Saturday, July 4, 2015

Portfolio overview - June 2015

My top (>2%) positions in no particular order: FRFHF, JPM, BRKB, LMCA, STRZA, TESB.BE, SFY bonds, SFTBY, FRMO, MKL, LBTYA/K, GDWN.L

Fixed income: ~10%
Cash: ~18%

Sectors (kinda):
Insurance (including BRKB and FRFHF): 23%, Malone/media: 12%, Banks: 6%, Oil 9%, Tech 2%, Various owner-operators (not included in other categories) 16%

New positions: CNSWF, Nanocap A, MU, BNKJF
Positions increased: BRKB
Positions reduced: DRAGF, BAC
Positions eliminated:

Happy Independence Day!

Not much happened this month.

I sold most DRAGF after it accepted buyout offer from parent company. Sold some BAC on price rise and not high conviction in their business performance.

Opened exploratory positions in CNSWF - great management, but expensive; BNKJF - replacing DRAGF in my oil basket; MU - large price drop while I believe that its business will work fine longer term;

Added a bit of BRKB - the price seems attractive.

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