Tuesday, December 5, 2017

Portfolio overview - November 2017

My top (>2%) positions in no particular order: BRKB, FRFHF, LSXMA, JPM, EXXRF, ISTB, TESB.BE, LVNTA, MKL, AAPL
Out: Fannie/Freddie prefs - sold part of position, LILA - price drop

Fixed income: 10%
Cash: 7%
Sectors (kinda): Insurance(FRFHF, BRK, MKL): 24%, Malone/media: 16%, Banks/financials: 9%, Oil: 2%, Medical/pharma: 1%, Tech: 9%, Various owner-operators (not included in other categories): 16%

New positions: FFXDF, WDAY, Z, CTL bond, Microcap M
Positions increased: LTRPA, LEXEA, PCLN, Nanocap L
Positions reduced: Fannie/Freddie prefs
Positions eliminated:

Bought some CTL bond. There is some expectation that CTL results will improve after LVLT merger.
Sold some Fannie/Freddie prefs as the legal cases continue to yield no positive results. Most of the expectation now is for political solution that provides some return to pref and common holders. I think chances for such solution are not great, though who knows.

Bought initial position in Fairfax India FFXDF. Bought tracking positions in WDAY, Z - not value investments at current prices.
Added to LTRPA, LEXEA, PCLN as the whole sector dropped after Q3 results. These stocks are not cheap even after drops.

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