Tilson had an active quarter closing a number of positions while taking new positions in just one, that one however represents nearly 8% of total holdings.
Whitney Tilson is the founder and Managing Partner of T2 Partner LLC and the Tilson Mutual Fund. The fund closed positions in four stocks Tilson continues to shed shares in both Berkshire Hathaway CL B and American International Group. The value of T2’s portfolio as of the most recent 13F filing (Q4) is just shy of $60 million while Howard Hughes remains the largest percentage of the portfolio for the fifth consecutive quarter followed by Avis Budget and Reading International. (Reading is a new position)
Whitney Tilson: New Positions
Tilson only took one new position, Reading International Inc.. It is, however, quite notable as the purchase of 351,606 shares now makes the company the third largest holding in its portfolio at 7.86%.
Whitney Tilson: Closed Positions
Having opened only one new position in Q4 while closing four, Tilson is currently holding 16 stocks. The four that no longer make that list of holdings are: Boeing, Citigroup, Netflix, and United Continental Holdings. Those four stocks before their positions were closed represented about 15% of the portfolio.
Assets in private equity and venture capital strategies have seen significant growth in recent years. In comparison, assets in the hedge fund industry have experienced slowing growth rates. Q2 2021 hedge fund letters, conferences and more Over the six years to the end of 2020, hedge fund assets increased at a compound annual growth rate Read More
Whitney Tilson: Increased positions
By percentage, Tilson seems most chuffed with magicJack VocalTec having added 106.64% to the funds holdings. He added 47.92% to his position in SodaStream International with the purchase of 46,100 shares. Tilson added roughly 47% to holdings in American Airlines and Hertz Global Holdings. In descending order of percentage changes, positions were also increased in :Delta Air Lines, Micron Technology, JetBlue Airways, Spark Networks, Avis Budget Group, Howard Hughes, and Goldman Sachs.
Its possible that Tilson feels confident that falling oil prices will have a positive impact on both airlines and rental car companies.
Whitney Tilson: Decreased Positions
Tilson continued to sell off American International Group which represented the largest percentage of the fund’s portfolio just six quarter ago. The fund reduced it’s holdings in AIG by 15.95% selling 11,750 shares. The largest single share reduction was in Berkshire Hathaway CL B where Tilson reduced its position by 23.98% with the sale of 7,465 shares. The last position reduction was in Air Products & Chemicals with the sale of 5,230 shares reducing the fund’s position by 16.92%.