI
Holdings
| Ticker | Issuer | Weight | Value | Q-end → now | Price vs model | Change |
|---|---|---|---|---|---|---|
| ASML | Asml Holding N V | 21.1% | $236.6M118,917 sh | 1,989.44 → −17% | no usable model value | held |
| TDG | Transdigm Group INC | 12.7% | $141.9M106,544 sh | 1,332.04 → −14% | 23% undervalued | held |
| MSFT | Microsoft Corp | 11.7% | $131.5M352,504 sh | 373.02 → +42% | 10% overvalued | held |
| AMZN | Amazon.com INC | 9.2% | $103.1M432,420 sh | 238.34 → +5% | 182% overvalued | reduced −10% |
| GOOG | Alphabet INC | 9.2% | $103.0M291,544 sh | 353.33 → −5% | 49% overvalued | reduced −18% |
| MA | Mastercard INC | 8.0% | $90.1M175,472 sh | 513.60 → +20% | 15% overvalued | held |
| META | Meta Platforms INC | 5.9% | $66.3M117,628 sh | 563.29 → +26% | 10% overvalued | held |
| TRU | Transunion Com | 5.3% | $59.0M817,828 sh | 72.14 | — | held |
| DASH | Doordash INC | 4.9% | $55.4M300,246 sh | 184.53 → +3% | 305% overvalued | bought |
| SPGI | S&p Global INC | 4.2% | $47.5M116,700 sh | 407.26 → +5% | 39% overvalued | bought |
| LYV | Live Nation Entertainment In | 3.2% | $36.3M198,262 sh | 183.11 → −7% | 65% overvalued | reduced −16% |
| CCC | Ccc Intelligent Solution Holdings INC | 2.5% | $27.9M5.4M sh | 5.16 | — | held |
| CHTR | Charter Communications INC N | 2.0% | $21.9M153,725 sh | 142.21 → −23% | 64% undervalued | held |
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.