Parsad Posted February 15, 2013 Share Posted February 15, 2013 Francis has sold off about 80% of his BAC warrants, doubled down on DELL, added MBIA and eliminated Office Depot. Cheers! http://www.sec.gov/Archives/edgar/data/1389403/000114420413008799/v335242_13fhr.txt Link to comment Share on other sites More sharing options...
mhdousa Posted February 15, 2013 Share Posted February 15, 2013 Francis has sold off about 80% of his BAC warrants, doubled down on DELL, added MBIA and eliminated Office Depot. Cheers! http://www.sec.gov/Archives/edgar/data/1389403/000114420413008799/v335242_13fhr.txt Interesting. In his US fund, he still owns quite a few BAC warrants. Sanj, any thoughts as to why the difference? Top Holdings As of December 31, 2012 Top 10 Holdings percentage of assets Overstock.com Inc. 30.4% Resolute Forest Products Inc. 15.8% MannKind Corp. 10.5% Sears Holdings Corp. 8.9% Bank of America warrants 8.7% UTStarcom Holdings 7.3% MBIA Inc. 5.7% JPMorgan Chase warrants 5.3% ASTA Funding Inc. 3.6% Wells Fargo warrants 1.9% Link to comment Share on other sites More sharing options...
MrB Posted February 15, 2013 Share Posted February 15, 2013 Francis has sold off about 80% of his BAC warrants, doubled down on DELL, added MBIA and eliminated Office Depot. Cheers! http://www.sec.gov/Archives/edgar/data/1389403/000114420413008799/v335242_13fhr.txt Interesting. In his US fund, he still owns quite a few BAC warrants. Sanj, any thoughts as to why the difference? Top Holdings As of December 31, 2012 Top 10 Holdings percentage of assets Overstock.com Inc. 30.4% Resolute Forest Products Inc. 15.8% MannKind Corp. 10.5% Sears Holdings Corp. 8.9% Bank of America warrants 8.7% UTStarcom Holdings 7.3% MBIA Inc. 5.7% JPMorgan Chase warrants 5.3% ASTA Funding Inc. 3.6% Wells Fargo warrants 1.9% different rules apply. Link to comment Share on other sites More sharing options...
MrB Posted February 15, 2013 Share Posted February 15, 2013 I posted this on the BAC thread, but it might be worth repeating here. Weighting in a fund is based on cost. To illustrate; for a fund of $100 I can put $10 into a stock, which with a share price of $1 means I can buy 10 shares for my fund. If the share tanks to 50 cents then I cannot add to my position. However, what I can do is sell my shares and buy back the position 30 days later, thereby establishing a new cost base, and in this case I can now buy 20 shares. So it if he is selling only in one place and not the other and his cost base is materially higher in the place he is selling then it is a safe bet to assume, that is what is happening. So, selling to buy more. Link to comment Share on other sites More sharing options...
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