What stocks does Triple Frond Partners own?

As of 2026Q2, Triple Frond Partners's 13F discloses 13 positions worth $1.12B. The top five holdings: ASML (21.1%), TDG (12.7%), MSFT (11.7%), AMZN (9.2%), GOOG (9.2%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.

What did Triple Frond Partners buy this quarter?

In 2026Q2, the filing shows 2 new positions and 0 additions to existing holdings. The largest positions touched by buying: DASH, SPGI.

How big is Triple Frond Partners's portfolio?

$1.12B across 13 positions per the latest 13F (filed Aug 13, 2026). The top five holdings account for 64% of the disclosed book.

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Triple Frond Partners

$1.12B

disclosed 13F portfolio · 13 positions

top-5 concentration64%

Q2 2026 · filed Aug 13, 2026

Cloning this 13F returned14.3%/yrvs the S&P 500's13.7%/yrover the same 12.2 years· why →

Triple Frond Partners (Triple Frond Partners) discloses a $1.12B portfolio across 13 US-listed positions in the latest 13F filing (2026Q2, filed Aug 13, 2026). The largest holding is ASML at 21.1% of the book. The biggest move of the quarter: opened a new position in DASH ($55M). Mechanically cloning this 13F returned 14.3%/yr over the past 12.2 years, versus 13.7%/yr for the S&P 500 across that identical 12.2-year window.

Share𝕏 in

Holdings (13) · click any column to sort

#↑	Ticker	Issuer	% Port.	This Q	History	Value
1	ASML	Asml Holding N V	21.1%		6q held	$237M
2	TDG	Transdigm Group Inc	12.7%		40q held	$142M
3	MSFT	Microsoft Corp	11.7%		24q held	$131M
4	AMZN	Amazon.com Inc	9.2%		20q held	$103M
5	GOOG	Alphabet Inc-cl C	9.2%		26q held	$103M
6	MA	Mastercard Inc - A	8.0%		18q held	$90M
7	META	Meta Platforms Inc-class A	5.9%		11q held	$66M
8	TRU	Transunion	5.3%		4q held	$59M
9	DASH	Doordash Inc - A	4.9%	New	— 1q held	$55M
10	SPGI	S&p Global Inc	4.2%	New	4q held	$48M
11	LYV	Live Nation Entertainment IN	3.2%		3q held	$36M
12	CCC	Ccc Intelligent Solutions HO	2.5%		6q held	$28M
13	CHTR	Charter Communications Inc-a	2.0%		40q held	$22M

Sort↑

1ASML
port21.1%
val$237M
Asml Holding N V
this Q hold·6q
2TDG
port12.7%
val$142M
Transdigm Group Inc
this Q hold·40q
3MSFT
port11.7%
val$131M
Microsoft Corp
this Q hold·24q
4AMZN
port9.2%
val$103M
Amazon.com Inc
this Q hold·20q
5GOOG
port9.2%
val$103M
Alphabet Inc-cl C
this Q hold·26q
6MA
port8.0%
val$90M
Mastercard Inc - A
this Q hold·18q
7META
port5.9%
val$66M
Meta Platforms Inc-class A
this Q hold·11q
8TRU
port5.3%
val$59M
Transunion
this Q hold·4q
9DASH
port4.9%
val$55M
Doordash Inc - A
this Q New·—1q
10SPGI
port4.2%
val$48M
S&p Global Inc
this Q New·4q
11LYV
port3.2%
val$36M
Live Nation Entertainment IN
this Q hold·3q
12CCC
port2.5%
val$28M
Ccc Intelligent Solutions HO
this Q hold·6q
13CHTR
port2.0%
val$22M
Charter Communications Inc-a
this Q hold·40q

2026Q2 moves, by size (3)(expand ↓)

Ticker	Issuer	Move	% Port.	Δ Shares	Value
DASH	Doordash Inc - A	NEW	4.9%	+100%	$55M
SPGI	S&p Global Inc	NEW	4.2%	+100%	$48M
ILMN	Illumina Inc	EXIT	3.9%	-100%	$0

NEWDASH
4.9%
Doordash Inc - A
Δ +100%·$55M
NEWSPGI
4.2%
S&p Global Inc
Δ +100%·$48M
EXITILMN
3.9%
Illumina Inc
Δ -100%·$0

About Triple Frond Partners

Triple Frond Partners runs a concentrated, long-biased equity book — 12 disclosed positions, with nearly two-thirds of the portfolio sitting in the top five names as of the most recent filing. The current lineup skews toward wide-moat compounders with durable pricing power: ASML's lithography monopoly, Transdigm's aftermarket aviation model, and scaled-platform businesses in Microsoft, Alphabet, and Amazon. That combination suggests a quality-growth orientation rather than deep statistical cheapness. What a reader should weigh carefully is the backtest: a latticework clone replicating disclosed positions with a 45-day lag produced roughly +0.2% annualized excess return over SPY across 12 years — essentially index-level performance when copied mechanically. That gap between a concentrated, high-conviction book and near-benchmark clone returns can reflect timing, position sizing shifts between filings, or activity in instruments — options, shorts, international listings — that never appear on a 13F at all.

2026Q2 brief

Triple Frond Partners ($1.12B, 13 positions) runs one of the most concentrated books among tracked super-investors, and Q2 2026 shows the portfolio sharpening further. The fund initiated DASH (DoorDash, 4.9%) and S&P Global SPGI (4.2%) while exiting ILMN (Illumina, previously 3.9%) — a clear pivot from genomics-sequencing hardware toward a high-frequency platform compounder and a deeply moated financial data franchise. DASH is a contrarian flavor here: most value-oriented concentrated managers avoid it, making this a differentiated call on last-mile delivery monetization and platform expansion. SPGI aligns more with the fund's existing preference for toll-road-style businesses (see MA at 8.0% and TRU at 5.3%). The top of the book remains anchored by ASML (21.1%), TDG (12.7%), MSFT (11.7%), AMZN (9.2%), and GOOG (9.2%) — a durable-moat, secular-growth framework with heavy European semiconductor exposure that stands apart from most U.S.-centric peers. With 13 positions and no trims this quarter, conviction is running high. Watch whether DASH gets sized up meaningfully or stays as a monitoring position in the next filing.

AI-generated. Not investment advice.

Filing history

Triple Frond Partners's disclosed 13F portfolio value and position count by quarter — the trajectory across every SEC filing.

Disclosed portfolio value · Q3 2023 – Q2 2026now $1.12B · peak $1.12B (Q2 2026)

Quarter	Positions	Portfolio value
Q2 2026 — what changed →	13	$1.12B
Q1 2026 — what changed →	12	$963M
Q4 2025 — what changed →	12	$962M
Q3 2025 — what changed →	11	$918M
Q2 2025 — what changed →	10	$571M
Q1 2025 — what changed →	10	$740M
Q4 2024 holdings	9	$772M
Q3 2024 holdings	9	$773M
Q2 2024 holdings	11	$852M
Q1 2024 holdings	11	$879M
Q4 2023 holdings	10	$841M
Q3 2023 holdings	10	$788M

Values as disclosed at each quarter end. Older filings on EDGAR.

Multibaggers Triple Frond Partners held

Stocks up 5x or more since Triple Frond Partners first held them at conviction size — the holding record behind the returns. Longest unbroken run and largest book weight are shown for each.

ASML21.3xASML HLDG NV5q straight · peak 16.31% · still holds
MSCI14.6xMSCI INC1q straight · peak 3.27%
AMZN13.8xAMAZON.COM INC19q straight · peak 15.05% · still holds
TDG12.3xTRANSDIGM GROUP INC45q straight · peak 17.23% · still holds
PGR12.3xPROGRESSIVE CORP7q straight · peak 20.2%
MSFT11.2xMICROSOFT CORP23q straight · peak 21.73% · still holds

Six biggest of 13. Price multiple since the first quarter we observed a conviction holding (2014Q1 at the earliest), not Triple Frond Partners's realized return — entry price and trades between filings aren't disclosed. Peak weight is share of disclosed US 13F book. All 129 multibaggers the cohort held →

Frequently asked questions

What stocks does Triple Frond Partners own?: As of 2026Q2, Triple Frond Partners's 13F discloses 13 positions worth $1.12B. The top five holdings: ASML (21.1%), TDG (12.7%), MSFT (11.7%), AMZN (9.2%), GOOG (9.2%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
What did Triple Frond Partners buy this quarter?: In 2026Q2, the filing shows 2 new positions and 0 additions to existing holdings. The largest positions touched by buying: DASH, SPGI.
How big is Triple Frond Partners's portfolio?: $1.12B across 13 positions per the latest 13F (filed Aug 13, 2026). The top five holdings account for 64% of the disclosed book.

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Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001454502). Not investment advice.