Saluki Posted February 14 Share Posted February 14 I'm sure everyone enjoys today because in addition to being Valentines Day, it's also when the 13Fs are due. Has anyone noticed any big adds, or new names that aren't usually on the radar? I'll start: Pat Dorsey, who runs a concentrated portfolio with 9 positions, just added a 9% position in Danaher this quarter. https://www.dataroma.com/m/holdings.php?m=DA (He trimmed Meta, Alphabet and Smartsheet) Link to comment Share on other sites More sharing options...
Gmthebeau Posted February 15 Share Posted February 15 9 hours ago, Saluki said: I'm sure everyone enjoys today because in addition to being Valentines Day, it's also when the 13Fs are due. Has anyone noticed any big adds, or new names that aren't usually on the radar? I'll start: Pat Dorsey, who runs a concentrated portfolio with 9 positions, just added a 9% position in Danaher this quarter. https://www.dataroma.com/m/holdings.php?m=DA (He trimmed Meta, Alphabet and Smartsheet) howard marks bought BABA and JD which is interesting stanley drunkenmiller sold AMZN and GOOGL completely and started selling NVDA david tepper bought calls on ARKK tom Russo bought UBER Link to comment Share on other sites More sharing options...
Gamecock-YT Posted February 15 Share Posted February 15 is howard marks anything more than a talking head these days? Link to comment Share on other sites More sharing options...
Gmthebeau Posted February 15 Share Posted February 15 16 minutes ago, Gamecock-YT said: is howard marks anything more than a talking head these days? I don’t know. I could see how people might think that. He is definitely a value investor, who likes special situations, bankruptcies etc. he last owned BABA and sold out in Q3 of 2020 which is when it peaked. I find it interesting and I hate China Link to comment Share on other sites More sharing options...
RedLion Posted February 15 Share Posted February 15 3 hours ago, Gmthebeau said: I don’t know. I could see how people might think that. He is definitely a value investor, who likes special situations, bankruptcies etc. he last owned BABA and sold out in Q3 of 2020 which is when it peaked. I find it interesting and I hate China Which fund is this, or personal? And is this a just an insignificant equity position when most of his allocations are in debt? These aren't rhetorical questions, but I find that sometimes following very intelligent, scholarly investors yields subpar results. I personally haven't found many actionable results from Marks' ivory tower, but that's not to say it's not likely and possible. Link to comment Share on other sites More sharing options...
Sweet Posted February 15 Share Posted February 15 (edited) I don’t know why all these hedge fund guys love China so much. Yes there are stocks that look appealing there but the country is run by Xi and your investments are at risk to his whims. Some will say the same kind of risks exist in the West, in some ways yes, but there is a strong rule of law that’s a pain in an ass to change with adversarial politics and journalism. You don’t have those protections in China. Your beloved CEO could disappear of the face of the earth. I could never understand why Warren and Charlie invested there, always felt it was hypocritical and in contradiction to some of the other values they espouse because when you buy China you’re partnering with the CCP whether you want to admit it or not. What have Charlie and Warren said repeatedly for years about picking partners? Edited February 15 by Sweet Link to comment Share on other sites More sharing options...
Hektor Posted February 15 Share Posted February 15 5 hours ago, Sweet said: when you buy China you’re partnering with the CCP whether you want to admit it or not I guess the whole world is partnering with CCP, unless one can buy products that has zero Chinese made components. Link to comment Share on other sites More sharing options...
Castanza Posted February 15 Share Posted February 15 5 hours ago, Sweet said: I don’t know why all these hedge fund guys love China so much. Just enough mystery with just enough sprinkled in credibility, potential catalysts, and fomo that make it easy to sell to the masses. Link to comment Share on other sites More sharing options...
Gmthebeau Posted February 15 Share Posted February 15 (edited) The sentiment on China is so negative I have to take another look. Dont like it when everyone comes around to where I was 2-3 years ago. Nothing changes sentiment like price. Edited February 15 by Gmthebeau Link to comment Share on other sites More sharing options...
Sweet Posted February 15 Share Posted February 15 43 minutes ago, Hektor said: I guess the whole world is partnering with CCP, unless one can buy products that has zero Chinese made components. These things are not the same. Link to comment Share on other sites More sharing options...
hardcorevalue Posted February 15 Share Posted February 15 Howard Marks is a marketer and (one of the best out there) Link to comment Share on other sites More sharing options...
Gmthebeau Posted February 15 Share Posted February 15 Bought JD and BABA on the open today. Love the negative sentiment. Howard Marks is an idiot. China blows and going to zero. Link to comment Share on other sites More sharing options...
ValueArb Posted February 15 Share Posted February 15 I believe Burry bought BABA as well in his latest 13F. Link to comment Share on other sites More sharing options...
Saluki Posted February 15 Author Share Posted February 15 1 minute ago, ValueArb said: I believe Burry bought BABA as well in his latest 13F. I noticed that also. Big position for both Burry and Tepper. It's strange that Burry has bought (and sold) BABA before at these prices and not held on. So much churn in Burry's portfolio, that it's hard to decipher what the thinking is. Link to comment Share on other sites More sharing options...
Saluki Posted February 15 Author Share Posted February 15 Tiger Cub Stephen Mandel and Burry both have good sized positions in Square. DATAROMA Superinvestor Ownership It's trading at less than 2x sales and the restaurant checkout appears to be everywhere now, but it's down a lot from the high $200 price after the news articles came out about their Cashapp and lax anti-money laundering making it the preferred app for drug dealers, hookers and other con artists. Link to comment Share on other sites More sharing options...
ValueArb Posted February 15 Share Posted February 15 1 hour ago, Saluki said: I noticed that also. Big position for both Burry and Tepper. It's strange that Burry has bought (and sold) BABA before at these prices and not held on. So much churn in Burry's portfolio, that it's hard to decipher what the thinking is. Historically he's been extremely catalyst driven. During his salad days of crushing the market for half a decade before the Big Short, he'd identify some deep value position that was going to get uprated, or added to an index, fix a bleeding subsidiary, or pay out a large special dividend, etc, buy it and then flip it within 6 months or a year. But I don't know what the catalysts can be for positions like BABA, other than its cheap. Burry did come out of currency trading where it was all technical analysis into deep value investing and never entirely shed the idea he could predict some types of price action. So it might be something like he's seeing something that he believes indicates that the outflows from BABA are ending and expects it to get added back to some large fund portfolios. Link to comment Share on other sites More sharing options...
gfp Posted February 15 Share Posted February 15 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 Link to comment Share on other sites More sharing options...
LC Posted February 15 Share Posted February 15 2 minutes ago, gfp said: I'm pretty impressed with Guy Spier lately He's busy helping Mohnish install hardwood baseboards in his library Link to comment Share on other sites More sharing options...
gfp Posted February 15 Share Posted February 15 It could be a weekend at bernie's situation for all I know, but it has been a positive for his investment performance. Link to comment Share on other sites More sharing options...
John Hjorth Posted February 15 Share Posted February 15 17 minutes ago, gfp said: It could be a weekend at bernie's situation for all I know, but it has been a positive for his investment performance. Whose? [ ] Link to comment Share on other sites More sharing options...
Fly Posted February 15 Share Posted February 15 Icahn bought 10% of JBLU Link to comment Share on other sites More sharing options...
Sweet Posted February 15 Share Posted February 15 1 hour ago, 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 What his management fee lol? Link to comment Share on other sites More sharing options...
Gmthebeau Posted February 15 Share Posted February 15 2 hours ago, ValueArb said: But I don't know what the catalysts can be for positions like BABA, other than its cheap. Burry did come out of currency trading where it was all technical analysis into deep value investing and never entirely shed the idea he could predict some types of price action. So it might be something like he's seeing something that he believes indicates that the outflows from BABA are ending and expects it to get added back to some large fund portfolios. Exactly. Once there is nobody left to sell there are only people to buy. Everyone says they won't buy, but once price starts going up sentiment suddenly changes and people start buying. It's the reverse of Apple. There is nobody left to buy Apple only people to sell. Even with passive inflows Buffett just trimming a bit drives the price down. Link to comment Share on other sites More sharing options...
Ross812 Posted February 15 Share Posted February 15 Value Act had a big buy into EXPE during the quarter. Link to comment Share on other sites More sharing options...
Gmthebeau Posted February 15 Share Posted February 15 58 minutes ago, Ross812 said: Value Act had a big buy into EXPE during the quarter. This is interesting. I need to look into EXPE. ValueAct is very good. Link to comment Share on other sites More sharing options...
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