Portfolio overview - July 2014

My top (>2%) positions in no particular order: MGDDY, JPM, MHNC, GLW, DRAGF, BKLN, LMCA, CF, BRKB, WDC, SPND, MKL.
In: SPND, MKL - price increases
Out:

Fixed income: ~16%
Cash: ~16%

New positions: EMC
Positions increased: DE
Positions reduced: AMNF, GLW, BASFY, MHNC
Positions eliminated: CWH-E
Flip-flop:

Another boring month. Nothing attractive to buy and not much to sell.

In fixed income, I sold CWH-E and reduced MHNC positions as they went over par and yield-to-possible-call diminished.

I sold some of AMNF, GLW, BASFY somewhat richly valued positions.
I bought a small exploratory position in EMC.
I added a bit to DE position.

Two stocks ran up to join 2% positions with couple more on the edge. I might have to shift to 2.5% reporting if the number of 2%ers becomes large.