| | | My top (>2%) positions in no particular order: MGDDY, JPM, MHNC, GLW, DRAGF, BKLN, LMCA, CF, BRKB, WDC, SPND, MKL.
In:
Out:
Fixed income: ~16%
Cash: ~16%
New positions: MBNC, RYAM, 7399:JP, TESB:BE, PGN
Positions increased: DE
Positions reduced: GLW, STX, AITPF, BASFY
Positions eliminated: VASTN:NL, DNOW
Flip-flop:
Though the market did not do much this month, I bought and sold more than in previous months. It remains to be seen if the activity was worthwhile.
I sold DNOW distribution from NOV. It seemed to be expensive and not attractive.
Sold Euro REIT VASTN:NL - not impressed with results for the last couple years and did not see bright future either.
Continued reduction of GLW - not clear to me that it's worth current valuation, no clear positive outlook except perhaps auto-industry option.
Sold some STX - WDC+STX is a bit large position and I decided to reduce.
Sold some AITPF on valuation
Sold some BASFY on valuation and Russia involvement.
Bought more DE as the stock drops/goes nowhere. Company is shedding employees and predicting bad results. I might be early, but I plan to buy more.
Established initial positions in MBNC, RYAM, 7399:JP, TESB:BE, PGN
MBNC was mentioned on this thread. I don't believe it's very cheap, but it's interesting.
RYAM is a spinoff that's also not cheap, but rather interesting for future prospects.
7399:JP - Japan industrial co., not great results, no moat, but cheap. Might be value trap. Discussed on Corner of Berkshire and Fairfax.
TESB:BE - Belgian chemical company, now run by turnaround owner/CEO. Discussed on Corner of Berkshire and Fairfax. Not great current results.
PGN - another spinoff discussed on this board. Risky offshore drilling small cap.
Also posted on my blog: buffettstocks.blogspot.com |
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