Stuart Mclaughlin - Triple Frond Partners 13F Activity & Position Changes (Q3 2025)

As of Sep 30, 2025, the Triple Frond Partners portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 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 Q3 2025, the filing reported:

New Buys - Illumina, Inc., TransUnion

Increases - Amazon.com, Inc., ASML, CCC Intelligent Solutions Holdi

Reductions - Alphabet Inc., Lam Research, Meta Platforms, Inc., Microsoft Corporation, Transdigm Group Incorporated

Complete Exits - Moody's 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
Q3 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+53,260	+10.9%	$118.67K	540,451
Q3 2025	ASML ASML	ASML	Buy	+32,170	+40.6%	$107.91K	111,470
Q3 2025	CCCS CCC Intelligent Solutions Holdi	CCC Intelligent Solutions Holdi	Buy	+508,500	+16.1%	$33.38K	3,664,500
Q3 2025	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-98,031	-15.1%	$134.16K	550,874
Q3 2025	ILMN Illumina, Inc.	Illumina, Inc.	Buy - Position Entry	+390,600	-	$37.09K	390,600
Q3 2025	LRCX Lam Research	Lam Research	Sell	-278,725	-39.4%	$57.29K	427,890
Q3 2025	MCO Moody's Corporation	Moody's Corporation	Sell - Position Exit	-81,627	-100.0%	$0.00	-
Q3 2025	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-8,545	-7.8%	$74.65K	101,655
Q3 2025	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-17,865	-4.4%	$199.50K	385,178
Q3 2025	TDG Transdigm Group Incorporated	Transdigm Group Incorporated	Sell	-16,830	-22.8%	$75.08K	56,964
Q3 2025	TRU TransUnion	TransUnion	Buy - Position Entry	+430,470	-	$36.06K	430,470