Monday, May 7, 2018

Portfolio overview - April 2018

My top (>2%) positions in no particular order: BRKB, FRFHF, ISTB, JPM, EXXRF, LSXMA, DISCK, MKL, AAPL
Out: GLIBA - price drop

Fixed income: 10%
Cash: 7%
Sectors (kinda): Insurance(FRFHF, BRK, MKL): 23%, Malone/media: 16%, Banks/financials: 9%, Cars: 1%, Oil: 2%, Medical/pharma: 1%, Tech: 10%, Various owner-operators (not included in other categories): 13%

New positions: TWX, TITR:IT
Positions increased: BAC, FFXDF, LBRDA, NTES, GLIBA, FB
Positions reduced: Microcap G, Nanocap J
Positions eliminated: Z, ODET:FR, CHUBA/CHUBK
Flip-flop: Nanocap L

It looks like a lot of activity in rather short period of time.
Sold Z due to the new business of house flipping that has quite uncertain future results.
Sold ODET:FR due to Vincent Bollore criminal investigation and upcoming succession.
Sold CHUBA/CHUBK - acquired by private equity.

Added to BAC, FFXDF, LBRDA, NTES, GLIBA, FB based on prices and cash availability.
Bought new positions in TWX - possibly OK price whether merger goes through or not; and TITR:IT - Telecom Italia based on activist investor elections to the board.

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