My top 10-ish positions in no particular order: NRF-A/B, UVIC, MHR-C, EBIX, IDCC, GFRE, GILD, GPOR, COPJF, CSGH, DRAGF, PBEGF. Changes in top-10: None.
New positions: VSEC, PTI
Positions increased: MHR-C, FRFHF, AXS, UFPT
Positions reduced: NOK, NRF-A/B, FR-J, GPOR, GEOI, HOG, NEWN
Positions eliminated: FMR
Fixed income. Nothing new. Sold some NRF-A/B and FR-J on price runup. Bought some MHR-C.
As FMR was taken over by FRFHF, I sold FMR and added to FRFHF and AXS. Also on the buy side added to UFPT.
On the sell side, I'm still not sure NOK is going to get out of the blues, so I reduced my position again. With oil price and stock price runup I continued selling GPOR and sold some GEOI. HOG turnaround is also unclear, so I sold a bit. Finally, NEWN is still cheap, but the price rise was pretty fast and I decided to lighten a bit.
PTI seems pretty cheap outsourcing company with pretty solid results. Assuming it's not another SAYCY, it is somewhat interesting.
VSEC was discussed on this thread. I am still not sure it's good idea to buy a company that may experience contract cuts from Uncle Sam, but the price is cheap enough for a tracking position. |
