Stuart Mclaughlin - Triple Frond Partners 13F Activity & Position Changes (Q1 2020)

According to the SEC 13F filed on Aug 13, 2026, the Triple Frond Partners portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2020. 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 2020, the filing reported:

New Buys - Alphabet Inc., Guidewire Software, Inc., S&P Global Inc.

Increases - Mastercard Incorporated, Transdigm Group Incorporated, Visa Inc.

Reductions - Charter Communications, Inc., Moody's Corporation, Charles Schwab Corporation (The

Complete Exits - Fox Corporation

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 2020	CHTR Charter Communications, Inc.	Charter Communications, Inc.	Sell	-120,000	-19.4%	$218.17K	500,029
Q1 2020	FOXA Fox Corporation	Fox Corporation	Sell - Position Exit	-1,962,000	-100.0%	$0.00	-
Q1 2020	GOOG Alphabet Inc.	Alphabet Inc.	Buy - Position Entry	+90,120	-	$104.79K	90,120
Q1 2020	GWRE Guidewire Software, Inc.	Guidewire Software, Inc.	Buy - Position Entry	+372,800	-	$29.57K	372,800
Q1 2020	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+42,500	+18.1%	$67.03K	277,500
Q1 2020	MCO Moody's Corporation	Moody's Corporation	Sell	-34,400	-3.9%	$177.92K	841,228
Q1 2020	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell	-2,237,700	-84.4%	$13.86K	412,300
Q1 2020	SPGI S&P Global Inc.	S&P Global Inc.	Buy - Position Entry	+28,100	-	$6.89K	28,100
Q1 2020	TDG Transdigm Group Incorporated	Transdigm Group Incorporated	Buy	+15,000	+5.7%	$89.65K	280,000
Q1 2020	V Visa Inc.	Visa Inc.	Buy	+100,000	+18.2%	$104.73K	650,000