Stuart Mclaughlin - Triple Frond Partners 13F Activity & Position Changes (Q4 2019)

As of Dec 31, 2019, the Triple Frond Partners portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 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 Q4 2019, the filing reported:

New Buys - None reported

Increases - Transdigm Group Incorporated

Reductions - Mastercard Incorporated, Charles Schwab Corporation (The, Visa Inc.

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
Q4 2019	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-36,300	-13.4%	$70.17K	235,000
Q4 2019	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell	-500,000	-15.9%	$126.03K	2,650,000
Q4 2019	TDG Transdigm Group Incorporated	Transdigm Group Incorporated	Buy	+40,000	+17.8%	$148.40K	265,000
Q4 2019	V Visa Inc.	Visa Inc.	Sell	-57,300	-9.4%	$103.34K	550,000