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TFP

Triple Frond Partners Portfolio holdings

AUM $1.12B
1-Year Est. Return 24.07%
This Fund
S&P 500
This Quarter Est. Return
-6.8%
1 Year Est. Return
+24.07%
3 Year Est. Return
+92.86%
5 Year Est. Return
+80.52%
10 Year Est. Return
+459.32%
AUM
$963M
AUM Growth
+$720K
Cap. Flow
+$87.2M
Cap. Flow %
9.06%
Top 10 Hldgs %
93.18%
Holding
13
New
1
Increased
5
Reduced
2
Closed
1

Top Buys

Rank Stock Value
1
MA icon
Mastercard
MA
+$92.4M
2
TRU icon
TransUnion
TRU
+$20.4M
3
ASML icon
ASML
ASML
+$16.6M
4
META icon
Meta Platforms (Facebook)
META
+$13M
5
CCC
CCC Intelligent Solutions
CCC
+$3.98M

Top Sells

Rank Stock Value
1
LRCX icon
Lam Research
LRCX
+$50.6M
2
ILMN icon
Illumina
ILMN
+$8.89M
3
LYV icon
Live Nation Entertainment
LYV
+$3.19M

Sector Composition

Rank Sector Weight
1 Technology 33.24%
2 Communication Services 24.68%
3 Financials 14.98%
4 Industrials 12.82%
5 Consumer Discretionary 10.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ASML icon
1
ASML
ASML
$710B
$157M 16.31%
118,917
+12,139
+11% +$16.6M
MSFT icon
2
Microsoft
MSFT
$3.69T
$130M 13.55%
352,504
– –
TDG icon
3
TransDigm Group
TDG
$68.9B
$123M 12.82%
106,544
+2,650
+3% +$3.47M
GOOG icon
4
Alphabet (Google) Class C
GOOG
$4.21T
$101M 10.53%
353,459
– –
AMZN icon
5
Amazon
AMZN
$2.86T
$99.7M 10.35%
478,534
– –
MA icon
6
Mastercard
MA
$497B
$87.7M 9.11%
+175,472
New +$92.4M
META icon
7
Meta Platforms (Facebook)
META
$1.52T
$67.3M 6.99%
117,628
+20,252
+21% +$13M
TRU icon
8
TransUnion
TRU
$15.5B
$56.6M 5.88%
817,828
+266,675
+48% +$20.4M
ILMN icon
9
Illumina
ILMN
$29.1B
$37.8M 3.92%
306,460
-67,700
-18% -$8.89M
LYV icon
10
Live Nation Entertainment
LYV
$43.3B
$35.8M 3.72%
234,765
-21,093
-8% -$3.19M
CHTR icon
11
Charter Communications
CHTR
$18.7B
$33.2M 3.45%
153,725
– –
CCC
12
CCC Intelligent Solutions
CCC
$4.19B
$32.5M 3.37%
5,413,036
+608,000
+13% +$3.98M
LRCX icon
13
Lam Research
LRCX
$422B
– –
-295,377
Closed -$50.6M

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MTCM
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FLAM
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Triple Frond Partners's Q1 2026 Portfolio in Review

As of Q1 2026, Triple Frond Partners held 13 positions worth $963M, up 0.07% from $962M the previous quarter. Its ten largest holdings account for 93% of the portfolio.

Triple Frond Partners deployed $87.2M of net new capital in Q1 2026, opening 1 new position and adding to 5 existing holdings. Its largest new stake was Mastercard: 175,472 shares worth $87.7M.

By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 39% a quarter earlier, followed by Communication Services and Financials.

On the sell side, the largest reduction was Illumina, an estimated $8.89M trimmed.

  • Triple Frond Partners's largest Q1 2026 buy was Mastercard: 175,472 shares worth $87.7M.
  • Triple Frond Partners added most to TransUnion in Q1 2026, an estimated $20.4M increase.
  • Triple Frond Partners's biggest Q1 2026 reduction was Illumina, cutting an estimated $8.89M.
  • Triple Frond Partners fully exited Lam Research in Q1 2026, selling an estimated $50.6M.
  • Triple Frond Partners's ten largest holdings make up 93% of its $963M portfolio in Q1 2026.
  • Triple Frond Partners opened 1 new position and closed 1 in Q1 2026.
  • Triple Frond Partners's portfolio value rose 0.07% quarter-over-quarter to $963M.

Based on Triple Frond Partners's 13F filing for Q1 2026, filed 15 May 2026.