Parsad Posted February 14, 2011 Share Posted February 14, 2011 Here is Fairfax's recent 13F: http://www.sec.gov/Archives/edgar/data/915191/000095012311013427/o68556ae13fvhr.txt Just like Sam said at last year's AGM. They really like Sandridge and loaded up big time. Cheers! Link to comment Share on other sites More sharing options...
valuecfa Posted February 14, 2011 Share Posted February 14, 2011 Here is Fairfax's recent 13F: http://www.sec.gov/Archives/edgar/data/915191/000095012311013427/o68556ae13fvhr.txt Just like Sam said at last year's AGM. They really like Sandridge and loaded up big time. Cheers! Ahh, the warm fuzzy feeling of confirmation bias. :D Link to comment Share on other sites More sharing options...
Nnejad Posted February 14, 2011 Share Posted February 14, 2011 Anyone want to take a stab at why they hold so many insignificant stakes in so many companies? Link to comment Share on other sites More sharing options...
Parsad Posted February 14, 2011 Author Share Posted February 14, 2011 Ahh, the warm fuzzy feeling of confirmation bias. It would be if we actually bought some, but we never did. We didn't understand it well enough...thus never touched it. Cheers! Link to comment Share on other sites More sharing options...
Parsad Posted February 14, 2011 Author Share Posted February 14, 2011 Anyone want to take a stab at why they hold so many insignificant stakes in so many companies? They buy through their various subs, so some portfolios are signficantly smaller than others. That small position, may actually be fairly significant within the subs portfolio. Also, some positions are testing the waters and nibbling, but the price may never have gotten to a point where they loaded up. Cheers! Link to comment Share on other sites More sharing options...
valuecfa Posted February 14, 2011 Share Posted February 14, 2011 Ahh, the warm fuzzy feeling of confirmation bias. It would be if we actually bought some, but we never did. We didn't understand it well enough...thus never touched it. Cheers! l was referring to my own emotions. ;D Link to comment Share on other sites More sharing options...
omagh Posted February 14, 2011 Share Posted February 14, 2011 I've never understood nibbling. Why not just have a watch list and make the investment decision separately? Peter Lynch was the ultimate nibbler with ~1400 stocks in his portfolios. -O Anyone want to take a stab at why they hold so many insignificant stakes in so many companies? They buy through their various subs, so some portfolios are signficantly smaller than others. That small position, may actually be fairly significant within the subs portfolio. Also, some positions are testing the waters and nibbling, but the price may never have gotten to a point where they loaded up. Cheers! Link to comment Share on other sites More sharing options...
rijk Posted February 14, 2011 Share Posted February 14, 2011 looks like the increase of 16 million shares inlcudes conversion of pfd to common (approx 9 million shares)? the other additional 7 million shares were all purchased in Nov last year at approx $5.15 http://www.dataroma.com/m/ins/ins.php?t=y&rid=915191 it seems that there was some luck invloved with this investment as fairfax started buying in 2008 when SD was still a natural gas company and the Arena acquisition was still unknown...... without Arena, there's a good probability that SD would not have survived.... http://www.gurufocus.com/StockBuy.php?symbol=sd&rec=1 regards rijk Link to comment Share on other sites More sharing options...
Myth465 Posted February 14, 2011 Share Posted February 14, 2011 looks like the increase of 16 million shares inlcudes conversion of pfd to common (approx 9 million shares)? the other additional 7 million shares were all purchased in Nov last year at approx $5.15 http://www.dataroma.com/m/ins/ins.php?t=y&rid=915191 it seems that there was some luck invloved with this investment as fairfax started buying in 2008 when SD was still a natural gas company and the Arena acquisition was still unknown...... without Arena, there's a good probability that SD would not have survived.... http://www.gurufocus.com/StockBuy.php?symbol=sd&rec=1 regards rijk I agree been saying that for a few months. They really loaded up when it tanked due to arbitrage on the acquisitions. Its been nice holding SD and I think its worth quite a bit more though not sure how much. Interesting times. Link to comment Share on other sites More sharing options...
Uccmal Posted February 14, 2011 Share Posted February 14, 2011 So, how much ABH and Rimm is not reported on the 13F? NB must hold some as well that is not listed. Link to comment Share on other sites More sharing options...
Guest longinvestor Posted February 14, 2011 Share Posted February 14, 2011 Their second highest holding after JNJ is Level(3): $317M. Are they holding more notes than what's reported here? Link to comment Share on other sites More sharing options...
Parsad Posted February 15, 2011 Author Share Posted February 15, 2011 Looks like they've added another 300,000 shares of Overstock.com. Cheers! http://www.sec.gov/Archives/edgar/data/915191/000095012311013863/o68572bsc13gza.htm Link to comment Share on other sites More sharing options...
valuecfa Posted February 15, 2011 Share Posted February 15, 2011 Looks like they've added another 300,000 shares of Overstock.com. Cheers! http://www.sec.gov/Archives/edgar/data/915191/000095012311013863/o68572bsc13gza.htm Both the sep. 30 and dec 31 13-Fs show the same number of shares and converts. The latest SC 13G/A i believe is just the annual update (from the 45 day window of the calendar year end) and not reflective of a change in ownership. The updated SC13G/A appears to include some of the converts according to the filing. Link to comment Share on other sites More sharing options...
Parsad Posted February 15, 2011 Author Share Posted February 15, 2011 The 13G/A shows 3,672,822 in common stock ownership. The 13-F shows 3,388,774 of common stock. Value, I don't see any notation that some of the convertibles are included in the 13G/A. Cheers! Link to comment Share on other sites More sharing options...
valuecfa Posted February 15, 2011 Share Posted February 15, 2011 The 13G/A shows 3,672,822 in common stock ownership. The 13-F shows 3,388,774 of common stock. Value, I don't see any notation that some of the convertibles are included in the 13G/A. Cheers! In the ownership section is where it mentions the converts. Shares reported as beneficially owned include Shares issuable upon conversion of certain convertible debt securities of Overstock. Also if you look at the "Date of Event which Requires Filing of this Statement", it shows December 31st, 2010, which is the same reporting date as the last 13-F. The date of event and being that it is day 45 of the calendar year, i think it is just their annual 13-G filing and not the typical change in ownership 13-G filing. Link to comment Share on other sites More sharing options...
Parsad Posted February 15, 2011 Author Share Posted February 15, 2011 Yup, thanks you are correct. Cheers! Link to comment Share on other sites More sharing options...
valuecfa Posted February 15, 2011 Share Posted February 15, 2011 no problem. I've gotten many a headache trying to reconcile form 4s, 13Gs or Ds, and 13Fs. Sometimes one of them shows one thing while the other shows something other figure for various reasons. Link to comment Share on other sites More sharing options...
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