My top (>2%) positions in no particular order: BRKB, FRFHF, LSXMA, JPM, EXXRF, DISCK, LVNTA, TESB.BE, ISTB, Fannie/Freddie prefs, MKL, AAPL
In:
Out: SRLN - sold
Fixed income: 8%
Cash: 11%
Sectors (kinda): Insurance(FRFHF, BRK, MKL): 23%, Malone/media: 16%, Banks/financials: 9%, Oil: 2%, Tech: 6%, Various owner-operators (not included in other categories): 18%
New positions: NTES, BACPRL, PONDX
Positions increased: MCO, WBMD, LSXMA, BRS bonds, ISTB
Positions reduced:
Positions eliminated: FWP, NOV, SRLN, Nanocap B
Flip-flop:
Quite a bit of activity in fixed income. Bought more BRS bonds as they fell below 70% par. Bought a little position in BACPRL. Sold SRLN. On higher quality side bought more ISTB and some PONDX.
Sold FWP as the special situation upside became less clear. Sold remainder of NOV - the company might do well and be bought out or turnaround, but I decided to move on.
Added some MCO and LSXMA at a bit rising prices. Added a bit more WBMD - still expecting a deal.
Bought a starter position in NTES. |
