rkbabang Posted January 1, 2013 Posted January 1, 2013 I had a roller coaster year. I was down almost 20% at one point and I finished up 9.4%. I should have invested in BAC earlier. I spent months making the decision while my portfolio was plumiting the whole time. In retrospect I should have moved most of it to cash while doing my research.
alertmeipp Posted January 1, 2013 Posted January 1, 2013 not a good year at all because of couple leveraged picks
Shane Posted January 1, 2013 Posted January 1, 2013 I'm up quite a bit this year, 20% of my portfolio was in BAC A warrants at $2.55.
bennycx Posted January 1, 2013 Posted January 1, 2013 Lucky year! 50% of my portfolio in BAC and BAC warrants, the other 50% in Dell.
Packer16 Posted January 1, 2013 Posted January 1, 2013 Up about 64% this year with a tailwind going into year-end. Some of it may be taken away next year. We will see. I made a mistake of purchasing Freddie Mac pfds before the nationalization announcement. The 10-yr returns are about 27% with mistakes which I find incredible. Packer
writser Posted January 1, 2013 Posted January 1, 2013 Up about 64% this year with a tailwind going into year-end. Some of it may be taken away next year. We will see. I made a mistake of purchasing Freddie Mac pfds before the nationalization announcement. The 10-yr returns are about 27% with mistakes which I find incredible. Packer Very impressive. This year I am up 26%. Pretty happy with that. Especially given that I have quite a diversified portfolio because I'm not yet convinced about my own capabilities to beat the market. Hope to continue learning a lot next year, I really appreciate your insights on this forum.
Shane Posted January 1, 2013 Posted January 1, 2013 Packer - Mind sharing your portfolio? I'm just curious
LC Posted January 1, 2013 Posted January 1, 2013 Up about 17% for the year. INTCs drop caused the largest loss, BAC WS-A caused the largest gains. Hopefully next year I can learn from the wisdom of my fellow board members and not repeat the same mistakes I made, while compounding on the opportunities presented!
Packer16 Posted January 1, 2013 Posted January 1, 2013 WOLF was a buy-out earlier this year also with selling LNET before the collapse and FRE after the collapse and 100% losses in EXC and NRG LEAPs. I have added some of these during the year. My current top 10 include: TVL, SALM, ATSG, AIQ, GTN, SD, BAC, BAC-WTA, FFH, GM-WTB and RNK.TO. Packer
racemize Posted January 1, 2013 Posted January 1, 2013 Ended up with YTD IRR of 51.15%, based on an underlying gain of 40.9%. My IRR since starting (October 2010) is 40.89%. ~400k AUM right now.
Hielko Posted January 1, 2013 Posted January 1, 2013 Up ~20% this year. Think I would describe my portfolio as something between quite diversified and concentrated. I don't have positions that make up 20%+ of my portfolio, but with around 20/30 positions every single position could impact returns in a meaningful way. The biggest contributor to my performance was SALM (+100%), think Packer16 recognizes the name ;)
enoch01 Posted January 1, 2013 Posted January 1, 2013 +48% Biggest drag: DIMEQ - beware when payoffs depend entirely on court decisions, especially as a passive minority investor Biggest lift: BAC - nothing to add that hasn't been said already
alwaysinvert Posted January 1, 2013 Posted January 1, 2013 +8%. First year of underperformance since starting up in 08. Made some blunders that I think I have learned from, but mostly I couldn't find all that many cheap stocks domestically, so that's why I have widened my search. It's a slower process finding good stocks abroad, though. I think this has been the year when I have made the furthest progress in thinking and process so it's not all bad. My CAGR since 08 is 17.6%. But considering how clueless I have been for most of that time you have to put the bulk of that overperformance down to luck. I'd be ecstatic if I could keep making those kinds of returns, obviously.
Myth465 Posted January 1, 2013 Posted January 1, 2013 Price went down, value went up ??? I tell myself that too as well. LOL
onyx1 Posted January 2, 2013 Posted January 2, 2013 +37% before taxes, a monster year for me. Following a +2% year in 2011, I maintained 100% long throughout 2012 in eight positions plus a basket of uncorrelated special situations. Started year with no single position over 20% of portfolio. I am a full time investor. Some highlights (and lowlights): BAC and BAC A warrants (I added more three times during the year): +109%, +66%, +54%, +45% BBSI +93%: Bought this owner-operated California PEO in 2009. Owner died last year and the company bought back all his family's shares in one transaction equal to 30% of outstanding. This is now a 4-bagger vs. my average cost. RJET +65%: Good management and restructuring efforts have keep costs down and business competitive. Several catalysts in 2013. Expects to generate $1.20 cash in 2013 vs. a year end close of $5.68. WFC +27% BRK +17% WRB +13% Uncorrelated basket: +12% MSFT 0% PNCL -96%: a painful and humbling goose egg. My only good decision here was to avoid making this a big position. In future, I will stay away from businesses with one customer and be more sensitive to the potential for deceitful actors.
constructive Posted January 2, 2013 Posted January 2, 2013 +33.7% Top 10 holdings: GNW (biggest winner), AAPL, INTC (biggest loser), BRK-B, SYA, TEVA, GLW, F, CYD, EMC. Currently 125% long, 33% short. Other contributors: VQ, PPP, C. My timing was above average, raised some cash going into Q2 and redeployed it going into Q3. Have been actively investing since 2007. 2012 felt like a breakthrough in my thinking about investments, especially portfolio structure.
SharperDingaan Posted January 2, 2013 Posted January 2, 2013 +3%. Lower than normal as we took significant year over year losses on FBK, & pulled 1/2 our capital out following the buyout. We also put 75% of the remaining capital into cash from mid November onward. All told, a very good result. We reinvested in 3 exceptional buys mid month, & fully expect that 2013-2016 are more than likely to make up for this years result.
Martian Posted January 2, 2013 Posted January 2, 2013 +30% with a concentrated portfolio and min 30% in cash all the time.. Thanks to everybody on this board..
ERICOPOLY Posted January 2, 2013 Posted January 2, 2013 +200% in 2012 mostly leveraged BAC, some leveraged AIG.
twacowfca Posted January 2, 2013 Posted January 2, 2013 +200% in 2012 mostly leveraged BAC, some leveraged AIG. Awesome! The result of hanging tough in a deep value situation. Congratulations.
twacowfca Posted January 2, 2013 Posted January 2, 2013 +20% unleveraged; +25% with non recourse leverage. :) Entirely from Lancashire and Berkshire. :) Smaller positions and hedging barely broke even.
locatevalue Posted January 2, 2013 Posted January 2, 2013 +74.23% in 2012 , very focused portfolio with BAC common warrants and couple of special situations in wireless stocks
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