My top (>2%) positions in no particular order: FRFHF, JPM, LMCA, STRZA, SFY bonds, BRKB, SFTBY, TESB.BE, FRMO, MKL, LBTYA/K, GDWN.L
Fixed income: ~10%
(including BRKB and FRFHF): 23%, Malone/media: 12%, Banks: 6%, Oil
11%, Tech 2%, Various owner-operators (not included in other
New positions: CHK, AXP, KHTRF
Positions increased: PRDGF, FMCKP, DNR, FRFHF, SFTBY
Positions reduced: DRAGF
Positions eliminated: TPRE, AGIIL, MHNC, SRLN
I have eliminated most of my fixed income positions (AGIIL, MHNC, SRLN) not
counting SFY bonds. I think that holding cash might be preferable here
compared to holding various bond, bank loan, pref positions.
I sold TPRE after deciding that their (re)insurance results and 2/20% cost headwind are too adverse for holding this position.
I sold some more DRAGF after they announced the official bid for the company and the stock ran up. I am still holding some.
some of DRAGF money into my oil basket with CHK, DNR purchases. After
reviewing my oil positions, I don't think they are very attractive, so I
might not buy more at current prices. In particular, I don't think that
CHK, DNR are the best places to put future money. :)
Increased positions in PRDGF, FMCKP, FRFHF, SFTBY at flat to lower prices.
exploratory position in AXP. I don't think the price is very attractive
yet, but the company still has a good franchise and brand, so I'd like
to have my toes in waiting for possibly better prices.
small position in KHTRF - Canadian biotech/pharma holding company at a
price close to cash assets with shareholder oriented management.