Sunday, May 8, 2016

Portfolio overview - April 2016

My top (>2%) positions in no particular order: FRFHF, BRKB, JPM, LSXMA, DISCK, TESB.BE, EXOSF, MKL, AAPL
In: LSXMA - LMCA spinoff
Fixed income: 0%
Cash: 17%
Sectors (kinda): Insurance(FRFHF, BRK, MKL): 29%, Malone/media: 13%, Banks: 5%, Oil: 5%, Tech: 3%, Various owner-operators (not included in other categories): 16%

New positions:
Positions increased: LMCK, BATRK,
Positions reduced: Nanocap A, Nanocap C, DNR
Positions eliminated: SWTF, BRS bond, DNR bond

Sold BRS bond on runup +
H225 fleet grounding and CHC bankruptcy.
Sold DNR bond on runup and institutional recap into second lien bonds.

Sold SWTF common received from Swift Energy BK proceedings. ~5% of par.
Sold some of the tiny remaining DNR common position.

LMCA split into LSXMA, LMCA and BATRA. Added a bit of LMCK and BATRK.

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