Stuart Mclaughlin - Triple Frond Partners 13F Activity & Position Changes (Q1 2025)

As of Mar 31, 2025, the Triple Frond Partners portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 14, 2025. 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 2025, the filing reported:

New Buys - ASML, CCC Intelligent Solutions Holdi, Meta Platforms, Inc.

Increases - Lam Research, Microsoft Corporation, Transdigm Group Incorporated

Reductions - Amazon.com, Inc., Alphabet Inc., Moody's Corporation

Complete Exits - Canadian Pacific Kansas City Li, Visa Inc.

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 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-42,800	-8.1%	$92.69K	487,191
Q1 2025	ASML ASML	ASML	Buy - Position Entry	+79,300	-	$52.55K	79,300
Q1 2025	CCCS CCC Intelligent Solutions Holdi	CCC Intelligent Solutions Holdi	Buy - Position Entry	+2,415,000	-	$21.81K	2,415,000
Q1 2025	CP Canadian Pacific Kansas City Li	Canadian Pacific Kansas City Li	Sell - Position Exit	-404,369	-100.0%	$0.00	-
Q1 2025	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-158,409	-19.6%	$101.38K	648,905
Q1 2025	LRCX Lam Research	Lam Research	Buy	+194,850	+38.1%	$51.37K	706,615
Q1 2025	MCO Moody's Corporation	Moody's Corporation	Sell	-22,960	-22.0%	$38.01K	81,627
Q1 2025	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy - Position Entry	+76,750	-	$44.24K	76,750
Q1 2025	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+124,585	+44.7%	$151.30K	403,043
Q1 2025	TDG Transdigm Group Incorporated	Transdigm Group Incorporated	Buy	+12,390	+15.5%	$127.46K	92,144
Q1 2025	V Visa Inc.	Visa Inc.	Sell - Position Exit	-358,393	-100.0%	$0.00	-