Tuesday, May 9, 2017

Portfolio overview - April 2017

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%
Cash: 12%
Sectors (kinda): Insurance(FRFHF, BRK, MKL): 22%, Malone/media: 16%, Banks/financials: 8%, Oil: 2%, Tech: 6%, Various owner-operators (not included in other categories): 18%

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
Flip-flop: WFC

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
Fannie/Freddie prefs.

Bought 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.

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