Tuesday, March 6, 2018

Portfolio overview - February 2018

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

Fixed income: 10%
Cash: 6%
Sectors (kinda): Insurance(FRFHF, BRK, MKL): 22%, Malone/media: 16%, Banks/financials: 9%, Oil: 2%, Medical/pharma: 2%, Tech: 10%, Various owner-operators (not included in other categories): 16%

New positions:
Positions increased: FB
Positions reduced:
Positions eliminated: LCSHF

Uneventful month - at least in the portfolio. :)

Added a bit FB.

Sold LCSHF based on 2017 results. The thesis was that LCSHF should have better underwriting results compared to other companies, since they wrote less business because of unattractive prices. Their results for 2017 were bad though. Which raised the question: why hold it if the original thesis does not seem to be true?

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