In Q2 2026, Triple Frond Partners held 13 US-listed stocks worth $1.1bn. Its biggest move was buying Doordash (now 4.9% of the portfolio), followed by buying S&P Global (now 4.2% of the portfolio). It started 2 new positions and sold out of 1. Its largest holding is ASML Holding at 21%.
Against Q1 2026, by number of shares and adjusted for splits. Up to five of each, largest first; the full list is below.
US holdings from the 13F
Q2 2026, filed 13 Aug 2026 (filing): 2 new, 0 added to, 3 trimmed, 1 sold out. Select a row to see it over time.How this works
Changes compare share counts with Q1 2026, adjusted for stock splits. Share classes of the same company are combined. Values are at quarter-end prices.
13F holdings with change from the previous quarter
Each bar is one 13F. Select a bar or press play to see that quarter’s 12 largest positions.How this works
Bars are split by share of the US portfolio: the six biggest holdings over the period in colour, everything else in grey. The last eight quarters are shown in full, earlier years at year end.
2013
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2021
2023
Q4 ’24
Q2 ’25
Q4 ’25
Q2 ’26
CHTRTDGMSFTGOOGMCOAMZNEverything else
2013: Charter Communications 0.0%, Transdigm Group 0.0%, Microsoft 0.0%, Alphabet 0.0%, Moody's 0.0%, Amazon.com 0.0%; 2014: Charter Communications 13.6%, Transdigm Group 0.0%, Microsoft 0.0%, Alphabet 0.0%, Moody's 0.0%, Amazon.com 0.0%; 2015: Charter Communications 15.4%, Transdigm Group 14.2%, Microsoft 0.0%, Alphabet 0.0%, Moody's 13.6%, Amazon.com 0.0%; 2016: Charter Communications 13.9%, Transdigm Group 12.2%, Microsoft 0.0%, Alphabet 0.0%, Moody's 14.5%, Amazon.com 0.0%; 2017: Charter Communications 23.1%, Transdigm Group 12.1%, Microsoft 0.0%, Alphabet 0.0%, Moody's 17.3%, Amazon.com 0.0%; 2018: Charter Communications 21.6%, Transdigm Group 8.2%, Microsoft 0.0%, Alphabet 0.0%, Moody's 15.0%, Amazon.com 0.0%; 2019: Charter Communications 25.9%, Transdigm Group 12.8%, Microsoft 0.0%, Alphabet 0.0%, Moody's 17.9%, Amazon.com 0.0%; 2020: Charter Communications 25.6%, Transdigm Group 8.6%, Microsoft 6.8%, Alphabet 10.5%, Moody's 13.2%, Amazon.com 0.0%; 2021: Charter Communications 23.3%, Transdigm Group 10.5%, Microsoft 7.9%, Alphabet 15.2%, Moody's 5.8%, Amazon.com 7.8%; 2022: Charter Communications 21.4%, Transdigm Group 15.2%, Microsoft 10.0%, Alphabet 12.1%, Moody's 7.3%, Amazon.com 8.0%; 2023: Charter Communications 18.4%, Transdigm Group 14.4%, Microsoft 10.2%, Alphabet 12.0%, Moody's 8.1%, Amazon.com 9.8%; Q3 ’24: Charter Communications 11.3%, Transdigm Group 15.3%, Microsoft 14.0%, Alphabet 18.1%, Moody's 6.7%, Amazon.com 14.4%; Q4 ’24: Charter Communications 7.1%, Transdigm Group 13.1%, Microsoft 15.2%, Alphabet 19.9%, Moody's 6.4%, Amazon.com 15.1%; Q1 ’25: Charter Communications 8.0%, Transdigm Group 17.2%, Microsoft 20.4%, Alphabet 13.7%, Moody's 5.1%, Amazon.com 12.5%; Q2 ’25: Charter Communications 7.4%, Transdigm Group 12.7%, Microsoft 22.7%, Alphabet 13.0%, Moody's 4.6%, Amazon.com 12.1%; Q3 ’25: Charter Communications 4.8%, Transdigm Group 8.2%, Microsoft 21.7%, Alphabet 14.6%, Moody's 0.0%, Amazon.com 12.9%; Q4 ’25: Charter Communications 3.3%, Transdigm Group 14.4%, Microsoft 17.7%, Alphabet 11.5%, Moody's 0.0%, Amazon.com 11.5%; Q1 ’26: Charter Communications 3.5%, Transdigm Group 12.8%, Microsoft 13.6%, Alphabet 10.5%, Moody's 0.0%, Amazon.com 10.3%; Q2 ’26: Charter Communications 0.0%, Transdigm Group 12.7%, Microsoft 11.7%, Alphabet 9.2%, Moody's 0.0%, Amazon.com 9.2%
Q1 Q2 Q3 Q4 · each quarter is that quarter’s profits times the stake reported at its end. *2026 so far: 2 quarters. Click a quarter to see its holdings.
Net income is as reported (GAAP), so it includes one-off items and, for some companies, gains or losses on investments they hold. Companies that report under IFRS (most non-US companies) or whose shares we can’t match reliably are left out; “portfolio covered” shows how much is included. Look-through earnings explained. Growth compares earnings per share over the last 12 months with the 12 months a year earlier, for holdings profitable in both.
US holdings by sector
Industrials39.1%
Consumer discretionary17.4%
Communication and media17.1%
Technology14.2%
Financials12.3%
Sectors are grouped from each company’s SEC industry code, as a share of the Q2 2026 13F.