Managers / Q1 2026
Triple Frond Partners LLC
CIK 0001454502 · 1300 EVANS AVENUE, NO. 880154, SAN FRANCISCO, CA, 94188 · 415-392-3600
Summary
Triple Frond Partners LLC reported $963M in U.S.-listed holdings across 12 positions for Q1 2026.
Its largest position, ASML, represents 16.3% of the portfolio.
Compared with Q4 2025, the fund opened 1 new position and exited 1.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 100.0% · $963M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| MAMASTERCARD INC | NEW | +175.5K | 175.5K | +$88M | $88M |
| LRCXLAM RESEARCH CORP | SOLD OUT | −295.4K | 0 | −$51M | $0 |
| TRUTRANSUNION COM | ADDED | +266.7K | 817.8K | +$9M | $57M |
| METAMETA PLATFORMS INC | ADDED | +20.3K | 117.6K | +$3M | $67M |
| ILMNILLUMINA INC COM | TRIMMED | −67.7K | 306.5K | −$11M | $38M |
| CCCCCC INTELLIGENT SOLUTION HOLDINGS INC | ADDED | +608.0K | 5.41M | −$6M | $32M |
| ASMLASML HOLDING N V | ADDED | +12.1K | 118.9K | +$43M | $157M |
| LYVLIVE NATION ENTERTAINMENT IN | TRIMMED | −21.1K | 234.8K | −$656,000 | $36M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ASMLASML HOLDING N Vhistory → | NY REG SHS | 16.31% | $157M | 118.9K |
| 2 | MSFTMICROSOFT CORPhistory → | COM | 13.55% | $130M | 352.5K |
| 3 | TDGTRANSDIGM GROUP INChistory → | COM | 12.82% | $123M | 106.5K |
| 4 | GOOGALPHABET INChistory → | CAP STK CL C | 10.53% | $101M | 353.5K |
| 5 | AMZNAMAZON.COM INChistory → | COM | 10.35% | $100M | 478.5K |
| 6 | MAMASTERCARD INChistory → | CL A | 9.11% | $88M | 175.5K |
| 7 | METAMETA PLATFORMS INChistory → | CL A | 6.99% | $67M | 117.6K |
| 8 | TRUTRANSUNION COMhistory → | COM | 5.88% | $57M | 817.8K |
| 9 | ILMNILLUMINA INC COMhistory → | COM | 3.92% | $38M | 306.5K |
| 10 | LYVLIVE NATION ENTERTAINMENT INhistory → | COM | 3.72% | $36M | 234.8K |
| 11 | CHTRCHARTER COMMUNICATIONS INC Nhistory → | CL A | 3.45% | $33M | 153.7K |
| 12 | CCCCCC INTELLIGENT SOLUTION HOLDINGS INChistory → | COM | 3.37% | $32M | 5.41M |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $963M | 12 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $962M | 12 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $918M | 11 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $885M | 10 | Aug 15, 2025 | RESTATEMENT | changes · EDGAR ↗ |
| Q1 2025 | $740M | 10 | May 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $772M | 9 | Feb 11, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $773M | 9 | Nov 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $852M | 11 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $879M | 11 | May 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $841M | 10 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $788M | 10 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $776M | 10 | Aug 8, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $685M | 10 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $605M | 9 | Feb 8, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $568M | 10 | Nov 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $654M | 9 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $808M | 10 | May 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $887M | 10 | Feb 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $917M | 10 | Nov 10, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $922M | 11 | Aug 11, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $806M | 11 | May 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $820M | 9 | Feb 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $1.2B | 10 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $1.0B | 9 | Aug 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $897M | 10 | May 6, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $1.2B | 9 | Feb 11, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $1.0B | 9 | Nov 12, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $989M | 9 | Aug 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $866M | 9 | May 10, 2019 | 13F-HR | changes · EDGAR ↗ |
Other Included Managers
This filing reports holdings on behalf of 1 additional manager.
- Hawk Hill Capital Partners LP028-13332
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.