Stuart Mclaughlin - Triple Frond Partners 13F Activity & Position Changes (Q3 2020)

According to the SEC 13F filed on Nov 13, 2020, the Triple Frond Partners portfolio showed several notable changes in holdings as of quarter-end Sep 30, 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 Q3 2020, the filing reported:

New Buys - Microsoft Corporation

Increases - Guidewire Software, Inc.

Reductions - Mastercard Incorporated, Moody's Corporation, Transdigm Group Incorporated

Complete Exits - None reported

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
Q3 2020	GWRE Guidewire Software, Inc.	Guidewire Software, Inc.	Buy	+88,000	+15.4%	$68.90K	660,800
Q3 2020	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-78,075	-28.1%	$67.44K	199,425
Q3 2020	MCO Moody's Corporation	Moody's Corporation	Sell	-36,400	-5.6%	$177.92K	613,828
Q3 2020	MSFT Microsoft Corporation	Microsoft Corporation	Buy - Position Entry	+379,050	-	$79.73K	379,050
Q3 2020	TDG Transdigm Group Incorporated	Transdigm Group Incorporated	Sell	-37,800	-16.6%	$90.40K	190,274