Triple Frond Partners LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Triple Frond Partners LLC reported 12 stock positions worth $962.2 million. Its top holding was Microsoft (MSFT) at 17.7% of the portfolio, followed by Transdigm (TDG, 14.4%) and ASML Holding NV-NY Reg SHS (ASML, 11.9%). Compared with Q3 2025, it opened 1 new position, added to 3 and reduced 8. The biggest buy was Transdigm (TDG, shares +82%) and the biggest sale Microsoft (MSFT, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001454502
- Portfolio Value
- $962.2M (Q4 2025)
- SEC Filing
- 0001454502-26-000003 ↗ filed Feb 13, 2026
Holdings Value
Holdings 12 stocks · $962.2M
| MSFT Microsoft Corp. | 17.72% | 352,504 | $170.5M | Reduce -8.5% |
| TDG Transdigm Group Inc. | 14.36% | 103,894 | $138.2M | Add +82.4% |
| ASML ASML Holding NV-NY Reg SHS | 11.87% | 106,778 | $114.2M | Reduce -4.2% |
| GOOG Alphabet Inc. Class C | 11.53% | 353,459 | $110.9M | Reduce -35.8% |
| AMZN Amazon.com Inc. | 11.48% | 478,534 | $110.5M | Reduce -11.5% |
| META Meta Platforms Inc. Class A | 6.68% | 97,376 | $64.3M | Reduce -4.2% |
| LRCX Lam Research Corp. | 5.26% | 295,377 | $50.6M | Reduce -31.0% |
| ILMN Illumina Inc. | 5.10% | 374,160 | $49.1M | Reduce -4.2% |
| TRU Transunion | 4.91% | 551,153 | $47.3M | Add +28.0% |
| CCC CCC Intelligent Solutions Ho | 3.97% | 4,805,036 | $38.2M | Add +31.1% |
| LYV Live Nation Entertainment Inc. | 3.79% | 255,858 | $36.5M | New |
| CHTR Charter Communications Inc. Class A | 3.34% | 153,725 | $32.1M | Reduce -4.2% |
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -8.5% | 17.72% | −4.02 |
| GOOG Alphabet Inc. Class C | Reduce -35.8% | 11.53% | −3.09 |
| CHTR Charter Communications Inc. Class A | Reduce -4.2% | 3.34% | −1.47 |
| META Meta Platforms Inc. Class A | Reduce -4.2% | 6.68% | −1.45 |
| AMZN Amazon.com Inc. | Reduce -11.5% | 11.48% | −1.45 |
| LRCX Lam Research Corp. | Reduce -31.0% | 5.26% | −0.99 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -4.2% | 11.87% | +0.12 |
| ILMN Illumina Inc. | Reduce -4.2% | 5.10% | +1.06 |
Portfolio Buys Q3 2025 → Q4 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 13 | $1.1B | ASML, TDG, MSFT, AMZN, GOOG |
| Q1 2026 | 12 | $962.9M | ASML, MSFT, TDG, GOOG, AMZN |
| Q4 2025 | 12 | $962.2M | MSFT, TDG, ASML, GOOG, AMZN |
| Q3 2025 | 11 | $918.0M | MSFT, GOOG, AMZN, ASML, TDG |
| Q2 2025Amended | 10 | $884.6M | MSFT, GOOG, TDG, AMZN, META |
| Q1 2025 | 10 | $739.9M | MSFT, TDG, GOOG, AMZN, CHTR |
| Q4 2024 | 9 | $772.5M | GOOG, MSFT, AMZN, V, TDG |
| Q3 2024 | 9 | $772.9M | GOOG, TDG, AMZN, V, MSFT |
| Q2 2024 | 11 | $852.3M | CHTR, GOOG, AMZN, MSFT, TDG |
| Q1 2024 | 11 | $878.6M | CHTR, TDG, GOOG, AMZN, MSFT |