[Alternatives to 13F filings - Where else does holdings data come from?]

The only thing I know that may be of use is that Guy Spier does not, and has not ever, filed a US 13F for his Aquamarine Fund. Dataroma et al are able to report on his holdings by obtaining a copy of his annual report.

 

So I guess one way would be to look at individual fund / manager / company reports or information other than 13F's. I do this for a few small European value investors.

 

I'd be interested to hear if anyone else has any other advice / tips though...?

 

Guy Spier does file 13Fs: https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001404599&action=getcompany

 

However, not really sure where Dataroma is reporting the Tweedy Browne Value Fund from. Dataroma seems to also include Mutual Fund reports. Maybe the Tweedy Browne data is from that?

 

Thanks jondoug

[Alternatives to 13F filings - Where else does holdings data come from?]

That Voodooking,

 

Yeah I guess the title of this post says 13Fs, but really there are many more filings than that. I see annual reports and other documents filed on the SECs site, but again, nothing that has the latest Dataroma updates.

 

 

But good point on foreign investors not reporting with SEC.

[Alternatives to 13F filings - Where else does holdings data come from?]

This may be a dumb question, but after searching and finding no answer I figured I'd ask...

 

Where else do sites like Dataroma scrape their information from besides SEC filings?

 

For example, as of right now the latest update is for Tweedy Browne Value Fund: http://www.dataroma.com/m/holdings.php?m=TWEBX

Dataroma shows update as of 12-31-17. It shows sells of Kia, BRKb, SHPG, and PM.

 

But the latest SEC filing I see for the company was December 2nd: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=S000001301&owner=include&scd=filings&count=40 which does not include the latest portfolio changes per dataroma.

 

I'm just curious what I am missing anything here. Where is dataroma getting their data? Tweedy Browne website does not provide any extra info from what I can see.

[Well Run Banks]

Towne bank (ticker TOWN) is a favorite of mine. I owned Monarch Bank (MNRK) for years, towne purchased them over a year ago and I have held on since much of Monarch's management stayed on. Conservatively ran (NPA around 0.2% if I remember right off the top of my head), great record of dividend increases, profitable through 08/09, and inherited a great mortgage business from Monarch. Company gets about 40-45% of revenue from non-interest sources currently, but should be lower if/when yield curve gets back to normal.

 

Ceo has a successful history with 2 other banks that were both purchased and gave shareholders great returns.

 

I know you make it to MKL shareholder meetings, this is just an extra hour and a half south and usually includes a good lunch and talks from management. I wouldn't say shareholder letters are anything amazing though.

$2 billion market cap.

 

Maybe obvious disclosure, but I own TOWN so every comment above is pretty biased!

["A Value Opportunity in Preferred Stocks"]

Both issues are down $70-$90 from highs as rates have risen. Back under $1300 conversion value (though since that is likely a ways off, I doubt it would matter much in long term total returns).

 

I have been close to pulling the trigger on these for a while. Thinking a little harder now.

[Allan Mecham 2016 letter]

Thank you for posting!

 

I love this line:

 

"Beating the market by 4% is a tall task, though a recent article stating that 60% of millennials trade on Trump tweets bolsters our confidence that we've got a fighting chance."