My top (>2%) positions in no particular order: BRKB, FRFHF, JPM, LSXMA, EXXRF, SRLN, DISCK, LVNTA, TESB.BE, ISTB, Fannie/Freddie prefs, MKL, AAPL
In: SRLN - bought more, LVNTA - price went up
Fixed income: 8%
(kinda): Insurance(FRFHF, BRK, MKL): 22%,
Malone/media: 16%, Banks/financials: 8%, Oil: 2%, Tech:
6%, Various owner-operators (not included in other
New positions: AN, AUXO, FB, FWP
Positions increased: SRLN, ISTB, QVCA, BRKB, LSXMA, LILA, LBTYK
Positions reduced: FRFHF, Fannie/Freddie prefs, Nanocap B
Positions eliminated: Nanocap F
Rather active month.
Moved a chunk of cash into SRLN and ISTB.
Added to Berkshire and a swath of Liberties positions ( QVCA, LSXMA, LILA, LBTYK )
Bought a tracking position in FB.
Bought small positions in AN (possibly cheap long term hold), AUXO, FWP (special situation).
Sold some FRFHF - still undecided how much of it I will hold long term and at which price. Sold some
WFC on forced Buffett selling. Sold on rather stupid CEO comments.
There are other banks to invest; no need to live with CEO who cannot
acknowledge internal issues and blames outsiders.