WhaleCreep

Altarock Partners LP 13F holdings, Q2 2016

Hedge fundSEC filingsCompare with another fundHoldings as of 2016-06-30, filed 2016-08-15

Altarock Partners LP disclosed 9 US equity positions worth $550.5m in its Q2 2016 13F filing. Its largest position is CHTR at 22.8% of the reported book, followed by TDG and LIBERTY GLOBAL PLC. Versus Q1 2016 it opened 2 new positions, added to 2, reduced 3 and exited 1.

$550m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
9
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
22.8%
Largest position
The largest single position as a share of the reported equity book.
100%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
6
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
47
Quarters on file since Q4 2014
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q1 2016: 2 new, 2 added, 3 reduced, 1 exited

9 rows
CHTR CHARTER COMMUNICATIONS INCCommunication Services22.8%$125m547,937–new
TDG TRANSDIGM GROUP INCIndustrials21.0%$116m439,148−40%reduced
LIBERTY GLOBAL PLC no ticker–18.4%$101m3.53m+25%added
MCO MOODYS CORPFinancial Services16.9%$93.0m992,019−4.6%reduced
BRK/B BERKSHIRE HATHAWAY INC DEL–8.3%$45.7m315,375–new
MA MASTERCARD INCFinancial Services6.5%$35.5m403,6900.0%held
V VISA INCFinancial Services3.8%$21.0m282,5160.0%held
LIBERTY GLOBAL PLC no ticker–2.4%$13.0m398,745+766%added
IBKR INTERACTIVE BROKERS GROUP INFinancial Services0.05%$255k7,201−74%reduced

Exited since Q1 2016

1 row
CHARTER COMMUNICATIONS INC D no ticker20.8%$113m

Sector mix

  • Unclassified29.0%
  • Financial Services27.2%
  • Communication Services22.8%
  • Industrials21.0%

Book over time

Every quarter on file (47)
QuarterPositionsEquity book
Q2 20268$4.2bn
Q1 20268$4.1bn
Q4 20258$5.1bn
Q3 20259$5.5bn
Q2 20259$5.5bn
Q1 20259$5.0bn
Q4 202410$4.9bn
Q3 20249$5.1bn
Q2 20249$4.9bn
Q1 20248$4.7bn
Q4 20238$4.5bn
Q3 20238$4.0bn
Q2 20238$4.2bn
Q1 20238$3.7bn
Q4 20228$3.2bn
Q3 20228$3.1bn
Q2 20228$3.2bn
Q1 20229$3.9bn
Q4 20218$3.8bn
Q3 20218$3.7bn
Q2 20218$3.6bn
Q1 20217$2.6bn
Q4 20207$2.4bn
Q3 20206$2.1bn
Q2 20206$2.0bn
Q1 20206$1.6bn
Q4 20197$1.6bn
Q3 20196$1.2bn
Q2 20196$1.2bn
Q1 20196$1.1bn
Q4 20186$840m
Q3 20187$1.1bn
Q2 20187$967m
Q1 20187$874m
Q4 20177$761m
Q3 20177$684m
Q2 20177$710m
Q1 20178$674m
Q4 20168$682m
Q3 20168$628m
Q2 20169$550m
Q1 20168$543m
Q4 20158$492m
Q3 20158$420m
Q2 20157$314m
Q1 20156$200m
Q4 20146$121m

Where Altarock Partners LP was early

3 rows
CHTR CHARTER COMMUNICATIONS INC-AQ2 20163 of 26922.8%38.6%35Exited by Q1 2025+50%
WAB WABTECQ3 20167 of 14510.9%10.9%7Exited by Q2 2018−0.3%
BKNG BOOKING HOLDINGS INCQ1 20181 of 31324.3%24.3%3Exited by Q4 2018−4.6%

Concentration and tenure

27.7%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
100%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
5
Median completed holding, quarters