My top (>2%) positions in no particular order: MGDDY, JPM, MHNC, GLW, DRAGF, BKLN, LMCA, CF, BRKB, WDC.
Fixed income: ~18%
New positions: LVNTA, DISH, DNB
Positions increased: LMCA, DE, SMTUF, LBTYK, VRSN, AGXKF
Positions reduced: PFHO,
Positions eliminated: DTV
Another ho hum month.
T's offer to buy DTV, I decided to exit the position and buy some DISH.
Neither company is very cheap. I am not very attracted to T and I am
not sure I can analyze all the possibilities with DTV sale going through
or failing, so I decided not to hold DTV.
I established a tracking position in LVNTA. I bought some DNB, which may hold some moat. It is not very cheap though.
I bought some more LMCA, DE, SMTUF, LBTYK, VRSN, AGXKF. Only SMTUF can be called cheap and yet good quality company. AGXKF is a risky increase in small position that has lost ~80%. The remainder of purchases are good quality companies that are not cheap with various degrees.
I sold some more of PFHO based on valuation.