13F Season and New or Outlier Positions

[schin]

12 hours ago, hardcorevalue said:

Howard Marks is a marketer and (one of the best out there)

 

 

He is a good communicator.... but I would not put him in the same vain as Ray Dalio or Jim Cramer. I like Howard Marks.

 

But, he's a bond investor, so his equity analysis is not his wheelhouse.... or what made him famous.

[ValueArb]

Howard Marks is now "buying" football teams! Who said value is boring?

 

Quote

Oaktree Capital Management took ownership of Italy’s Inter Milan, one of the most storied football clubs in Europe, after its Chinese owner defaulted on a loan.

The US fund has taken control of the club as of Wednesday after conglomerate Suning Holding Group Co. failed to repay €395 million ($428 million), Oaktree said in an emailed statement. The collateral backing the debt was a majority stake in the football club.

 

https://www.bloomberg.com/news/articles/2024-05-22/oaktree-says-it-has-taken-ownership-of-inter-milan-football-club

[Gamecock-YT]

Both the big Milan football clubs owned by financial companies that took them over via debts defaulting is quite the story. 

[DooDiligence]

My favorite defender played at AC his entire career. Who was it (no Googling)?

[Baklava]

Paolo Maldini 

Edited May 22, 2024 by Baklava

[DooDiligence]

2 minutes ago, Baklava said:

Paolo Maldini 

 

Vincitore, vincitore, cena di pollo!

[John Hjorth]

2 hours ago, Gamecock-YT said:

Both the big Milan football clubs owned by financial companies that took them over via debts defaulting is quite the story. 

 

It would look great on a business card  :

 

business card English [UK] version [small print, below name, next to "CEO" <or whatever>, "football club owner, by default",

business card English [US] version [small print, below name, next to "CEO" <or whatever>, "soccer club owner, by default".

 

 [J/K]

 

1 hour ago, DooDiligence said:

 

Vincitore, vincitore, cena di pollo!

 

¿Eh? 

 

[ValueArb]

19 hours ago, John Hjorth said:

 

It would look great on a business card  :

 

business card English [UK] version [small print, below name, next to "CEO" <or whatever>, "football club owner, by default",

business card English [US] version [small print, below name, next to "CEO" <or whatever>, "soccer club owner, by default".

 

 [J/K]

 

 

¿Eh? 

 

 

Howard Marks

CEO, Inter Milan

Vincitore, vincitore, per defaltam

 

[Spooky]

23 hours ago, DooDiligence said:

 

Vincitore, vincitore, cena di pollo!

 

That AC Milan team with Maldini was so classy.

[yesman182]

On 2/15/2024 at 10:54 AM, gfp said:

I'm pretty impressed with Guy Spier lately.  He basically hasn't made a trade (that is reportable in a 13F at least) since Q2 2021.

 

https://www.dataroma.com/m/m_activity.php?m=aq&typ=a

 

https://www.dataroma.com/m/holdings.php?m=aq

https://dataroma.com/m/holdings.php?m=aq

 

Looks like he is long coal now. 

[Luke]

On 7/16/2024 at 4:09 PM, yesman182 said:

https://dataroma.com/m/holdings.php?m=aq

 

Looks like he is long coal now. 

COAAAAAAAAAAAAAAAALLLLLL #coaltwitter

[Luke]

Guy buying the dip on Coal is a good sign, but probably just his dividends reinvested so not much more

[Whensthepaintdry?]

Greenhaven continues to add to Arrow as a large owner. Arrow I would say is a cannibal. 

[Saluki]

https://www.dataroma.com/m/stock.php?sym=VAL#google_vignette

 

Pabrai and Third Avenue bought Valaris.

 

I hate the offshore drilling stuff, but who knows. 

[Luke]

52 minutes ago, Saluki said:

https://www.dataroma.com/m/stock.php?sym=VAL#google_vignette

 

Pabrai and Third Avenue bought Valaris.

 

I hate the offshore drilling stuff, but who knows. 

Yeah saw that, very interesting...

[Munger_Disciple]

1 hour ago, Saluki said:

https://www.dataroma.com/m/stock.php?sym=VAL#google_vignette

 

Pabrai and Third Avenue bought Valaris.

 

I hate the offshore drilling stuff, but who knows. 

 

I don't know why people care so much about what Pabrai buys. I guess he got off the coal wagon & jumped onto the drilling wagon. 

[Saluki]

10 minutes ago, Munger_Disciple said:

 

I don't know why people care so much about what Pabrai buys. I guess he got off the coal wagon & jumped onto the drilling wagon. 

 

VALARIS caught my eye because I've been hearing about it for years. A friend of mine had a big position before it went bankrupt, and now he has warrants that his common was converted into. Then Kuppy was talking up his book on this after bankruptcy a while back. 

 

I don't know. This stuff doesn't have the same scrap value because a ship is just steel, but offshore stuff is tech with deteriotes quickly. And if you warm stack this stuff, it might cost like $80k a day when you aren't using it (that's what it costs SFL to maintain Hercules) but want it ready to deploy at any time.  If you cold stack it it's cheaper but it takes more time to deploy and the majors might be put off by it because when it's not in use and there is minimal maintenence it becomes a huge safety issue. 

 

Feels like it's too hard and your outcome depends on what happens with oil.  If anyone has thought harder about it and wants to chime in, feel free to chime in here or on the Valaris post, but probably too hard pile for me. 

[Munger_Disciple]

19 minutes ago, Saluki said:

 

VALARIS caught my eye because I've been hearing about it for years. A friend of mine had a big position before it went bankrupt, and now he has warrants that his common was converted into. Then Kuppy was talking up his book on this after bankruptcy a while back. 

 

I don't know. This stuff doesn't have the same scrap value because a ship is just steel, but offshore stuff is tech with deteriotes quickly. And if you warm stack this stuff, it might cost like $80k a day when you aren't using it (that's what it costs SFL to maintain Hercules) but want it ready to deploy at any time.  If you cold stack it it's cheaper but it takes more time to deploy and the majors might be put off by it because when it's not in use and there is minimal maintenence it becomes a huge safety issue. 

 

Feels like it's too hard and your outcome depends on what happens with oil.  If anyone has thought harder about it and wants to chime in, feel free to chime in here or on the Valaris post, but probably too hard pile for me. 

 

Fair enough. I also put oil services companies into my too hard pile; too many variables outside a passive investor's control.

[NnnnotSoSmart]

Baupost (Klarman) increases GOOG position by 46% in Q1 2025:

 

https://dataroma.com/m/holdings.php?m=BAUPOST

 

He's added while many reduced and/or eliminated their Alphabet position.

[Saluki]

1 hour ago, Munger_Disciple said:

 

Fair enough. I also put oil services companies into my too hard pile; too many variables outside a passive investor's control.

 

David Einhorn and Samantha Maclemore bought Seadrill this quarter.  Oil is in the dumps and the offshore stuff is usually the last to go up. Am I missing something? 

[sleepydragon]

Francis Chou add massively to SIRI. Second largest position

[Hektor]

52 minutes ago, sleepydragon said:

Francis Chou add massively to SIRI. Second largest position

And BABA too.

[MungerWunger]

Bill & Melinda Gates Foundation trimmed Berkshire

[gfp]

4 minutes ago, MungerWunger said:

Bill & Melinda Gates Foundation trimmed Berkshire

 

if you look at their history (“activity”) you will see that they have sold uniform amounts of Berkshire every day each quarter since the gifting began. It isn’t really a judgement call by Michael Larsen.

[Spekulatius]

9 hours ago, Luke said:

Yeah saw that, very interesting...

I found their cement buy 5233 more interesting.