My top (>2%) positions in no particular order: FRFHF, JPM, BRKB, LMCA, DISCA, GDWN.L, MKL, AAPL
In: DISCA - price went up
Fixed income: 2%
(kinda): Insurance(FRFHF, BRK, MKL): 26%, Malone/media: 11%, Banks:
5%, Oil: 10%, Tech: 3%, Agri: 1%, Various owner-operators (not included
in other categories): 14%
New positions: EFFN.SE, CXRX, VRX
Positions increased: BRKB, CHK bond
Positions reduced: KRSL
Positions eliminated: AXP, MON, SFTBY
month would have been pretty uneventful except for ROIQW saga - that
ended in a loss - so it wasn't very interesting ultimately.
ongoing popcorn drama is VRX - where I purchased a ticket and an extra
helping of CXRX. VRX ticket is really tiny, so it's not an endorsement
of stock at this price. CXRX might be more attractive if one looks for
levered pharma rollup ticket at cheap'ish price.
I bought small position in EFFN.SE. Added to BRKB and CHK bond.
Sold a bit of KRSL. The stock is still cheap. I can't say I handle microcaps well.
AXP (still have it via BRKB proxy). AXP might be attractive here after
Costco business loss bump, but I was just simplifying the portfolio.
Sold MON. It is not clear how cheap it is all things considered.
SFTBY. After thinking about it, I decided that I don't particularly
like the Sprint and Alibaba positions by proxy. I might monitor this and
reenter if I understand why I am wrong and Masa-san is right.