Triple Frond Partners LLC — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, Triple Frond Partners LLC initiated 1 new position, increased allocation to 5 existing positions, trimmed 2 positions, and exited 1 position entirely. The fund's 13F equity book grew from $0.96B to $0.96B (+0.1% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $0.96BPrior quarter
- $0.96BCurrent quarter
- + $0.00BNet delta
- +0.1%% change
New Position Initiations Q1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Allocation Weight | History |
|---|---|---|---|
| MASTERCARD INCORPORATED | MA | 9.11% | History → |
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| TRANSUNION | TRU | +0.96% | +48.38% | History → |
| META PLATFORMS INC | META | +0.31% | +20.80% | History → |
| CCC INTELLIGENT SOLUTIONS HL | CCC | +-0.60% | +12.65% | Holders → |
| ASML HOLDING NV | ASML | +4.44% | +11.37% | History → |
| TRANSDIGM GROUP INC | TDG | +-1.54% | +2.55% | History → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| ILLUMINA INC | ILMN | -1.18% | -18.09% | History → |
| LIVE NATION ENTERTAINMENT IN | LYV | -0.07% | -8.24% | History → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| LAM RESEARCH CORP. | LRCX | 5.26% |
Methodology & FAQ
How Triple Frond Partners LLC Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for Triple Frond Partners LLC against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
Which positions did Triple Frond Partners LLC initiate in Q1 2026?
Triple Frond Partners LLC established 1 new position in Q1 2026: MASTERCARD INCORPORATED (MA, 9.11%).
Which existing positions saw the largest allocation increases for Triple Frond Partners LLC in Q1 2026?
The largest portfolio-weight increases in existing positions were: TRANSUNION (TRU, +0.96% weight, +48.38% shares), META PLATFORMS INC (META, +0.31% weight, +20.80% shares), CCC INTELLIGENT SOLUTIONS HL (CCC, +-0.60% weight, +12.65% shares), ASML HOLDING NV (ASML, +4.44% weight, +11.37% shares), TRANSDIGM GROUP INC (TDG, +-1.54% weight, +2.55% shares).
Which positions did Triple Frond Partners LLC fully exit in Q1 2026?
Triple Frond Partners LLC fully exited 1 position in Q1 2026: LAM RESEARCH CORP. (LRCX, last-reported weight 5.26%).
Which existing positions saw the largest allocation reductions for Triple Frond Partners LLC in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: ILLUMINA INC (ILMN, -1.18% weight, -18.09% shares), LIVE NATION ENTERTAINMENT IN (LYV, -0.07% weight, -8.24% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity.