# Triple Frond Partners: 13F portfolio, Q2 2026

Investment firm, San Francisco.

Source: SEC Form 13F filed 2026-08-13 for the quarter ended 2026-06-30: https://www.sec.gov/Archives/edgar/data/1454502/000145450226000007/0001454502-26-000007-index.htm
Values are as the manager reported them in the filing, not current market prices.
Page: https://valuepeg.com/managers/triple-frond-partners
Updated: 2026-08-13 · Next filing due by 2026-11-14

## Summary
- Reported value: $1.1B (Q1 2026: $962.9M)
- Positions: 13 (Q1 2026: 12)
- Top 10 holdings: 92.3% of the portfolio
- This quarter: 2 new, 0 added to, 3 trimmed, 1 sold out

## What Triple Frond Partners did in Q2 2026
Triple Frond Partners opened new positions in DoorDash and S&P Global. It sold out of Illumina. ASML Holding is still the largest holding, at 21.1% of the portfolio.

## Biggest buys
- DoorDash (DASH): New
- S&P Global (SPGI): New

## Biggest sells
- Illumina (ILMN): Sold out
- Alphabet (GOOG): −18%
- Live Nation Entertainment (LYV): −16%
- Amazon (AMZN): −10%

## Top 13 holdings
| # | Company | Ticker | % of portfolio | Reported value | Change vs Q1 2026 | Held since |
|---|---|---|---|---|---|---|
| 1 | ASML Holding | ASML | 21.1% | $236.6M | No change | Q1 2025 |
| 2 | TransDigm Group | TDG | 12.7% | $141.9M | No change | Q3 2024 or earlier |
| 3 | Microsoft | MSFT | 11.7% | $131.5M | No change | Q3 2024 or earlier |
| 4 | Amazon | AMZN | 9.2% | $103.1M | −10% | Q3 2024 or earlier |
| 5 | Alphabet | GOOG | 9.2% | $103.0M | −18% | Q3 2024 or earlier |
| 6 | Mastercard | MA | 8.0% | $90.1M | No change | Q1 2026 |
| 7 | Meta Platforms | META | 5.9% | $66.3M | No change | Q1 2025 |
| 8 | TransUnion | TRU | 5.3% | $59.0M | No change | Q3 2025 |
| 9 | DoorDash | DASH | 4.9% | $55.4M | New | Q2 2026 |
| 10 | S&P Global | SPGI | 4.2% | $47.5M | New | Q2 2026 |
| 11 | Live Nation Entertainment | LYV | 3.2% | $36.3M | −16% | Q4 2025 |
| 12 | CCC Intelligent Solutions Holdings | CCC | 2.5% | $27.9M | No change | Q1 2025 |
| 13 | Charter Communications | CHTR | 2.0% | $21.9M | No change | Q3 2024 or earlier |

## Other value investors
- Tweedy, Browne: https://valuepeg.com/managers/tweedy-browne
- ValueAct: https://valuepeg.com/managers/valueact
- Viking Global Investors: https://valuepeg.com/managers/viking-global
- Wedgewood Partners: https://valuepeg.com/managers/wedgewood-partners
- Weitz Investment Management: https://valuepeg.com/managers/weitz-investment-management

## About this data
- **What is a 13F?** A quarterly report to the SEC in which an investment manager with over $100 million in US-listed stocks lists what it holds.
- **How current is it?** Managers file up to 45 days after each quarter ends, so the holdings may have changed since.
- **Whose figures are these?** The values are as the manager reported them in the filing, not today's prices. The SEC lets a manager keep some positions confidential for a time, and those are not in the filing.
- **What does it leave out?** Short positions, cash, bonds and most holdings outside US markets. Options are left out here too.

Not investment advice.