Q3 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SBAC | Sell | SBA COMMUNICATIONS CORP | $122,869,350 | -14.1% | 613,825 | -0.6% | 51.97% | -2.4% |
| EXPE | Sell | EXPEDIA GROUP INC | $9,732,385 | -8.1% | 94,425 | -2.5% | 4.12% | +4.4% |
| MTG | Sell | MGIC INVT CORP WIS | $9,726,098 | +2.7% | 582,750 | -2.9% | 4.11% | +16.6% |
| GOOG | Buy | ALPHABET INCcap stk cl c | $8,942,067 | -27.5% | 10,129,766 | +9830.2% | 3.78% | -17.7% |
| FB | Sell | META PLATFORMS INCcl a | $8,586,006 | -17.8% | 28,600 | -21.4% | 3.63% | -6.7% |
| IDCC | Sell | INTERDIGITAL INC | $7,910,781 | -19.4% | 98,589 | -3.0% | 3.35% | -8.5% |
| SIG | Sell | SIGNET JEWLERS LIMITED | $7,899,100 | +10.0% | 110,000 | -24.8% | 3.34% | +25.0% |
Q2 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SBAC | New | SBA COMMUNICATIONS CORP | $143,048,066 | – | 617,225 | – | 53.27% | – |
| GOOG | New | ALPHABET INCcap stk cl c | $12,340,150 | – | 102,010 | – | 4.60% | – |
| PBI | New | PITNEY BOWES INC | $11,521,663 | – | 3,254,707 | – | 4.29% | – |
| EXPE | New | EXPEDIA GROUP INC | $10,588,952 | – | 96,800 | – | 3.94% | – |
| FB | New | META PLATFORMS INCcl a | $10,446,072 | – | 36,400 | – | 3.89% | – |
| IDCC | New | INTERDIGITAL INC | $9,818,073 | – | 101,689 | – | 3.66% | – |
| MTG | New | MGIC INVT CORP WIS | $9,474,000 | – | 600,000 | – | 3.53% | – |
| CVS | New | CVS HEALTH CORP | $8,675,815 | – | 125,500 | – | 3.23% | – |
| RRC | New | RANGE RES CORP | $8,051,190 | – | 273,850 | – | 3.00% | – |
| VIAC | New | PARAMOUNT GLOBAL | $7,239,050 | – | 455,000 | – | 2.70% | – |
| SIG | New | SIGNET JEWLERS LIMITED | $7,178,600 | – | 146,250 | – | 2.67% | – |
| PYPL | New | PAYPAL HLDGS INC | $6,906,555 | – | 103,500 | – | 2.57% | – |
| HPQ | New | HP INC | $6,725,490 | – | 219,000 | – | 2.50% | – |
| WDC | New | WESTERN DIGITAL CORP | $5,547,263 | – | 146,250 | – | 2.07% | – |
| QRTEA | New | QURATE RETAIL INC | $4,056,779 | – | 4,098,585 | – | 1.51% | – |
| DISH | New | DISH NETWORK CORPORATIONcl a | $2,293,320 | – | 348,000 | – | 0.85% | – |
| BRKA | New | BERKSHIRE HATHAWAY INC DELcl a | $1,035,620 | – | 2 | – | 0.39% | – |
| MA | New | MASTERCARD INCcl a | $957,686 | – | 2,435 | – | 0.36% | – |
| BRKB | New | BERKSHIRE HATHAWAY INC DELcl b new | $668,360 | – | 1,960 | – | 0.25% | – |
| PM | New | PHILIP MORRIS INTL INC | $636,971 | – | 6,525 | – | 0.24% | – |
| V | New | VISA INC | $540,267 | – | 2,275 | – | 0.20% | – |
| JPM | New | JPMORGAN CHASE & CO | $327,240 | – | 2,250 | – | 0.12% | – |
| NFLX | New | NETFLIX INC | $220,245 | – | 500 | – | 0.08% | – |
| BFA | New | BROWN FORMAN CORPcl a | $196,042 | – | 2,880 | – | 0.07% | – |
| BFB | New | BROWN FORMAN CORPcl b | $38,399 | – | 575 | – | 0.01% | – |
Q4 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BFB | Exit | BROWN FORMAN CORPcl b | $0 | – | -575 | – | -0.01% | – |
| NFLX | Exit | NETFLIX INC | $0 | – | -366 | – | -0.03% | – |
| BFA | Exit | BROWN FORMAN CORPcl a | $0 | – | -2,880 | – | -0.07% | – |
| JPM | Exit | JPMORGAN CHASE & CO | $0 | – | -2,500 | – | -0.09% | – |
| V | Exit | VISA INC | $0 | – | -2,525 | – | -0.15% | – |
| PM | Exit | PHILIP MORRIS INTL INC | $0 | – | -6,775 | – | -0.19% | – |
| BRKB | Exit | BERKSHIRE HATHAWAY INC DELcl b new | $0 | – | -2,515 | – | -0.23% | – |
| MA | Exit | MASTERCARD INCcl a | $0 | – | -2,775 | – | -0.27% | – |
| BRKA | Exit | BERKSHIRE HATHAWAY INC DELcl a | $0 | – | -2 | – | -0.28% | – |
| CSCO | Exit | CISCO SYS INC | $0 | – | -83,000 | – | -1.13% | – |
| PBI | Exit | PITNEY BOWES INC | $0 | – | -1,810,000 | – | -1.43% | – |
| DISH | Exit | DISH NETWORK COPORATIONcl a | $0 | – | -348,000 | – | -1.64% | – |
| PYPL | Exit | PAYPAL HLDGS INC | $0 | – | -60,000 | – | -1.76% | – |
| WDC | Exit | WESTERN DIGITAL CORP | $0 | – | -161,350 | – | -1.78% | – |
| RTX | Exit | RAYTHEON TECHNOLOGIES CORP | $0 | – | -69,000 | – | -1.92% | – |
| IDCC | Exit | INTERDIGITAL INC | $0 | – | -151,869 | – | -2.08% | – |
| COP | Exit | CONOCOPHILLIPS | $0 | – | -60,000 | – | -2.09% | – |
| EXPE | Exit | EXPEDIA GROUP INC | $0 | – | -66,500 | – | -2.12% | – |
| VIAC | Exit | PARAMOUNT GLOBAL | $0 | – | -335,850 | – | -2.17% | – |
| FB | Exit | META PLATFORMS INCcl a | $0 | – | -47,500 | – | -2.19% | – |
| RRC | Exit | RANGE RES CORP | $0 | – | -284,500 | – | -2.44% | – |
| MTG | Exit | MGIC INVT CORP WIS | $0 | – | -600,000 | – | -2.61% | – |
| QRTEA | Exit | QURATE RETAIL INC | $0 | – | -3,953,130 | – | -2.70% | – |
| C | Exit | CITIGROUP INC | $0 | – | -192,000 | – | -2.72% | – |
| GOOG | Exit | ALPHABET INCcap stk cl c | $0 | – | -108,663 | – | -3.55% | – |
| CVS | Exit | CVS HEALTH CORP | $0 | – | -132,500 | – | -4.30% | – |
| SBAC | Exit | SBA COMMUNICATIONS CORP | $0 | – | -620,662 | – | -60.05% | – |
Q3 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CVS | Sell | CVS HEALTH CORP | $12,637,000 | -4.3% | 132,500 | -7.0% | 4.30% | +7.0% |
| GOOG | Buy | ALPHABET INCcap stk cl c | $10,453,000 | -19.2% | 108,663 | +1736.8% | 3.55% | -9.7% |
| QRTEA | Buy | QURATE RETAIL INC | $7,946,000 | +3.6% | 3,953,130 | +47.9% | 2.70% | +15.8% |
| FB | Buy | META PLATFORMS INCcl a | $6,445,000 | +1.8% | 47,500 | +10.5% | 2.19% | +13.8% |
| EXPE | Buy | EXPEDIA GROUP INC | $6,230,000 | +87.7% | 66,500 | +90.0% | 2.12% | +109.9% |
| IDCC | Sell | INTERDIGITAL INC | $6,131,000 | -41.3% | 151,869 | -11.5% | 2.08% | -34.3% |
| PYPL | Sell | PAYPAL HLDGS INC | $5,164,000 | -1.4% | 60,000 | -20.0% | 1.76% | +10.2% |
| DISH | Buy | DISH NETWORK COPORATIONcl a | $4,813,000 | -12.8% | 348,000 | +13.0% | 1.64% | -2.6% |
| PBI | Buy | PITNEY BOWES INC | $4,217,000 | -31.9% | 1,810,000 | +5.8% | 1.43% | -23.9% |
| NFLX | Buy | NETFLIX INC | $86,000 | +62.3% | 366 | +20.0% | 0.03% | +81.2% |
| BABA | Exit | ALIBABA GROUP HLDG LTDsponsored ads | $0 | – | -960 | – | -0.03% | – |
Q2 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SBAC | New | SBA COMMUNICATIONS CORP | $198,643,000 | – | 620,662 | – | 60.41% | – |
| CVS | New | CVS HEALTH CORP | $13,204,000 | – | 142,500 | – | 4.02% | – |
| GOOG | New | ALPHABET INCcap stk cl c | $12,941,000 | – | 5,916 | – | 3.94% | – |
| IDCC | New | INTERDIGITAL INC | $10,439,000 | – | 171,689 | – | 3.17% | – |
| C | New | CITIGROUP INC | $8,830,000 | – | 192,000 | – | 2.68% | – |
| VIAC | New | PARAMOUNT GLOBAL | $8,289,000 | – | 335,850 | – | 2.52% | – |
| QRTEA | New | QURATE RETAIL INC | $7,672,000 | – | 2,673,130 | – | 2.33% | – |
| MTG | New | MGIC INVT CORP WIS | $7,560,000 | – | 600,000 | – | 2.30% | – |
| WDC | New | WESTERN DIGITAL CORP | $7,233,000 | – | 161,350 | – | 2.20% | – |
| RRC | New | RANGE RES CORP | $7,041,000 | – | 284,500 | – | 2.14% | – |
| RTX | New | RAYTHEON TECHNOLOGIES CORP | $6,632,000 | – | 69,000 | – | 2.02% | – |
| FB | New | META PLATFORMS INCcl a | $6,334,000 | – | 43,000 | – | 1.93% | – |
| PBI | New | PITNEY BOWES INC | $6,190,000 | – | 1,710,000 | – | 1.88% | – |
| COP | New | CONOCOPHILLIPS | $5,989,000 | – | 60,000 | – | 1.82% | – |
| DISH | New | DISH NETWORK COPORATIONcl a | $5,522,000 | – | 308,000 | – | 1.68% | – |
| PYPL | New | PAYPAL HLDGS INC | $5,238,000 | – | 75,000 | – | 1.59% | – |
| CSCO | New | CISCO SYS INC | $3,539,000 | – | 83,000 | – | 1.08% | – |
| EXPE | New | EXPEDIA GROUP INC | $3,319,000 | – | 35,000 | – | 1.01% | – |
| MA | New | MASTERCARD INCcl a | $875,000 | – | 2,775 | – | 0.27% | – |
| BRKA | New | BERKSHIRE HATHAWAY INC DELcl a | $818,000 | – | 2 | – | 0.25% | – |
| BRKB | New | BERKSHIRE HATHAWAY INC DELcl b new | $687,000 | – | 2,515 | – | 0.21% | – |
| PM | New | PHILIP MORRIS INTL INC | $669,000 | – | 6,775 | – | 0.20% | – |
| V | New | VISA INC | $497,000 | – | 2,525 | – | 0.15% | – |
| JPM | New | JPMORGAN CHASE & CO | $282,000 | – | 2,500 | – | 0.09% | – |
| BFA | New | BROWN FORMAN CORPcl a | $195,000 | – | 2,880 | – | 0.06% | – |
| BABA | New | ALIBABA GROUP HLDG LTDsponsored ads | $109,000 | – | 960 | – | 0.03% | – |
| NFLX | New | NETFLIX INC | $53,000 | – | 305 | – | 0.02% | – |
| BFB | New | BROWN FORMAN CORPcl b | $40,000 | – | 575 | – | 0.01% | – |
Q4 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BFB | Exit | BROWN FORMAN CORPcl b | $0 | – | -600 | – | -0.01% | – |
| CABO | Exit | CABLE ONE INC | $0 | – | -96 | – | -0.05% | – |
| BFA | Exit | BROWN FORMAN CORPcl a | $0 | – | -3,000 | – | -0.06% | – |
| BABA | Exit | ALIBABA GROUP HLDG LTDsponsored ads | $0 | – | -1,445 | – | -0.06% | – |
| JPM | Exit | JPMORGAN CHASE & CO | $0 | – | -3,155 | – | -0.15% | – |
| UL | Exit | UNILEVER PLCspon adr new | $0 | – | -10,125 | – | -0.16% | – |
| V | Exit | VISA INC | $0 | – | -2,775 | – | -0.18% | – |
| PM | Exit | PHILIP MORRIS INTL INC | $0 | – | -7,494 | – | -0.21% | – |
| BRKB | Exit | BERKSHIRE HATHAWAY INC DELcl b new | $0 | – | -2,980 | – | -0.24% | – |
| BRKA | Exit | BERKSHIRE HATHAWAY INC DELcl a | $0 | – | -2 | – | -0.24% | – |
| MA | Exit | MASTERCARD INCcl a | $0 | – | -3,125 | – | -0.32% | – |
| EXPE | Exit | EXPEDIA GROUP INC | $0 | – | -23,000 | – | -1.12% | – |
| CSCO | Exit | CISCO SYS INC | $0 | – | -83,000 | – | -1.34% | – |
| Exit | CONOCOPHILLIPS | $0 | – | -70,000 | – | -1.41% | – | |
| RRC | Exit | RANGE RES CORP | $0 | – | -250,000 | – | -1.68% | – |
| RTX | Exit | RAYTHEON TECHNOLOGIES CORP | $0 | – | -69,000 | – | -1.76% | – |
| WDC | Exit | WESTERN DIGITAL CORP | $0 | – | -122,600 | – | -2.06% | – |
| MTG | Exit | MGIC INVT CORP WIS | $0 | – | -490,000 | – | -2.18% | – |
| C | Exit | CITIGROUP INC | $0 | – | -125,000 | – | -2.61% | – |
| VIAC | Exit | VIACOM INC NEWcl b | $0 | – | -241,350 | – | -2.84% | – |
| IDCC | Exit | INTERDIGITAL INC | $0 | – | -171,689 | – | -3.46% | – |
| GOOG | Exit | ALPHABET INCcap stk cl c | $0 | – | -4,839 | – | -3.84% | – |
| CVS | Exit | CVS HEALTH CORP | $0 | – | -166,500 | – | -4.20% | – |
| QRTEA | Exit | QURATE RETAIL INC | $0 | – | -1,799,500 | – | -5.45% | – |
| SBAC | Exit | SBA COMMUNICATIONS CORP | $0 | – | -654,526 | – | -64.34% | – |
Q3 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SBAC | Sell | SBA COMMUNICATIONS CORP | $216,367,000 | -1.2% | 654,526 | -4.7% | 64.34% | -2.3% |
| QRTEA | Buy | QURATE RETAIL INC | $18,337,000 | -16.3% | 1,799,500 | +7.5% | 5.45% | -17.3% |
| CVS | Buy | CVS HEALTH CORP | $14,129,000 | +11.8% | 166,500 | +9.9% | 4.20% | +10.5% |
| GOOG | Sell | ALPHABET INCcap stk cl c | $12,897,000 | +5.1% | 4,839 | -1.1% | 3.84% | +4.0% |
| VIAC | Buy | VIACOM INC NEWcl b | $9,536,000 | +2.2% | 241,350 | +17.0% | 2.84% | +1.1% |
| RRC | New | RANGE RES CORP | $5,658,000 | – | 250,000 | – | 1.68% | – |
| New | CONOCOPHILLIPS | $4,744,000 | – | 70,000 | – | 1.41% | – | |
| MA | Sell | MASTERCARD INCcl a | $1,087,000 | -15.7% | 3,125 | -11.5% | 0.32% | -16.8% |
| BRKB | Sell | BERKSHIRE HATHAWAY INC DELcl b new | $813,000 | -18.1% | 2,980 | -16.7% | 0.24% | -19.1% |
| PM | Sell | PHILIP MORRIS INTL INC | $710,000 | -19.7% | 7,494 | -16.0% | 0.21% | -20.7% |
| V | Sell | VISA INC | $618,000 | -12.6% | 2,775 | -8.3% | 0.18% | -13.6% |
| UL | Sell | UNILEVER PLCspon adr new | $549,000 | -15.0% | 10,125 | -8.3% | 0.16% | -16.0% |
| JPM | Sell | JPMORGAN CHASE & CO | $516,000 | -7.5% | 3,155 | -12.1% | 0.15% | -8.9% |
| BABA | Buy | ALIBABA GROUP HLDG LTDsponsored ads | $214,000 | -27.5% | 1,445 | +11.2% | 0.06% | -28.1% |
| BFB | Sell | BROWN FORMAN CORPcl b | $40,000 | -42.0% | 600 | -35.1% | 0.01% | -42.9% |
Q2 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SBAC | New | SBA COMMUNICATIONS CORP | $218,960,000 | – | 687,040 | – | 65.83% | – |
| QRTEA | New | QURATE RETAIL INC | $21,919,000 | – | 1,674,500 | – | 6.59% | – |
| CVS | New | CVS HEALTH CORP | $12,641,000 | – | 151,500 | – | 3.80% | – |
| IDCC | New | INTERDIGITAL INC | $12,539,000 | – | 171,689 | – | 3.77% | – |
| GOOG | New | ALPHABET INCcap stk cl c | $12,269,000 | – | 4,895 | – | 3.69% | – |
| VIAC | New | VIACOM INC NEWcl b | $9,327,000 | – | 206,350 | – | 2.80% | – |
| C | New | CITIGROUP INC | $8,844,000 | – | 125,000 | – | 2.66% | – |
| WDC | New | WESTERN DIGITAL CORP | $8,725,000 | – | 122,600 | – | 2.62% | – |
| MTG | New | MGIC INVT CORP WIS | $6,664,000 | – | 490,000 | – | 2.00% | – |
| RTX | New | RAYTHEON TECHNOLOGIES CORP | $5,886,000 | – | 69,000 | – | 1.77% | – |
| CSCO | New | CISCO SYS INC | $4,399,000 | – | 83,000 | – | 1.32% | – |
| EXPE | New | EXPEDIA GROUP INC | $3,765,000 | – | 23,000 | – | 1.13% | – |
| MA | New | MASTERCARD INCcl a | $1,290,000 | – | 3,532 | – | 0.39% | – |
| BRKB | New | BERKSHIRE HATHAWAY INC DELcl b new | $993,000 | – | 3,576 | – | 0.30% | – |
| PM | New | PHILIP MORRIS INTL INC | $884,000 | – | 8,925 | – | 0.27% | – |
| BRKA | New | BERKSHIRE HATHAWAY INC DELcl a | $837,000 | – | 2 | – | 0.25% | – |
| V | New | VISA INC | $707,000 | – | 3,025 | – | 0.21% | – |
| UL | New | UNILEVER PLCspon adr new | $646,000 | – | 11,045 | – | 0.19% | – |
| JPM | New | JPMORGAN CHASE & CO | $558,000 | – | 3,590 | – | 0.17% | – |
| BABA | New | ALIBABA GROUP HLDG LTDsponsored ads | $295,000 | – | 1,300 | – | 0.09% | – |
| BFA | New | BROWN FORMAN CORPcl a | $212,000 | – | 3,000 | – | 0.06% | – |
| CABO | New | CABLE ONE INC | $184,000 | – | 96 | – | 0.06% | – |
| BFB | New | BROWN FORMAN CORPcl b | $69,000 | – | 925 | – | 0.02% | – |
Q4 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BFB | Exit | BROWN FORMAN CORPcl b | $0 | – | -925 | – | -0.02% | – |
| BTU | Exit | PEABODY ENERGY CORP. | $0 | – | -38,000 | – | -0.03% | – |
| BFA | Exit | BROWN FORMAN CORPcl a | $0 | – | -3,000 | – | -0.07% | – |
| JPM | Exit | JPMORGAN CHASE & CO | $0 | – | -4,235 | – | -0.14% | – |
| V | Exit | VISA INC | $0 | – | -3,025 | – | -0.21% | – |
| PM | Exit | PHILIP MORRIS INTL INC | $0 | – | -8,175 | – | -0.21% | – |
| BRKA | Exit | BERKSHIRE HATHAWAY INC DELcl a | $0 | – | -2 | – | -0.22% | – |
| UN | Exit | UNILEVER NV | $0 | – | -11,475 | – | -0.24% | – |
| BRKB | Exit | BERKSHIRE HATHAWAY INC DELcl b new | $0 | – | -3,985 | – | -0.29% | – |
| GOOGL | Exit | ALPHABET INCcap stk cl a | $0 | – | -600 | – | -0.30% | – |
| MA | Exit | MASTERCARD INCcl a | $0 | – | -4,885 | – | -0.57% | – |
| WMB | Exit | WILLIAMS COS INC DEL | $0 | – | -120,000 | – | -0.81% | – |
| WDC | Exit | WESTERN DIGITAL CORP | $0 | – | -95,000 | – | -1.19% | – |
| C | Exit | CITIGROUP INC | $0 | – | -82,000 | – | -1.21% | – |
| QRTEA | Exit | QURATE RETAIL INC | $0 | – | -600,000 | – | -1.48% | – |
| CVS | Exit | CVS HEALTH CORP | $0 | – | -77,000 | – | -1.54% | – |
| MTG | Exit | MGIC INVT CORP WIS | $0 | – | -585,000 | – | -1.78% | – |
| GOOG | Exit | ALPHABET INCcap stk cl c | $0 | – | -5,128 | – | -2.58% | – |
| VIAC | Exit | VIACOM INC NEWcl b | $0 | – | -275,000 | – | -2.64% | – |
| IDCC | Exit | INTERDIGITAL INC | $0 | – | -144,250 | – | -2.82% | – |
| GME | Exit | GAMESTOP CORP NEWcl a | $0 | – | -1,951,000 | – | -6.82% | – |
| SBAC | Exit | SBA COMMUNICATIONS CORP | $0 | – | -685,503 | – | -74.83% | – |
Q3 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| GME | Sell | GAMESTOP CORP NEWcl a | $19,900,000 | +67.3% | 1,951,000 | -28.8% | 6.82% | +53.5% |
| IDCC | Sell | INTERDIGITAL INC | $8,231,000 | -2.3% | 144,250 | -3.0% | 2.82% | -10.4% |
| GOOG | Sell | ALPHABET INCcap stk cl c | $7,536,000 | +0.1% | 5,128 | -3.7% | 2.58% | -8.2% |
| MTG | Buy | MGIC INVT CORP WIS | $5,183,000 | +5.5% | 585,000 | +875.0% | 1.78% | -3.2% |
| CVS | Buy | CVS HEALTH CORP | $4,497,000 | +25.9% | 77,000 | +40.0% | 1.54% | +15.4% |
| QRTEA | Buy | QURATE RETAIL INC | $4,308,000 | +0.1% | 600,000 | +32.4% | 1.48% | -8.2% |
| C | Buy | CITIGROUP INC | $3,535,000 | -10.2% | 82,000 | +6.5% | 1.21% | -17.6% |
| WDC | Buy | WESTERN DIGITAL CORP | $3,472,000 | -12.6% | 95,000 | +5.6% | 1.19% | -19.9% |
| MA | Sell | MASTERCARD INCcl a | $1,652,000 | +10.6% | 4,885 | -3.3% | 0.57% | +1.4% |
| BRKB | Buy | BERKSHIRE HATHAWAY INC DELcl b new | $849,000 | +35.0% | 3,985 | +13.0% | 0.29% | +23.8% |
| UN | Sell | UNILEVER NV | $693,000 | +12.0% | 11,475 | -1.3% | 0.24% | +3.0% |
| PM | Buy | PHILIP MORRIS INTL INC | $613,000 | +7.9% | 8,175 | +0.9% | 0.21% | -0.9% |
| V | Sell | VISA INC | $605,000 | -2.1% | 3,025 | -5.5% | 0.21% | -10.4% |
| BFB | Sell | BROWN FORMAN CORPcl b | $70,000 | -40.2% | 925 | -49.8% | 0.02% | -45.5% |
Q2 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SBAC | New | SBA COMMUNICATIONS CORP | $204,225,000 | – | 685,503 | – | 76.32% | – |
| GME | New | GAMESTOP CORP NEWcl a | $11,892,000 | – | 2,740,000 | – | 4.44% | – |
| IDCC | New | INTERDIGITAL INC | $8,424,000 | – | 148,750 | – | 3.15% | – |
| GOOG | New | ALPHABET INCcap stk cl c | $7,527,000 | – | 5,325 | – | 2.81% | – |
| VIAC | New | VIACOM INC NEWcl b | $6,413,000 | – | 275,000 | – | 2.40% | – |
| MTG | New | MGIC INVT CORP WIS | $4,914,000 | – | 60,000 | – | 1.84% | – |
| QRTEA | New | QURATE RETAIL INC | $4,304,000 | – | 453,031 | – | 1.61% | – |
| WDC | New | WESTERN DIGITAL CORP | $3,974,000 | – | 90,000 | – | 1.48% | – |
| C | New | CITIGROUP INC | $3,935,000 | – | 77,000 | – | 1.47% | – |
| CVS | New | CVS HEALTH CORP | $3,573,000 | – | 55,000 | – | 1.34% | – |
| WMB | New | WILLIAMS COS INC DEL | $2,282,000 | – | 120,000 | – | 0.85% | – |
| MA | New | MASTERCARD INCcl a | $1,493,000 | – | 5,050 | – | 0.56% | – |
| GOOGL | New | ALPHABET INCcap stk cl a | $851,000 | – | 600 | – | 0.32% | – |
| BRKB | New | BERKSHIRE HATHAWAY INC DELcl b new | $629,000 | – | 3,525 | – | 0.24% | – |
| UN | New | UNILEVER NV | $619,000 | – | 11,625 | – | 0.23% | – |
| V | New | VISA INC | $618,000 | – | 3,200 | – | 0.23% | – |
| PM | New | PHILIP MORRIS INTL INC | $568,000 | – | 8,105 | – | 0.21% | – |
| BRKA | New | BERKSHIRE HATHAWAY INC DELcl a | $535,000 | – | 2 | – | 0.20% | – |
| JPM | New | JPMORGAN CHASE & CO | $398,000 | – | 4,235 | – | 0.15% | – |
| BFA | New | BROWN FORMAN CORPcl a | $178,000 | – | 3,000 | – | 0.07% | – |
| BFB | New | BROWN FORMAN CORPcl b | $117,000 | – | 1,843 | – | 0.04% | – |
| BTU | New | PEABODY ENERGY CORP. | $109,000 | – | 38,000 | – | 0.04% | – |
Q4 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| KO | Exit | COCA COLA CO | $0 | – | -1,175 | – | -0.03% | – |
| FMX | Exit | FOMENTO ECONOMICO MEXICANO Sspon adr units | $0 | – | -1,100 | – | -0.04% | – |
| BFB | Exit | BROWN FORMAN CORPcl b | $0 | – | -1,843 | – | -0.05% | – |
| AXP | Exit | AMERICAN EXPRESS CO | $0 | – | -1,100 | – | -0.06% | – |
| ICON | Exit | ICONIX BRAND GROUP INC | $0 | – | -79,482 | – | -0.06% | – |
| BFA | Exit | BROWN FORMAN CORPcl a | $0 | – | -3,000 | – | -0.08% | – |
| PM | Exit | PHILIP MORRIS INTL INC | $0 | – | -7,645 | – | -0.25% | – |
| V | Exit | VISA INC | $0 | – | -3,550 | – | -0.26% | – |
| BRKA | Exit | BERKSHIRE HATHAWAY INC DELcl a | $0 | – | -2 | – | -0.26% | – |
| UN | Exit | UNILEVER NV | $0 | – | -10,925 | – | -0.28% | – |
| BRKB | Exit | BERKSHIRE HATHAWAY INC DELcl b new | $0 | – | -3,325 | – | -0.29% | – |
| BTU | Exit | PEABODY ENERGY CORP. | $0 | – | -50,000 | – | -0.31% | – |
| MA | Exit | MASTERCARD INCcl a | $0 | – | -5,750 | – | -0.66% | – |
| WMB | Exit | WILLIAMS COS INC DEL | $0 | – | -85,000 | – | -0.87% | – |
| GILD | Exit | GILEAD SCIENCES INC | $0 | – | -33,700 | – | -0.91% | – |
| QRTEA | Exit | QURATE RETAIL INC | $0 | – | -215,349 | – | -0.94% | – |
| EQIX | Exit | EQUINIX INC | $0 | – | -7,372 | – | -1.81% | – |
| WDC | Exit | WESTERN DIGITAL CORP | $0 | – | -78,000 | – | -1.98% | – |
| C | Exit | CITIGROUP INC | $0 | – | -69,000 | – | -2.03% | – |
| VIAB | Exit | VIACOM INC NEWcl b | $0 | – | -220,600 | – | -2.25% | – |
| GS | Exit | GOLDMAN SACHS GROUP INC | $0 | – | -26,700 | – | -2.35% | – |
| MTG | Exit | MGIC INVT CORP WIS | $0 | – | -490,000 | – | -2.62% | – |
| GOOG | Exit | ALPHABET INCcap stk cl c | $0 | – | -5,113 | – | -2.65% | – |
| IDCC | Exit | INTERDIGITAL INC | $0 | – | -120,000 | – | -2.68% | – |
| GME | Exit | GAMESTOP CORP NEWcl a | $0 | – | -3,000,000 | – | -7.04% | – |
| SBAC | Exit | SBA COMMUNICATIONS CORP | $0 | – | -675,054 | – | -69.23% | – |
Q3 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SBAC | Sell | SBA COMMUNICATIONS CORP | $162,789,000 | +5.6% | 675,054 | -1.6% | 69.23% | +1.4% |
| GME | Buy | GAMESTOP CORP NEWcl a | $16,560,000 | +142.2% | 3,000,000 | +140.0% | 7.04% | +132.7% |
| GOOG | Buy | ALPHABET INCcap stk cl c | $6,232,000 | +14.4% | 5,113 | +1.4% | 2.65% | +9.9% |
| VIAB | Sell | VIACOM INC NEWcl b | $5,301,000 | -37.9% | 220,600 | -22.8% | 2.25% | -40.3% |
| WDC | Sell | WESTERN DIGITAL CORP | $4,652,000 | -29.4% | 78,000 | -43.7% | 1.98% | -32.1% |
| EQIX | Sell | EQUINIX INC | $4,252,000 | -11.0% | 7,372 | -22.2% | 1.81% | -14.5% |
| QRTEA | Sell | QURATE RETAIL INC | $2,222,000 | -41.9% | 215,349 | -30.2% | 0.94% | -44.2% |
Q2 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SBAC | New | SBA COMMUNICATIONS CORP | $154,215,000 | – | 685,889 | – | 68.26% | – |
| VIAB | New | VIACOM INC NEWcl b | $8,531,000 | – | 285,600 | – | 3.78% | – |
| IDCC | New | INTERDIGITAL INC | $7,728,000 | – | 120,000 | – | 3.42% | – |
| GME | New | GAMESTOP CORP NEWcl a | $6,838,000 | – | 1,250,000 | – | 3.03% | – |
| WDC | New | WESTERN DIGITAL CORP | $6,586,000 | – | 138,500 | – | 2.92% | – |
| MTG | New | MGIC INVT CORP WIS | $6,439,000 | – | 490,000 | – | 2.85% | – |
| GS | New | GOLDMAN SACHS GROUP INC | $5,463,000 | – | 26,700 | – | 2.42% | – |
| GOOG | New | ALPHABET INCcap stk cl c | $5,449,000 | – | 5,041 | – | 2.41% | – |
| C | New | CITIGROUP INC | $4,832,000 | – | 69,000 | – | 2.14% | – |
| EQIX | New | EQUINIX INC | $4,777,000 | – | 9,472 | – | 2.11% | – |
| QRTEA | New | QUARATE RETAIL INC | $3,824,000 | – | 308,650 | – | 1.69% | – |
| WMB | New | WILLIAMS COS INC DEL | $2,383,000 | – | 85,000 | – | 1.06% | – |
| GILD | New | GILEAD SCIENCES INC | $2,277,000 | – | 33,700 | – | 1.01% | – |
| MA | New | MASTERCARD INCcl a | $1,521,000 | – | 5,750 | – | 0.67% | – |
| BTU | New | PEABODY ENERGY CORP. | $1,205,000 | – | 50,000 | – | 0.53% | – |
| BRKB | New | BERKSHIRE HATHAWAY INC DELcl b new | $709,000 | – | 3,325 | – | 0.31% | – |
| UN | New | UNILEVER NV | $663,000 | – | 10,925 | – | 0.29% | – |
| BRKA | New | BERKSHIRE HATHAWAY INC DELcl a | $637,000 | – | 2 | – | 0.28% | – |
| V | New | VISA INC | $616,000 | – | 3,550 | – | 0.27% | – |
| PM | New | PHILIP MORRIS INTL INC | $600,000 | – | 7,645 | – | 0.27% | – |
| BFA | New | BROWN FORMAN CORPcl a | $165,000 | – | 3,000 | – | 0.07% | – |
| AXP | New | AMERICAN EXPRESS CO | $136,000 | – | 1,100 | – | 0.06% | – |
| FMX | New | FOMENTO ECONOMICO MEXICANO Sspon adr units | $106,000 | – | 1,100 | – | 0.05% | – |
| BFB | New | BROWN FORMAN CORPcl b | $102,000 | – | 1,843 | – | 0.04% | – |
| ICON | New | ICONIX BRAND GROUP INC | $68,000 | – | 79,482 | – | 0.03% | – |
| KO | New | COCA COLA CO | $60,000 | – | 1,175 | – | 0.03% | – |
Q4 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| KO | Exit | COCA COLA CO | $0 | – | -1,175 | – | -0.03% | – |
| BFB | Exit | BROWN FORMAN CORPcl b | $0 | – | -1,843 | – | -0.05% | – |
| FMX | Exit | FOMENTO ECONOMICO MEXICANO Sspon adr units | $0 | – | -1,100 | – | -0.06% | – |
| AXP | Exit | AMERICAN EXPRESS CO | $0 | – | -1,100 | – | -0.06% | – |
| BFA | Exit | BROWN FORMAN CORPcl a | $0 | – | -3,000 | – | -0.08% | – |
| V | Exit | VISA INC | $0 | – | -3,550 | – | -0.28% | – |
| ICON | Exit | ICONIX BRAND GROUP INC | $0 | – | -1,760,002 | – | -0.29% | – |
| UN | Exit | UNILEVER NV | $0 | – | -10,925 | – | -0.32% | – |
| PM | Exit | PHILIP MORRIS INTL INC | $0 | – | -7,645 | – | -0.33% | – |
| BRKA | Exit | BERKSHIRE HATHAWAY INC DELcl a | $0 | – | -2 | – | -0.34% | – |
| BRKB | Exit | BERKSHIRE HATHAWAY INC DELcl b new | $0 | – | -3,325 | – | -0.38% | – |
| KEYW | Exit | KEYW HOLDING CORP. | $0 | – | -115,380 | – | -0.53% | – |
| MA | Exit | MASTERCARD INCcl a | $0 | – | -5,875 | – | -0.70% | – |
| BTU | Exit | PEABODY ENERGY CORP. NEW | $0 | – | -50,000 | – | -0.95% | – |
| WMB | Exit | WILLIAMS COS INC DEL | $0 | – | -85,000 | – | -1.24% | – |
| GILD | Exit | GILEAD SCIENCES INC | $0 | – | -33,700 | – | -1.39% | – |
| EQIX | Exit | EQUINIX INC | $0 | – | -9,472 | – | -2.19% | – |
| GOOG | Exit | ALPHABET INCcap stk cl c | $0 | – | -3,829 | – | -2.44% | – |
| GS | Exit | GOLDMAN SACHS GROUP INC | $0 | – | -21,000 | – | -2.52% | – |
| MTG | Exit | MGIC INVT CORP WIS | $0 | – | -412,500 | – | -2.94% | – |
| WDC | Exit | WESTERN DIGITAL CORP | $0 | – | -100,000 | – | -3.13% | – |
| C | Exit | CITIGROUP INC | $0 | – | -92,000 | – | -3.53% | – |
| QRTEA | Exit | QUARATE RETAIL INC | $0 | – | -344,500 | – | -4.09% | – |
| IDCC | Exit | INTERDIGITAL INC | $0 | – | -112,130 | – | -4.80% | – |
| VIAB | Exit | VIACOM INC NEWcl b | $0 | – | -297,600 | – | -5.38% | – |
| GME | Exit | GAMESTOP CORP NEWcl a | $0 | – | -1,000,000 | – | -8.17% | – |
| SBAC | Exit | SBA COMMUNICATIONS CORP | $0 | – | -625,549 | – | -53.75% | – |
Q3 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WDC | Buy | WESTERN DIGITAL CORP | $5,854,000 | +26.0% | 100,000 | +66.7% | 3.13% | +24.7% |
| BRKB | Buy | BERKSHIRE HATHAWAY INC DELcl b new | $712,000 | +42.7% | 3,325 | +24.3% | 0.38% | +41.1% |
| ICON | Sell | ICONIX BRAND GROUP INC | $546,000 | -54.7% | 1,760,002 | -14.8% | 0.29% | -55.2% |
Q2 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SBAC | New | SBA COMMUNICATIONS CORP | $103,291,000 | – | 625,549 | – | 55.83% | – |
| GME | New | GAMESTOP CORP NEWcl a | $14,570,000 | – | 1,000,000 | – | 7.88% | – |
| IDCC | New | INTERDIGITAL INC | $9,071,000 | – | 112,130 | – | 4.90% | – |
| VIAB | New | VIACOM INC NEWcl b | $8,976,000 | – | 297,600 | – | 4.85% | – |
| QRTEA | New | QUARATE RETAIL INC | $7,310,000 | – | 344,500 | – | 3.95% | – |
| C | New | CITIGROUP INC | $6,157,000 | – | 92,000 | – | 3.33% | – |
| WDC | New | WESTERN DIGITAL CORP | $4,645,000 | – | 60,000 | – | 2.51% | – |
| GS | New | GOLDMAN SACHS GROUP INC | $4,632,000 | – | 21,000 | – | 2.50% | – |
| MTG | New | MGIC INVT CORP WIS | $4,422,000 | – | 412,500 | – | 2.39% | – |
| GOOG | New | ALPHABET INCcap stk cl c | $4,271,000 | – | 3,829 | – | 2.31% | – |
| EQIX | New | EQUINIX INC | $4,072,000 | – | 9,472 | – | 2.20% | – |
| GILD | New | GILEAD SCIENCES INC | $2,387,000 | – | 33,700 | – | 1.29% | – |
| WMB | New | WILLIAMS COS INC DEL | $2,304,000 | – | 85,000 | – | 1.24% | – |
| BTU | New | PEABODY ENERGY CORP. NEW | $2,274,000 | – | 50,000 | – | 1.23% | – |
| ICON | New | ICONIX BRAND GROUP INC | $1,206,000 | – | 2,066,900 | – | 0.65% | – |
| MA | New | MASTERCARD INCcl a | $1,155,000 | – | 5,875 | – | 0.62% | – |
| KEYW | New | KEYW HOLDING CORP. | $1,008,000 | – | 115,380 | – | 0.54% | – |
| PM | New | PHILIP MORRIS INTL INC | $617,000 | – | 7,645 | – | 0.33% | – |
| UN | New | UNILEVER NV | $609,000 | – | 10,925 | – | 0.33% | – |
| BRKA | New | BERKSHIRE HATHAWAY INC DELcl a | $564,000 | – | 2 | – | 0.30% | – |
| BRKB | New | BERKSHIRE HATHAWAY INC DELcl b new | $499,000 | – | 2,675 | – | 0.27% | – |
| V | New | VISA INC | $470,000 | – | 3,550 | – | 0.25% | – |
| BFA | New | BROWN FORMAN CORPcl a | $147,000 | – | 3,000 | – | 0.08% | – |
| AXP | New | AMERICAN EXPRESS CO | $108,000 | – | 1,100 | – | 0.06% | – |
| FMX | New | FOMENTO ECONOMICO MEXICANO Sspon adr units | $97,000 | – | 1,100 | – | 0.05% | – |
| BFB | New | BROWN FORMAN CORPcl b | $90,000 | – | 1,843 | – | 0.05% | – |
| KO | New | COCA COLA CO | $52,000 | – | 1,175 | – | 0.03% | – |
Q4 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BFB | Exit | BROWN FORMAN CORPcl b | $0 | – | -875 | – | -0.03% | – |
| KO | Exit | COCA COLA CO | $0 | – | -1,175 | – | -0.03% | – |
| AXP | Exit | AMERICAN EXPRESS CO | $0 | – | -1,100 | – | -0.06% | – |
| FMX | Exit | FOMENTO ECONOMICO MEXICANO Sspon adr units | $0 | – | -1,100 | – | -0.06% | – |
| BFA | Exit | BROWN FORMAN CORPcl a | $0 | – | -3,000 | – | -0.10% | – |
| V | Exit | VISA INC | $0 | – | -3,000 | – | -0.19% | – |
| BRKB | Exit | BERKSHIRE HATHAWAY INC DELcl b new | $0 | – | -2,675 | – | -0.29% | – |
| UN | Exit | UNILEVER NV | $0 | – | -9,100 | – | -0.32% | – |
| BRKA | Exit | BERKSHIRE HATHAWAY INC DELcl a | $0 | – | -2 | – | -0.32% | – |
| PM | Exit | PHILIP MORRIS INTL INC | $0 | – | -6,575 | – | -0.43% | – |
| MA | Exit | MASTERCARD INCcl a | $0 | – | -5,875 | – | -0.49% | – |
| GOOGL | Exit | ALPHABET INCcap stk cl a | $0 | – | -2,052 | – | -1.18% | – |
| WMB | Exit | WILLIAMS COS INC DEL | $0 | – | -85,000 | – | -1.51% | – |
| GILD | Exit | GILEAD SCIENCES INC | $0 | – | -33,700 | – | -1.61% | – |
| GOOG | Exit | ALPHABET INCcap stk cl c | $0 | – | -3,785 | – | -2.14% | – |
| EQIX | Exit | EQUINIX INC | $0 | – | -9,472 | – | -2.50% | – |
| MTG | Exit | MGIC INVT CORP WIS | $0 | – | -402,500 | – | -2.98% | – |
| BCOR | Exit | BLUCORA INC | $0 | – | -225,099 | – | -3.36% | – |
| VIAB | Exit | VIACOM INC NEWcl b | $0 | – | -221,000 | – | -3.64% | – |
| ICON | Exit | ICONIX BRAND GROUP INC | $0 | – | -1,110,000 | – | -3.73% | – |
| IDCC | Exit | INTERDIGITAL INC | $0 | – | -86,400 | – | -3.76% | – |
| GS | Exit | GOLDMAN SACHS GROUP INC | $0 | – | -27,380 | – | -3.84% | – |
| C | Exit | CITIGROUP INC | $0 | – | -106,750 | – | -4.59% | – |
| QRTEA | Exit | LIBERTY INTERACTIVE CORP | $0 | – | -344,500 | – | -4.80% | – |
| GME | Exit | GAMESTOP CORP NEWcl a | $0 | – | -578,000 | – | -7.06% | – |
| SBAC | Exit | SBA COMMUNICATIONS CORP | $0 | – | -639,549 | – | -50.98% | – |
Q3 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| GME | Buy | GAMESTOP CORP NEWcl a | $11,941,000 | +15.1% | 578,000 | +20.4% | 7.06% | +15.7% |
| QRTEA | Sell | LIBERTY INTERACTIVE CORP | $8,120,000 | -6.5% | 344,500 | -2.7% | 4.80% | -6.1% |
| IDCC | Buy | INTERDIGITAL INC | $6,372,000 | -0.8% | 86,400 | +4.0% | 3.76% | -0.4% |
| ICON | Buy | ICONIX BRAND GROUP INC | $6,316,000 | +17.9% | 1,110,000 | +43.2% | 3.73% | +18.5% |
| VIAB | Buy | VIACOM INC NEWcl b | $6,153,000 | +97.1% | 221,000 | +137.6% | 3.64% | +98.0% |
| BCOR | Sell | BLUCORA INC | $5,695,000 | -30.1% | 225,099 | -41.4% | 3.36% | -29.8% |
| MTG | Sell | MGIC INVT CORP WIS | $5,043,000 | -1.6% | 402,500 | -12.0% | 2.98% | -1.1% |
| EQIX | Sell | EQUINIX INC | $4,227,000 | -1.0% | 9,472 | -4.8% | 2.50% | -0.5% |
| GOOGL | Sell | ALPHABET INCcap stk cl a | $1,998,000 | -15.8% | 2,052 | -19.6% | 1.18% | -15.4% |
| WW | Exit | WEIGHT WATCHERS INTL INC | $0 | – | -137,000 | – | -2.69% | – |
Q2 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SBAC | New | SBA COMMUNICATIONS CORP | $86,275,000 | – | 639,549 | – | 50.74% | – |
| GME | New | GAMESTOP CORP NEWcl a | $10,373,000 | – | 480,000 | – | 6.10% | – |
| QRTEA | New | LIBERTY INTERACTIVE CORP | $8,687,000 | – | 354,000 | – | 5.11% | – |
| BCOR | New | BLUCORA INC | $8,148,000 | – | 384,329 | – | 4.79% | – |
| C | New | CITIGROUP INC | $7,139,000 | – | 106,750 | – | 4.20% | – |
| IDCC | New | INTERDIGITAL INC | $6,425,000 | – | 83,116 | – | 3.78% | – |
| GS | New | GOLDMAN SACHS GROUP INC | $6,076,000 | – | 27,380 | – | 3.57% | – |
| ICON | New | ICONIX BRAND GROUP INC | $5,355,000 | – | 774,927 | – | 3.15% | – |
| MTG | New | MGIC INVT CORP WIS | $5,124,000 | – | 457,500 | – | 3.01% | – |
| WW | New | WEIGHT WATCHERS INTL INC | $4,579,000 | – | 137,000 | – | 2.69% | – |
| EQIX | New | EQUINIX INC | $4,269,000 | – | 9,947 | – | 2.51% | – |
| GOOG | New | ALPHABET INCcap stk cl c | $3,440,000 | – | 3,785 | – | 2.02% | – |
| VIAB | New | VIACOM INC NEWcl b | $3,122,000 | – | 93,000 | – | 1.84% | – |
| WMB | New | WILLIAMS COS INC DEL | $2,574,000 | – | 85,000 | – | 1.51% | – |
| GILD | New | GILEAD SCIENCES INC | $2,385,000 | – | 33,700 | – | 1.40% | – |
| GOOGL | New | ALPHABET INCcap stk cl a | $2,373,000 | – | 2,552 | – | 1.40% | – |
| PM | New | PHILIP MORRIS INTL INC | $772,000 | – | 6,575 | – | 0.45% | – |
| MA | New | MASTERCARD INCcl a | $714,000 | – | 5,875 | – | 0.42% | – |
| BRKA | New | BERKSHIRE HATHAWAY INC DELcl a | $509,000 | – | 2 | – | 0.30% | – |
| UN | New | UNILEVER NV | $503,000 | – | 9,100 | – | 0.30% | – |
| BRKB | New | BERKSHIRE HATHAWAY INC DELcl b new | $453,000 | – | 2,675 | – | 0.27% | – |
| V | New | VISA INC | $281,000 | – | 3,000 | – | 0.16% | – |
| BFA | New | BROWN FORMAN CORPcl a | $148,000 | – | 3,000 | – | 0.09% | – |
| FMX | New | FOMENTO ECONOMICO MEXICANO Sspon adr units | $109,000 | – | 1,100 | – | 0.06% | – |
| AXP | New | AMERICAN EXPRESS CO | $93,000 | – | 1,100 | – | 0.06% | – |
| KO | New | COCA COLA CO | $53,000 | – | 1,175 | – | 0.03% | – |
| BFB | New | BROWN FORMAN CORPcl b | $43,000 | – | 875 | – | 0.02% | – |
Q4 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BFB | Exit | BROWN FORMAN CORPcl b | $0 | – | -500 | – | -0.02% | – |
| KO | Exit | COCA COLA CO | $0 | – | -1,175 | – | -0.03% | – |
| AXP | Exit | AMERICAN EXPRESS CO | $0 | – | -1,000 | – | -0.04% | – |
| FMX | Exit | FOMENTO ECONOMICO MEXICANO Sspon adr units | $0 | – | -975 | – | -0.06% | – |
| BFA | Exit | BROWN FORMAN CORPcl a | $0 | – | -3,000 | – | -0.10% | – |
| CHUBK | Exit | COMMERCEHUB INC-SERIES C | $0 | – | -10,838 | – | -0.12% | – |
| V | Exit | VISA INC | $0 | – | -3,000 | – | -0.17% | – |
| BRKB | Exit | BERKSHIRE HATHAWAY INC DELcl b new | $0 | – | -2,200 | – | -0.22% | – |
| UN | Exit | UNILEVER NV | $0 | – | -8,250 | – | -0.26% | – |
| BRKA | Exit | BERKSHIRE HATHAWAY INC DELcl a | $0 | – | -2 | – | -0.29% | – |
| BUD | Exit | ANHEUSER BUSCH INBEV SA/NVsponsored adr | $0 | – | -4,086 | – | -0.36% | – |
| PM | Exit | PHILIP MORRIS INTL INC | $0 | – | -5,700 | – | -0.38% | – |
| MA | Exit | MASTERCARD INCcl a | $0 | – | -5,500 | – | -0.38% | – |
| NEBLQ | Exit | NOBLE CORP PLC | $0 | – | -118,250 | – | -0.51% | – |
| LVNTA | Exit | LIBERTY INTERACTIVE CORP | $0 | – | -36,690 | – | -0.99% | – |
| VIAB | Exit | VIACOM INC NEWcl b | $0 | – | -40,300 | – | -1.04% | – |
| WMB | Exit | WILLIAMS COS INC DEL | $0 | – | -50,000 | – | -1.04% | – |
| GOOGL | Exit | ALPHABET INCcap stk cl a | $0 | – | -2,552 | – | -1.39% | – |
| WW | Exit | WEIGHT WATCHERS INTL INC | $0 | – | -251,150 | – | -1.75% | – |
| GILD | Exit | GILEAD SCIENCES INC | $0 | – | -33,700 | – | -1.80% | – |
| GPRO | Exit | GOPRO INCcl a | $0 | – | -160,000 | – | -1.81% | – |
| GOOG | Exit | ALPHABET INCcap stk cl c | $0 | – | -3,785 | – | -1.99% | – |
| MTG | Exit | MGIC INVT CORP WIS | $0 | – | -437,500 | – | -2.37% | – |
| QRTEA | Exit | LIBERTY INTERACTIVE CORP | $0 | – | -195,123 | – | -2.64% | – |
| EQIX | Exit | EQUINIX INC | $0 | – | -10,947 | – | -2.67% | – |
| GS | Exit | GOLDMAN SACHS GROUP INC | $0 | – | -28,580 | – | -3.12% | – |
| ICON | Exit | ICONIX BRAND GROUP INC | $0 | – | -647,799 | – | -3.56% | – |
| C | Exit | CITIGROUP INC | $0 | – | -150,167 | – | -4.80% | – |
| GME | Exit | GAMESTOP CORP NEWcl a | $0 | – | -265,861 | – | -4.96% | – |
| BCOR | Exit | BLUCORA INC | $0 | – | -670,315 | – | -5.08% | – |
| IDCC | Exit | INTERDIGITAL INC | $0 | – | -96,730 | – | -5.18% | – |
| SBAC | Exit | SBA COMMUNICATIONS CORP | $0 | – | -670,412 | – | -50.88% | – |
Q3 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| IDCC | Sell | INTERDIGITAL INC | $7,661,000 | +11.7% | 96,730 | -21.5% | 5.18% | +6.0% |
| BCOR | Sell | BLUCORA INC | $7,508,000 | -0.4% | 670,315 | -7.9% | 5.08% | -5.5% |
| GME | Buy | GAMESTOP CORP NEWcl a | $7,335,000 | +33.5% | 265,861 | +28.6% | 4.96% | +26.8% |
| QRTEA | Buy | LIBERTY INTERACTIVE CORP | $3,904,000 | -16.4% | 195,123 | +6.0% | 2.64% | -20.6% |
| GPRO | Buy | GOPRO INCcl a | $2,669,000 | +90.0% | 160,000 | +23.1% | 1.81% | +80.4% |
| LVNTA | Sell | LIBERTY INTERACTIVE CORP | $1,463,000 | -36.5% | 36,690 | -41.0% | 0.99% | -39.7% |
| NEBLQ | Buy | NOBLE CORP PLC | $750,000 | +24.2% | 118,250 | +61.4% | 0.51% | +17.9% |
| BUD | Buy | ANHEUSER BUSCH INBEV SA/NVsponsored adr | $537,000 | +3.7% | 4,086 | +3.8% | 0.36% | -1.6% |
| CHUBK | New | COMMERCEHUB INC-SERIES C | $172,000 | – | 10,838 | – | 0.12% | – |
| BFA | Buy | BROWN FORMAN CORPcl a | $149,000 | -8.0% | 3,000 | +100.0% | 0.10% | -12.2% |
| BFB | Buy | BROWN FORMAN CORPcl b | $24,000 | -4.0% | 500 | +100.0% | 0.02% | -11.1% |
| MSFT | Exit | MICROSOFT CORP | $0 | – | -20,000 | – | -0.73% | – |
Q2 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SBAC | New | SBA COMMUNICATIONS CORP | $72,364,000 | – | 670,412 | – | 51.56% | – |
| BCOR | New | BLUCORA INC | $7,540,000 | – | 727,815 | – | 5.37% | – |
| IDCC | New | INTERDIGITAL INC | $6,861,000 | – | 123,230 | – | 4.89% | – |
| C | New | CITIGROUP INC | $6,366,000 | – | 150,167 | – | 4.54% | – |
| GME | New | GAMESTOP CORP NEWcl a | $5,494,000 | – | 206,700 | – | 3.92% | – |
| QRTEA | New | LIBERTY INTERACTIVE CORP | $4,671,000 | – | 184,123 | – | 3.33% | – |
| ICON | New | ICONIX BRAND GROUP INC | $4,379,000 | – | 647,799 | – | 3.12% | – |
| GS | New | GOLDMAN SACHS GROUP INC | $4,246,000 | – | 28,580 | – | 3.02% | – |
| EQIX | New | EQUINIX INC | $4,244,000 | – | 10,947 | – | 3.02% | – |
| WW | New | WEIGHT WATCHERS INTL INC | $2,921,000 | – | 251,150 | – | 2.08% | – |
| GILD | New | GILEAD SCIENCES INC | $2,811,000 | – | 33,700 | – | 2.00% | – |
| GOOG | New | ALPHABET INCcap stk cl c | $2,620,000 | – | 3,785 | – | 1.87% | – |
| MTG | New | MGIC INVT CORP WIS | $2,603,000 | – | 437,500 | – | 1.86% | – |
| LVNTA | New | LIBERTY INTERACTIVE CORP | $2,305,000 | – | 62,190 | – | 1.64% | – |
| GOOGL | New | ALPHABET INCcap stk cl a | $1,795,000 | – | 2,552 | – | 1.28% | – |
| VIAB | New | VIACOM INC NEWcl b | $1,671,000 | – | 40,300 | – | 1.19% | – |
| GPRO | New | GOPRO INCcl a | $1,405,000 | – | 130,000 | – | 1.00% | – |
| WMB | New | WILLIAMS COS INC DEL | $1,082,000 | – | 50,000 | – | 0.77% | – |
| MSFT | New | MICROSOFT CORP | $1,023,000 | – | 20,000 | – | 0.73% | – |
| NEBLQ | New | NOBLE CORP PLC | $604,000 | – | 73,250 | – | 0.43% | – |
| PM | New | PHILIP MORRIS INTL INC | $580,000 | – | 5,700 | – | 0.41% | – |
| BUD | New | ANHEUSER BUSCH INBEV SA/NVsponsored adr | $518,000 | – | 3,936 | – | 0.37% | – |
| MA | New | MASTERCARD INCcl a | $484,000 | – | 5,500 | – | 0.34% | – |
| BRKA | New | BERKSHIRE HATHAWAY INC DELcl a | $434,000 | – | 2 | – | 0.31% | – |
| UN | New | UNILEVER NV | $387,000 | – | 8,250 | – | 0.28% | – |
| BRKB | New | BERKSHIRE HATHAWAY INC DELcl b new | $319,000 | – | 2,200 | – | 0.23% | – |
| V | New | VISA INC | $223,000 | – | 3,000 | – | 0.16% | – |
| BFA | New | BROWN FORMAN CORPcl a | $162,000 | – | 1,500 | – | 0.12% | – |
| FMX | New | FOMENTO ECONOMICO MEXICANO Sspon adr units | $90,000 | – | 975 | – | 0.06% | – |
| AXP | New | AMERICAN EXPRESS CO | $61,000 | – | 1,000 | – | 0.04% | – |
| KO | New | COCA COLA CO | $53,000 | – | 1,175 | – | 0.04% | – |
| BFB | New | BROWN FORMAN CORPcl b | $25,000 | – | 250 | – | 0.02% | – |
Q4 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| PGNPQ | Exit | PARAGON OFFSHORE PLC | $0 | – | -24,416 | – | -0.00% | – |
| SPXC | Exit | SPX CORP | $0 | – | -2,980 | – | -0.02% | – |
| AXP | Exit | AMERICAN EXPRESS CO | $0 | – | -650 | – | -0.03% | – |
| KO | Exit | COCA COLA CO | $0 | – | -1,175 | – | -0.03% | – |
| FMX | Exit | FOMENTO ECONOMICO MEXICANO Sspon adr units | $0 | – | -800 | – | -0.05% | – |
| SNI | Exit | SCRIPPS NETWORKS INTERACT INC | $0 | – | -1,750 | – | -0.06% | – |
| FLOW | Exit | SPX FLOW INC | $0 | – | -2,980 | – | -0.07% | – |
| ATI | Exit | ALLEGHENY TECHNOLOGIES INC | $0 | – | -8,480 | – | -0.08% | – |
| FMC | Exit | F M C CORP | $0 | – | -3,620 | – | -0.08% | – |
| FCX | Exit | FREEPORT-MCMORAN INCcl b | $0 | – | -13,800 | – | -0.09% | – |
| BLL | Exit | BALL CORP | $0 | – | -2,280 | – | -0.10% | – |
| SEE | Exit | SEALED AIR CORP NEW | $0 | – | -3,050 | – | -0.10% | – |
| V | Exit | VISA INC | $0 | – | -2,300 | – | -0.11% | – |
| BRKB | Exit | BERKSHIRE HATHAWAY INC DELcl b new | $0 | – | -1,275 | – | -0.11% | – |
| AA | Exit | ALCOA INC | $0 | – | -19,820 | – | -0.13% | – |
| BIG | Exit | BIG LOTS INC | $0 | – | -4,050 | – | -0.13% | – |
| TJX | Exit | TJX COS INC NEW | $0 | – | -2,770 | – | -0.13% | – |
| IP | Exit | INTL PAPER CO | $0 | – | -5,450 | – | -0.14% | – |
| DVN | Exit | DEVON ENERGY CORP NEW | $0 | – | -5,630 | – | -0.14% | – |
| USG | Exit | U S G CORP | $0 | – | -8,020 | – | -0.14% | – |
| Exit | HD SUPPLY HLDGS INC | $0 | – | -7,690 | – | -0.15% | – | |
| OKE | Exit | ONEOK INC NEW | $0 | – | -6,900 | – | -0.15% | – |
| OI | Exit | OWENS ILL INC | $0 | – | -11,160 | – | -0.16% | – |
| OXY | Exit | OCCIDENTAL PETE CORP DEL | $0 | – | -3,530 | – | -0.16% | – |
| HTZ | Exit | HERTZ GLOBAL HOLDINGS INC | $0 | – | -14,650 | – | -0.16% | – |
| CCK | Exit | CROWN HOLDINGS INC | $0 | – | -5,800 | – | -0.18% | – |
| DOW | Exit | DOW CHEM CO | $0 | – | -6,400 | – | -0.18% | – |
| MAT | Exit | NABORS INDUSTRIES LTD | $0 | – | -21,390 | – | -0.18% | – |
| WY | Exit | WEYERHAEUSER CO | $0 | – | -10,160 | – | -0.19% | – |
| OC | Exit | OWENS CORNING NEW | $0 | – | -6,940 | – | -0.20% | – |
| TGT | Exit | TARGET CORP | $0 | – | -3,860 | – | -0.20% | – |
| CAG | Exit | CONAGRA FOODS INC | $0 | – | -7,560 | – | -0.21% | – |
| RSG | Exit | REPUBLIC SVCS INC | $0 | – | -7,700 | – | -0.21% | – |
| CMCSK | Exit | COMCAST CORP NEWcl a spl | $0 | – | -6,000 | – | -0.23% | – |
| RTN | Exit | RAYTHEON CO | $0 | – | -3,210 | – | -0.24% | – |
| D | Exit | DOMINION RES INC VA NEW | $0 | – | -5,340 | – | -0.25% | – |
| MLM | Exit | MARTIN MARIETTA MATLS INC | $0 | – | -3,000 | – | -0.31% | – |
| FLR | Exit | FLUOR CORP NEW | $0 | – | -13,000 | – | -0.37% | – |
| MO | Exit | ALTRIA GROUP INC | $0 | – | -11,000 | – | -0.40% | – |
| WW | Exit | WEIGHT WATCHERS INTL INC NEW | $0 | – | -104,400 | – | -0.45% | – |
| BFA | Exit | BROWN FORMAN CORPcl a | $0 | – | -6,425 | – | -0.46% | – |
| GILD | Exit | GILEAD SCIENCES INC | $0 | – | -7,200 | – | -0.48% | – |
| LTRPA | Exit | LIBERTY TRIPADVISOR HOLDINGS INC | $0 | – | -36,014 | – | -0.54% | – |
| NEBLQ | Exit | NOBLE CORP PLC | $0 | – | -73,250 | – | -0.54% | – |
| UN | Exit | UNILEVER NV | $0 | – | -25,585 | – | -0.69% | – |
| BUD | Exit | ANHEUSER BUSCH INBEV SA/NVsponsored adr | $0 | – | -9,900 | – | -0.71% | – |
| WFC | Exit | WELLS FARGO & CO NEW | $0 | – | -21,240 | – | -0.73% | – |
| NSR | Exit | NEUSTAR INCcl a | $0 | – | -45,000 | – | -0.82% | – |
| VIAB | Exit | VIACOM INC NEWcl b | $0 | – | -29,000 | – | -0.84% | – |
| ATVI | Exit | ACTIVISION BLIZZARD INC | $0 | – | -41,500 | – | -0.86% | – |
| WMB | Exit | WILLIAMS COS INC DEL | $0 | – | -40,000 | – | -0.99% | – |
| GOOGL | Exit | GOOGLE INCcl a | $0 | – | -2,552 | – | -1.10% | – |
| PM | Exit | PHILIP MORRIS INTL INC | $0 | – | -20,570 | – | -1.10% | – |
| MA | Exit | MASTERCARD INCcl a | $0 | – | -18,925 | – | -1.15% | – |
| BRKA | Exit | BERKSHIRE HATHAWAY INC DELcl a | $0 | – | -12 | – | -1.57% | – |
| LVNTA | Exit | LIBERTY INTERACTIVE CORP | $0 | – | -62,190 | – | -1.69% | – |
| MSFT | Exit | MICROSOFT CORP | $0 | – | -65,650 | – | -1.95% | – |
| GOOG | Exit | GOOGLE INCcl c | $0 | – | -4,995 | – | -2.04% | – |
| EQIX | Exit | EQUINIX INC | $0 | – | -12,536 | – | -2.30% | – |
| BCOR | Exit | BLUCORA INC | $0 | – | -266,058 | – | -2.46% | – |
| KING | Exit | KING DIGITAL ENTMT PLC | $0 | – | -309,520 | – | -2.82% | – |
| GS | Exit | GOLDMAN SACHS GROUP INC | $0 | – | -26,580 | – | -3.10% | – |
| QRTEA | Exit | LIBERTY INTERACTIVE CORP | $0 | – | -184,123 | – | -3.24% | – |
| C | Exit | CITIGROUP INC | $0 | – | -126,767 | – | -4.23% | – |
| GME | Exit | GAMESTOP CORP NEWcl a | $0 | – | -154,997 | – | -4.29% | – |
| IDCC | Exit | INTERDIGITAL INC | $0 | – | -135,880 | – | -4.62% | – |
| SBAC | Exit | SBA COMMUNICATIONS CORP | $0 | – | -687,295 | – | -48.37% | – |
Q3 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SBAC | Sell | SBA COMMUNICATIONS CORP | $71,987,000 | -9.9% | 687,295 | -1.2% | 48.37% | -1.8% |
| GME | Sell | GAMESTOP CORP NEWcl a | $6,387,000 | -9.9% | 154,997 | -6.1% | 4.29% | -1.7% |
| C | Buy | CITIGROUP INC | $6,289,000 | -4.9% | 126,767 | +5.8% | 4.23% | +3.7% |
| GS | Buy | GOLDMAN SACHS GROUP INC | $4,619,000 | -10.0% | 26,580 | +8.1% | 3.10% | -1.8% |
| KING | Buy | KING DIGITAL ENTMT PLC | $4,191,000 | +13.3% | 309,520 | +19.3% | 2.82% | +23.6% |
| BCOR | Buy | BLUCORA INC | $3,664,000 | -7.1% | 266,058 | +8.9% | 2.46% | +1.3% |
| EQIX | Sell | EQUINIX INC | $3,427,000 | -3.2% | 12,536 | -10.1% | 2.30% | +5.5% |
| GOOG | Buy | GOOGLE INCcl c | $3,039,000 | +33.3% | 4,995 | +14.1% | 2.04% | +45.4% |
| ATVI | Sell | ACTIVISION BLIZZARD INC | $1,282,000 | -35.9% | 41,500 | -49.8% | 0.86% | -30.1% |
| VIAB | Buy | VIACOM INC NEWcl b | $1,251,000 | -3.2% | 29,000 | +45.0% | 0.84% | +5.5% |
| GILD | New | GILEAD SCIENCES INC | $707,000 | – | 7,200 | – | 0.48% | – |
| BFA | Sell | BROWN FORMAN CORPcl a | $687,000 | -5.5% | 6,425 | -1.5% | 0.46% | +3.1% |
| CMCSK | Sell | COMCAST CORP NEWcl a spl | $343,000 | -5.8% | 6,000 | -1.2% | 0.23% | +2.7% |
| OC | Sell | OWENS CORNING NEW | $291,000 | -7.6% | 6,940 | -9.2% | 0.20% | +1.0% |
| MAT | Buy | NABORS INDUSTRIES LTD | $276,000 | +69.3% | 21,390 | +236.9% | 0.18% | +85.0% |
| CCK | Sell | CROWN HOLDINGS INC | $265,000 | -28.4% | 5,800 | -17.0% | 0.18% | -21.9% |
| HTZ | Buy | HERTZ GLOBAL HOLDINGS INC | $245,000 | +39.2% | 14,650 | +51.0% | 0.16% | +52.8% |
| OXY | Buy | OCCIDENTAL PETE CORP DEL | $234,000 | -2.5% | 3,530 | +14.2% | 0.16% | +6.1% |
| OI | Buy | OWENS ILL INC | $231,000 | -6.1% | 11,160 | +4.2% | 0.16% | +2.0% |
| DVN | Buy | DEVON ENERGY CORP NEW | $209,000 | -16.4% | 5,630 | +34.0% | 0.14% | -9.1% |
| BIG | Buy | BIG LOTS INC | $194,000 | +19.0% | 4,050 | +11.6% | 0.13% | +30.0% |
| AA | Buy | ALCOA INC | $191,000 | -4.5% | 19,820 | +10.7% | 0.13% | +4.1% |
| FCX | Buy | FREEPORT-MCMORAN INCcl b | $134,000 | -30.6% | 13,800 | +33.2% | 0.09% | -24.4% |
| ATI | Buy | ALLEGHENY TECHNOLOGIES INC | $120,000 | -31.4% | 8,480 | +46.0% | 0.08% | -25.0% |
| FLOW | New | SPX FLOW INC | $103,000 | – | 2,980 | – | 0.07% | – |
| PGNPQ | Sell | PARAGON OFFSHORE PLC | $6,000 | -88.2% | 24,416 | -48.1% | 0.00% | -87.1% |
| CNW | Exit | CON-WAY INC | $0 | – | -2,800 | – | -0.07% | – |
| CNX | Exit | CONSOL ENERGY INC | $0 | – | -5,950 | – | -0.08% | – |
| NBR | Exit | NABORS INDUSTRIES LTD | $0 | – | -15,040 | – | -0.13% | – |
| ORCL | Exit | ORACLE CORP | $0 | – | -23,700 | – | -0.59% | – |
Q2 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SBAC | New | SBA COMMUNICATIONS CORP | $79,938,000 | – | 695,295 | – | 49.25% | – |
| IDCC | New | INTERDIGITAL INC | $7,730,000 | – | 135,880 | – | 4.76% | – |
| GME | New | GAMESTOP CORP NEWcl a | $7,088,000 | – | 164,997 | – | 4.37% | – |
| C | New | CITIGROUP INC | $6,616,000 | – | 119,767 | – | 4.08% | – |
| GS | New | GOLDMAN SACHS GROUP INC | $5,132,000 | – | 24,580 | – | 3.16% | – |
| QRTEA | New | LIBERTY INTERACTIVE CORP | $5,109,000 | – | 184,123 | – | 3.15% | – |
| BCOR | New | BLUCORA INC | $3,945,000 | – | 244,295 | – | 2.43% | – |
| KING | New | KING DIGITAL ENTMT PLC | $3,698,000 | – | 259,520 | – | 2.28% | – |
| EQIX | New | EQUINIX INC | $3,542,000 | – | 13,946 | – | 2.18% | – |
| MSFT | New | MICROSOFT CORP | $2,898,000 | – | 65,650 | – | 1.78% | – |
| BRKA | New | BERKSHIRE HATHAWAY INC DELcl a | $2,458,000 | – | 12 | – | 1.51% | – |
| LVNTA | New | LIBERTY INTERACTIVE CORP | $2,442,000 | – | 62,190 | – | 1.50% | – |
| WMB | New | WILLIAMS COS INC DEL | $2,296,000 | – | 40,000 | – | 1.41% | – |
| GOOG | New | GOOGLE INCcl c | $2,279,000 | – | 4,379 | – | 1.40% | – |
| ATVI | New | ACTIVISION BLIZZARD INC | $2,000,000 | – | 82,600 | – | 1.23% | – |
| MA | New | MASTERCARD INCcl a | $1,769,000 | – | 18,925 | – | 1.09% | – |
| PM | New | PHILIP MORRIS INTL INC | $1,649,000 | – | 20,570 | – | 1.02% | – |
| GOOGL | New | GOOGLE INCcl a | $1,378,000 | – | 2,552 | – | 0.85% | – |
| NSR | New | NEUSTAR INCcl a | $1,314,000 | – | 45,000 | – | 0.81% | – |
| VIAB | New | VIACOM INC NEWcl b | $1,293,000 | – | 20,000 | – | 0.80% | – |
| WFC | New | WELLS FARGO & CO NEW | $1,195,000 | – | 21,240 | – | 0.74% | – |
| BUD | New | ANHEUSER BUSCH INBEV SA/NVsponsored adr | $1,195,000 | – | 9,900 | – | 0.74% | – |
| LTRPA | New | LIBERTY TRIPADVISOR HOLDINGS INC | $1,160,000 | – | 36,014 | – | 0.72% | – |
| NEBLQ | New | NOBLE CORP PLC | $1,127,000 | – | 73,250 | – | 0.69% | – |
| UN | New | UNILEVER NV | $1,070,000 | – | 25,585 | – | 0.66% | – |
| ORCL | New | ORACLE CORP | $955,000 | – | 23,700 | – | 0.59% | – |
| BFA | New | BROWN FORMAN CORPcl a | $727,000 | – | 6,525 | – | 0.45% | – |
| FLR | New | FLUOR CORP NEW | $689,000 | – | 13,000 | – | 0.42% | – |
| MO | New | ALTRIA GROUP INC | $538,000 | – | 11,000 | – | 0.33% | – |
| WW | New | WEIGHT WATCHERS INTL INC NEW | $506,000 | – | 104,400 | – | 0.31% | – |
| MLM | New | MARTIN MARIETTA MATLS INC | $425,000 | – | 3,000 | – | 0.26% | – |
| CCK | New | CROWN HOLDINGS INC | $370,000 | – | 6,990 | – | 0.23% | – |
| CMCSK | New | COMCAST CORP NEWcl a spl | $364,000 | – | 6,075 | – | 0.22% | – |
| D | New | DOMINION RES INC VA NEW | $357,000 | – | 5,340 | – | 0.22% | – |
| CAG | New | CONAGRA FOODS INC | $331,000 | – | 7,560 | – | 0.20% | – |
| DOW | New | DOW CHEM CO | $327,000 | – | 6,400 | – | 0.20% | – |
| WY | New | WEYERHAEUSER CO | $320,000 | – | 10,160 | – | 0.20% | – |
| OC | New | OWENS CORNING NEW | $315,000 | – | 7,640 | – | 0.19% | – |
| TGT | New | TARGET CORP | $315,000 | – | 3,860 | – | 0.19% | – |
| RTN | New | RAYTHEON CO | $307,000 | – | 3,210 | – | 0.19% | – |
| RSG | New | REPUBLIC SVCS INC | $302,000 | – | 7,700 | – | 0.19% | – |
| OKE | New | ONEOK INC NEW | $272,000 | – | 6,900 | – | 0.17% | – |
| New | HD SUPPLY HLDGS INC | $271,000 | – | 7,690 | – | 0.17% | – | |
| IP | New | INTL PAPER CO | $259,000 | – | 5,450 | – | 0.16% | – |
| DVN | New | DEVON ENERGY CORP NEW | $250,000 | – | 4,200 | – | 0.15% | – |
| OI | New | OWENS ILL INC | $246,000 | – | 10,710 | – | 0.15% | – |
| OXY | New | OCCIDENTAL PETE CORP DEL | $240,000 | – | 3,090 | – | 0.15% | – |
| USG | New | U S G CORP | $223,000 | – | 8,020 | – | 0.14% | – |
| NBR | New | NABORS INDUSTRIES LTD | $217,000 | – | 15,040 | – | 0.13% | – |
| SPXC | New | SPX CORP | $216,000 | – | 2,980 | – | 0.13% | – |
| AA | New | ALCOA INC | $200,000 | – | 17,910 | – | 0.12% | – |
| FCX | New | FREEPORT-MCMORAN INCcl b | $193,000 | – | 10,360 | – | 0.12% | – |
| FMC | New | F M C CORP | $190,000 | – | 3,620 | – | 0.12% | – |
| TJX | New | TJX COS INC NEW | $183,000 | – | 2,770 | – | 0.11% | – |
| HTZ | New | HERTZ GLOBAL HOLDINGS INC | $176,000 | – | 9,700 | – | 0.11% | – |
| ATI | New | ALLEGHENY TECHNOLOGIES INC | $175,000 | – | 5,810 | – | 0.11% | – |
| BRKB | New | BERKSHIRE HATHAWAY INC DELcl b new | $174,000 | – | 1,275 | – | 0.11% | – |
| MAT | New | MATTEL INC | $163,000 | – | 6,350 | – | 0.10% | – |
| BIG | New | BIG LOTS INC | $163,000 | – | 3,630 | – | 0.10% | – |
| BLL | New | BALL CORP | $160,000 | – | 2,280 | – | 0.10% | – |
| SEE | New | SEALED AIR CORP NEW | $157,000 | – | 3,050 | – | 0.10% | – |
| V | New | VISA INC | $154,000 | – | 2,300 | – | 0.10% | – |
| CNX | New | CONSOL ENERGY INC | $129,000 | – | 5,950 | – | 0.08% | – |
| SNI | New | SCRIPPS NETWORKS INTERACT INC | $114,000 | – | 1,750 | – | 0.07% | – |
| CNW | New | CON-WAY INC | $107,000 | – | 2,800 | – | 0.07% | – |
| FMX | New | FOMENTO ECONOMICO MEXICANO Sspon adr units | $71,000 | – | 800 | – | 0.04% | – |
| AXP | New | AMERICAN EXPRESS CO | $51,000 | – | 650 | – | 0.03% | – |
| PGNPQ | New | PARAGON OFFSHORE PLC | $51,000 | – | 47,036 | – | 0.03% | – |
| KO | New | COCA COLA CO | $46,000 | – | 1,175 | – | 0.03% | – |
Q4 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| KO | Exit | COCA COLA CO | $0 | – | -1,175 | – | -0.03% | – |
| AXP | Exit | AMERICAN EXPRESS CO | $0 | – | -650 | – | -0.03% | – |
| Exit | HD SUPPLY HLDGS INC | $0 | – | -2,660 | – | -0.04% | – | |
| FMX | Exit | FOMENTO ECONOMICO MEXICANO Sspon adr units | $0 | – | -800 | – | -0.04% | – |
| KMI | Exit | KINDER MORGAN INC DEL | $0 | – | -3,054 | – | -0.07% | – |
| GHC | Exit | GRAHAM HLDGS CO | $0 | – | -170 | – | -0.07% | – |
| NEWM | Exit | NEW MEDIA INVT GROUP INC | $0 | – | -7,415 | – | -0.07% | – |
| V | Exit | VISA INC | $0 | – | -575 | – | -0.07% | – |
| CNW | Exit | CON-WAY INC | $0 | – | -2,800 | – | -0.08% | – |
| TJX | Exit | TJX COS INC NEW | $0 | – | -2,400 | – | -0.09% | – |
| PGNPQ | Exit | PARAGON OFFSHORE PLC | $0 | – | -24,417 | – | -0.09% | – |
| SPXC | Exit | SPX CORP | $0 | – | -1,690 | – | -0.10% | – |
| FMC | Exit | FMC CORP | $0 | – | -2,800 | – | -0.10% | – |
| XYL | Exit | XYLEM INC | $0 | – | -4,580 | – | -0.10% | – |
| SNI | Exit | SCRIPPS NETWORKS INTERACT INC | $0 | – | -2,100 | – | -0.10% | – |
| BLL | Exit | BALL CORP | $0 | – | -2,710 | – | -0.10% | – |
| SEE | Exit | SEALED AIR CORP NEW | $0 | – | -5,230 | – | -0.11% | – |
| ATI | Exit | ALLEGHENY TECHNOLOGIES INC | $0 | – | -4,980 | – | -0.11% | – |
| FCX | Exit | FREEPORT-MCMORAN INCcl b | $0 | – | -5,890 | – | -0.12% | – |
| BIG | Exit | BIG LOTS INC | $0 | – | -4,660 | – | -0.12% | – |
| USG | Exit | U S G CORP | $0 | – | -7,420 | – | -0.12% | – |
| RDC | Exit | ROWAN COMPANIES PLC | $0 | – | -8,230 | – | -0.13% | – |
| CAG | Exit | CONAGRA FOODS INC | $0 | – | -6,670 | – | -0.13% | – |
| CNX | Exit | CONSOL ENERGY INC | $0 | – | -5,950 | – | -0.14% | – |
| OC | Exit | OWENS CORNING NEW | $0 | – | -7,140 | – | -0.14% | – |
| BRKB | Exit | BERKSHIRE HATHAWAY INC DELcl b new | $0 | – | -1,725 | – | -0.14% | – |
| OXY | Exit | OCCIDENTAL PETE CORP DEL | $0 | – | -2,490 | – | -0.14% | – |
| DVN | Exit | DEVON ENERGY CORP NEW | $0 | – | -3,600 | – | -0.15% | – |
| AA | Exit | ALCOA INC | $0 | – | -15,400 | – | -0.15% | – |
| OI | Exit | OWENS ILL INC | $0 | – | -9,760 | – | -0.15% | – |
| TGT | Exit | TARGET CORP | $0 | – | -4,230 | – | -0.16% | – |
| NBR | Exit | NABORS INDUSTRIES LTD | $0 | – | -13,070 | – | -0.18% | – |
| RSG | Exit | REPUBLIC SVCS INC | $0 | – | -7,700 | – | -0.18% | – |
| WY | Exit | WEYERHAEUSER CO | $0 | – | -9,540 | – | -0.18% | – |
| CCK | Exit | CROWN HOLDINGS INC | $0 | – | -7,210 | – | -0.19% | – |
| IP | Exit | INTL PAPER CO | $0 | – | -6,920 | – | -0.20% | – |
| RTN | Exit | RAYTHEON CO | $0 | – | -3,260 | – | -0.20% | – |
| DOW | Exit | DOW CHEM CO | $0 | – | -6,400 | – | -0.20% | – |
| SWY | Exit | SAFEWAY INC | $0 | – | -11,090 | – | -0.23% | – |
| OKE | Exit | ONEOK INC NEW | $0 | – | -6,190 | – | -0.24% | – |
| MLM | Exit | MARTIN MARIETTA MATLS INC | $0 | – | -3,275 | – | -0.26% | – |
| NCT | Exit | NEWCASTLE INVT CORP | $0 | – | -34,238 | – | -0.26% | – |
| D | Exit | DOMINION RES INC VA NEW | $0 | – | -6,290 | – | -0.26% | – |
| CMCSK | Exit | COMCAST CORP NEWcl a spl | $0 | – | -8,500 | – | -0.28% | – |
| NRZ | Exit | NEW RESIDENTIAL INVT CORP | $0 | – | -102,715 | – | -0.36% | – |
| MO | Exit | ALTRIA GROUP INC | $0 | – | -13,350 | – | -0.37% | – |
| BFA | Exit | BROWN FORMAN CORPcl a | $0 | – | -7,650 | – | -0.41% | – |
| NSR | Exit | NEUSTAR INCcl a | $0 | – | -30,000 | – | -0.45% | – |
| ATVI | Exit | ACTIVISION BLIZZARD INC | $0 | – | -36,000 | – | -0.45% | – |
| UN | Exit | UNILEVER NV | $0 | – | -27,900 | – | -0.67% | – |
| BUD | Exit | ANHEUSER BUSCH INBEV SA/NVsponsored adr | $0 | – | -10,825 | – | -0.72% | – |
| LTRPA | Exit | LIBERTY TRIPADVISOR HOLDINGS INC | $0 | – | -36,014 | – | -0.74% | – |
| WFC | Exit | WELLS FARGO & CO NEW | $0 | – | -25,000 | – | -0.78% | – |
| LVNTA | Exit | LIBERTY INTERACTIVE CORP | $0 | – | -36,014 | – | -0.83% | – |
| GOOG | Exit | GOOGLE INCcl c | $0 | – | -2,552 | – | -0.89% | – |
| GOOGL | Exit | GOOGLE INCcl a | $0 | – | -2,552 | – | -0.91% | – |
| MA | Exit | MASTERCARD INCcl a | $0 | – | -20,580 | – | -0.92% | – |
| PM | Exit | PHILIP MORRIS INTL INC | $0 | – | -21,925 | – | -1.10% | – |
| WW | Exit | WEIGHT WATCHERS INTL INC NEW | $0 | – | -80,400 | – | -1.33% | – |
| CVS | Exit | CVS HEALTH CORP | $0 | – | -27,700 | – | -1.33% | – |
| WMB | Exit | WILLIAMS COS INC DEL | $0 | – | -40,000 | – | -1.34% | – |
| BRKA | Exit | BERKSHIRE HATHAWAY INC DELcl a | $0 | – | -12 | – | -1.50% | – |
| EQIX | Exit | EQUINIX INC | $0 | – | -11,900 | – | -1.53% | – |
| ORCL | Exit | ORACLE CORP | $0 | – | -93,700 | – | -2.17% | – |
| GS | Exit | GOLDMAN SACHS GROUP INC | $0 | – | -24,580 | – | -2.73% | – |
| MSFT | Exit | MICROSOFT CORP | $0 | – | -111,900 | – | -3.14% | – |
| QRTEA | Exit | LIBERTY INTERACTIVE CORP | $0 | – | -184,123 | – | -3.17% | – |
| C | Exit | CITIGROUP INC | $0 | – | -119,767 | – | -3.75% | – |
| GME | Exit | GAMESTOP CORP NEWcl a | $0 | – | -159,000 | – | -3.96% | – |
| IDCC | Exit | INTERDIGITAL INC | $0 | – | -175,480 | – | -4.22% | – |
| SBAC | Exit | SBA COMMUNICATIONS CORP | $0 | – | -807,652 | – | -54.14% | – |
Q3 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SBAC | Sell | SBA COMMUNICATIONS CORP | $89,568,000 | +3.3% | 807,652 | -4.7% | 54.14% | +1.1% |
| GME | Buy | GAMESTOP CORP NEWcl a | $6,551,000 | +16.5% | 159,000 | +14.4% | 3.96% | +14.0% |
| MSFT | Sell | MICROSOFT CORP | $5,188,000 | -10.9% | 111,900 | -19.9% | 3.14% | -12.8% |
| WW | Buy | WEIGHT WATCHERS INTL INC NEW | $2,206,000 | +160.4% | 80,400 | +91.4% | 1.33% | +154.9% |
| MA | Buy | MASTERCARD INCcl a | $1,521,000 | +2.6% | 20,580 | +2.0% | 0.92% | +0.3% |
| LTRPA | New | LIBERTY TRIPADVISOR HOLDINGS INC | $1,221,000 | – | 36,014 | – | 0.74% | – |
| BUD | Buy | ANHEUSER BUSCH INBEV SA/NVsponsored adr | $1,200,000 | -2.2% | 10,825 | +1.4% | 0.72% | -4.4% |
| UN | Buy | UNILEVER NV | $1,107,000 | -6.0% | 27,900 | +3.6% | 0.67% | -8.0% |
| NCT | Sell | NEWCASTLE INVT CORP | $434,000 | -11.8% | 34,238 | -66.7% | 0.26% | -13.8% |
| SWY | Sell | SAFEWAY INC | $380,000 | -7.3% | 11,090 | -7.1% | 0.23% | -9.1% |
| DOW | Sell | DOW CHEM CO | $336,000 | -12.0% | 6,400 | -13.9% | 0.20% | -14.0% |
| IP | Sell | INTL PAPER CO | $330,000 | -8.8% | 6,920 | -3.6% | 0.20% | -11.2% |
| RSG | Sell | REPUBLIC SVCS INC | $300,000 | -8.3% | 7,700 | -10.7% | 0.18% | -10.4% |
| NBR | Sell | NABORS INDUSTRIES LTD | $297,000 | -23.3% | 13,070 | -0.8% | 0.18% | -24.7% |
| TGT | New | TARGET CORP | $265,000 | – | 4,230 | – | 0.16% | – |
| OI | Sell | OWENS ILL INC | $254,000 | -28.5% | 9,760 | -4.8% | 0.15% | -29.7% |
| AA | Sell | ALCOA INC | $248,000 | -21.3% | 15,400 | -27.1% | 0.15% | -23.1% |
| OXY | Buy | OCCIDENTAL PETE CORP DEL | $239,000 | +7.2% | 2,490 | +14.7% | 0.14% | +4.3% |
| OC | Buy | OWENS CORNING NEW | $227,000 | -2.2% | 7,140 | +19.0% | 0.14% | -4.2% |
| CAG | Buy | CONAGRA FOODS INC | $220,000 | +27.2% | 6,670 | +14.6% | 0.13% | +24.3% |
| RDC | Buy | ROWAN COMPANIES PLC | $208,000 | -0.5% | 8,230 | +26.0% | 0.13% | -2.3% |
| USG | Buy | U S G CORP | $204,000 | -1.4% | 7,420 | +7.8% | 0.12% | -3.9% |
| BIG | Sell | BIG LOTS INC | $201,000 | -7.8% | 4,660 | -2.5% | 0.12% | -10.4% |
| FCX | New | FREEPORT-MCMORAN INCcl b | $192,000 | – | 5,890 | – | 0.12% | – |
| SEE | Sell | SEALED AIR CORP NEW | $182,000 | -11.7% | 5,230 | -13.3% | 0.11% | -13.4% |
| BLL | Sell | BALL CORP | $171,000 | -10.9% | 2,710 | -11.4% | 0.10% | -13.4% |
| XYL | Sell | XYLEM INC | $163,000 | -32.6% | 4,580 | -26.0% | 0.10% | -33.6% |
| SPXC | Buy | SPX CORP | $159,000 | +10.4% | 1,690 | +27.1% | 0.10% | +7.9% |
| PGNPQ | New | PARAGON OFFSHORE PLC | $150,000 | – | 24,417 | – | 0.09% | – |
| V | Buy | VISA INC | $123,000 | +17.1% | 575 | +15.0% | 0.07% | +13.8% |
| KMI | Sell | KINDER MORGAN INC DEL | $117,000 | -30.4% | 3,054 | -34.0% | 0.07% | -31.7% |
| FMX | Buy | FOMENTO ECONOMICO MEXICANO Sspon adr units | $74,000 | +12.1% | 800 | +14.3% | 0.04% | +9.8% |
| New | HD SUPPLY HLDGS INC | $73,000 | – | 2,660 | – | 0.04% | – | |
| KO | Buy | COCA COLA CO | $50,000 | +28.2% | 1,175 | +27.0% | 0.03% | +25.0% |
| OGS | Exit | ONE GAS INC | $0 | – | -1,117 | – | -0.03% | – |
| AVP | Exit | AVON PRODS INC | $0 | – | -4,990 | – | -0.04% | – |
Q2 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SBAC | New | SBA COMMUNICATIONS CORP | $86,715,000 | – | 847,652 | – | 53.54% | – |
| IDCC | New | INTERDIGITAL INC | $8,388,000 | – | 175,480 | – | 5.18% | – |
| MSFT | New | MICROSOFT CORP | $5,825,000 | – | 139,700 | – | 3.60% | – |
| C | New | CITIGROUP INC | $5,641,000 | – | 119,767 | – | 3.48% | – |
| GME | New | GAMESTOP CORP NEWcl a | $5,625,000 | – | 139,000 | – | 3.47% | – |
| QRTEA | New | LIBERTY INTERACTIVE CORP | $5,406,000 | – | 184,123 | – | 3.34% | – |
| GS | New | GOLDMAN SACHS GROUP INC | $4,116,000 | – | 24,580 | – | 2.54% | – |
| ORCL | New | ORACLE CORP | $3,798,000 | – | 93,700 | – | 2.34% | – |
| LVNTA | New | LIBERTY INTERACTIVE CORP | $2,658,000 | – | 36,014 | – | 1.64% | – |
| EQIX | New | EQUINIX INC | $2,500,000 | – | 11,900 | – | 1.54% | – |
| WMB | New | WILLIAMS COS INC DEL | $2,328,000 | – | 40,000 | – | 1.44% | – |
| BRKA | New | BERKSHIRE HATHAWAY INC DELcl a | $2,279,000 | – | 12 | – | 1.41% | – |
| CVS | New | CVS CAREMARK CORPORATION | $2,088,000 | – | 27,700 | – | 1.29% | – |
| PM | New | PHILIP MORRIS INTL INC | $1,848,000 | – | 21,925 | – | 1.14% | – |
| GOOGL | New | GOOGLE INCcl c | $1,492,000 | – | 2,552 | – | 0.92% | – |
| MA | New | MASTERCARD INCcl a | $1,483,000 | – | 20,180 | – | 0.92% | – |
| GOOG | New | GOOGLE INCcl a | $1,468,000 | – | 2,552 | – | 0.91% | – |
| WFC | New | WELLS FARGO & CO NEW | $1,314,000 | – | 25,000 | – | 0.81% | – |
| BUD | New | ANHEUSER BUSCH INBEV SA/NVsponsored adr | $1,227,000 | – | 10,675 | – | 0.76% | – |
| UN | New | UNILEVER N V | $1,178,000 | – | 26,920 | – | 0.73% | – |
| WW | New | WEIGHT WATCHERS INTL INC NEW | $847,000 | – | 42,000 | – | 0.52% | – |
| ATVI | New | ACTIVISION BLIZZARD INC | $803,000 | – | 36,000 | – | 0.50% | – |
| NSR | New | NEUSTAR INCcl a | $781,000 | – | 30,000 | – | 0.48% | – |
| BFA | New | BROWN FORMAN CORPcl a | $706,000 | – | 7,650 | – | 0.44% | – |
| NRZ | New | NEW RESIDENTIAL INVT CORP | $647,000 | – | 102,715 | – | 0.40% | – |
| MO | New | ALTRIA GROUP INC | $560,000 | – | 13,350 | – | 0.35% | – |
| NCT | New | NEWCASTLE INVT CORP | $492,000 | – | 102,715 | – | 0.30% | – |
| CMCSK | New | COMCAST CORP NEWcl a spl | $453,000 | – | 8,500 | – | 0.28% | – |
| D | New | DOMINION RES INC VA NEW | $450,000 | – | 6,290 | – | 0.28% | – |
| MLM | New | MARTIN MARIETTA MATLS INC | $432,000 | – | 3,275 | – | 0.27% | – |
| OKE | New | ONEOK INC NEW | $421,000 | – | 6,190 | – | 0.26% | – |
| SWY | New | SAFEWAY INC | $410,000 | – | 11,940 | – | 0.25% | – |
| NBR | New | NABORS INDUSTRIES LTD | $387,000 | – | 13,170 | – | 0.24% | – |
| DOW | New | DOW CHEM CO | $382,000 | – | 7,430 | – | 0.24% | – |
| IP | New | INTL PAPER CO | $362,000 | – | 7,180 | – | 0.22% | – |
| CCK | New | CROWN HOLDINGS INC | $359,000 | – | 7,210 | – | 0.22% | – |
| OI | New | OWENS ILL INC | $355,000 | – | 10,250 | – | 0.22% | – |
| RSG | New | REPUBLIC SVCS INC | $327,000 | – | 8,620 | – | 0.20% | – |
| AA | New | ALCOA INC | $315,000 | – | 21,130 | – | 0.20% | – |
| WY | New | WEYERHAEUSER CO | $316,000 | – | 9,540 | – | 0.20% | – |
| RTN | New | RAYTHEON CO | $301,000 | – | 3,260 | – | 0.19% | – |
| DVN | New | DEVON ENERGY CORP NEW | $286,000 | – | 3,600 | – | 0.18% | – |
| CNX | New | CONSOL ENERGY INC | $274,000 | – | 5,950 | – | 0.17% | – |
| XYL | New | XYLEM INC | $242,000 | – | 6,190 | – | 0.15% | – |
| OC | New | OWENS CORNING NEW | $232,000 | – | 6,000 | – | 0.14% | – |
| ATI | New | ALLEGHENY TECHNOLOGIES INC | $225,000 | – | 4,980 | – | 0.14% | – |
| OXY | New | OCCIDENTAL PETE CORP DEL | $223,000 | – | 2,170 | – | 0.14% | – |
| BRKB | New | BERKSHIRE HATHAWAY INC DELcl b new | $218,000 | – | 1,725 | – | 0.14% | – |
| BIG | New | BIG LOTS INC | $218,000 | – | 4,780 | – | 0.14% | – |
| RDC | New | ROWAN COMPANIES PLC | $209,000 | – | 6,530 | – | 0.13% | – |
| USG | New | U S G CORP | $207,000 | – | 6,880 | – | 0.13% | – |
| SEE | New | SEALED AIR CORP NEW | $206,000 | – | 6,030 | – | 0.13% | – |
| FMC | New | FMC CORP | $199,000 | – | 2,800 | – | 0.12% | – |
| BLL | New | BALL CORP | $192,000 | – | 3,060 | – | 0.12% | – |
| CAG | New | CONAGRA FOODS INC | $173,000 | – | 5,820 | – | 0.11% | – |
| SNI | New | SCRIPPS NETWORKS INTERACT INC | $170,000 | – | 2,100 | – | 0.10% | – |
| KMI | New | KINDER MORGAN INC DEL | $168,000 | – | 4,624 | – | 0.10% | – |
| SPXC | New | SPX CORP | $144,000 | – | 1,330 | – | 0.09% | – |
| CNW | New | CON-WAY INC | $141,000 | – | 2,800 | – | 0.09% | – |
| TJX | New | TJX COS INC NEW | $128,000 | – | 2,400 | – | 0.08% | – |
| GHC | New | GRAHAM HLDGS CO | $122,000 | – | 170 | – | 0.08% | – |
| V | New | VISA INC | $105,000 | – | 500 | – | 0.06% | – |
| NEWM | New | NEW MEDIA INVT GROUP INC | $105,000 | – | 7,415 | – | 0.06% | – |
| AVP | New | AVON PRODS INC | $73,000 | – | 4,990 | – | 0.04% | – |
| FMX | New | FOMENTO ECONOMICO MEXICANO Sspon adr units | $66,000 | – | 700 | – | 0.04% | – |
| AXP | New | AMERICAN EXPRESS CO | $62,000 | – | 650 | – | 0.04% | – |
| OGS | New | ONE GAS INC | $42,000 | – | 1,117 | – | 0.03% | – |
| KO | New | COCA COLA CO | $39,000 | – | 925 | – | 0.02% | – |
Q4 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BRKB | Exit | BERKSHIRE HATHAWAY INC DELcl b new | $0 | – | -350 | – | -0.03% | – |
| MAS | Exit | MASCO CORP | $0 | – | -3,290 | – | -0.05% | – |
| FMC | Exit | FMC CORP | $0 | – | -1,300 | – | -0.07% | – |
| AVP | Exit | AVON PRODS INC | $0 | – | -4,990 | – | -0.07% | – |
| WPO | Exit | WASHINGTON POST COcl b | $0 | – | -170 | – | -0.08% | – |
| SPXC | Exit | SPX CORP | $0 | – | -1,330 | – | -0.08% | – |
| CNW | Exit | CON-WAY INC | $0 | – | -2,800 | – | -0.09% | – |
| FBHS | Exit | FORTUNE BRANDS HOME & SEC INC | $0 | – | -3,190 | – | -0.10% | – |
| TJX | Exit | TJX COS INC NEW | $0 | – | -2,400 | – | -0.10% | – |
| BLL | Exit | BALL CORP | $0 | – | -3,060 | – | -0.10% | – |
| USG | Exit | USG CORP | $0 | – | -5,150 | – | -0.11% | – |
| ATI | Exit | ALLEGHENY TECHNOLOGIES INC | $0 | – | -5,010 | – | -0.11% | – |
| WM | Exit | WASTE MGMT INC DEL | $0 | – | -3,700 | – | -0.11% | – |
| WY | Exit | WEYERHAEUSER CO | $0 | – | -5,480 | – | -0.11% | – |
| KMI | Exit | KINDER MORGAN INC DEL | $0 | – | -4,624 | – | -0.12% | – |
| SNI | Exit | SCRIPPS NETWORKS INTERACT INC | $0 | – | -2,100 | – | -0.12% | – |
| SEE | Exit | SEALED AIR CORP NEW | $0 | – | -6,030 | – | -0.12% | – |
| CNX | Exit | CONSOL ENERGY INC | $0 | – | -4,970 | – | -0.12% | – |
| OC | Exit | OWENS CORNING NEW | $0 | – | -4,590 | – | -0.12% | – |
| AA | Exit | ALCOA INC | $0 | – | -21,850 | – | -0.13% | – |
| XYL | Exit | XYLEM INC | $0 | – | -6,950 | – | -0.14% | – |
| BIG | Exit | BIG LOTS INC | $0 | – | -5,530 | – | -0.15% | – |
| RDC | Exit | ROWAN COMPANIES PLC | $0 | – | -5,610 | – | -0.15% | – |
| DVN | Exit | DEVON ENERGY CORP NEW | $0 | – | -3,600 | – | -0.15% | – |
| BEAM | Exit | BEAM INC | $0 | – | -3,350 | – | -0.16% | – |
| IP | Exit | INTL PAPER CO | $0 | – | -4,980 | – | -0.16% | – |
| CCK | Exit | CROWN HOLDINGS INC | $0 | – | -5,570 | – | -0.17% | – |
| NBR | Exit | NABORS INDUSTRIES LTD | $0 | – | -16,420 | – | -0.19% | – |
| DOW | Exit | DOW CHEM CO | $0 | – | -6,930 | – | -0.19% | – |
| OKE | Exit | ONEOK INC NEW | $0 | – | -5,110 | – | -0.20% | – |
| OI | Exit | OWENS ILL INC | $0 | – | -9,310 | – | -0.20% | – |
| RSG | Exit | REPUBLIC SVCS INC | $0 | – | -8,620 | – | -0.21% | – |
| RTN | Exit | RAYTHEON CO | $0 | – | -4,030 | – | -0.22% | – |
| MLM | Exit | MARTIN MARIETTA MATLS INC | $0 | – | -3,275 | – | -0.23% | – |
| CMCSK | Exit | COMCAST CORP NEWcl a spl | $0 | – | -8,500 | – | -0.26% | – |
| D | Exit | DOMINION RES INC VA NEW | $0 | – | -6,290 | – | -0.28% | – |
| BFA | Exit | BROWN FORMAN CORPcl a | $0 | – | -6,375 | – | -0.30% | – |
| SWY | Exit | SAFEWAY INC | $0 | – | -13,360 | – | -0.31% | – |
| MO | Exit | ALTRIA GROUP INC | $0 | – | -16,225 | – | -0.40% | – |
| NCT | Exit | NEWCASTLE INVT CORP | $0 | – | -102,715 | – | -0.42% | – |
| NRZ | Exit | NEW RESIDENTIAL INVT CORP | $0 | – | -102,715 | – | -0.49% | – |
| UN | Exit | UNILEVER N V | $0 | – | -18,500 | – | -0.50% | – |
| BUD | Exit | ANHEUSER BUSH INBEV SA/NVsponsored adr | $0 | – | -8,425 | – | -0.60% | – |
| S | Exit | SPRINT CORP | $0 | – | -150,111 | – | -0.67% | – |
| WFC | Exit | WELLS FARGO & CO NEW | $0 | – | -25,000 | – | -0.74% | – |
| MA | Exit | MASTERCARD INCclass a | $0 | – | -1,700 | – | -0.82% | – |
| PM | Exit | PHILIP MORRIS INTL INC | $0 | – | -16,150 | – | -1.01% | – |
| WMB | Exit | WILLIAMS COS INC DEL | $0 | – | -42,920 | – | -1.12% | – |
| BRKA | Exit | BERKSHIRE HATHAWAY INC DELcl a | $0 | – | -10 | – | -1.23% | – |
| NE | Exit | NOBLE CORPORATION BAARnamen -akt | $0 | – | -73,250 | – | -2.00% | – |
| GME | Exit | GAMESTOP CORPcl a | $0 | – | -59,900 | – | -2.14% | – |
| GOOGL | Exit | GOOGLE INCcl a | $0 | – | -3,425 | – | -2.16% | – |
| ORCL | Exit | ORACLE CORP | $0 | – | -93,700 | – | -2.24% | – |
| LVNTA | Exit | LIBERTY INTERACTIVE CORP | $0 | – | -37,657 | – | -2.39% | – |
| GS | Exit | GOLDMAN SACHS GROUP INC | $0 | – | -22,380 | – | -2.55% | – |
| IDCC | Exit | INTERDIGITAL INC | $0 | – | -106,680 | – | -2.87% | – |
| MCK | Exit | MCKESSON CORP | $0 | – | -32,800 | – | -3.03% | – |
| QRTEA | Exit | LIBERTY INTERACTIVE CORP | $0 | – | -184,123 | – | -3.12% | – |
| C | Exit | CITIGROUP INC | $0 | – | -106,117 | – | -3.71% | – |
| MSFT | Exit | MICROSOFT CORP | $0 | – | -169,700 | – | -4.07% | – |
| SBAC | Exit | SBA COMMUNICATIONS CORP | $0 | – | -967,147 | – | -56.09% | – |
Q3 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SBAC | Buy | SBA COMMUNICATIONS CORP | $77,817,000 | +9.9% | 967,147 | +1.3% | 56.09% | +5.2% |
| MSFT | Buy | MICROSOFT CORP | $5,648,000 | +5.5% | 169,700 | +9.5% | 4.07% | +0.9% |
| C | Buy | CITIGROUP INC | $5,148,000 | +8.1% | 106,117 | +6.8% | 3.71% | +3.4% |
| IDCC | Buy | INTERDIGITAL INC | $3,983,000 | +13.1% | 106,680 | +35.2% | 2.87% | +8.2% |
| GS | Buy | GOLDMAN SACHS GROUP INC | $3,541,000 | +22.1% | 22,380 | +16.7% | 2.55% | +16.8% |
| LVNTA | Buy | LIBERTY INTERACTIVE CORP | $3,320,000 | +21.8% | 37,657 | +17.5% | 2.39% | +16.6% |
| ORCL | Buy | ORACLE CORP | $3,108,000 | +21.5% | 93,700 | +12.5% | 2.24% | +16.2% |
| GOOGL | Sell | GOOGLE INCcl a | $3,000,000 | -18.0% | 3,425 | -17.6% | 2.16% | -21.5% |
| GME | Sell | GAMESTOP CORPcl a | $2,974,000 | -8.9% | 59,900 | -22.9% | 2.14% | -12.8% |
| NE | Buy | NOBLE CORPORATION BAARnamen -akt | $2,767,000 | +21.6% | 73,250 | +21.0% | 2.00% | +16.4% |
| BRKA | Sell | BERKSHIRE HATHAWAY INC DELcl a | $1,704,000 | -8.1% | 10 | -9.1% | 1.23% | -12.1% |
| WMB | Sell | WILLIAMS COS INC DEL | $1,560,000 | +6.2% | 42,920 | -5.1% | 1.12% | +1.6% |
| PM | Buy | PHILIP MORRIS INTL INC | $1,398,000 | +0.1% | 16,150 | +0.2% | 1.01% | -4.2% |
| MA | Buy | MASTERCARD INCclass a | $1,144,000 | +19.0% | 1,700 | +1.7% | 0.82% | +14.0% |
| WFC | Buy | WELLS FARGO & CO NEW | $1,033,000 | +0.4% | 25,000 | +0.3% | 0.74% | -3.9% |
| S | New | SPRINT CORP | $934,000 | – | 150,111 | – | 0.67% | – |
| BUD | Buy | ANHEUSER BUSH INBEV SA/NVsponsored adr | $836,000 | +11.3% | 8,425 | +1.2% | 0.60% | +6.5% |
| UN | Buy | UNILEVER N V | $698,000 | -2.8% | 18,500 | +1.2% | 0.50% | -7.0% |
| D | Buy | DOMINION RES INC VA NEW | $393,000 | +20.2% | 6,290 | +9.4% | 0.28% | +15.0% |
| RTN | Sell | RAYTHEON CO | $311,000 | +9.5% | 4,030 | -6.3% | 0.22% | +4.7% |
| OI | Sell | OWENS ILL INC | $279,000 | +3.3% | 9,310 | -4.1% | 0.20% | -1.0% |
| DOW | Sell | DOW CHEM CO | $266,000 | +13.7% | 6,930 | -4.8% | 0.19% | +9.1% |
| NBR | Buy | NABORS INDUSTRIES LTD | $264,000 | +11.4% | 16,420 | +6.1% | 0.19% | +6.1% |
| CCK | Sell | CROWN HOLDINGS INC | $235,000 | -9.6% | 5,570 | -11.9% | 0.17% | -13.8% |
| IP | Sell | INTL PAPER CO | $223,000 | -9.3% | 4,980 | -10.4% | 0.16% | -13.0% |
| AA | New | ALCOA INC | $177,000 | – | 21,850 | – | 0.13% | – |
| OC | Buy | OWENS CORNING NEW | $174,000 | +52.6% | 4,590 | +57.7% | 0.12% | +45.3% |
| CNX | Buy | CONSOL ENERGY INC | $167,000 | +31.5% | 4,970 | +5.7% | 0.12% | +25.0% |
| SNI | Sell | SCRIPPS NETWORKS INTERACT INC | $164,000 | -18.0% | 2,100 | -30.0% | 0.12% | -21.9% |
| KMI | Buy | KINDER MORGAN INC DEL | $164,000 | +10.1% | 4,624 | +18.7% | 0.12% | +5.4% |
| SEE | Sell | SEALED AIR CORP NEW | $164,000 | -14.6% | 6,030 | -24.9% | 0.12% | -18.6% |
| WY | Buy | WEYERHAEUSER CO | $157,000 | +37.7% | 5,480 | +37.0% | 0.11% | +31.4% |
| ATI | Buy | ALLEGHENY TECHNOLOGIES INC | $153,000 | +142.9% | 5,010 | +108.8% | 0.11% | +134.0% |
| USG | Buy | USG CORP | $147,000 | +81.5% | 5,150 | +47.1% | 0.11% | +73.8% |
| BLL | Sell | BALL CORP | $137,000 | -32.8% | 3,060 | -37.6% | 0.10% | -35.7% |
| FBHS | Sell | FORTUNE BRANDS HOME & SEC INC | $133,000 | -8.3% | 3,190 | -14.7% | 0.10% | -11.9% |
| SPXC | New | SPX CORP | $113,000 | – | 1,330 | – | 0.08% | – |
| WPO | Sell | WASHINGTON POST COcl b | $104,000 | -5.5% | 170 | -25.4% | 0.08% | -9.6% |
| AVP | Buy | AVON PRODS INC | $103,000 | +30.4% | 4,990 | +33.4% | 0.07% | +23.3% |
| MAS | Sell | MASCO CORP | $70,000 | -48.1% | 3,290 | -52.4% | 0.05% | -51.0% |
| BRKB | Sell | BERKSHIRE HATHAWAY INC DELcl b new | $40,000 | -52.4% | 350 | -53.3% | 0.03% | -54.0% |
| PKG | Exit | PACKAGING CORP OF AMERICA | $0 | – | -630 | – | -0.02% | – |
| VOD | Exit | VODAFONE GROUP PLC | $0 | – | -44,275 | – | -0.96% | – |
| JNJ | Exit | JOHNSON & JOHNSON | $0 | – | -20,000 | – | -1.29% | – |
| DELL | Exit | DELL INC | $0 | – | -222,459 | – | -2.23% | – |
Q2 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SBAC | New | SBA COMMUNICATIONS CORP | $70,788,000 | – | 955,047 | – | 53.33% | – |
| MSFT | New | MICROSOFT CORP | $5,354,000 | – | 155,000 | – | 4.03% | – |
| C | New | CITIGROUP INC | $4,764,000 | – | 99,317 | – | 3.59% | – |
| QRTEA | New | LIBERTY INTERACTIVE CORP | $4,237,000 | – | 184,123 | – | 3.19% | – |
| MCK | New | MCKESSON CORP | $3,756,000 | – | 32,800 | – | 2.83% | – |
| GOOGL | New | GOOGLE INC | $3,658,000 | – | 4,155 | – | 2.76% | – |
| IDCC | New | INTERDIGITAL INC | $3,523,000 | – | 78,900 | – | 2.65% | – |
| GME | New | GAMESTOP CORP | $3,266,000 | – | 77,715 | – | 2.46% | – |
| DELL | New | DELL INC | $2,964,000 | – | 222,459 | – | 2.23% | – |
| GS | New | GOLDMAN SACHS GROUP INC | $2,901,000 | – | 19,180 | – | 2.19% | – |
| LVNTA | New | LIBERTY INTERACTIVE CORP | $2,725,000 | – | 32,057 | – | 2.05% | – |
| ORCL | New | ORACLE CORP | $2,558,000 | – | 83,300 | – | 1.93% | – |
| NE | New | NOBLE CORP | $2,275,000 | – | 60,550 | – | 1.71% | – |
| BRKA | New | BERKSHIRE HATHAWAY INCcl a | $1,855,000 | – | 11 | – | 1.40% | – |
| JNJ | New | JOHNSON & JOHNSON | $1,717,000 | – | 20,000 | – | 1.29% | – |
| WMB | New | WILLIAMS COS INC | $1,469,000 | – | 45,240 | – | 1.11% | – |
| PM | New | PHILIP MORRIS INTL INC | $1,397,000 | – | 16,125 | – | 1.05% | – |
| VOD | New | VODAFONE GROUP PLC | $1,272,000 | – | 44,275 | – | 0.96% | – |
| WFC | New | WELLS FARGO & CO | $1,029,000 | – | 24,925 | – | 0.78% | – |
| MA | New | MASTERCARD INCclass a | $961,000 | – | 1,672 | – | 0.72% | – |
| BUD | New | ANHEUSER BUSH INBEV SA/NVadr | $751,000 | – | 8,325 | – | 0.57% | – |
| UN | New | UNILEVER NV | $718,000 | – | 18,275 | – | 0.54% | – |
| NRZ | New | NEW RESIDENTIAL INVT CORP | $692,000 | – | 102,715 | – | 0.52% | – |
| MO | New | ALTRIA GROUP INC | $568,000 | – | 16,225 | – | 0.43% | – |
| NCT | New | NEWCASTLE INVT CORP | $537,000 | – | 102,715 | – | 0.40% | – |
| BFA | New | BROWN FORMAN CORPcl a | $431,000 | – | 6,375 | – | 0.32% | – |
| CMCSK | New | COMCAST CORPcl a spl | $337,000 | – | 8,500 | – | 0.25% | – |
| D | New | DOMINION RES INC | $327,000 | – | 5,750 | – | 0.25% | – |
| MLM | New | MARTIN MARIETTA MATLS INC | $322,000 | – | 3,275 | – | 0.24% | – |
| SWY | New | SAFEWAY INC. | $316,000 | – | 13,360 | – | 0.24% | – |
| RSG | New | REPUBLIC SERVICES INC | $293,000 | – | 8,620 | – | 0.22% | – |
| RTN | New | RAYTHEON CO | $284,000 | – | 4,300 | – | 0.21% | – |
| OI | New | OWENS ILLINOIS INC | $270,000 | – | 9,710 | – | 0.20% | – |
| CCK | New | CROWN HOLDINGS INC | $260,000 | – | 6,320 | – | 0.20% | – |
| IP | New | INTL PAPER CO | $246,000 | – | 5,560 | – | 0.18% | – |
| NBR | New | NABORS INDUSTRIES LTD | $237,000 | – | 15,470 | – | 0.18% | – |
| DOW | New | DOW CHEMICAL CO | $234,000 | – | 7,280 | – | 0.18% | – |
| OKE | New | ONEOK INC | $211,000 | – | 5,110 | – | 0.16% | – |
| BEAM | New | BEAM INC | $211,000 | – | 3,350 | – | 0.16% | – |
| BLL | New | BALL CORP | $204,000 | – | 4,900 | – | 0.15% | – |
| SNI | New | SCRIPPS NETWORKS INTERACT INC | $200,000 | – | 3,000 | – | 0.15% | – |
| SEE | New | SEALED AIR CORP | $192,000 | – | 8,030 | – | 0.14% | – |
| RDC | New | ROWAN COMPANIES PLC | $191,000 | – | 5,610 | – | 0.14% | – |
| XYL | New | XYLEM INC | $187,000 | – | 6,950 | – | 0.14% | – |
| DVN | New | DEVON ENERGY CORP | $187,000 | – | 3,600 | – | 0.14% | – |
| BIG | New | BIG LOTS INC | $174,000 | – | 5,530 | – | 0.13% | – |
| KMI | New | KINDER MORGAN | $149,000 | – | 3,894 | – | 0.11% | – |
| WM | New | WASTE MGMT INC | $149,000 | – | 3,700 | – | 0.11% | – |
| FBHS | New | FORTUNE BRANDS HOME & SEC | $145,000 | – | 3,740 | – | 0.11% | – |
| MAS | New | MASCO CORP | $135,000 | – | 6,910 | – | 0.10% | – |
| CNX | New | CONSOL ENERGY | $127,000 | – | 4,700 | – | 0.10% | – |
| TJX | New | TJX COS INC | $120,000 | – | 2,400 | – | 0.09% | – |
| OC | New | OWENS CORNING | $114,000 | – | 2,910 | – | 0.09% | – |
| WY | New | WEYERHAEUSER CO | $114,000 | – | 4,000 | – | 0.09% | – |
| WPO | New | WASHINGTON POST COcl b | $110,000 | – | 228 | – | 0.08% | – |
| CNW | New | CON-WAY INC | $109,000 | – | 2,800 | – | 0.08% | – |
| BRKB | New | BERKSHIRE HATHAWAY INCcl b new | $84,000 | – | 750 | – | 0.06% | – |
| USG | New | USG CORP | $81,000 | – | 3,500 | – | 0.06% | – |
| AVP | New | AVON PRODUCTS INC | $79,000 | – | 3,740 | – | 0.06% | – |
| FMC | New | FMC CORP | $79,000 | – | 1,300 | – | 0.06% | – |
| ATI | New | ALLEGHENY TECHNOLOGIES INC | $63,000 | – | 2,400 | – | 0.05% | – |
| PKG | New | PACKAGING CORP OF AMERICA | $31,000 | – | 630 | – | 0.02% | – |