Triple Frond Partners LLC 13F: Quarter-over-Quarter Portfolio Changes
Triple Frond Partners LLC reported a disclosed portfolio value of approximately $962.9 million in its latest SEC Form 13F-HR filing for Q1 2026, up 0.1% quarter on quarter. Over the quarter, the family office initiated 1 new position, bought more shares in 5 holdings, trimmed 2 holdings, and exited 1 position.
Triple Frond Partners LLC's top buy was a new stake in Mastercard Incorporated (MA) , equal to 9.1% of the disclosed portfolio. Its top sell was Lam Research CORP (LRCX) . The family office exited the position completely after it had accounted for 5.3% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| MASTERCARD INCORPORATED | MA | 9.1% | History → |
Top BuysQ1 2026
The family office's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| TRANSUNION | TRU | +1.0% | +48.4% | History → |
| META PLATFORMS INC | META | +0.3% | +20.8% | History → |
| CCC INTELLIGENT SOLUTIONS HL | CCC | +-0.6% | +12.7% | Holders → |
| ASML HLDG NV | ASML | +4.4% | +11.4% | History → |
| TRANSDIGM GROUP INC | TDG | +-1.5% | +2.6% | History → |
Top SellsQ1 2026
The family office's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| ILLUMINA INC | ILMN | -1.2% | 18.1% | History → |
| LIVE NATION ENTERTAINMENT IN | LYV | -0.1% | 8.2% | History → |
Full ExitsQ1 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 | 5.3% |
Net Portfolio Value ChangeQ1 2026
- $1.0BPrior quarter
- $1.0BCurrent quarter
- +$0.0BNet delta
- +0.1%% change
Methodology & FAQ
How Triple Frond Partners LLC Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Triple Frond Partners LLC: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did Triple Frond Partners LLC buy in Q1 2026?
In Q1 2026, Triple Frond Partners LLC initiated 1 new position (MASTERCARD INCORPORATED (MA)); bought more shares of TRANSUNION (TRU), META PLATFORMS INC (META), CCC INTELLIGENT SOLUTIONS HL (CCC), ASML HLDG NV (ASML), TRANSDIGM GROUP INC (TDG).
What stocks did Triple Frond Partners LLC sell in Q1 2026?
In Q1 2026, Triple Frond Partners LLC fully sold 1 position (LAM RESEARCH CORP (LRCX)); reduced holdings in ILLUMINA INC (ILMN), LIVE NATION ENTERTAINMENT IN (LYV).
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, 9.1%).
Which existing positions saw the largest allocation increases for Triple Frond Partners LLC in Q1 2026?
Of 5 existing positions with share-count increases in Q1 2026, the largest were: TRANSUNION (TRU, +1.0% weight, +48.4% shares), META PLATFORMS INC (META, +0.3% weight, +20.8% shares), CCC INTELLIGENT SOLUTIONS HL (CCC, +-0.6% weight, +12.7% shares), ASML HLDG NV (ASML, +4.4% weight, +11.4% shares), TRANSDIGM GROUP INC (TDG, +-1.5% weight, +2.6% 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 5.3%).
Which existing positions saw the largest allocation reductions for Triple Frond Partners LLC in Q1 2026?
Of 2 existing positions with share-count reductions in Q1 2026, the largest were: ILLUMINA INC (ILMN, -1.2% weight, -18.1% shares), LIVE NATION ENTERTAINMENT IN (LYV, -0.1% weight, -8.2% 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. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.