Triple Frond Partners LLC Long-Term Concentrated

Location: San Francisco, CA

CIK: 0001454502 · Show all filings

Period: Q4 2013 (← Previous) (Next →)

Filing Date: Jan 16, 2014

Total Value: $300M (100.0% shares, 0.0% debt)

Holdings (10)

SCHW SCHWAB CHARLES CORP 19.5%

Value $58.5M Shares 2,250,000 Est. Cost $15.92 Unrealized +29.8%

— TIME WARNER CABLE INC 18.1%

Value $54.2M Shares 400,000 Est. Cost $112.48 Unrealized —

CCL CARNIVAL CORPORATION 13.4%

Value $40.17M Shares 1,000,000 Est. Cost $27.66 Unrealized +5.8%

— RYANAIR HOLDINGS PLC 10.7%

Value $32.11M Shares 684,180 Est. Cost $51.53 Unrealized —

— HCC INS HLDGS INC 10.3%

Value $30.91M Shares 670,000 Est. Cost $43.11 Unrealized —

— TRW AUTOMOTIVE HOLDING CORP 6.8%

Value $20.31M Shares 273,000 Est. Cost $74.39 Unrealized —

RNR RENAISSANCERE HOLDING LTD 5.7%

Value $17.04M Shares 175,000 Est. Cost $88.61 Unrealized +5.1%

PGR PROGRESSIVE CORP OHIO 5.5%

Value $16.36M Shares 600,000 Est. Cost $17.04 Unrealized +6.7%

— VALIDUS HOLDINGS LTD 5.4%

Value $16.12M Shares 400,000 Est. Cost $36.98 Unrealized —

— CRH P L C 4.8%

Value $14.4M Shares 563,456 Est. Cost $20.31 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SCHW	SCHWAB CHARLES CORP	2,250,000	$58.5M	19.5%	$15.92	+29.8%	COM	808513105
—	TIME WARNER CABLE INC	400,000	$54.2M	18.1%	$112.48	—	COM	88732J207
CCL	CARNIVAL CORPORATION	1,000,000	$40.17M	13.4%	$27.66	+5.8%	PAIRED CTF	143658300
—	RYANAIR HOLDINGS PLC	684,180	$32.11M	10.7%	$51.53	—	SPON ADR	783513104
—	HCC INS HLDGS INC	670,000	$30.91M	10.3%	$43.11	—	COM	404132102
—	TRW AUTOMOTIVE HOLDING CORP	273,000	$20.31M	6.8%	$74.39	—	COM	87264S106
RNR	RENAISSANCERE HOLDING LTD	175,000	$17.04M	5.7%	$88.61	+5.1%	COM	G7496G103
PGR	PROGRESSIVE CORP OHIO	600,000	$16.36M	5.5%	$17.04	+6.7%	COM	743315103
—	VALIDUS HOLDINGS LTD	400,000	$16.12M	5.4%	$36.98	—	COM SHS	G9319H102
—	CRH P L C	563,456	$14.4M	4.8%	$20.31	—	ADR	12626K203