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Triple Frond Partners exited its entire ILMN position, 3.92% of the portfolio.

Sold out of a position that was 306,460 shares worth $37.77M as of the previous filing.
Published · Based on SEC filings

Low impact
Position exited
2026 Q2

Illumina Inc (ILMN) is gone from the Triple Frond Partners portfolio as of June 30, 2026, according to the 13F-HR filed with the SEC on August 13, 2026. A quarter earlier the position was 306K shares worth about $37.8M, or 3.92% of the reported book. ILMN had been in the portfolio for 3 quarters, since the quarter ended September 30, 2025.

What did the 2026 Q2 filing report for ILMN?

As of June 30, 2026, from the 13F-HR filed August 13, 2026.

Before After
Shares 306K 0
Reported value $37.8M $0
Portfolio weight 3.92% 0%
Held since 2025 Q3 sold out in 2026 Q2
Quarters held 3

What did Triple Frond Partners sell?

Triple Frond Partners sold 306K shares of ILMN between the quarter ended March 31, 2026 and June 30, 2026. The ILMN exit was the 3rd largest of the quarter's 6 position changes by percent change to portfolio.

Where does ILMN sit in the Triple Frond Partners portfolio?

Before the sale, ILMN carried 3.92% of the Triple Frond Partners portfolio, below the fund's average stock position of 8%. The largest stock position is ASML at 21.11%. Next come TDG at 12.67% and MSFT at 11.74%. The three largest stocks together are 45.52% of the book. Across the 2026 Q2 portfolio, Triple Frond Partners reported 13 stock positions, with 2 opened and 1 closed. The total portfolio value is about $1.1B, up 16% from the prior quarter.

Triple Frond Partners buys and sells, 2026 Q2

How long has Triple Frond Partners held ILMN?

Triple Frond Partners held ILMN for 3 quarters, from the quarter ended September 30, 2025 to March 31, 2026. The weight peaked at 5.1% in 2025 Q4. Last quarter the fund had already cut the position by 18%, so the exit finishes a two-quarter unwind. Every reported trade is on the Triple Frond Partners ILMN trade history page.

Triple Frond Partners shares of ILMN by quarter

FAQ

How many ILMN shares did Triple Frond Partners sell?

Triple Frond Partners sold all 306K shares of ILMN it reported a quarter earlier, worth about $37.8M.

When did Triple Frond Partners first buy ILMN?

Triple Frond Partners first reported ILMN in the quarter ended September 30, 2025.

How much of the Triple Frond Partners portfolio was ILMN?

ILMN was 3.92% of the Triple Frond Partners portfolio at the prior quarter-end, and 0% after the sale.

Source: based on original SEC filings

Figures are from the fund's 13F, which lists long US-listed positions at quarter-end prices. Cash, short positions and most non-US holdings are not reported.
Stocks mentioned
Amelia Ingram
Amelia Ingram
Valuesider analyst