Altarock Partners Portfolio holdings
AltaRock Partners runs private funds that put money into a limited group of companies it judges to be undervalued, holding them for the long term. Its portfolios are expected to be highly concentrated in a few companies. Mark Massey, the firm's chief investment officer and principal owner, founded its predecessor, AltaRock Partners, LLC, in 2002, and the current partnership took over the business with no change in personnel or control. The funds are open to qualified investors such as high net worth individuals, family offices, endowments and charities.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$45.1M |
| 2 |
Liberty Latin America Class C
LILAK
|
+$13.7M |
| 3 |
Liberty Global Class C
LBTYK
|
+$8.88M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TransDigm Group
TDG
|
+$71.1M |
| 2 |
Moody's
MCO
|
+$4.62M |
| 3 |
Charter Communications
CHTR
|
+$2.02M |
| 4 |
Interactive Brokers
IBKR
|
+$763K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 43.47% |
| 2 | Financials | 35.49% |
| 3 | Industrials | 21.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Charter Communications
CHTR
$15.3B
| $125M | 22.76% |
547,937
-9,394
| -2% | -$2.02M |
2015 Q1
5 quarters
|
|
|
2
TransDigm Group
TDG
$67.7B
| $116M | 21.04% |
439,148
-291,067
| -40% | -$71.1M |
2014 Q4
6 quarters
|
|
|
3
Liberty Global Class C
LBTYK
$3.33B
| $101M | 18.36% |
3,527,133
+281,796
| +9% | +$8.88M |
2014 Q4
6 quarters
|
|
|
4
Moody's
MCO
$88.1B
| $93M | 16.89% |
992,019
-47,780
| -5% | -$4.62M |
2014 Q4
6 quarters
|
|
|
5
Berkshire Hathaway Class B
BRK.B
$1.24T
| $45.7M | 8.3% |
+315,375
| New | +$45.1M |
2016 Q2
0 quarters
|
|
6
Mastercard
MA
$574B
| $35.5M | 6.46% |
403,690
| – | – |
2014 Q4
6 quarters
|
|
7
Visa
V
$789B
| $21M | 3.81% |
282,516
| – | – |
2014 Q4
6 quarters
|
|
|
8
Liberty Latin America Class C
LILAK
$1.74B
| $13M | 2.35% |
465,814
+412,024
| +766% | +$13.7M |
2015 Q3
3 quarters
|
|
|
9
Interactive Brokers
IBKR
$35.2B
| $255K | 0.05% |
28,804
-80,000
| -74% | -$763K |
2015 Q2
4 quarters
|
|
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Altarock Partners's Q2 2016 Portfolio in Review
As of Q2 2016, Altarock Partners held 9 positions worth $550M, up 1.5% from $543M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Altarock Partners's Q2 2016 filing shows 1 new, 2 increased and 4 reduced positions. Its largest new stake was Berkshire Hathaway Class B: 315,375 shares worth $45.7M. The largest sale was TransDigm Group, an estimated $71.1M.
By sector, the portfolio is most concentrated in Communication Services at 43% of assets, up from 41% a quarter earlier, followed by Financials and Industrials.
- Altarock Partners's largest Q2 2016 buy was Berkshire Hathaway Class B: 315,375 shares worth $45.7M.
- Altarock Partners added most to Liberty Latin America Class C in Q2 2016, an estimated $13.7M increase.
- Altarock Partners's biggest Q2 2016 reduction was TransDigm Group, cutting an estimated $71.1M.
- Altarock Partners's ten largest holdings make up 100% of its $550M portfolio in Q2 2016.
- Altarock Partners opened 1 new position and closed 0 in Q2 2016.
- Altarock Partners's portfolio value rose 1.5% quarter-over-quarter to $550M.
Based on Altarock Partners's 13F filing for Q2 2016, filed 15 Aug 2016.