My top (>2%) positions in no particular order: BRKB, FRFHF, LSXMA, JPM, EXXRF, ISTB, TESB.BE, LVNTA, MKL, AAPL
In:
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:
Flip-flop:
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.
Tuesday, December 5, 2017
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