Monday, August 7, 2017

Portfolio overview - July 2017

My top (>2%) positions in no particular order: BRKB, FRFHF, LSXMA, JPM, EXXRF, LVNTA, DISCK, TESB.BE, ISTB, Fannie/Freddie prefs, MKL, AAPL

Fixed income: 8%
Cash: 11%
Sectors (kinda): Insurance(FRFHF, BRK, MKL): 23%, Malone/media: 16%, Banks/financials: 8%, Oil: 2%, Tech: 7%, Various owner-operators (not included in other categories): 16%

New positions: IDIA:CH, Microcap K, NNI, NPSNY
Positions increased: LILA, BRK, BRS bonds
Positions reduced: Fannie/Freddie prefs, FRMO, PRDGF
Positions eliminated: AUXO, WBMD

Added a bit of BRS bonds. Sold some Fannie/Freddie prefs.

Sold AUXO - low conviction position, still have to think more about the company, its products and possible future growth.
Sold WBMD on buyout. Great short term investment.

Reduced FRMO and PRDGF.

Added a bit more LILA and BRK.

Bought initial positions of IDIA:CH (biotech spinoff of successful past management team), NNI and NPSNY (buying Tencent cheaper or other parts for free).

Not much cheap in the market. Trying to clean up portfolio, add tracking positions, investigate and increase positions trading at reasonable valuations.

No comments: