T2 Partners filed 13f with the SEC today, the filing pretains to funds managed by Glenn Tongue and Zeke Ashton. There are wide differences in 13f  filing of T2 Partners and what Whitney Tilson said about his newly founded Kase Fund in his latest annual letter, Tilson and Glenn used to manage money together before July 2012. While Tilson said he exited Apple Inc. (NASDAQ:AAPL) in last quarter, the portfolio of T2 Partners not only holds a position in the company, but also increased it by 75 percent.

whitney tilson

Netflix, Inc. (NASDAQ:NFLX) was the major mover for Tilson’s Kase Capital in the new year, however Glenn and Ashton’s T2 Partners sold all Call options of Netflix and also sold some shares of the company, T2 now holds 50,460 shares of NFLX. In Tilson’s letter, he was contemplating whether to sell the stake and realize a profit or keep holding onto it.

Tilson and T2 Partners converge on buying into Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP), T2 bought 10,000 shares of the company but the position is nowhere among the top ten holdings of T2 Partners, however, Canadian Pacific Railway is the seventh largest long holding of Kase Capital.

Interestingly, T2 Partners bought 9,800 Call options in Herbalife Ltd. (NYSE:HLF), which contrasts strongly from Whitney Tilson’s position, Tilson is separately shorting the stock.It sure seems like Glenn is managing money differently.

T2 also bought new positions in MBIA Inc. (NYSE:MBI), J.C. Penney Company, Inc. (NYSE:JCP), Burger King Worldwide Inc (NYSE:BKW), Express, Inc. (NYSE:EXPR) and Body Central Corp (NASDAQ:BODY).

The major new positions were initiated in, Western Digital Corp. (NASDAQ:WDC), Leucadia National Corp. (NYSE:LUK), Kohl’s Corporation (NYSE:KSS) and Call options in iShares Russell 2000 Index (ETF) (NYSEARCA:IWM) and SPDR S&P 500 ETF Trust (NYSEARCA:SPY).

T2 closed its positions in Cisco Systems, Inc. (NASDAQ:CSCO), Dell Inc. (NASDAQ:DELL), Facebook Inc (NASDAQ:FB), General Motors Company, (NYSE:GM), JPMorgan Chase & Co. (NYSE:JPM) and Microsoft Corporation (NASDAQ:MSFT). T2 also exited its options in International Business Machines Corp. (NYSE:IBM) and Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR).

Note: A previous version of the article noted the holdings of T2 Partners as being Whitney Tilson’s. We apologize for the mistake, Tilson separated from T2 Partners in July 2012. For the record, Tilson has not owned Burger King, JC Penney, MBIA or Herbalife.