Sunday, March 6, 2016

Portfolio overview - February 2016

My top (>2%) positions in no particular order: FRFHF, BRKB, JPM, LMCA, DISCA, TESB.BE, MKL, AAPL
In: TESB.BE - price rise

Fixed income: 3%
Cash: 12%
Sectors (kinda): Insurance(FRFHF, BRK, MKL): 31%, Malone/media: 13%, Banks:6 %, Oil: 9%, Tech: 3%, Various owner-operators (not included in other categories): 16%

New positions: DIS, BRS bond, EXOSF,
Positions increased: BAC, LBTYK, BAM, CXRX, DNR bond, FNMAG,
Positions reduced: DNR, X bond,
Positions eliminated: Nanocap E, PGNPQ

As market fell in the beginning of the month, I bought. As it rose in last week, I sold a bit.

Price based adds: BAC, LBTYK, BAM, CXRX, FNMAG

In energy area, I mostly switched from DNR common to DNR bonds, which was not well timed as DNR common ran up from <$1 to >$3. Bonds went up only from ~$24 to ~$44.
I bought some BRS bonds that look somewhat safe and yet attractive.
Got rid of very tiny PGNPQ position.

Sold X bond that ran up from $64 to $90. If only all buys worked out as well.

Bought a small initial position in DIS as it was falling, but did not have opportunity to build it up.
Bought initial position in EXOSF that might be a good owner operator company going forward.

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