My top (>2%) positions in no particular order: BRKB, FRFHF, FB, JPM, LSXMA, ISTB, EXXRF, DISCK, MKL, AAPL
In:
Out:
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
Flip-flop:
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.
Monday, January 7, 2019
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