Triple Frond Partners LLC Long-Term Concentrated

Location: San Francisco, CA

CIK: 0001454502 · Show all filings

Period: Q1 2014 (← Previous) (Next →)

Filing Date: May 5, 2014

Total Value: $215M (100.0% shares, 0.0% debt)

Holdings (7)

SCHW SCHWAB CHARLES CORP 28.6%

Value $61.49M Shares 2,250,000 Est. Cost $15.92 Unrealized +42.6%

PGR PROGRESSIVE CORP OHIO 18.1%

Value $38.99M Shares 1,610,000 Est. Cost $17.10 Unrealized +0.2%

CCL CARNIVAL CORPORATION 17.6%

Value $37.86M Shares 1,000,000 Est. Cost $27.66 Unrealized +19.6%

— HCC INS HLDGS INC 14.2%

Value $30.48M Shares 670,000 Est. Cost $43.11 Unrealized —

RNR RENAISSANCERE HOLDING LTD 7.9%

Value $17.08M Shares 175,000 Est. Cost $88.61 Unrealized +5.7%

— VALIDUS HOLDINGS LTD 7.0%

Value $15.08M Shares 400,000 Est. Cost $36.98 Unrealized —

— RYANAIR HOLDINGS PLC 6.5%

Value $13.87M Shares 235,800 Est. Cost $51.53 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SCHW	SCHWAB CHARLES CORP	2,250,000	$61.49M	28.6%	$15.92	+42.6%	COM	808513105
PGR	PROGRESSIVE CORP OHIO	1,610,000	$38.99M	18.1%	$17.10	+0.2%	COM	743315103
CCL	CARNIVAL CORPORATION	1,000,000	$37.86M	17.6%	$27.66	+19.6%	PAIRED CTF	143658300
—	HCC INS HLDGS INC	670,000	$30.48M	14.2%	$43.11	—	COM	404132102
RNR	RENAISSANCERE HOLDING LTD	175,000	$17.08M	7.9%	$88.61	+5.7%	COM	G7496G103
—	VALIDUS HOLDINGS LTD	400,000	$15.08M	7.0%	$36.98	—	COM SHS	G9319H102
—	RYANAIR HOLDINGS PLC	235,800	$13.87M	6.5%	$51.53	—	SPON ADR	783513104