Activity

Meaningful New / Add / Reduce / Exit moves from each manager’s latest two report periods (top changes across recently active managers). Add/Reduce shown when share change is ≥ 5.0% or portfolio weight moves ≥ 0.25 pp.

Manager Period Action Issuer Δ Shares Δ Shares % Δ Port % Filed
Oakcliff Capital Partners, LP 2026 Q1 vs 2025 Q4 Add GUIDEWIRE SOFTWARE INC +61,000 +73.3% +2.35 pp 5/15/2026
Hillman Capital Management, Inc. 2026 Q1 vs 2025 Q4 Exit SPDR S&P 500 ETF TR -6,676 Exit -2.86 pp 5/15/2026
TRIAN FUND MANAGEMENT, L.P. 2026 Q1 vs 2025 Q4 New Magnum Ice Cream Co NV +241,042 New +0.09 pp 5/15/2026
Hillman Capital Management, Inc. 2026 Q1 vs 2025 Q4 New ORACLE CORP +16,109 New +1.65 pp 5/15/2026
Hillman Capital Management, Inc. 2026 Q1 vs 2025 Q4 Reduce LAUDER ESTEE COS INC -2,631 -4.8% -1.01 pp 5/15/2026
Oakcliff Capital Partners, LP 2026 Q1 vs 2025 Q4 Reduce NATURAL RESOURCE PARTNERS LP -25,294 -19.9% -0.25 pp 5/15/2026
AKO CAPITAL LLP 2026 Q1 vs 2025 Q4 Reduce FLUTTER ENTMT PLC -2,622,399 -84.3% -9.23 pp 5/15/2026
AKO CAPITAL LLP 2026 Q1 vs 2025 Q4 Reduce MARSH & MCLENNAN COS INC -1,223,333 -82.4% -3.31 pp 5/15/2026
AKO CAPITAL LLP 2026 Q1 vs 2025 Q4 Reduce COPART INC -5,736,076 -95.4% -3.40 pp 5/15/2026
AKO CAPITAL LLP 2026 Q1 vs 2025 Q4 Reduce MICROSOFT CORP -285,501 -28.0% -2.19 pp 5/15/2026
AKO CAPITAL LLP 2026 Q1 vs 2025 Q4 New SUNBELT RENTALS HOLDINGS INC +3,185,284 New +4.06 pp 5/15/2026
Triple Frond Partners LLC 2026 Q1 vs 2025 Q4 New MASTERCARD INC +175,472 New +9.11 pp 5/15/2026
Triple Frond Partners LLC 2026 Q1 vs 2025 Q4 Exit LAM RESEARCH CORP -295,377 Exit -5.26 pp 5/15/2026
Triple Frond Partners LLC 2026 Q1 vs 2025 Q4 Add ASML HOLDING N V +12,139 +11.4% +4.44 pp 5/15/2026
Triple Frond Partners LLC 2026 Q1 vs 2025 Q4 Add TRANSDIGM GROUP INC +2,650 +2.6% -1.54 pp 5/15/2026
Triple Frond Partners LLC 2026 Q1 vs 2025 Q4 Reduce ILLUMINA INC COM -67,700 -18.1% -1.18 pp 5/15/2026

Activity is derived from processed Form 13F aggregate holdings. Values and portfolio weights use as-filed data ($000). Open a period link for the full side-by-side comparison.