{"slug":"altarock","name":"AltaRock Partners","style":"superinvestor_value","grade":"D","book":[{"ticker":"AMZN","issuer":"AMAZON.COM INC","shares":7567946.0,"value_usd":1576176113.0,"pct_book":38.2,"position_rank":1,"tilt_pp":25.698,"action":"hold","shares_change_pct":3.5,"add_streak_q":0,"persistence":"persisted","sector":"Consumer Cyclical","themes":[{"key":"mag7","name":"Magnificent Seven","name_zh":"\u4e03\u5de8\u5934"},{"key":"us_sector_discretionary","name":"Consumer Discretionary (Equal-Weight)","name_zh":"\u975e\u5fc5\u9700\u6d88\u8d39\uff08\u7b49\u6743\uff09"}],"since_excess":-0.0696,"period_end":"2026-03-31","filing_date":"2026-05-15","conviction":{"score":70.0,"tier":"high","components":{"pct_book":{"value":1.0,"points":35.0},"rank_top10":{"value":1,"points":15.0},"tilt":{"value":25.698,"points":10.0},"add_streak":{"value":0,"points":0.0},"new_at_size":{"value":false,"points":0.0},"persisted":{"value":"persisted","points":10.0}}}},{"ticker":"TDG","issuer":"TRANSDIGM GROUP INC","shares":909168.0,"value_usd":1053689345.0,"pct_book":25.54,"position_rank":2,"tilt_pp":13.036,"action":"hold","shares_change_pct":-6.2,"add_streak_q":0,"persistence":"persisted","sector":"Industrials","themes":[{"key":"defense","name":"Defense & Aerospace","name_zh":"\u56fd\u9632\u4e0e\u822a\u7a7a\u822a\u5929"},{"key":"us_sector_industrials","name":"Industrials (Equal-Weight)","name_zh":"\u5de5\u4e1a\uff08\u7b49\u6743\uff09"}],"since_excess":0.0559,"period_end":"2026-03-31","filing_date":"2026-05-15","conviction":{"score":65.6,"tier":"moderate","components":{"pct_book":{"value":0.875,"points":30.62},"rank_top10":{"value":2,"points":15.0},"tilt":{"value":13.036,"points":10.0},"add_streak":{"value":0,"points":0.0},"new_at_size":{"value":false,"points":0.0},"persisted":{"value":"persisted","points":10.0}}}},{"ticker":"MSFT","issuer":"MICROSOFT CORP","shares":1867537.0,"value_usd":691306171.0,"pct_book":16.75,"position_rank":3,"tilt_pp":4.254,"action":"trim","shares_change_pct":-10.3,"add_streak_q":0,"persistence":"persisted","sector":"Technology","themes":[{"key":"mag7","name":"Magnificent Seven","name_zh":"\u4e03\u5de8\u5934"},{"key":"ai_software","name":"AI Software & Platforms","name_zh":"AI \u8f6f\u4ef6\u4e0e\u5e73\u53f0"},{"key":"quantum_computing","name":"Quantum Computing","name_zh":"\u91cf\u5b50\u8ba1\u7b97"}],"since_excess":-0.0629,"period_end":"2026-03-31","filing_date":"2026-05-15","conviction":{"score":61.2,"tier":"moderate","components":{"pct_book":{"value":0.75,"points":26.25},"rank_top10":{"value":3,"points":15.0},"tilt":{"value":4.254,"points":10.0},"add_streak":{"value":0,"points":0.0},"new_at_size":{"value":false,"points":0.0},"persisted":{"value":"persisted","points":10.0}}}},{"ticker":"MCO","issuer":"MOODYS CORP","shares":862036.0,"value_usd":376063205.0,"pct_book":9.11,"position_rank":4,"tilt_pp":-3.386,"action":"hold","shares_change_pct":5.8,"add_streak_q":0,"persistence":"persisted","sector":"Financial","themes":[{"key":"us_sector_financials","name":"Financials (Equal-Weight)","name_zh":"\u91d1\u878d\uff08\u7b49\u6743\uff09"}],"since_excess":0.155,"period_end":"2026-03-31","filing_date":"2026-05-15","conviction":{"score":46.9,"tier":"moderate","components":{"pct_book":{"value":0.625,"points":21.88},"rank_top10":{"value":4,"points":15.0},"tilt":{"value":-3.386,"points":0.0},"add_streak":{"value":0,"points":0.0},"new_at_size":{"value":false,"points":0.0},"persisted":{"value":"persisted","points":10.0}}}},{"ticker":"MA","issuer":"MASTERCARD INC-CLASS A","shares":522836.0,"value_usd":261240236.0,"pct_book":6.33,"position_rank":5,"tilt_pp":-6.169,"action":"hold","shares_change_pct":-3.5,"add_streak_q":0,"persistence":"persisted","sector":"Financial","themes":[{"key":"payments_fintech","name":"Payments & Fintech","name_zh":"\u652f\u4ed8\u4e0e\u91d1\u878d\u79d1\u6280"},{"key":"us_sector_financials","name":"Financials (Equal-Weight)","name_zh":"\u91d1\u878d\uff08\u7b49\u6743\uff09"}],"since_excess":0.1004,"period_end":"2026-03-31","filing_date":"2026-05-15","conviction":{"score":42.5,"tier":"low","components":{"pct_book":{"value":0.5,"points":17.5},"rank_top10":{"value":5,"points":15.0},"tilt":{"value":-6.169,"points":0.0},"add_streak":{"value":0,"points":0.0},"new_at_size":{"value":false,"points":0.0},"persisted":{"value":"persisted","points":10.0}}}},{"ticker":"V","issuer":"VISA INC-CLASS A SHRS","shares":498677.0,"value_usd":150720137.0,"pct_book":3.65,"position_rank":6,"tilt_pp":-8.847,"action":"hold","shares_change_pct":-3.5,"add_streak_q":0,"persistence":"persisted","sector":"Financial","themes":[{"key":"payments_fintech","name":"Payments & Fintech","name_zh":"\u652f\u4ed8\u4e0e\u91d1\u878d\u79d1\u6280"},{"key":"us_sector_financials","name":"Financials (Equal-Weight)","name_zh":"\u91d1\u878d\uff08\u7b49\u6743\uff09"}],"since_excess":0.1053,"period_end":"2026-03-31","filing_date":"2026-05-15","conviction":{"score":38.1,"tier":"low","components":{"pct_book":{"value":0.375,"points":13.12},"rank_top10":{"value":6,"points":15.0},"tilt":{"value":-8.847,"points":0.0},"add_streak":{"value":0,"points":0.0},"new_at_size":{"value":false,"points":0.0},"persisted":{"value":"persisted","points":10.0}}}},{"ticker":"GOOGL","issuer":"ALPHABET INC-CL A","shares":43391.0,"value_usd":12477516.0,"pct_book":0.3,"position_rank":7,"tilt_pp":-12.198,"action":"trim","shares_change_pct":-74.4,"add_streak_q":0,"persistence":"persisted","sector":"Communication Services","themes":[{"key":"mag7","name":"Magnificent Seven","name_zh":"\u4e03\u5de8\u5934"},{"key":"ai_software","name":"AI Software & Platforms","name_zh":"AI \u8f6f\u4ef6\u4e0e\u5e73\u53f0"},{"key":"quantum_computing","name":"Quantum Computing","name_zh":"\u91cf\u5b50\u8ba1\u7b97"}],"since_excess":-0.1218,"period_end":"2026-03-31","filing_date":"2026-05-15","conviction":{"score":33.8,"tier":"low","components":{"pct_book":{"value":0.25,"points":8.75},"rank_top10":{"value":7,"points":15.0},"tilt":{"value":-12.198,"points":0.0},"add_streak":{"value":0,"points":0.0},"new_at_size":{"value":false,"points":0.0},"persisted":{"value":"persisted","points":10.0}}}},{"ticker":"HLT","issuer":"HILTON WORLDWIDE","shares":15341.0,"value_usd":4664891.0,"pct_book":0.11,"position_rank":8,"tilt_pp":-12.387,"action":"trim","shares_change_pct":-97.2,"add_streak_q":0,"persistence":"persisted","sector":"Consumer Cyclical","themes":[{"key":"travel","name":"Travel & Experiences","name_zh":"\u65c5\u884c\u4e0e\u4f53\u9a8c"},{"key":"us_sector_discretionary","name":"Consumer Discretionary (Equal-Weight)","name_zh":"\u975e\u5fc5\u9700\u6d88\u8d39\uff08\u7b49\u6743\uff09"}],"since_excess":0.0071,"period_end":"2026-03-31","filing_date":"2026-05-15","conviction":{"score":29.4,"tier":"low","components":{"pct_book":{"value":0.125,"points":4.38},"rank_top10":{"value":8,"points":15.0},"tilt":{"value":-12.387,"points":0.0},"add_streak":{"value":0,"points":0.0},"new_at_size":{"value":false,"points":0.0},"persisted":{"value":"persisted","points":10.0}}}}],"book_meta":{"n_positions":8,"n_resolved":8,"resolution_pct":100.0,"book_value_usd":4126337614.0,"filing_date":"2026-05-15","period_end":"2026-03-31"},"sector_series":[{"period_end":"2023-03-31","filing_date":"2023-05-16","weights":{"Industrials":27.92,"Communication Services":21.76,"Technology":18.42,"Consumer Cyclical":16.59,"Financial":15.3},"top_theme_weights":{"AI & Technology":52.86,"Industrials & Defense":27.92,"Financials":13.11,"US Sectors (EW)":6.11}},{"period_end":"2023-06-30","filing_date":"2023-08-14","weights":{"Industrials":29.15,"Communication Services":20.02,"Technology":18.58,"Financial":16.27,"Consumer Cyclical":15.99},"top_theme_weights":{"AI & Technology":51.06,"Industrials & Defense":29.15,"Financials":14.08,"US Sectors (EW)":5.71}},{"period_end":"2023-09-30","filing_date":"2023-11-14","weights":{"Industrials":27.67,"Communication Services":22.72,"Technology":17.49,"Financial":17.48,"Consumer Cyclical":14.65},"top_theme_weights":{"AI & Technology":49.37,"Industrials & Defense":27.67,"Financials":14.75,"US Sectors (EW)":8.21}},{"period_end":"2023-12-31","filing_date":"2024-02-15","weights":{"Industrials":27.93,"Financial":20.23,"Communication Services":20.12,"Technology":16.7,"Consumer Cyclical":15.03},"top_theme_weights":{"AI & Technology":46.87,"Industrials & Defense":27.93,"Financials":13.17,"US Sectors (EW)":12.04}},{"period_end":"2024-03-31","filing_date":"2024-05-15","weights":{"Industrials":30.61,"Financial":20.19,"Communication Services":17.05,"Consumer Cyclical":16.3,"Technology":15.86},"top_theme_weights":{"AI & Technology":46.06,"Industrials & Defense":30.61,"Financials":13.43,"US Sectors (EW)":9.91}},{"period_end":"2024-06-30","filing_date":"2024-08-14","weights":{"Industrials":28.22,"Financial":21.45,"Technology":18.86,"Consumer Cyclical":16.43,"Communication Services":15.04},"top_theme_weights":{"AI & Technology":49.23,"Industrials & Defense":28.22,"Financials":12.03,"US Sectors (EW)":10.52}},{"period_end":"2024-09-30","filing_date":"2024-11-13","weights":{"Industrials":29.46,"Financial":22.06,"Consumer Cyclical":19.83,"Technology":17.72,"Communication Services":10.93},"top_theme_weights":{"AI & Technology":47.11,"Industrials & Defense":29.46,"Financials":12.09,"US Sectors (EW)":11.33}},{"period_end":"2024-12-31","filing_date":"2025-02-14","weights":{"Industrials":25.65,"Consumer Cyclical":23.88,"Financial":20.94,"Technology":16.16,"Communication Services":13.37},"top_theme_weights":{"AI & Technology":52.88,"Industrials & Defense":25.65,"Financials":11.84,"US Sectors (EW)":9.17,"Consumer Cyclical":0.46}},{"period_end":"2025-03-31","filing_date":"2025-05-14","weights":{"Industrials":27.26,"Financial":21.36,"Consumer Cyclical":21.16,"Technology":19.49,"Communication Services":10.74},"top_theme_weights":{"AI & Technology":50.11,"Industrials & Defense":27.26,"Financials":12.45,"US Sectors (EW)":8.93,"Consumer Cyclical":1.25}},{"period_end":"2025-06-30","filing_date":"2025-08-14","weights":{"Consumer Cyclical":27.79,"Industrials":27.21,"Technology":23.44,"Financial":18.21,"Communication Services":3.36},"top_theme_weights":{"AI & Technology":51.92,"Industrials & Defense":27.21,"Financials":9.49,"US Sectors (EW)":8.74,"Consumer Cyclical":2.65}},{"period_end":"2025-09-30","filing_date":"2025-11-14","weights":{"Consumer Cyclical":32.92,"Technology":24.35,"Industrials":23.53,"Financial":17.67,"Communication Services":1.53},"top_theme_weights":{"AI & Technology":56.21,"Industrials & Defense":23.53,"Financials":9.4,"US Sectors (EW)":8.28,"Consumer Cyclical":2.57}},{"period_end":"2025-12-31","filing_date":"2026-02-13","weights":{"Consumer Cyclical":36.16,"Industrials":25.28,"Technology":19.75,"Financial":17.78,"Communication Services":1.04},"top_theme_weights":{"AI & Technology":53.89,"Industrials & Defense":25.28,"Financials":9.62,"US Sectors (EW)":8.16,"Consumer Cyclical":3.06}},{"period_end":"2026-03-31","filing_date":"2026-05-15","weights":{"Consumer Cyclical":38.31,"Industrials":25.54,"Financial":19.1,"Technology":16.75,"Communication Services":0.3},"top_theme_weights":{"AI & Technology":55.25,"Industrials & Defense":25.54,"Financials":9.98,"US Sectors (EW)":9.11,"Consumer Cyclical":0.11}}],"sector_rotation":{"into":[{"sector":"Consumer Cyclical","delta_pp":2.15},{"sector":"Financial","delta_pp":1.32},{"sector":"Industrials","delta_pp":0.26}],"out_of":[{"sector":"Technology","delta_pp":-3.0},{"sector":"Communication Services","delta_pp":-0.74}],"deltas":{"Consumer Cyclical":2.15,"Financial":1.32,"Industrials":0.26,"Communication Services":-0.74,"Technology":-3.0},"period_end":"2026-03-31","prev_period_end":"2025-12-31","method_note":{"en":"Current sector/theme map applied to history \u2014 historical quarters are classified with today's sector and theme membership (survivorship-lite; past classification changes are not reconstructed).","zh":"\u4ee5\u5f53\u524d\u884c\u4e1a/\u4e3b\u9898\u6620\u5c04\u56de\u6eaf\u5386\u53f2\u2014\u2014\u5386\u53f2\u5b63\u5ea6\u6309\u4eca\u65e5\u7684\u884c\u4e1a\u4e0e\u4e3b\u9898\u6210\u5458\u5206\u7c7b\uff08\u8f7b\u5ea6\u5e78\u5b58\u8005\u53e3\u5f84\uff1b\u4e0d\u91cd\u5efa\u8fc7\u53bb\u7684\u5206\u7c7b\u53d8\u66f4\uff09\u3002"}},"theme_read":{"leans":[],"core":null,"narrative_en":"No thematic add cluster this quarter \u2014 the latest buys do not map to a tracked theme.","narrative_zh":"\u672c\u5b63\u5ea6\u65e0\u4e3b\u9898\u6027\u52a0\u4ed3\u96c6\u7fa4\u2014\u2014\u6700\u65b0\u4e70\u5165\u672a\u6620\u5c04\u5230\u4efb\u4f55\u8ddf\u8e2a\u4e3b\u9898\u3002"}}