My top (>2%) positions in no particular order: BRKB, FRFHF, ISTB, JPM, LSXMA, FB, EXXRF, DISCK, MKL, AAPL
Out: BRS bonds (sold)
Fixed income: 8%
(kinda): Insurance(FRFHF, BRK, MKL): 24%, Malone/media: 16%,
Banks/financials: 9%, Cars: 1%, Oil: 0%, Medical/pharma: 1%, Tech:
14%, Various owner-operators (not included in other categories): 12%
New positions: CVS
Positions increased: AAPL, FB, BRKB, FDX
Positions eliminated: BRS bonds, CTL, Nanocap P
BRS bonds after BRS decided to buy a privately owned company. This
added to risks of the bonds. The bond prices have declined significantly
after announcement. They might be attractive investment if an investor
can persuade themselves that there will be no default or that the price
will recover. I am going to stay on sidelines.
position in CTL after spending more time on this and deciding that I do
not have enough confidence in the company.
Bought and sold AFSI - merger arbitrage that worked out really quickly.
Bought small initial position in CVS.
Added to AAPL, FB, BRKB, FDX as stock prices dropped.