Triple Frond Partners LLC
CIK
1454502
Location
SAN FRANCISCO, CA
Portfolio Value
Small
$861,503,059
Diversification
Diversified
Filing Date
Global Rank
#1,926
/ 8,605
▲ 68
· as of Mar 2026
Top Industry
Semiconductor Equipment & Materials
18.2%
3Y Alpha vs SPY
+0.4%
Period ended 3 months ago
Filed May 15, 2026 · 55d
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+75.5%
SPY
+76.5%
Annualised alpha
-0.2%
Max drawdown
−16.7%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
11 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
18.2%
−1.8 pts
Top 5
69.5%
−0.7 pts
Top 10
96.2%
−0.0 pts
HHI
1,174
Diversified−48
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 37.1% | $320,033,762 |
| Financial Services | 16.7% | $144,261,858 |
| Communication Services | 15.8% | $136,288,670 |
| Industrials | 14.3% | $123,480,234 |
| Consumer Cyclical | 11.6% | $99,664,276 |
| Healthcare | 4.4% | $37,774,259 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
5 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CCC | CCC Intelligent Solutions Holdings Inc. | +608,000 | 5,413,036 | $32,478,216 | |
| TRU | TransUnion | +266,675 | 817,828 | $56,585,519 | |
| META | Meta Platforms, Inc. | +20,252 | 117,628 | $67,298,507 | |
| ASML | Asml Holding NV | +12,139 | 118,917 | $157,069,141 | |
| TDG | TransDigm Group INC | +2,650 | 106,544 | $123,480,234 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| MA | Mastercard Inc | 175,472 | $87,676,339 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| LRCX | Lam Research Corp | 295,377 | $50,562,634 | |
| No positions match the current search. | ||||
11 positions ·
$861,503,059 total
· as of Mar 31, 2026
All sectors
Communication Services
Consumer Cyclical
Financial Services
Healthcare
Industrials
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| ASML |
Asml Holding NV
Technology
|
Added | 118,917 | $157,069,141 | 18.23% | |
| MSFT |
Microsoft Corp
Technology
|
Held | 352,504 | $130,486,405 | 15.15% | |
| TDG |
TransDigm Group INC
Industrials
|
Added | 106,544 | $123,480,234 | 14.33% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Held | 478,534 | $99,664,276 | 11.57% | |
| MA |
Mastercard Inc
Financial Services
|
NEW | 175,472 | $87,676,339 | 10.18% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 117,628 | $67,298,507 | 7.81% | |
| TRU |
TransUnion
Financial Services
|
Added | 817,828 | $56,585,519 | 6.57% | |
| ILMN |
Illumina, Inc.
Healthcare
|
Reduced | 306,460 | $37,774,259 | 4.38% | |
| LYV |
Live Nation Entertainment, Inc.
Communication Services
|
Reduced | 234,765 | $35,804,010 | 4.16% | |
| CHTR |
Charter Communications, Inc. /Mo/
Communication Services
|
Held | 153,725 | $33,186,153 | 3.85% | |
| CCC |
CCC Intelligent Solutions Holdings Inc.
Technology
|
Added | 5,413,036 | $32,478,216 | 3.77% |