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

According to the SEC 13F filed on May 15, 2026, the Triple Frond Partners portfolio showed several notable changes in holdings as of quarter-end Mar 31, 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