My top (>2%) positions in no particular order: FRFHF, JPM, BRKB, LMCA, STRZA, TESB.BE, SFY bonds, SFTBY, FRMO, MKL, LBTYA/K, GDWN.L
In:
Out:
Fixed income: ~10%
Cash: ~18%
Sectors (kinda):
Insurance (including BRKB and FRFHF): 23%, Malone/media: 12%, Banks: 6%, Oil 9%, Tech 2%, Various owner-operators (not included in other categories) 16%
New positions: CNSWF, Nanocap A, MU, BNKJF
Positions increased: BRKB
Positions reduced: DRAGF, BAC
Positions eliminated:
Flip-flop:
Happy Independence Day!
Not much happened this month.
I sold most DRAGF after it accepted buyout offer from parent company. Sold some BAC on price rise and not high conviction in their business performance.
Opened exploratory positions in CNSWF - great management, but expensive; BNKJF - replacing DRAGF in my oil basket; MU - large price drop while I believe that its business will work fine longer term;
Added a bit of BRKB - the price seems attractive. |
