Triple Frond Partners LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Triple Frond Partners LLC reported 10 stock positions worth $739.9 million. Its top holding was Microsoft (MSFT) at 20.4% of the portfolio, followed by Transdigm (TDG, 17.2%) and Alphabet Class C (GOOG, 13.7%). Compared with Q4 2024, it opened 3 new positions, sold out of 2, added to 3 and reduced 3. The biggest buy was a new position in ASML Holding NV-NY Reg SHS (ASML) and the biggest sale an exit from Visa Class A (V).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0001454502
Portfolio Value
$739.9M (Q1 2025)
SEC Filing
0001387292-25-000011 ↗ filed May 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $878.6M Q1 2024 Q2 2024: $852.3M Q2 2024 Q3 2024: $772.9M Q3 2024 Q4 2024: $772.5M Q4 2024 Q1 2025: $739.9M $739.9M Q1 2025 Q2 2025: $884.6M Q2 2025 Q3 2025: $918.0M Q3 2025 Q4 2025: $962.2M Q4 2025 Q1 2026: $962.9M Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 10 stocks · $739.9M
MSFT Microsoft Corp. 20.45% 403,043 $151.3M Add +44.7%
TDG Transdigm Group Inc. 17.23% 92,144 $127.5M Add +15.5%
GOOG Alphabet Inc. Class C 13.70% 648,905 $101.4M Reduce -19.6%
AMZN Amazon.com Inc. 12.53% 487,191 $92.7M Reduce -8.1%
CHTR Charter Communications Inc. Class A 7.99% 160,480 $59.1M No change
ASML ASML Holding NV-NY Reg SHS 7.10% 79,300 $52.5M New
LRCX Lam Research Corp. 6.94% 706,615 $51.4M Add +38.1%
META Meta Platforms Inc. Class A 5.98% 76,750 $44.2M New
MCO Moody's Corp. 5.14% 81,627 $38.0M Reduce -21.9%
CCC CCC Intelligent Solutions Ho 2.95% 2,415,000 $21.8M New

Portfolio Sells Q4 2024 → Q1 2025
V Visa Inc. Class A Sold out 0.00% −14.66
GOOG Alphabet Inc. Class C Reduce -19.6% 13.70% −6.20
CP Canadian Pacific Kansas City Sold out 0.00% −3.79
AMZN Amazon.com Inc. Reduce -8.1% 12.53% −2.53
MCO Moody's Corp. Reduce -21.9% 5.14% −1.27

Portfolio Buys Q4 2024 → Q1 2025
ASML ASML Holding NV-NY Reg SHS New 7.10% +7.10
META Meta Platforms Inc. Class A New 5.98% +5.98
MSFT Microsoft Corp. Add +44.7% 20.45% +5.25
TDG Transdigm Group Inc. Add +15.5% 17.23% +4.14
CCC CCC Intelligent Solutions Ho New 2.95% +2.95
LRCX Lam Research Corp. Add +38.1% 6.94% +2.16

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 13$1.1BASML, TDG, MSFT, AMZN, GOOG
Q1 2026 12$962.9MASML, MSFT, TDG, GOOG, AMZN
Q4 2025 12$962.2MMSFT, TDG, ASML, GOOG, AMZN
Q3 2025 11$918.0MMSFT, GOOG, AMZN, ASML, TDG
Q2 2025Amended 10$884.6MMSFT, GOOG, TDG, AMZN, META
Q1 2025 10$739.9MMSFT, TDG, GOOG, AMZN, CHTR
Q4 2024 9$772.5MGOOG, MSFT, AMZN, V, TDG
Q3 2024 9$772.9MGOOG, TDG, AMZN, V, MSFT
Q2 2024 11$852.3MCHTR, GOOG, AMZN, MSFT, TDG
Q1 2024 11$878.6MCHTR, TDG, GOOG, AMZN, MSFT