Monday, April 8, 2019

Portfolio overview - March 2019

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

Fixed income: 2%
Cash: 12%

Sectors (kinda): Insurance(FRFHF, BRK, MKL): 22%, Malone/media: 16%, Banks/financials: 10%, Cars: 0%, Oil: 0%, Medical/pharma: 1%, Tech: 19%, Various owner-operators (not included in other categories): 8%

New positions: KKR
Positions increased: BKNG, BIDU, STNE, FB, YY
Positions reduced: JPM
Positions eliminated: FDX, NNI

Sold FDX position as my confidence dropped regarding its future business results.
Sold NNI position based on unclear business future.
Reduced JPM position based on limited future return expectations.

Bought new position in KKR at seemingly attractive valuation and since it has converted to C-corp and shareholders will no longer have to deal with K-1.

Added to BKNG, BIDU, STNE, FB, YY though prices are not great.

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