WallStSmart

Triple Frond Partners

Triple Frond Partners

Latest 13F filing
Q4 2025
filed Feb 13, 2026
Portfolio value
$962.17K
Positions
12
Top 10 concentration
92.9%
QoQ change
+4.8%
+$44.21K
Activity vs. Q3 2025
1
New positions
3
Added to
0
Unchanged
8
Reduced
7
Exited

Portfolio composition — Q4 2025

  • MSFTMICROSOFT CORP17.7%
  • TDGTRANSDIGM GROUP INC14.4%
  • ASMLASML HOLDING N V11.9%
  • GOOGALPHABET INC11.5%
  • AMZNAMAZON.COM INC11.5%
  • METAMETA PLATFORMS INC6.7%
  • LRCXLAM RESEARCH CORP5.3%
  • ILMNILLUMINA INC COM5.1%
  • TRUTRANSUNION COM4.9%
  • CCCCCC INTELLIGENT SOLUTION HOLDINGS INC4.0%
  • Other2 more positions7.1%

Top buys

New & added positions, by size

  • TDGADD
    TRANSDIGM GROUP INC
    $138.16K
    +82.4%
  • TRUADD
    TRANSUNION COM
    $47.26K
    +28.0%
  • CCCADD
    CCC INTELLIGENT SOLUTION HOLDINGS INC
    $38.20K
    +31.1%
  • LYVNEW
    LIVE NATION ENTERTAINMENT IN
    $36.46K
    NEW

Top sells

Reduced & exited positions, biggest cuts first

  • MSCIEXIT
    MSCI INC
    -100.0%
    Exited
  • CPEXIT
    CANADIAN PACIFIC KANSAS CITY
    -100.0%
    Exited
  • MCOEXIT
    MOODYS CORP
    -100.0%
    Exited
  • VRSNEXIT
    VERISIGN INC
    -100.0%
    Exited
  • LAM RESEARCH CORP
    -100.0%
    Exited

Holdings as of Q4 2025

#TickerIssuerSharesValue% PortfolioReported priceActionΔ Shares
1MSFTMICROSOFT CORP352,504$170.48K17.72%$0.48REDUCE-8.5%
2TDGTRANSDIGM GROUP INC103,894$138.16K14.36%$1.33ADD+82.4%
3ASMLASML HOLDING N V106,778$114.24K11.87%$1.07REDUCE-4.2%
4GOOGALPHABET INC353,459$110.92K11.53%$0.31REDUCE-35.8%
5AMZNAMAZON.COM INC478,534$110.45K11.48%$0.23REDUCE-11.5%
6METAMETA PLATFORMS INC97,376$64.28K6.68%$0.66REDUCE-4.2%
7LRCXLAM RESEARCH CORP295,377$50.56K5.26%$0.17REDUCE-31.0%
8ILMNILLUMINA INC COM374,160$49.08K5.10%$0.13REDUCE-4.2%
9TRUTRANSUNION COM551,153$47.26K4.91%$0.09ADD+28.0%
10CCCCCC INTELLIGENT SOLUTION HOLDINGS INC4,805,036$38.20K3.97%$0.01ADD+31.1%
11LYVLIVE NATION ENTERTAINMENT IN255,858$36.46K3.79%$0.14NEW
12CHTRCHARTER COMMUNICATIONS INC N153,725$32.09K3.34%$0.21REDUCE-4.2%

Positions exited in Q4 2025

TickerIssuerPrior shares
MSCIMSCI INC0
CPCANADIAN PACIFIC KANSAS CITY0
MCOMOODYS CORP0
VRSNVERISIGN INC0
LRCXEURLAM RESEARCH CORP0
VVISA INC0
UNPUNION PAC CORP0

Source: SEC EDGAR 13F-HR filing Feb 13, 2026. Reported prices are derived from the filing's value-to-shares ratio (effectively the quarter-end mark). Filings are published with a 45-day delay. CIK 0001454502.