My top (>2%) positions in no particular order: FRFHF, JPM, BRKB, LMCA, TESB.BE, GDWN.L, MKL, AAPL
In: AAPL - bought more
Out: STRZA - switched to DISCA
Fixed income: 1%
Cash: 26%
Sectors (kinda): Insurance(FRFHF, BRK, MKL): 23%, Malone/media: 10%, Banks: 5%, Oil: 8%, Tech: 2%, Agri: 1%, Various owner-operators (not included in other categories): 16%
New positions: MON, CHK bond, ZPTAF, GENGF, Nanocap B
Positions increased: BRKB, AAPL, DNR, FRFHF, NOV, PRDGF, FMCKP, FNMAG, PWE, GDWN.L, BNKJF, JPM, PSHZF, LMCA, DISCA
Positions reduced: GTE, STRZA, MBNC
Positions eliminated: CHK, BFCF, FOXA
Flip-flop:
With market drop this month came some attractive prices to deploy the capital.
The market is still not cheap overall, but there are pockets of stocks at OK prices.
And then there are oil and gas E&Ps. ;)
Fixed income: Bought a small position in CHK bond. I was planning to buy more if it dropped in price, but it ran up, so I'm not buying more right now.
Oil & gas:
Sold CHK.
Reduced GTE. It still may offer an attractive return if the plans of new CEO go well (haha), but it is now spending much more cash pile, so it is more risky.
Bought some NOV, DNR, PWE, BNKJF.
Established new positions in ZPTAF and GENGF.
I'll group GDWN.L here too even though it's not completely O&G company.
Adding good businesses at good prices: AAPL, JPM, BRKB, FRFHF, PSHZF, initial position in MON.
Swap: sold FOXA and STRZA, bought LMCA and DISCA.
Adding lottery tickets: PRDGF, FMCKP, FNMAG
Sold some MBNC (limit order hit), BFCF (possibly still attractive, but not for me at this time). |
