Stuart Mclaughlin - Triple Frond Partners 13F Activity & Position Changes (Q1 2026)

As of Mar 31, 2026, the Triple Frond Partners portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2026, the filing reported:

New Buys - Mastercard Incorporated

Increases - ASML, CCC Intelligent Solutions Holdi, Meta Platforms, Inc., Transdigm Group Incorporated, TransUnion

Reductions - Illumina, Inc., Live Nation Entertainment, Inc.

Complete Exits - Lam Research

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2026	ASML ASML	ASML	Buy	+12,139	+11.4%	$157.07K	118,917
Q1 2026	CCCS CCC Intelligent Solutions Holdi	CCC Intelligent Solutions Holdi	Buy	+608,000	+12.7%	$32.48K	5,413,036
Q1 2026	ILMN Illumina, Inc.	Illumina, Inc.	Sell	-67,700	-18.1%	$37.77K	306,460
Q1 2026	LRCX Lam Research	Lam Research	Sell - Position Exit	-295,377	-100.0%	$0.00	-
Q1 2026	LYV Live Nation Entertainment, Inc.	Live Nation Entertainment, Inc.	Sell	-21,093	-8.2%	$35.80K	234,765
Q1 2026	MA Mastercard Incorporated	Mastercard Incorporated	Buy - Position Entry	+175,472	-	$87.68K	175,472
Q1 2026	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+20,252	+20.8%	$67.30K	117,628
Q1 2026	TDG Transdigm Group Incorporated	Transdigm Group Incorporated	Buy	+2,650	+2.6%	$123.48K	106,544
Q1 2026	TRU TransUnion	TransUnion	Buy	+266,675	+48.4%	$56.59K	817,828
Q4 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-61,917	-11.5%	$110.45K	478,534
Q4 2025	ASML ASML	ASML	Sell	-4,692	-4.2%	$114.24K	106,778
Q4 2025	CCCS CCC Intelligent Solutions Holdi	CCC Intelligent Solutions Holdi	Buy	+1,140,536	+31.1%	$38.20K	4,805,036
Q4 2025	CHTR Charter Communications, Inc.	Charter Communications, Inc.	Sell	-6,755	-4.2%	$32.09K	153,725
Q4 2025	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-197,415	-35.8%	$110.92K	353,459
Q4 2025	ILMN Illumina, Inc.	Illumina, Inc.	Sell	-16,440	-4.2%	$49.08K	374,160
Q4 2025	LRCX Lam Research	Lam Research	Sell	-132,513	-31.0%	$50.56K	295,377
Q4 2025	LYV Live Nation Entertainment, Inc.	Live Nation Entertainment, Inc.	Buy - Position Entry	+255,858	-	$36.46K	255,858
Q4 2025	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-4,279	-4.2%	$64.28K	97,376
Q4 2025	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-32,674	-8.5%	$170.48K	352,504
Q4 2025	TDG Transdigm Group Incorporated	Transdigm Group Incorporated	Buy	+46,930	+82.4%	$138.16K	103,894
Q4 2025	TRU TransUnion	TransUnion	Buy	+120,683	+28.0%	$47.26K	551,153