My top (>2%) positions in no particular order: FRFHF, JPM, LMCA, BRKB, BAC, STRZA, SFY bonds, TESB.BE, DRAGF, FRMO, MKL, LBTYA/K
In: BAC - bought more, STRZA - price increase, SFY bonds - price increase, TESB.BE - price increase, LBTYA/K - bought more
Out: BKLN - sold, MHNC - sold
Fixed income: ~13%
(including BRKB and FRFHF): 25%, Malone/media: 11%, Banks: 6%, Cars and
parts: 1%, Oil 11%, Tech 2%, Various owner-operators (not included in other categories) 10%
New positions: FMCKP, FNMAG, PRDGF, HAL, IBM
Positions increased: GDWN.L, AGIIL, FRFHF, LBTYA, LBRDA, BAC, FRMO
Positions reduced: MHNC
Positions eliminated: BKLN, VRSN
month there was a lot of change in my top positions partially through
price changes, partially through purchases. There were also a lot of
changes in fixed income part of portfolio.
Fixed income: sold
BKLN, sold MHNC - overpriced based on yield-to-possible-call. Bought
more AGIIL - one of the few remaining somewhat attractive prefs.
I sold VRSN position - not cheap enough to hold.
On the buy side, I bought some lottery tickets:
FNMAG - Fannie Mae and Freddie Mac prefs that might be worth zero if
status quo continues. I do not count these as fixed income.
PRDGF - startup investment vehicle of CoBF founder, currently losing money and overpriced based on assets.
I decided to buy some IBM after continuing Buffett support and reviewing their 2014 10K.
I bought some HAL, which seems to be reasonably attractive and quality company.
I added GDWN.L, FRFHF, LBTYA, LBRDA, BAC, FRMO at rather mediocre prices. It's possible that I should have waited instead.