What are you buying today?

[Ulti]

su, bti

[Red Lion]

Bought some GNL preferred shares and an ALX tracker position. 

[Lance]

Added to ALX, AMCR, BTI, CME, MMM, PM and VZ

 

Thanks

Lance

[Lance]

Added to TPL

 

Thanks

Lance

[Luke]

Reduced my TSMC position significantly. Still meaningful, but i was pretty overweight before, bought some Exor and BN with it. 

Edited May 25, 2023 by Luca

[Malmqky]

A good chunk of MSGE at ~$35ish...looking into Tencent/Prosus.

[Red Lion]

Started new positions in EPD and SU. These are both about half of my current full size position, but larger than my normal starter positions because I know I'm going to have an extra K1 to deal with at tax time, and I'm honestly trying to put some money to work. 

 

These are both names that have been in my periphery for years, but I haven't quite pulled the trigger. At this point I have a lot of exposure to alternative asset managers, real estate, a big GOOGL position, and large T-bill position. Counting just my liquid net worth in taxable accounts, even after my recent purchases I'm still sitting on 40% cash and T-bills. 

 

Ultimately I think I'm going to need to increase my position sizing, and revisit the issue of concentrating my portfolio more. 

 

Edit 

 

Also added to PM in my taxable account. This is my largest holding in 401k. 

Edited May 26, 2023 by RedLion

[Gregmal]

3 hours ago, Malmqky said:

A good chunk of MSGE at ~$35ish...looking into Tencent/Prosus.

An analyst report from Goldman citing “valuation” on MSGE….can think of a few things but valuation certainly ain’t one. The book report writers never cease to amaze.

[Malmqky]

37 minutes ago, Gregmal said:

An analyst report from Goldman citing “valuation” on MSGE….can think of a few things but valuation certainly ain’t one. The book report writers never cease to amaze.

 

Whoops, better sell my entire position!

 

Didn't realize the Garden's true value is only $800m or whatever everything else they own is worthless! Good thing Goldman is here to set me straight with their superior intellect and unbiased opinion!

[cubsfan]

1 hour ago, Gregmal said:

An analyst report from Goldman citing “valuation” on MSGE….can think of a few things but valuation certainly ain’t one. The book report writers never cease to amaze.

Didn’t Goldman get their cut of investment banking fees??

[Castanza]

Added a slug of MSGE as well. Small add to GENGF as well

[Gregmal]

Just now, cubsfan said:

Didn’t Goldman get their cut of investment banking fees??

They have a $40 target, but none of it makes sense. I continue to be a very happy camper as there remains plenty of opportunity to buy world class assets because folks manufacture a consensus idea that they should not trade for what they’re worth. Garden should trade for a fraction of its replacement cost, St Joe should trade on an earnings multiple, AIV does development so the assets aren’t worth what they’re worth, Nintendo will never be sold so you can’t put a value on its IP….on and on.

Anyhow, FRPH is another one that fits the bill; I’ve been adding a bunch to lately.

[sleepydragon]

Bought some UBS today 

[Luke]

Sold my Tencent position and added proceeds to Prosus+extra Prosus

[Malmqky]

Trying to buy more MSGE, limit order not filled yet..

 

Bought starters in MO, BTI, PM. Welcome to hearing any suggestions regarding additions to this tobacco basket, please and thank you.

Edited May 30, 2023 by Malmqky

[pcech]

7 minutes ago, Malmqky said:

Bought starters in MO, BTI, PM. Welcome to hearing any suggestions regarding additions to this tobacco basket, please and thank you.

You might want to have a look at Japan Tobacco

[Dave86ch]

Added to 9988 BABA

[Luke]

Starter in Investor AB

[Spekulatius]

36 minutes ago, Luca said:

Starter in Investor AB

Going all in on European Holdcos. I see. Sofina could be interesting for you  - it’s a bit like a publicly traded VC fund. I am not sure how good they are though:

 

[Luke]

2 minutes ago, Spekulatius said:

Going all in on European Holdcos. I see. Sofina could be interesting for you  - it’s a bit like a publicly traded VC fund. I am not sure how good they are though:

 

Thanks for recommending!

[Red Lion]

Added OWL under $10. 

[Saluki]

added a few shares of JOE on the dip. I'd like to see a 3 in front of the price before I buy in size, but I don't have any new ideas, and among my existing holdings, I think even at a not-cheap price it will be higher in 5 years.  

 

I like FFH at these prices, but when I look at that (my 4th biggest holding) and add it to BRK (my biggest), I feel like I might be overweight on insurance/financials.  Still, it's well run and management has integrity, so maybe I'm overthinking it. 

[Saluki]

Bought a little more Scorpio Tankers.  

[Santayana]

SPY puts 2 years out.   Don't think it will take much to pop VIX back above 20 even if just for a minute.

[nwoodman]

Nintendo 7974.T.  Close to fully priced but their execution is blowing me away.  Totally irrational but it has similar vibes to me as buying Apple in 2014.