Whitney Tilson Buys MagicJack, Hertz, SodaStream, Micron

Whitney Tilson Buys MagicJack, Hertz, SodaStream, Micron
Whitney Tilson

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.

Gates Capital Management Reduces Risk After Rare Down Year [Exclusive]

Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced a 12.6% annualised return over the past 26 years. The funds added 7.7% overall in the second half of 2022, outperforming the 3.4% return for 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%.

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala.
Previous article Is A Stealth Bull Market Developing in Gold?
Next article Planck Telescope: First Stars Younger Than Thought

No posts to display