Stuart Mclaughlin - Triple Frond Partners 13F Activity & Position Changes (Q4 2014)

According to the SEC 13F filed on Aug 13, 2026, the Triple Frond Partners portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2014. 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 Q4 2014, the filing reported:

New Buys - DaVita Inc.

Increases - Charles Schwab Corporation (The

Reductions - Carnival Corporation

Complete Exits - McDonald'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
Q4 2014	CCL Carnival Corporation	Carnival Corporation	Sell	-250,000	-25.0%	$34.00K	750,000
Q4 2014	DVA DaVita Inc.	DaVita Inc.	Buy - Position Entry	+550,000	-	$41.66K	550,000
Q4 2014	MCD McDonald's Corporation	McDonald's Corporation	Sell - Position Exit	-300,000	-100.0%	$0.00	-
Q4 2014	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Buy	+250,000	+11.1%	$75.47K	2,500,000