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Portfolio (Quarterly) Guide ↗

Triple Frond Partners

· CIK 0001454502
13F Portfolio $963M AUM 12 positions Filed May 15, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 Q3 2025 · All 1 New 5 Added 2 Reduced 1 Exited
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 ILMN ILLUMINA INC COM Healthcare 306,460.0 $37.8M 3.92% -68K -18.1% $123.26 +15.8%
2 LYV LIVE NATION ENTERTAINMENT IN Communication Services 234,765.0 $35.8M 3.72% -21K -8.2% $152.51 +10.9%

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 33.2%
Communication Services 24.7%
Industrials 18.7%
Consumer Cyclical 10.4%
Financial Services 9.1%
Healthcare 3.9%