Triple Frond Partners LLC Long-Term Concentrated

Location: San Francisco, CA

CIK: 0001454502 · Show all filings

Period: Q3 2013 (← Previous) (Next →)

Filing Date: Oct 15, 2013

Total Value: $328M (100.0% shares, 0.0% debt)

Holdings (9)

— TIME WARNER CABLE INC 27.2%

Value $89.28M Shares 800,000 Est. Cost $112.48 Unrealized —

SCHW SCHWAB CHARLES CORP 14.5%

Value $47.56M Shares 2,250,000 Est. Cost $15.92 Unrealized +18.0%

CCL CARNIVAL CORPORATION 13.8%

Value $45.42M Shares 1,391,435 Est. Cost $27.66 Unrealized +8.0%

— HCC INS HLDGS INC 10.4%

Value $34.25M Shares 781,600 Est. Cost $43.11 Unrealized —

— RYANAIR HOLDINGS PLC 10.4%

Value $34.03M Shares 684,180 Est. Cost $51.53 Unrealized —

RNR RENAISSANCERE HOLDING LTD 8.3%

Value $27.17M Shares 300,089 Est. Cost $88.61 Unrealized -1.5%

— VALIDUS HOLDINGS LTD 6.2%

Value $20.34M Shares 550,000 Est. Cost $36.98 Unrealized —

PGR PROGRESSIVE CORP OHIO 5.0%

Value $16.34M Shares 600,000 Est. Cost $17.04 Unrealized +2.6%

— CRH P L C 4.2%

Value $13.62M Shares 563,456 Est. Cost $20.31 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	TIME WARNER CABLE INC	800,000	$89.28M	27.2%	$112.48	—	COM	88732J207
SCHW	SCHWAB CHARLES CORP	2,250,000	$47.56M	14.5%	$15.92	+18.0%	COM	808513105
CCL	CARNIVAL CORPORATION	1,391,435	$45.42M	13.8%	$27.66	+8.0%	PAIRED CTF	143658300
—	HCC INS HLDGS INC	781,600	$34.25M	10.4%	$43.11	—	COM	404132102
—	RYANAIR HOLDINGS PLC	684,180	$34.03M	10.4%	$51.53	—	SPON ADR	783513104
RNR	RENAISSANCERE HOLDING LTD	300,089	$27.17M	8.3%	$88.61	-1.5%	COM	G7496G103
—	VALIDUS HOLDINGS LTD	550,000	$20.34M	6.2%	$36.98	—	COM SHS	G9319H102
PGR	PROGRESSIVE CORP OHIO	600,000	$16.34M	5.0%	$17.04	+2.6%	COM	743315103
—	CRH P L C	563,456	$13.62M	4.2%	$20.31	—	ADR	12626K203