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

As of Mar 31, 2020, 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 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