We break down the stocks Mark Massey and Scott Bradford (AltaRock Partners) bought, sold, and held in Q1 2024, including their holdings at the end of the quarter. All data sourced from AltaRock Partners' 13F filed on May 21, 2024.
Who are Mark Massey and Scott Bradford and AltaRock Partners?
AltaRock Partners is a highly concentrated investment firm founded by Mark Massey and Scott Bradford, both Harvard MBA graduates with distinguished investment backgrounds. Massey previously worked at Seth Klarman's Baupost Group, while Bradford gained experience at Fiduciary Management Associates. The firm maintains an extremely focused portfolio typically comprising fewer than ten holdings with a combined value of approximately $4.8 billion. AltaRock's investment philosophy centers on identifying exceptional businesses with durable competitive advantages and holding them for the long term.
Portfolio Changes in Q1 2024
New positions
AltaRock Partners did not establish any new positions during Q1 2024.
Bought
AltaRock Partners did not add to any existing positions during Q1 2024.
Sold
AltaRock Partners trimmed all eight of its existing positions during Q1 2024, with the largest reductions in Alphabet (GOOGL) by 574,720 shares, Microsoft (MSFT) by 236,528 shares, and Amazon (AMZN) by 230,174 shares. The firm also reduced its holdings in TransDigm (TDG), Charter Communications (CHTR), Visa (V), Moody's (MCO), and Mastercard (MA).
Holdings at the end of Q1 2024
| Ticker | Company | Weight | Change | Value |
|---|---|---|---|---|
| TDG | TransDigm | 30.6% | Trimmed (-7%) | $1.42B |
| AMZN | Amazon | 16.3% | Trimmed (-5%) | $758.4M |
| MSFT | Microsoft | 15.9% | Trimmed (-12%) | $738.02M |
| GOOGL | Alphabet | 13.9% | Trimmed (-12%) | $646.75M |
| V | Visa | 10.7% | Trimmed (-3%) | $496.31M |
| MCO | Moody's | 6.8% | Trimmed (-1%) | $314.48M |
| CHTR | Charter Communications | 3.2% | Trimmed (-12%) | $146.73M |
| MA | Mastercard | 2.8% | Trimmed (-1%) | $128.6M |
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