Monday, January 7, 2019

Portfolio overview - December 2018

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

Fixed income: 6%
Cash: 8%

Sectors (kinda): Insurance(FRFHF, BRK, MKL): 24%, Malone/media: 16%, Banks/financials: 9%, Cars: 0%, Oil: 0%, Medical/pharma: 1%, Tech: 14%, Various owner-operators (not included in other categories): 12%

New positions:
Positions increased: AAPL, IPGP, FB, BRKB, FDX, CTL bond, DIS, RHT
Positions reduced:
Positions eliminated: PONAX, CARS, TVPT


My annual return in 2018 was -7.91% underperforming the index again.

I sold PONAX position, which I was planning to sell for some time. I added to CTL bond as its price dropped below par.

Sold TVPT - announced private equity buyout.
Sold CARS - based on results decided that further holding is not worthwhile.

Added to AAPL, IPGP, FB, BRKB, FDX, DIS as prices dropped.
Added to RHT merger arbitrage position.

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