Triple Frond Partners portfolio & holdings
Triple Frond Partners
Historical clone performance and limitations
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.
A material reported change · Q2 2026
Triple Frond Partners reported a new position in SPGI.
Holdings as of Jun 30, 2026 · filed Aug 13, 2026. Position at period end: 4.2% of the reported portfolio. The filing does not reveal the trade date, price, or reason.
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Holdings (13) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | ASML | 21.1% | $237M | |||
| 2 | TDG | 12.7% | $142M | |||
| 3 | MSFT | 11.7% | $131M | |||
| 4 | AMZN | 9.2% | $103M | |||
| 5 | GOOG | 9.2% | $103M | |||
| 6 | MA | 8.0% | $90M | |||
| 7 | META | 5.9% | $66M | |||
| 8 | TRU | 5.3% | $59M | |||
| 9 | DASH | 4.9% | $55M | |||
| 10 | SPGI | 4.2% | $48M | |||
| 11 | LYV | 3.2% | $36M | |||
| 12 | CCC | 2.5% | $28M | |||
| 13 | CHTR | 2.0% | $22M |
- 1ASMLport21.1%val$237MAsml Holding N Vthis Q hold·6q
- 2TDGport12.7%val$142MTransdigm Group Incthis Q hold·40q
- 3MSFTport11.7%val$131MMicrosoft Corpthis Q hold·24q
- 4AMZNport9.2%val$103MAmazon.com Incthis Q hold·20q
- 5GOOGport9.2%val$103MAlphabet Inc-cl Cthis Q hold·26q
- 6MAport8.0%val$90MMastercard Inc - Athis Q hold·18q
- 7METAport5.9%val$66MMeta Platforms Inc-class Athis Q hold·11q
- 8TRUport5.3%val$59MTransunionthis Q hold·4q
- 9DASHport4.9%val$55MDoordash Inc - Athis Q New·—1q
- 10SPGIport4.2%val$48MS&p Global Incthis Q New·4q
- 11LYVport3.2%val$36MLive Nation Entertainment INthis Q hold·3q
- 12CCCport2.5%val$28MCcc Intelligent Solutions HOthis Q hold·6q
- 13CHTRport2.0%val$22MCharter Communications Inc-athis 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 |
- NEWDASH4.9%Doordash Inc - AΔ +100%·$55M
- NEWSPGI4.2%S&p Global IncΔ +100%·$48M
- EXITILMN3.9%Illumina IncΔ -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.
| 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.
Manager evidence
14 material decisions, preserved in sequence.
See what Triple Frond Partners bought, added, trimmed, or exited across eight quarters—plus disclosure lag, SEC sources, and observed outcomes versus SPY. No guru grade.
Open Triple Frond Partners's decision evidence →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.
Similar portfolios
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001454502). Not investment advice.