Q3 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| DVN | Buy | DEVON ENERGY CORP NEW | $13,899,303 | +73.7% | 291,390 | +76.0% | 7.29% | +52.0% |
| LENB | Buy | LENNAR CORPcl b | $10,596,753 | -7.4% | 103,656 | +2.3% | 5.56% | -19.0% |
| BAC | Buy | BANK AMERICA CORP | $10,591,159 | +83.5% | 386,821 | +92.2% | 5.55% | +60.6% |
| Buy | VITESSE ENERGY INC | $6,080,385 | +16.3% | 265,635 | +13.8% | 3.19% | +1.8% | |
| GS | Buy | GOLDMAN SACHS GROUP INC | $5,580,612 | +54.0% | 17,247 | +53.6% | 2.93% | +34.8% |
| Buy | BROOKFIELD CORPcl a ltd vt sh | $5,381,630 | +117.7% | 172,102 | +134.2% | 2.82% | +90.4% | |
| ASO | Buy | ACADEMY SPORTS & OUTDOORS IN | $3,327,808 | +21.4% | 70,400 | +38.9% | 1.74% | +6.3% |
| OXYWS | Buy | OCCIDENTAL PETE CORP*w exp 08/03/2027 | $2,788,327 | +76.5% | 64,470 | +52.3% | 1.46% | +54.5% |
| CPT | New | CAMDEN PPTY TRsh ben int | $2,436,854 | – | 25,765 | – | 1.28% | – |
| Buy | ARHAUS INC | $1,939,794 | -6.8% | 208,580 | +4.5% | 1.02% | -18.4% | |
| GHLD | Buy | GUILD HLDGS COcl a | $1,916,799 | +4.1% | 174,731 | +7.8% | 1.00% | -8.9% |
Q2 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BRKB | New | BERKSHIRE HATHAWAY INC DELcl b new | $30,882,324 | – | 90,564 | – | 18.51% | – |
| BLDR | New | BUILDERS FIRSTSOURCE INC | $23,424,640 | – | 172,240 | – | 14.04% | – |
| GOOG | New | ALPHABET INC CAP STOCK CL Ccap stk cl c | $21,053,632 | – | 174,040 | – | 12.62% | – |
| JEF | New | JEFFERIES FINL GROUP INC | $15,022,958 | – | 452,908 | – | 9.00% | – |
| LENB | New | LENNAR CORPcl b | $11,445,326 | – | 101,304 | – | 6.86% | – |
| PGR | New | PROGRESSIVE CORP | $8,002,428 | – | 60,455 | – | 4.80% | – |
| DVN | New | DEVON ENERGY CORP NEW | $8,002,204 | – | 165,540 | – | 4.80% | – |
| KKR | New | KKR & CO INC | $7,069,440 | – | 126,240 | – | 4.24% | – |
| BAC | New | BANK AMERICA CORP | $5,773,030 | – | 201,221 | – | 3.46% | – |
| New | VITESSE ENERGY INC | $5,228,698 | – | 233,424 | – | 3.13% | – | |
| HESM | New | HESS MIDSTREAM LP | $4,396,659 | – | 143,307 | – | 2.64% | – |
| MKL | New | MARKEL CORP INC | $4,030,587 | – | 2,914 | – | 2.42% | – |
| GS | New | GOLDMAN SACHS GROUP INC | $3,622,769 | – | 11,232 | – | 2.17% | – |
| ASO | New | ACADEMY SPORTS & OUTDOORS IN | $2,740,335 | – | 50,700 | – | 1.64% | – |
| New | BROOKFIELD CORPcl a ltd vt sh | $2,472,366 | – | 73,473 | – | 1.48% | – | |
| GIC | New | GLOBAL INDUSTRIAL COMPANY | $2,466,976 | – | 88,836 | – | 1.48% | – |
| BABA | New | ALIBABA GROUP HLDG LTDsponsored ads | $2,356,555 | – | 28,273 | – | 1.41% | – |
| New | ARHAUS INC CL A | $2,081,619 | – | 199,580 | – | 1.25% | – | |
| GHLD | New | GUILD HLDGS COcl a | $1,841,422 | – | 162,097 | – | 1.10% | – |
| OXYWS | New | OCCIDENTAL PETE CORP*w exp 08/03/2027 | $1,579,382 | – | 42,320 | – | 0.95% | – |
| JPM | New | JPMORGAN CHASE & CO | $1,163,520 | – | 8,000 | – | 0.70% | – |
| VZ | New | VERIZON COMMUNICATIONS INC | $856,709 | – | 23,036 | – | 0.51% | – |
| CB | New | CHUBB LIMITED | $698,030 | – | 3,625 | – | 0.42% | – |
| New | BROOKFIELD ASSET MANAGMT LTD | $518,197 | – | 15,881 | – | 0.31% | – | |
| GOOGL | New | ALPHABET INC CAP STOCK CL Acap stk cl a | $137,176 | – | 1,146 | – | 0.08% | – |
| New | BROOKFIELD REINS LTDcl a exch lt vtg | $14,018 | – | 414 | – | 0.01% | – |
Q4 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BAMR | Exit | BROOKFIELD ASSET MGMT REINScl a exch lt vtg | $0 | – | -415 | – | -0.01% | – |
| GOLD | Exit | BARRICK GOLD CORPcall | $0 | – | -1,225 | – | -0.04% | – |
| GOOGL | Exit | ALPHABET INCcap stock cl a | $0 | – | -1,080 | – | -0.07% | – |
| CB | Exit | CHUBB LIMITED | $0 | – | -3,625 | – | -0.48% | – |
| JPM | Exit | JPMORGAN CHASE & CO | $0 | – | -8,000 | – | -0.60% | – |
| VZ | Exit | VERIZON COMMUNICATIONS INC | $0 | – | -23,332 | – | -0.64% | – |
| ATVI | Exit | ACTIVISION BLIZZARD INC | $0 | – | -13,000 | – | -0.70% | – |
| GHLD | Exit | GUILD HLDGS COcl a | $0 | – | -162,297 | – | -1.08% | – |
| BABA | Exit | ALIBABA GROUP HLDG LTDsponsored ads | $0 | – | -23,380 | – | -1.35% | – |
| ASO | Exit | ACADEMY SPORTS & OUTDOORS INC | $0 | – | -50,850 | – | -1.55% | – |
| GIC | Exit | GLOBAL INDUSTRIAL COMPANY | $0 | – | -82,306 | – | -1.60% | – |
| BAM | Exit | BROOKFIELD ASSET MGMT INCcl a ltd vt sh | $0 | – | -63,442 | – | -1.88% | – |
| GOLD | Exit | BARRICK GOLD CORP | $0 | – | -173,280 | – | -1.94% | – |
| FB | Exit | META PLATFORMS INCcl a | $0 | – | -21,115 | – | -2.07% | – |
| MKL | Exit | MARKEL CORP | $0 | – | -2,675 | – | -2.10% | – |
| GS | Exit | GOLDMAN SACHS GROUP INC | $0 | – | -11,192 | – | -2.37% | – |
| RH | Exit | RH | $0 | – | -14,210 | – | -2.53% | – |
| HESM | Exit | HESS MIDSTREAM LP | $0 | – | -143,692 | – | -2.65% | – |
| BAC | Exit | BK OF AMERICA CORP | $0 | – | -141,698 | – | -3.10% | – |
| KKR | Exit | KKR & CO INC | $0 | – | -125,775 | – | -3.91% | – |
| LENB | Exit | LENNAR CORPcl b | $0 | – | -98,434 | – | -4.24% | – |
| PGR | Exit | PROGRESSIVE CORP | $0 | – | -60,520 | – | -5.09% | – |
| DVN | Exit | DEVON ENERGY CORP NEW | $0 | – | -144,194 | – | -6.27% | – |
| STOR | Exit | STORE CAP CORP | $0 | – | -316,180 | – | -7.16% | – |
| BLDR | Exit | BUILDERS FIRSTSOURCE INC | $0 | – | -172,500 | – | -7.35% | – |
| JEF | Exit | JEFFERIES FINL GROUP INC | $0 | – | -453,949 | – | -9.68% | – |
| GOOG | Exit | ALPHABET INCcap stock cl c | $0 | – | -172,645 | – | -12.01% | – |
| BRKB | Exit | BERKSHIRE HATHAWAY INC DELcl b new | $0 | – | -90,689 | – | -17.52% | – |
Q3 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BRKB | Buy | BERKSHIRE HATHAWAY INC DELcl b new | $24,216,000 | -2.1% | 90,689 | +0.1% | 17.52% | -3.8% |
| GOOG | Buy | ALPHABET INCcap stock cl c | $16,600,000 | -11.3% | 172,645 | +1918.5% | 12.01% | -12.8% |
| BLDR | Buy | BUILDERS FIRSTSOURCE INC | $10,164,000 | +10.0% | 172,500 | +0.3% | 7.35% | +8.1% |
| DVN | Buy | DEVON ENERGY CORP NEW | $8,670,000 | +25.5% | 144,194 | +15.0% | 6.27% | +23.3% |
| KKR | Buy | KKR & CO INC | $5,408,000 | -3.3% | 125,775 | +4.1% | 3.91% | -5.0% |
| BAC | Buy | BK OF AMERICA CORP | $4,279,000 | +10.1% | 141,698 | +13.5% | 3.10% | +8.2% |
| GS | Buy | GOLDMAN SACHS GROUP INC | $3,280,000 | +80.1% | 11,192 | +82.5% | 2.37% | +76.9% |
| MKL | Buy | MARKEL CORP | $2,900,000 | -4.6% | 2,675 | +13.8% | 2.10% | -6.3% |
| BAM | Sell | BROOKFIELD ASSET MGMT INCcl a ltd vt sh | $2,594,000 | -8.1% | 63,442 | -0.1% | 1.88% | -9.8% |
| GIC | Buy | GLOBAL INDUSTRIAL COMPANY | $2,208,000 | -16.4% | 82,306 | +5.2% | 1.60% | -17.8% |
| GHLD | Sell | GUILD HLDGS COcl a | $1,500,000 | -11.1% | 162,297 | -2.0% | 1.08% | -12.7% |
| ATVI | New | ACTIVISION BLIZZARD INC | $966,000 | – | 13,000 | – | 0.70% | – |
| VZ | Sell | VERIZON COMMUNICATIONS INC | $886,000 | -30.0% | 23,332 | -6.4% | 0.64% | -31.1% |
| GOOGL | Buy | ALPHABET INCcap stock cl a | $103,000 | -12.7% | 1,080 | +1900.0% | 0.07% | -14.9% |
Q2 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BRKB | New | BERKSHIRE HATHAWAY INC DELcl b new | $24,739,000 | – | 90,614 | – | 18.21% | – |
| GOOG | New | ALPHABET INCcap stk cl c | $18,709,000 | – | 8,553 | – | 13.77% | – |
| JEF | New | JEFFERIES FINL GROUP INC | $12,538,000 | – | 453,949 | – | 9.23% | – |
| BLDR | New | BUILDERS FIRSTSOURCE INC | $9,239,000 | – | 172,050 | – | 6.80% | – |
| STOR | New | STORE CAP CORP | $8,246,000 | – | 316,180 | – | 6.07% | – |
| PGR | New | PROGRESSIVE CORP | $7,037,000 | – | 60,520 | – | 5.18% | – |
| DVN | New | DEVON ENERGY CORP NEW | $6,911,000 | – | 125,412 | – | 5.09% | – |
| LENB | New | LENNAR CORPcl b | $5,779,000 | – | 98,434 | – | 4.26% | – |
| KKR | New | KKR & CO INC | $5,591,000 | – | 120,775 | – | 4.12% | – |
| HESM | New | HESS MIDSTREAM LP | $4,023,000 | – | 143,692 | – | 2.96% | – |
| BAC | New | BK OF AMERICA CORP | $3,885,000 | – | 124,798 | – | 2.86% | – |
| FB | New | META PLATFORMS INCcl a | $3,405,000 | – | 21,115 | – | 2.51% | – |
| GOLD | New | BARRICK GOLD CORP | $3,065,000 | – | 173,280 | – | 2.26% | – |
| MKL | New | MARKEL CORP | $3,039,000 | – | 2,350 | – | 2.24% | – |
| RH | New | RH | $3,016,000 | – | 14,210 | – | 2.22% | – |
| BAM | New | BROOKFIELD ASSET MGMT INCcl a ltd vt sh | $2,824,000 | – | 63,502 | – | 2.08% | – |
| BABA | New | ALIBABA GROUP HLDG LTDsponsored ads | $2,658,000 | – | 23,380 | – | 1.96% | – |
| GIC | New | GLOBAL INDUSTRIAL COMPANY | $2,641,000 | – | 78,211 | – | 1.94% | – |
| GS | New | GOLDMAN SACHS GROUP INC | $1,821,000 | – | 6,132 | – | 1.34% | – |
| ASO | New | ACADEMY SPORTS & OUTDOORS IN | $1,807,000 | – | 50,850 | – | 1.33% | – |
| GHLD | New | GUILD HLDS COcl a | $1,688,000 | – | 165,610 | – | 1.24% | – |
| VZ | New | VERIZON COMMUNICATIONS INC | $1,265,000 | – | 24,932 | – | 0.93% | – |
| JPM | New | JPMORGAN CHASE & CO | $901,000 | – | 8,000 | – | 0.66% | – |
| CB | New | CHUBB LIMITED | $713,000 | – | 3,625 | – | 0.52% | – |
| GOLD | New | BARRICK GOLD CORPcall | $147,000 | – | 1,225 | – | 0.11% | – |
| GOOGL | New | ALPHABET INCcap stk cl a | $118,000 | – | 54 | – | 0.09% | – |
| BAMR | New | BROOKFIELD ASSET MGMT REINScl a exch lt vtg | $19,000 | – | 415 | – | 0.01% | – |
Q4 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BAMR | Exit | BROOKFIELD ASSET MGMT REINScl a exch lt vtg | $0 | – | -415 | – | -0.02% | – |
| BABA | Exit | ALIBABA GROUP HLD LTDcall | $0 | – | -90 | – | -0.02% | – |
| ARKK | Exit | ARK ETF TRput | $0 | – | -200 | – | -0.08% | – |
| GOOGL | Exit | ALPHABET INCcap stk cl a | $0 | – | -47 | – | -0.08% | – |
| CB | Exit | CHUBB LIMITED | $0 | – | -3,625 | – | -0.41% | – |
| JPM | Exit | JPMORGAN CHASE & CO | $0 | – | -8,000 | – | -0.85% | – |
| VZ | Exit | VERIZON COMMUNICATIONS INC | $0 | – | -25,209 | – | -0.89% | – |
| GIC | Exit | GLOBAL INDUSTRIAL COMPANY | $0 | – | -55,951 | – | -1.38% | – |
| MKL | Exit | MARKEL CORP | $0 | – | -2,345 | – | -1.82% | – |
| BABA | Exit | ALIBABA GROUP HLD LTDsponsored ads | $0 | – | -20,800 | – | -2.00% | – |
| BAM | Exit | BROOKFIELD ASSET MGMT INCcl a ltd vt sh | $0 | – | -63,502 | – | -2.21% | – |
| GHLD | Exit | GUILD HLDGS COcl a | $0 | – | -263,904 | – | -2.36% | – |
| PCG | Exit | PG&E CORP | $0 | – | -408,675 | – | -2.55% | – |
| FB | Exit | FACEBOOK INCcl a | $0 | – | -12,070 | – | -2.66% | – |
| HESM | Exit | HESS MIDSTREAM LP | $0 | – | -145,567 | – | -2.67% | – |
| KKR | Exit | KKR & CO INC | $0 | – | -73,725 | – | -2.92% | – |
| BAC | Exit | BK OF AMERICA CORP | $0 | – | -124,598 | – | -3.44% | – |
| PGR | Exit | PROGRESSIVE CORP | $0 | – | -60,435 | – | -3.55% | – |
| Y | Exit | ALLEGHANY CORP MD | $0 | – | -9,872 | – | -4.01% | – |
| STOR | Exit | STORE CAP CORP | $0 | – | -196,430 | – | -4.09% | – |
| LENB | Exit | LENNAR CORPcl b | $0 | – | -86,346 | – | -4.36% | – |
| DVN | Exit | DEVON ENERGY CORP NEW | $0 | – | -212,712 | – | -4.91% | – |
| GOLD | Exit | BARRICK GOLD CORPORATION | $0 | – | -470,630 | – | -5.52% | – |
| BLDR | Exit | BUILDERS FIRSTSOURCE INC | $0 | – | -171,900 | – | -5.78% | – |
| JEF | Exit | JEFFERIES FINL GROUP INC | $0 | – | -451,599 | – | -10.90% | – |
| GOOG | Exit | ALPHABET INCcap stk cl c | $0 | – | -8,399 | – | -14.56% | – |
| BRKB | Exit | BERKSHIRE HATHAWAY INC DELcl b new | $0 | – | -89,839 | – | -15.95% | – |
Q3 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BRKB | Buy | BERKSHIRE HATHAWAY INC DELcl b new | $24,521,000 | -1.6% | 89,839 | +0.2% | 15.95% | -3.8% |
| JEF | Buy | JEFFERIES FINL GROUP INC | $16,768,000 | +8.7% | 451,599 | +0.1% | 10.90% | +6.3% |
| BLDR | Buy | BUILDERS FIRSTSOURCE INC | $8,894,000 | +21.4% | 171,900 | +0.1% | 5.78% | +18.7% |
| GOLD | Buy | BARRICK GOLD CORPORATION | $8,495,000 | -11.7% | 470,630 | +1.1% | 5.52% | -13.7% |
| DVN | Sell | DEVON ENERGY CORP NEW | $7,553,000 | -9.9% | 212,712 | -26.0% | 4.91% | -11.9% |
| LENB | Buy | LENNAR CORPcl b | $6,700,000 | -2.2% | 86,346 | +2.6% | 4.36% | -4.4% |
| STOR | Buy | STORE CAP CORP | $6,292,000 | -7.0% | 196,430 | +0.1% | 4.09% | -9.1% |
| Y | Buy | ALLEGHANY CORP MD | $6,164,000 | +3.7% | 9,872 | +10.8% | 4.01% | +1.4% |
| PGR | Buy | PROGRESSIVE CORP | $5,463,000 | -7.7% | 60,435 | +0.3% | 3.55% | -9.8% |
| BAC | Buy | BK OF AMERICA CORP | $5,289,000 | +3.1% | 124,598 | +0.1% | 3.44% | +0.8% |
| HESM | Buy | HESS MIDSTREAM LP | $4,106,000 | +11.8% | 145,567 | +0.1% | 2.67% | +9.3% |
| PCG | Buy | PG&E CORP | $3,923,000 | +23.1% | 408,675 | +30.4% | 2.55% | +20.3% |
| GHLD | Buy | GUILD HLDGS COcl a | $3,631,000 | +36.1% | 263,904 | +51.8% | 2.36% | +33.1% |
| BAM | Buy | BROOKFIELD ASSET MGMT INCcl a ltd vt sh | $3,398,000 | +5.1% | 63,502 | +0.2% | 2.21% | +2.8% |
| BABA | Buy | ALIBABA GROUP HLD LTDsponsored ads | $3,079,000 | +44.4% | 20,800 | +121.2% | 2.00% | +41.1% |
| MKL | Buy | MARKEL CORP | $2,803,000 | +1.4% | 2,345 | +0.6% | 1.82% | -0.9% |
| VZ | Buy | VERIZON COMMUNICATIONS INC | $1,362,000 | +10.8% | 25,209 | +14.9% | 0.89% | +8.4% |
| CB | Sell | CHUBB LIMITED | $629,000 | -59.9% | 3,625 | -63.3% | 0.41% | -60.8% |
| GOOGL | Buy | ALPHABET INCcap stk cl a | $126,000 | +22.3% | 47 | +11.9% | 0.08% | +18.8% |
| ARKK | New | ARK ETF TRput | $118,000 | – | 200 | – | 0.08% | – |
| BABA | New | ALIBABA GROUP HLD LTDcall | $39,000 | – | 90 | – | 0.02% | – |
| BAMR | Sell | BROOKFIELD ASSET MGMT REINScl a exch lt vtg | $23,000 | 0.0% | 415 | -5.0% | 0.02% | 0.0% |
| SPY | Exit | SPDR S&P 500 ETF TRput | $0 | – | -500 | – | -0.06% | – |
| SPB | Exit | SPECTRUM BRANDS HLDGS INC NE | $0 | – | -5,559 | – | -0.32% | – |
Q2 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BRKB | New | BERKSHIRE HATHAWAY INC DELcl b new | $24,928,000 | – | 89,694 | – | 16.58% | – |
| GOOG | New | ALPHABET INCcap stk cl c | $21,051,000 | – | 8,399 | – | 14.00% | – |
| JEF | New | JEFFERIES FINL GROUP INC | $15,424,000 | – | 450,999 | – | 10.26% | – |
| GOLD | New | BARRICK GOLD CORP | $9,623,000 | – | 465,305 | – | 6.40% | – |
| DVN | New | DEVON ENERGY CORP NEW | $8,387,000 | – | 287,312 | – | 5.58% | – |
| BLDR | New | BUILDERS FIRSTSOURCE INC | $7,325,000 | – | 171,700 | – | 4.87% | – |
| LENB | New | LENNAR CORPcl b | $6,854,000 | – | 84,146 | – | 4.56% | – |
| STOR | New | STORE CAP CORP | $6,769,000 | – | 196,150 | – | 4.50% | – |
| Y | New | ALLEGHANY CORP MD | $5,945,000 | – | 8,912 | – | 3.95% | – |
| PGR | New | PROGRESSIVE CORP | $5,920,000 | – | 60,275 | – | 3.94% | – |
| BAC | New | BK OF AMERICA CORP | $5,132,000 | – | 124,468 | – | 3.41% | – |
| KKR | New | KKR & CO INC | $4,367,000 | – | 73,725 | – | 2.90% | – |
| FB | New | FACEBOOK INC CL Acl a | $4,197,000 | – | 12,070 | – | 2.79% | – |
| HESM | New | HESS MIDSTREAM LP | $3,671,000 | – | 145,367 | – | 2.44% | – |
| BAM | New | BROOKFIELD ASSET MGMT INCcl a ltd vt sh | $3,232,000 | – | 63,402 | – | 2.15% | – |
| PCG | New | PG&E CORP | $3,187,000 | – | 313,325 | – | 2.12% | – |
| MKL | New | MARKEL CORP | $2,765,000 | – | 2,330 | – | 1.84% | – |
| GHLD | New | GUILD HLDGS COcl a | $2,667,000 | – | 173,854 | – | 1.77% | – |
| BABA | New | ALIBABA GROUP HLDG LTDsponsored ads | $2,133,000 | – | 9,405 | – | 1.42% | – |
| GIC | New | GLOBAL INDUSTRIAL COMPANY | $2,054,000 | – | 55,951 | – | 1.37% | – |
| CB | New | CHUBB LIMITED | $1,569,000 | – | 9,870 | – | 1.04% | – |
| JPM | New | JPMORGAN CHASE & CO | $1,244,000 | – | 8,000 | – | 0.83% | – |
| VZ | New | VERIZON COMMUNICATIONS INC | $1,229,000 | – | 21,934 | – | 0.82% | – |
| SPB | New | SPECTRUM BRANDS HLDGS INC NE | $473,000 | – | 5,559 | – | 0.32% | – |
| GOOGL | New | ALPHABET INCcap stk cl a | $103,000 | – | 42 | – | 0.07% | – |
| SPY | New | SPDR S&P 500 ETF TRput | $83,000 | – | 500 | – | 0.06% | – |
| BAMR | New | BROOKFIELD ASSET MGMT REINScl a exch lt vtg | $23,000 | – | 437 | – | 0.02% | – |
Q4 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| GOOGL | Exit | ALPHABET INCcap stk cl a | $0 | – | -42 | – | -0.06% | – |
| SPY | Exit | SPDR S&P 500 ETF TRput | $0 | – | -370 | – | -0.13% | – |
| JPM | Exit | JPMORGAN CHASE & CO | $0 | – | -8,000 | – | -0.70% | – |
| FHI | Exit | FEDERATED HERMES INCcl b | $0 | – | -50,584 | – | -1.00% | – |
| VZ | Exit | VERIZON COMMUNICATIONS INC | $0 | – | -20,034 | – | -1.09% | – |
| SYX | Exit | SYSTEMAX INC | $0 | – | -58,651 | – | -1.28% | – |
| MKL | Exit | MARKEL CORP | $0 | – | -2,000 | – | -1.78% | – |
| PCG | Exit | PG&E CORP | $0 | – | -212,300 | – | -1.82% | – |
| HESM | Exit | HESS MIDSTREAM LP | $0 | – | -145,617 | – | -2.01% | – |
| BAM | Exit | BROOKFIELD ASSET MGMT INCcl a ltd vt sh | $0 | – | -67,519 | – | -2.04% | – |
| HPQ | Exit | HP INC | $0 | – | -136,541 | – | -2.37% | – |
| KKR | Exit | KKR & CO INC | $0 | – | -76,750 | – | -2.41% | – |
| SPB | Exit | SPECTRUM BRANDS HLDGS INC NE | $0 | – | -49,196 | – | -2.57% | – |
| PGR | Exit | PROGRESSIVE CORP | $0 | – | -30,100 | – | -2.61% | – |
| BAC | Exit | BK OF AMERICA CORP | $0 | – | -119,368 | – | -2.63% | – |
| WPX | Exit | WPX ENERGY INC | $0 | – | -788,971 | – | -3.54% | – |
| Y | Exit | ALLEGHANY CORP DEL | $0 | – | -9,988 | – | -4.75% | – |
| STOR | Exit | STORE CAP CORP | $0 | – | -196,450 | – | -4.93% | – |
| LENB | Exit | LENNAR CORPcl b | $0 | – | -84,346 | – | -5.06% | – |
| BLDR | Exit | BUILDERS FIRSTSOURCE INC | $0 | – | -219,900 | – | -6.56% | – |
| JEF | Exit | JEFFERIES FINL GROUP INC | $0 | – | -521,969 | – | -8.59% | – |
| GOOG | Exit | ALPHABET INCcap stk cl c | $0 | – | -8,801 | – | -11.83% | – |
| GOLD | Exit | BARRICK GOLD CORP | $0 | – | -487,455 | – | -12.53% | – |
| BRKB | Exit | BERKSHIRE HATHAWAY INC DELcl b new | $0 | – | -90,889 | – | -17.70% | – |
Q3 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BRKB | Buy | BERKSHIRE HATHAWAY INC DELcl b new | $19,354,000 | +33.9% | 90,889 | +12.2% | 17.70% | +18.1% |
| GOLD | Sell | BARRICK GOLD CORP | $13,702,000 | +4.3% | 487,455 | -0.0% | 12.53% | -8.0% |
| Y | Buy | ALLEGHANY CORP DEL | $5,198,000 | +11.2% | 9,988 | +4.6% | 4.75% | -1.9% |
| WPX | Sell | WPX ENERGY INC | $3,866,000 | -23.4% | 788,971 | -0.3% | 3.54% | -32.4% |
| BAC | Buy | BK OF AMERICA CORP | $2,876,000 | +3.1% | 119,368 | +1.6% | 2.63% | -9.1% |
| SPB | Sell | SPECTRUM BRANDS HLDGS INC NE | $2,812,000 | +15.2% | 49,196 | -7.5% | 2.57% | +1.5% |
| HPQ | Sell | HP INC | $2,593,000 | -15.3% | 136,541 | -22.3% | 2.37% | -25.3% |
| BAM | Buy | BROOKFIELD ASSET MGMT INCcl a ltd vt sh | $2,232,000 | +20.6% | 67,519 | +20.1% | 2.04% | +6.4% |
| PCG | New | PG&E CORP | $1,993,000 | – | 212,300 | – | 1.82% | – |
| SYX | Sell | SYSTEMAX INC | $1,404,000 | -0.4% | 58,651 | -14.6% | 1.28% | -12.2% |
| VZ | Sell | VERIZON COMMUNICATIONS INC | $1,192,000 | -34.7% | 20,034 | -39.5% | 1.09% | -42.4% |
| FHI | Sell | FEDERATED HERMES INCcl b | $1,088,000 | -35.2% | 50,584 | -28.5% | 1.00% | -42.8% |
| SPY | Sell | SPDR S&P 500 ETF TRput | $145,000 | -31.3% | 370 | -56.2% | 0.13% | -39.3% |
| GOLD | Exit | BARRICK GOLD CORPORATIONcall | $0 | – | -500 | – | -0.07% | – |
Q2 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BRKB | New | BERKSHIRE HATHAWAY INC DELcl b new | $14,455,000 | – | 80,974 | – | 14.99% | – |
| GOLD | New | BARRICK GOLD CORPORATION | $13,135,000 | – | 487,555 | – | 13.62% | – |
| GOOG | New | ALPHABET INCcap stk cl c | $12,441,000 | – | 8,801 | – | 12.90% | – |
| JEF | New | JEFFERIES FINANCIAL GROUP INC | $8,117,000 | – | 521,969 | – | 8.42% | – |
| WPX | New | WPX ENERGY INC | $5,046,000 | – | 790,971 | – | 5.23% | – |
| STOR | New | STORE CAP CORP | $4,677,000 | – | 196,450 | – | 4.85% | – |
| Y | New | ALLEGHANY CORP DEL | $4,673,000 | – | 9,553 | – | 4.85% | – |
| BLDR | New | BUILDERS FIRSTSOURCE INC | $4,552,000 | – | 219,900 | – | 4.72% | – |
| LENB | New | LENNAR CORPcl b | $3,888,000 | – | 84,346 | – | 4.03% | – |
| HPQ | New | HP INC | $3,061,000 | – | 175,641 | – | 3.17% | – |
| BAC | New | BK OF AMERICA CORP | $2,790,000 | – | 117,468 | – | 2.89% | – |
| HESM | New | HESS MIDSTREAM LP | $2,668,000 | – | 145,617 | – | 2.77% | – |
| SPB | New | SPECTRUM BRANDS HLDGS INC NE | $2,442,000 | – | 53,196 | – | 2.53% | – |
| PGR | New | PROGRESSIVE CORP OHIO | $2,411,000 | – | 30,100 | – | 2.50% | – |
| KKR | New | KKR & CO INCcl a | $2,370,000 | – | 76,750 | – | 2.46% | – |
| BAM | New | BROOKFIELD ASSET MGMT INCcl a ltd vt sh | $1,850,000 | – | 56,219 | – | 1.92% | – |
| MKL | New | MARKEL CORP | $1,846,000 | – | 2,000 | – | 1.91% | – |
| VZ | New | VERIZON COMMUNICATIONS INC | $1,825,000 | – | 33,109 | – | 1.89% | – |
| FHI | New | FEDERATED HERMES INC | $1,678,000 | – | 70,794 | – | 1.74% | – |
| SYX | New | SYSTEMAX INC | $1,410,000 | – | 68,651 | – | 1.46% | – |
| JPM | New | JPMORGAN CHASE & CO | $752,000 | – | 8,000 | – | 0.78% | – |
| SPY | New | SPDR S&P 500 ETF TRput | $211,000 | – | 845 | – | 0.22% | – |
| GOLD | New | BARRICK GOLD CORPORATIONcall | $67,000 | – | 500 | – | 0.07% | – |
| GOOGL | New | ALPHABET INCcap stk cl a | $60,000 | – | 42 | – | 0.06% | – |
Q4 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| GOOGL | Exit | ALPHABET INC CAP STOCK CL Acap stk cl a | $0 | – | -282 | – | -0.27% | – |
| CEF | Exit | SPROTT PHYSICAL GOLD & SILVERtr unit | $0 | – | -25,000 | – | -0.28% | – |
| M | Exit | MACYS INC | $0 | – | -72,000 | – | -0.88% | – |
| BAM | Exit | BROOKFIELD ASSET MGMT INC CL Acl a ltd vt sh | $0 | – | -24,292 | – | -1.01% | – |
| OAK | Exit | OAKTREE CAP GROUP LLC UNIT CLunit cl a | $0 | – | -33,000 | – | -1.34% | – |
| HESM | Exit | HESS MIDSTREAM PARTNERS LP LTDunit ltd pr int | $0 | – | -100,345 | – | -1.52% | – |
| STOR | Exit | STORE CAP CORP | $0 | – | -62,850 | – | -1.85% | – |
| LENB | Exit | LENNAR CORP CL Bcl b | $0 | – | -92,996 | – | -3.24% | – |
| FHI | Exit | FEDERATED INVESTORS INC PA CLcl b | $0 | – | -133,194 | – | -3.39% | – |
| MHK | Exit | MOHAWK INDUSTRIES INC | $0 | – | -37,265 | – | -3.63% | – |
| SYX | Exit | SYSTEMAX INC | $0 | – | -219,214 | – | -3.79% | – |
| BLDR | Exit | BUILDERS FIRSTSOURCE INC | $0 | – | -237,100 | – | -3.83% | – |
| Y | Exit | ALLEGHANY CORP | $0 | – | -6,630 | – | -4.16% | – |
| DAL | Exit | DELTA AIR LINES INC | $0 | – | -95,075 | – | -4.30% | – |
| HPQ | Exit | HP INC | $0 | – | -290,616 | – | -4.32% | – |
| VZ | Exit | VERIZON COMMUNICATIONS INC | $0 | – | -101,984 | – | -4.84% | – |
| AAL | Exit | AMERICAN AIRLINES GROUP INC | $0 | – | -252,675 | – | -5.36% | – |
| SPB | Exit | SPECTRUM BRANDS HLDGS INC NEW | $0 | – | -130,099 | – | -5.39% | – |
| WPX | Exit | WPX ENERGY INC | $0 | – | -930,421 | – | -7.74% | – |
| JEF | Exit | JEFFERIES FINANCIAL GROUP INC | $0 | – | -565,899 | – | -8.18% | – |
| GOOG | Exit | ALPHABET INC CAP STOCK CL Ccap stk cl c | $0 | – | -9,653 | – | -9.24% | – |
| BRKB | Exit | BERKSHIRE HATHAWAY INC CL Bcl b new | $0 | – | -57,414 | – | -9.38% | – |
| GOLD | Exit | BARRICK GOLD CORPORATION | $0 | – | -885,505 | – | -12.06% | – |
Q3 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| GOLD | Sell | BARRICK GOLD CORPORATION | $15,346,000 | -1.9% | 885,505 | -10.7% | 12.06% | -4.6% |
| BRKB | Buy | BERKSHIRE HATHAWAY INC CL Bcl b new | $11,943,000 | +0.0% | 57,414 | +2.5% | 9.38% | -2.7% |
| JEF | Buy | JEFFERIES FINANCIAL GROUP INC | $10,413,000 | -2.8% | 565,899 | +1.5% | 8.18% | -5.5% |
| WPX | Buy | WPX ENERGY INC | $9,853,000 | +6.9% | 930,421 | +16.2% | 7.74% | +3.9% |
| SPB | Buy | SPECTRUM BRANDS HLDGS INC NEW | $6,859,000 | +8.5% | 130,099 | +10.7% | 5.39% | +5.5% |
| AAL | Buy | AMERICAN AIRLINES GROUP INC | $6,815,000 | -13.6% | 252,675 | +4.4% | 5.36% | -16.0% |
| VZ | Sell | VERIZON COMMUNICATIONS INC | $6,156,000 | +5.4% | 101,984 | -0.2% | 4.84% | +2.5% |
| MHK | Buy | MOHAWK INDUSTRIES INC | $4,623,000 | -8.9% | 37,265 | +8.3% | 3.63% | -11.4% |
| FHI | Sell | FEDERATED INVESTORS INC PA CLcl b | $4,317,000 | -1.3% | 133,194 | -1.1% | 3.39% | -4.1% |
| LENB | Buy | LENNAR CORP CL Bcl b | $4,126,000 | +39.4% | 92,996 | +21.0% | 3.24% | +35.6% |
| HESM | Buy | HESS MIDSTREAM PARTNERS LP LTDunit ltd pr int | $1,933,000 | +67.6% | 100,345 | +69.7% | 1.52% | +63.0% |
| OAK | Sell | OAKTREE CAP GROUP LLC UNIT CLunit cl a | $1,700,000 | -52.6% | 33,000 | -54.4% | 1.34% | -53.9% |
| BAM | New | BROOKFIELD ASSET MGMT INC CL Acl a ltd vt sh | $1,290,000 | – | 24,292 | – | 1.01% | – |
| M | Buy | MACYS INC | $1,119,000 | +4.3% | 72,000 | +44.0% | 0.88% | +1.4% |
Q2 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| GOLD | New | BARRICK GOLD CORPORATION | $15,637,000 | – | 991,555 | – | 12.64% | – |
| BRKB | New | BERKSHIRE HATHAWAY INC DELcl b new | $11,939,000 | – | 56,009 | – | 9.65% | – |
| JEF | New | JEFFERIES FINL GROUP INC | $10,717,000 | – | 557,289 | – | 8.66% | – |
| GOOG | New | ALPHABET INCcap stk cl c | $10,434,000 | – | 9,653 | – | 8.43% | – |
| WPX | New | WPX ENERGY INC | $9,218,000 | – | 800,871 | – | 7.45% | – |
| AAL | New | AMERICAN AIRLS GROUP INC | $7,889,000 | – | 241,925 | – | 6.38% | – |
| SPB | New | SPECTRUM BRANDS HLDGS INC NE | $6,319,000 | – | 117,510 | – | 5.11% | – |
| HPQ | New | HP INC | $6,042,000 | – | 290,616 | – | 4.88% | – |
| VZ | New | VERIZON COMMUNICATIONS INC | $5,838,000 | – | 102,184 | – | 4.72% | – |
| DAL | New | DELTA AIR LINES INC DEL | $5,396,000 | – | 95,075 | – | 4.36% | – |
| MHK | New | MOHAWK INDS INC | $5,074,000 | – | 34,410 | – | 4.10% | – |
| SYX | New | SYSTEMAX INC | $4,858,000 | – | 219,214 | – | 3.93% | – |
| Y | New | ALLEGHANY CORP | $4,516,000 | – | 6,630 | – | 3.65% | – |
| FHI | New | FEDERATED INVESTORS INC PAcl b | $4,375,000 | – | 134,611 | – | 3.54% | – |
| BLDR | New | BUILDERS FIRSTSOURCE INC | $3,998,000 | – | 237,100 | – | 3.23% | – |
| OAK | New | OAKTREE CAP GROUP LLCunit cl a | $3,586,000 | – | 72,380 | – | 2.90% | – |
| LENB | New | LENNAR CORPcl b | $2,959,000 | – | 76,846 | – | 2.39% | – |
| STOR | New | STORE CAP CORP | $2,086,000 | – | 62,850 | – | 1.69% | – |
| HESM | New | HESS MIDSTREAM PARTNERS LPunit ltd pr int | $1,153,000 | – | 59,145 | – | 0.93% | – |
| M | New | MACYS INC | $1,073,000 | – | 50,000 | – | 0.87% | – |
| CEF | New | SPROTT PHYSICAL GOLD & SILVEtr unit | $331,000 | – | 25,000 | – | 0.27% | – |
| GOOGL | New | ALPHABET INCcap stk cl a | $305,000 | – | 282 | – | 0.25% | – |
Q4 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SHLDQ | Exit | SEARS HLDGS CORP | $0 | – | -36,482 | – | -0.02% | – |
| GG | Exit | GOLDCORP INC NEW | $0 | – | -10,000 | – | -0.07% | – |
| CEF | Exit | SPROTT PHYSICAL GOLD & SILVEtr unit | $0 | – | -25,000 | – | -0.20% | – |
| SPY | Exit | SPDR S&P 500 ETF TRput | $0 | – | -800 | – | -0.21% | – |
| GOOGL | Exit | ALPHABET INCcap stk cl a | $0 | – | -282 | – | -0.24% | – |
| OSTK | Exit | OVERSTOCK COM INC DEL | $0 | – | -35,200 | – | -0.69% | – |
| HESM | Exit | HESS MIDSTREAM PARTNERS LPunit ltd pr int | $0 | – | -44,622 | – | -0.72% | – |
| M | Exit | MACYS INC | $0 | – | -40,000 | – | -0.98% | – |
| STOR | Exit | STORE CAP CORP | $0 | – | -62,850 | – | -1.23% | – |
| BLDR | Exit | BUILDERS FIRSTSOURCE INC | $0 | – | -211,050 | – | -2.18% | – |
| OAK | Exit | OAKTREE CAP GROUP LLCunit cl a | $0 | – | -94,650 | – | -2.76% | – |
| Y | Exit | ALLEGHANY CORP DEL | $0 | – | -6,435 | – | -2.96% | – |
| SYX | Exit | SYSTEMAX INC | $0 | – | -184,797 | – | -4.28% | – |
| VZ | Exit | VERIZON COMMUNICATIONS INC | $0 | – | -149,934 | – | -5.63% | – |
| FHI | Exit | FEDERATED INVS INC PAcl b | $0 | – | -331,921 | – | -5.63% | – |
| AAL | Exit | AMERICAN AIRLS GROUP INC | $0 | – | -209,375 | – | -6.09% | – |
| SPB | Exit | SPECTRUM BRANDS HLDGS INC NE | $0 | – | -117,105 | – | -6.16% | – |
| HPQ | Exit | HP INC | $0 | – | -415,566 | – | -7.54% | – |
| JEF | Exit | JEFFERIES FINL GROUP INC | $0 | – | -533,339 | – | -8.24% | – |
| BRKB | Exit | BERKSHIRE HATHAWAY INC DELcl b new | $0 | – | -56,599 | – | -8.53% | – |
| GOOG | Exit | ALPHABET INCcap stk cl c | $0 | – | -10,743 | – | -9.02% | – |
| GOLD | Exit | BARRICK GOLD CORP | $0 | – | -1,588,435 | – | -12.38% | – |
| WPX | Exit | WPX ENERGY INC | $0 | – | -1,005,771 | – | -14.24% | – |
Q3 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WPX | Sell | WPX ENERGY INC | $20,236,000 | -17.9% | 1,005,771 | -26.4% | 14.24% | -12.6% |
| GOLD | Sell | BARRICK GOLD CORP | $17,600,000 | -17.8% | 1,588,435 | -2.6% | 12.38% | -12.5% |
| GOOG | Sell | ALPHABET INCcap stk cl c | $12,821,000 | -6.9% | 10,743 | -12.9% | 9.02% | -0.8% |
| BRKB | Sell | BERKSHIRE HATHAWAY INC DELcl b new | $12,118,000 | +7.5% | 56,599 | -6.3% | 8.53% | +14.5% |
| JEF | Sell | JEFFERIES FINL GROUP INC | $11,712,000 | -6.9% | 533,339 | -3.6% | 8.24% | -0.9% |
| HPQ | Sell | HP INC | $10,709,000 | +5.7% | 415,566 | -7.0% | 7.54% | +12.5% |
| SPB | New | SPECTRUM BRANDS HLDGS INC NE | $8,750,000 | – | 117,105 | – | 6.16% | – |
| AAL | Buy | AMERICAN AIRLS GROUP INC | $8,653,000 | +21.9% | 209,375 | +12.0% | 6.09% | +29.8% |
| FHI | Sell | FEDERATED INVS INC PAcl b | $8,006,000 | -1.3% | 331,921 | -4.6% | 5.63% | +5.1% |
| VZ | Sell | VERIZON COMMUNICATIONS INC | $8,005,000 | +1.6% | 149,934 | -4.2% | 5.63% | +8.2% |
| SYX | Sell | SYSTEMAX INC | $6,087,000 | -20.1% | 184,797 | -16.7% | 4.28% | -14.9% |
| Y | Sell | ALLEGHANY CORP DEL | $4,199,000 | +6.1% | 6,435 | -6.5% | 2.96% | +13.0% |
| OAK | Sell | OAKTREE CAP GROUP LLCunit cl a | $3,919,000 | -2.4% | 94,650 | -4.2% | 2.76% | +3.9% |
| BLDR | Buy | BUILDERS FIRSTSOURCE INC | $3,098,000 | -0.9% | 211,050 | +23.5% | 2.18% | +5.5% |
| STOR | Sell | STORE CAP CORP | $1,747,000 | -2.7% | 62,850 | -4.1% | 1.23% | +3.5% |
| M | Sell | MACYS INC | $1,389,000 | -38.2% | 40,000 | -33.3% | 0.98% | -34.2% |
| OSTK | New | OVERSTOCK COM INC DEL | $975,000 | – | 35,200 | – | 0.69% | – |
| SPY | New | SPDR S&P 500 ETF TRput | $296,000 | – | 800 | – | 0.21% | – |
| CEF | Buy | SPROTT PHYSICAL GOLD & SILVEtr unit | $292,000 | +1.4% | 25,000 | +8.7% | 0.20% | +7.9% |
| SHLDQ | Sell | SEARS HLDGS CORP | $35,000 | -61.1% | 36,482 | -3.4% | 0.02% | -57.6% |
| SPB | Exit | SPECTRUM BRANDS HLDGS INC | $0 | – | -121,880 | – | -6.57% | – |
Q2 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WPX | New | WPX ENERGY INC | $24,643,000 | – | 1,366,776 | – | 16.28% | – |
| GOLD | New | BARRICK GOLD CORP | $21,419,000 | – | 1,631,265 | – | 14.16% | – |
| GOOG | New | ALPHABET INCcap stk cl c | $13,765,000 | – | 12,338 | – | 9.10% | – |
| JEF | New | JEFFERIES FINL GROUP INC | $12,584,000 | – | 553,391 | – | 8.32% | – |
| BRKB | New | BERKSHIRE HATHAWAY INC DELcl b new | $11,269,000 | – | 60,374 | – | 7.45% | – |
| HPQ | New | HP INC | $10,135,000 | – | 446,669 | – | 6.70% | – |
| SPB | New | SPECTRUM BRANDS HLDGS INC | $9,948,000 | – | 121,880 | – | 6.57% | – |
| FHI | New | FEDERATED INVS INC PAcl b | $8,115,000 | – | 347,971 | – | 5.36% | – |
| VZ | New | VERIZON COMMUNICATIONS INC | $7,878,000 | – | 156,584 | – | 5.21% | – |
| SYX | New | SYSTEMAX INC | $7,614,000 | – | 221,801 | – | 5.03% | – |
| AAL | New | AMERICAN AIRLS GROUP INC | $7,098,000 | – | 186,975 | – | 4.69% | – |
| OAK | New | OAKTREE CAP GROUP LLCunit cl a | $4,016,000 | – | 98,800 | – | 2.65% | – |
| Y | New | ALLEGHANY CORP DEL | $3,956,000 | – | 6,880 | – | 2.61% | – |
| BLDR | New | BUILDERS FIRSTSOURCE INC | $3,126,000 | – | 170,900 | – | 2.07% | – |
| M | New | MACYS INC | $2,246,000 | – | 60,000 | – | 1.48% | – |
| STOR | New | STORE CAP CORP | $1,796,000 | – | 65,550 | – | 1.19% | – |
| HESM | New | HESS MIDSTREAM PARTNERS LPunit ltd pr int | $879,000 | – | 44,622 | – | 0.58% | – |
| GOOGL | New | ALPHABET INCcap stk cl a | $318,000 | – | 282 | – | 0.21% | – |
| CEF | New | SPROTT PHYSICAL GOLD & SILVEtr unit | $288,000 | – | 23,000 | – | 0.19% | – |
| GG | New | GOLDCORP INC NEW | $137,000 | – | 10,000 | – | 0.09% | – |
| SHLDQ | New | SEARS HLDGS CORP | $90,000 | – | 37,782 | – | 0.06% | – |
Q4 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WPXP | Exit | WPX ENERGY INCpfd ser a cv | $0 | – | -4,800 | – | -0.13% | – |
| CEF | Exit | CENTRAL FD CDA LTDcl a | $0 | – | -23,000 | – | -0.15% | – |
| SHLDQ | Exit | SEARS HLDGS CORP | $0 | – | -58,297 | – | -0.22% | – |
| DDS | Exit | DILLARDS INCcl a | $0 | – | -20,000 | – | -0.57% | – |
| M | Exit | MACYS INC | $0 | – | -60,000 | – | -0.66% | – |
| NYRT | Exit | NEW YORK REIT INC | $0 | – | -289,300 | – | -1.15% | – |
| Y | Exit | ALLEGHANY CORP DEL | $0 | – | -4,380 | – | -1.23% | – |
| GOOGL | Exit | ALPHABET INCcap stk cl a | $0 | – | -3,042 | – | -1.50% | – |
| BLDR | Exit | BUILDERS FIRSTSOURCE INC | $0 | – | -203,800 | – | -1.85% | – |
| OAK | Exit | OAKTREE CAP GROUP LLCunit cl a | $0 | – | -81,150 | – | -1.93% | – |
| AAL | Exit | AMERICAN AIRLS GROUP INC | $0 | – | -143,400 | – | -3.44% | – |
| WTM | Exit | WHITE MTNS INS GROUP LTD | $0 | – | -8,548 | – | -3.71% | – |
| SPB | Exit | SPECTRUM BRANDS HLDGS INC | $0 | – | -83,240 | – | -4.46% | – |
| SYX | Exit | SYSTEMAX INC | $0 | – | -405,272 | – | -5.42% | – |
| VZ | Exit | VERIZON COMMUNICATIONS INC | $0 | – | -219,384 | – | -5.49% | – |
| BRKB | Exit | BERKSHIRE HATHAWAY INC DELcl b new | $0 | – | -67,269 | – | -6.24% | – |
| FHI | Exit | FEDERATED INVS INC PAcl b | $0 | – | -441,655 | – | -6.64% | – |
| LUK | Exit | LEUCADIA NATL CORP | $0 | – | -526,034 | – | -6.72% | – |
| HPQ | Exit | HP INC | $0 | – | -672,759 | – | -6.79% | – |
| GOOG | Exit | ALPHABET INCcap stk cl c | $0 | – | -16,241 | – | -7.88% | – |
| GOLD | Exit | BARRICK GOLD CORP | $0 | – | -2,051,365 | – | -16.70% | – |
| WPX | Exit | WPX ENERGY INC | $0 | – | -2,946,627 | – | -17.14% | – |
Q3 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WPX | Sell | WPX ENERGY INC | $33,886,000 | +19.0% | 2,946,627 | -0.0% | 17.14% | +20.6% |
| GOLD | Sell | BARRICK GOLD CORP | $33,006,000 | -1.4% | 2,051,365 | -2.5% | 16.70% | -0.1% |
| GOOG | Sell | ALPHABET INCcap stk cl c | $15,577,000 | -1.9% | 16,241 | -7.1% | 7.88% | -0.7% |
| HPQ | Sell | HP INC | $13,428,000 | +14.1% | 672,759 | -0.1% | 6.79% | +15.5% |
| LUK | Sell | LEUCADIA NATL CORP | $13,282,000 | -22.8% | 526,034 | -20.1% | 6.72% | -21.9% |
| FHI | Sell | FEDERATED INVS INC PAcl b | $13,117,000 | +5.0% | 441,655 | -0.1% | 6.64% | +6.4% |
| BRKB | Sell | BERKSHIRE HATHAWAY INC DELcl b new | $12,332,000 | +8.1% | 67,269 | -0.2% | 6.24% | +9.4% |
| VZ | Sell | VERIZON COMMUNICATIONS INC | $10,857,000 | +10.7% | 219,384 | -0.1% | 5.49% | +12.1% |
| SYX | Sell | SYSTEMAX INC | $10,711,000 | +15.5% | 405,272 | -17.8% | 5.42% | +17.0% |
| SPB | Sell | SPECTRUM BRANDS HLDGS INC | $8,817,000 | -24.4% | 83,240 | -10.8% | 4.46% | -23.5% |
| WTM | Sell | WHITE MTNS INS GROUP LTD | $7,326,000 | -1.4% | 8,548 | -0.1% | 3.71% | -0.1% |
| AAL | Sell | AMERICAN AIRLS GROUP INC | $6,810,000 | -5.7% | 143,400 | -0.1% | 3.44% | -4.5% |
| OAK | New | OAKTREE CAP GROUP LLCunit cl a | $3,818,000 | – | 81,150 | – | 1.93% | – |
| GOOGL | Sell | ALPHABET INCcap stk cl a | $2,962,000 | -15.5% | 3,042 | -19.3% | 1.50% | -14.4% |
| Y | Sell | ALLEGHANY CORP DEL | $2,427,000 | -68.3% | 4,380 | -66.0% | 1.23% | -67.9% |
| NYRT | Buy | NEW YORK REIT INC | $2,271,000 | +75.2% | 289,300 | +92.9% | 1.15% | +77.6% |
| M | New | MACYS INC | $1,309,000 | – | 60,000 | – | 0.66% | – |
| DDS | New | DILLARDS INCcl a | $1,121,000 | – | 20,000 | – | 0.57% | – |
| SHLDQ | Sell | SEARS HLDGS CORP | $426,000 | -22.4% | 58,297 | -6.0% | 0.22% | -21.5% |
| Exit | SPDR S&P 500 ETF TRput | $0 | – | -1,650 | – | -0.08% | – | |
| SPLS | Exit | STAPLES INC | $0 | – | -725,710 | – | -3.65% | – |
Q2 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| GOLD | New | BARRICK GOLD CORP | $33,465,000 | – | 2,103,415 | – | 16.72% | – |
| WPX | New | WPX ENERGY INC | $28,465,000 | – | 2,946,727 | – | 14.22% | – |
| LUK | New | LEUCADIA NATL CORP | $17,212,000 | – | 657,957 | – | 8.60% | – |
| GOOG | New | ALPHABET INCcap stk cl c | $15,886,000 | – | 17,482 | – | 7.94% | – |
| FHI | New | FEDERATED INVS INC PAcl b | $12,489,000 | – | 442,105 | – | 6.24% | – |
| HPQ | New | HP INC | $11,770,000 | – | 673,369 | – | 5.88% | – |
| SPB | New | SPECTRUM BRANDS HLDGS INC | $11,670,000 | – | 93,330 | – | 5.83% | – |
| BRKB | New | BERKSHIRE HATHAWAY INC DELcl b new | $11,412,000 | – | 67,379 | – | 5.70% | – |
| VZ | New | VERIZON COMMUNICATIONS INC | $9,808,000 | – | 219,604 | – | 4.90% | – |
| SYX | New | SYSTEMAX INC | $9,272,000 | – | 493,191 | – | 4.63% | – |
| Y | New | ALLEGHANY CORP DEL | $7,659,000 | – | 12,877 | – | 3.82% | – |
| WTM | New | WHITE MTNS INS GROUP LTD | $7,429,000 | – | 8,553 | – | 3.71% | – |
| SPLS | New | STAPLES INC | $7,308,000 | – | 725,710 | – | 3.65% | – |
| AAL | New | AMERICAN AIRLS GROUP INC | $7,221,000 | – | 143,500 | – | 3.61% | – |
| GOOGL | New | ALPHABET INCcap stk cl a | $3,506,000 | – | 3,771 | – | 1.75% | – |
| BLDR | New | BUILDERS FIRSTSOURCE INC | $3,122,000 | – | 203,800 | – | 1.56% | – |
| NYRT | New | NEW YORK REIT INC | $1,296,000 | – | 150,000 | – | 0.65% | – |
| SHLDQ | New | SEARS HLDGS CORP | $549,000 | – | 61,997 | – | 0.27% | – |
| CEF | New | CENTRAL FD CDA LTDcl a | $284,000 | – | 23,000 | – | 0.14% | – |
| WPXP | New | WPX ENERGY INCpfd ser a cv | $226,000 | – | 4,800 | – | 0.11% | – |
| New | SPDR S&P 500 ETF TRput | $163,000 | – | 1,650 | – | 0.08% | – |
Q4 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| XCO | Exit | EXCO RESOURCES INC | $0 | – | -42,650 | – | -0.02% | – |
| CEF | Exit | CENTRAL FD CDA LTDcl a | $0 | – | -18,000 | – | -0.08% | – |
| SPY | Exit | SPDR S&P 500 ETF TR | $0 | – | -3,580 | – | -0.29% | – |
| MSFT | Exit | MICROSOFT CORP | $0 | – | -31,580 | – | -0.61% | – |
| WPXP | Exit | WPX ENERGY INCpfd ser a cv | $0 | – | -38,320 | – | -0.79% | – |
| SRG | Exit | SERITAGE GROWTH PPTYScl a | $0 | – | -80,894 | – | -1.37% | – |
| SHLDQ | Exit | SEARS HLDGS CORP | $0 | – | -395,107 | – | -1.51% | – |
| SYX | Exit | SYSTEMAX INC | $0 | – | -600,412 | – | -1.59% | – |
| GOOGL | Exit | ALPHABET INCcap stk cl a | $0 | – | -9,616 | – | -2.58% | – |
| BRKB | Exit | BERKSHIRE HATHAWAY INC DELcl b new | $0 | – | -66,356 | – | -3.20% | – |
| WAC | Exit | WALTER INVT MGMT CORP | $0 | – | -2,579,606 | – | -3.50% | – |
| FHI | Exit | FEDERATED INVS INC PAcl b | $0 | – | -435,305 | – | -4.31% | – |
| SPLS | Exit | STAPLES INC | $0 | – | -1,531,610 | – | -4.38% | – |
| SPB | Exit | SPECTRUM BRANDS HLDGS INC | $0 | – | -98,470 | – | -4.53% | – |
| VZ | Exit | VERIZON COMMUNICATIONS INC | $0 | – | -263,204 | – | -4.57% | – |
| HPE | Exit | HEWLETT PACKARD ENTERPRISE C | $0 | – | -603,949 | – | -4.59% | – |
| Y | Exit | ALLEGHANY CORP DEL | $0 | – | -27,522 | – | -4.83% | – |
| GOOG | Exit | ALPHABET INCcap stk cl c | $0 | – | -19,888 | – | -5.17% | – |
| HPQ | Exit | HP INC | $0 | – | -1,006,799 | – | -5.23% | – |
| LUK | Exit | LEUCADIA NATL CORP | $0 | – | -913,015 | – | -5.81% | – |
| WTM | Exit | WHITE MTNS INS GROUP LTD | $0 | – | -22,709 | – | -6.30% | – |
| GOLD | Exit | BARRICK GOLD CORP | $0 | – | -2,811,835 | – | -16.66% | – |
| WPX | Exit | WPX ENERGY INC | $0 | – | -4,099,724 | – | -18.08% | – |
Q3 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WPX | Sell | WPX ENERGY INC | $54,075,000 | +29.4% | 4,099,724 | -8.6% | 18.08% | +26.0% |
| GOLD | Buy | BARRICK GOLD CORP | $49,826,000 | -15.5% | 2,811,835 | +1.8% | 16.66% | -17.8% |
| LUK | Sell | LEUCADIA NATL CORP | $17,384,000 | +9.8% | 913,015 | -0.0% | 5.81% | +7.0% |
| HPQ | Sell | HP INC | $15,636,000 | +0.1% | 1,006,799 | -19.1% | 5.23% | -2.6% |
| GOOG | Sell | ALPHABET INCcap stk cl c | $15,459,000 | +12.3% | 19,888 | -0.1% | 5.17% | +9.3% |
| Y | Sell | ALLEGHANY CORP DEL | $14,450,000 | -4.5% | 27,522 | -0.0% | 4.83% | -7.0% |
| HPE | Sell | HEWLETT PACKARD ENTERPRISE C | $13,740,000 | +24.5% | 603,949 | -0.0% | 4.59% | +21.2% |
| VZ | Sell | VERIZON COMMUNICATIONS INC | $13,681,000 | -6.9% | 263,204 | -0.0% | 4.57% | -9.4% |
| SPB | Sell | SPECTRUM BRANDS HLDGS INC | $13,558,000 | -16.2% | 98,470 | -27.4% | 4.53% | -18.5% |
| SPLS | Sell | STAPLES INC | $13,095,000 | -0.8% | 1,531,610 | -0.0% | 4.38% | -3.5% |
| FHI | Sell | FEDERATED INVS INC PAcl b | $12,898,000 | +2.8% | 435,305 | -0.1% | 4.31% | +0.1% |
| WAC | Buy | WALTER INVT MGMT CORP | $10,473,000 | +51.2% | 2,579,606 | +2.8% | 3.50% | +47.2% |
| BRKB | Sell | BERKSHIRE HATHAWAY INC DELcl b new | $9,586,000 | -0.3% | 66,356 | -0.1% | 3.20% | -2.9% |
| SYX | Buy | SYSTEMAX INC | $4,755,000 | +0.8% | 600,412 | +8.6% | 1.59% | -1.9% |
| SHLDQ | Sell | SEARS HLDGS CORP | $4,528,000 | -15.9% | 395,107 | -0.1% | 1.51% | -18.1% |
| MSFT | Sell | MICROSOFT CORP | $1,819,000 | -36.0% | 31,580 | -43.1% | 0.61% | -37.6% |
| SPY | New | SPDR S&P 500 ETF TR | $879,000 | – | 3,580 | – | 0.29% | – |
| XCO | Sell | EXCO RESOURCES INC | $46,000 | -20.7% | 42,650 | -4.6% | 0.02% | -25.0% |
| SPY | Exit | SPDR S&P 500 ETF TRput | $0 | – | -3,200 | – | -0.35% | – |
Q2 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| GOLD | New | BARRICK GOLD CORP | $58,994,000 | – | 2,763,185 | – | 20.25% | – |
| WPX | New | WPX ENERGY INC | $41,780,000 | – | 4,487,624 | – | 14.34% | – |
| WTM | New | WHITE MOUNTAINS INS GROUP LTD | $19,121,000 | – | 22,709 | – | 6.56% | – |
| SPB | New | SPECTRUM BRANDS HOLDINGS INC | $16,188,000 | – | 135,680 | – | 5.56% | – |
| LUK | New | LEUCADIA NATL CORP | $15,826,000 | – | 913,215 | – | 5.43% | – |
| HPQ | New | HP INC | $15,620,000 | – | 1,244,599 | – | 5.36% | – |
| Y | New | ALLEGHANY CORP | $15,128,000 | – | 27,527 | – | 5.19% | – |
| VZ | New | VERIZON COMMUNICATIONS INC | $14,699,000 | – | 263,234 | – | 5.05% | – |
| GOOG | New | ALPHABET INC CAP STOCK CL Ccl c | $13,771,000 | – | 19,898 | – | 4.73% | – |
| SPLS | New | STAPLES INC | $13,205,000 | – | 1,531,910 | – | 4.53% | – |
| FHI | New | FEDERATED INVESTORS INC PA CLcl b | $12,542,000 | – | 435,805 | – | 4.31% | – |
| HPE | New | HEWLETT PACKARD ENTERPRISE CO | $11,036,000 | – | 604,049 | – | 3.79% | – |
| BRKB | New | BERKSHIRE HATHAWAY INC CL Bcl b new | $9,613,000 | – | 66,396 | – | 3.30% | – |
| WAC | New | WALTER INV MGMT CORP | $6,926,000 | – | 2,509,283 | – | 2.38% | – |
| GOOGL | New | ALPHABET INC CAP STOCK CL Acl a | $6,765,000 | – | 9,616 | – | 2.32% | – |
| SHLDQ | New | SEARS HOLDINGS CORP | $5,382,000 | – | 395,477 | – | 1.85% | – |
| SYX | New | SYSTEMAX INC | $4,715,000 | – | 552,733 | – | 1.62% | – |
| SRG | New | SERITAGE GROWTH PROPERTIES CLcl a | $4,032,000 | – | 80,894 | – | 1.38% | – |
| MSFT | New | MICROSOFT CORP | $2,840,000 | – | 55,510 | – | 0.98% | – |
| WPXP | New | WPX ENERGY INC PFD SER ACVpfd ser a cv | $1,769,000 | – | 38,320 | – | 0.61% | – |
| SPY | New | SPDR S&P 500 ETF TRput | $1,009,000 | – | 3,200 | – | 0.35% | – |
| CEF | New | CENTRAL FUND CDA LTD CL Acl a | $250,000 | – | 18,000 | – | 0.09% | – |
| XCO | New | EXCO RESOURCES INC | $58,000 | – | 44,700 | – | 0.02% | – |
Q4 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| XCO | Exit | EXCO RESOURCES INC | $0 | – | -44,700 | – | -0.01% | – |
| CEF | Exit | CENTRAL FD CDA LTDcl a | $0 | – | -10,000 | – | -0.04% | – |
| GG | Exit | GOLDCORP INC NEW | $0 | – | -37,000 | – | -0.18% | – |
| MSFT | Exit | MICROSOFT CORP | $0 | – | -57,210 | – | -0.98% | – |
| SRG | Exit | SERITAGE GROWTH PPTYScl a | $0 | – | -81,494 | – | -1.18% | – |
| SYX | Exit | SYSTEMAX INC | $0 | – | -556,381 | – | -1.61% | – |
| WPXP | Exit | WPX ENERGY INCpfd ser a cv | $0 | – | -124,220 | – | -1.74% | – |
| BRKB | Exit | BERKSHIRE HATHAWAY INC DELcl b new | $0 | – | -35,596 | – | -1.80% | – |
| HRG | Exit | HRG GROUP INC | $0 | – | -481,800 | – | -2.19% | – |
| SHLDQ | Exit | SEARS HLDGS CORP | $0 | – | -398,527 | – | -3.49% | – |
| GOOGL | Exit | GOOGLE INCcl a | $0 | – | -16,150 | – | -3.99% | – |
| VZ | Exit | VERIZON COMMUNICATIONS INC | $0 | – | -244,850 | – | -4.13% | – |
| GOOG | Exit | GOOGLE INCcl c | $0 | – | -19,238 | – | -4.53% | – |
| SPLS | Exit | STAPLES INC | $0 | – | -1,029,510 | – | -4.68% | – |
| SPB | Exit | SPECTRUM BRANDS HLDGS INC | $0 | – | -135,965 | – | -4.82% | – |
| FHI | Exit | FEDERATED INVS INC PAcl b | $0 | – | -441,625 | – | -4.94% | – |
| Y | Exit | ALLEGHANY CORP DEL | $0 | – | -27,787 | – | -5.04% | – |
| LUK | Exit | LEUCADIA NATL CORP | $0 | – | -715,485 | – | -5.62% | – |
| WTM | Exit | WHITE MTNS INS GROUP LTD | $0 | – | -22,804 | – | -6.60% | – |
| HPQ | Exit | HEWLETT PACKARD CO | $0 | – | -693,289 | – | -6.88% | – |
| GOLD | Exit | BARRICK GOLD CORP | $0 | – | -3,673,810 | – | -9.05% | – |
| WPX | Exit | WPX ENERGY INC | $0 | – | -4,190,349 | – | -10.74% | – |
| WAC | Exit | WALTER INVT MGMT CORP | $0 | – | -2,504,847 | – | -15.77% | – |
Q3 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WAC | Sell | WALTER INVT MGMT CORP | $40,704,000 | -29.8% | 2,504,847 | -1.2% | 15.77% | -14.3% |
| WPX | Buy | WPX ENERGY INC | $27,740,000 | -36.2% | 4,190,349 | +18.3% | 10.74% | -22.2% |
| GOLD | Buy | BARRICK GOLD CORP | $23,365,000 | -5.8% | 3,673,810 | +57.9% | 9.05% | +14.9% |
| HPQ | Sell | HEWLETT PACKARD CO | $17,755,000 | -24.7% | 693,289 | -11.8% | 6.88% | -8.2% |
| WTM | Sell | WHITE MTNS INS GROUP LTD | $17,041,000 | -8.5% | 22,804 | -19.8% | 6.60% | +11.6% |
| LUK | Sell | LEUCADIA NATL CORP | $14,496,000 | -21.0% | 715,485 | -5.4% | 5.62% | -3.7% |
| Y | Sell | ALLEGHANY CORP DEL | $13,007,000 | -6.0% | 27,787 | -5.9% | 5.04% | +14.7% |
| FHI | Sell | FEDERATED INVS INC PAcl b | $12,763,000 | -13.7% | 441,625 | -0.0% | 4.94% | +5.3% |
| SPB | Sell | SPECTRUM BRANDS HLDGS INC | $12,442,000 | -10.5% | 135,965 | -0.2% | 4.82% | +9.2% |
| SPLS | Sell | STAPLES INC | $12,076,000 | -35.6% | 1,029,510 | -16.0% | 4.68% | -21.5% |
| GOOG | Buy | GOOGLE INCcl c | $11,705,000 | +19.1% | 19,238 | +1.9% | 4.53% | +45.3% |
| VZ | Buy | VERIZON COMMUNICATIONS INC | $10,653,000 | +274.1% | 244,850 | +300.7% | 4.13% | +356.4% |
| GOOGL | Sell | GOOGLE INCcl a | $10,310,000 | +1.4% | 16,150 | -14.2% | 3.99% | +23.7% |
| SHLDQ | Sell | SEARS HLDGS CORP | $9,007,000 | -15.5% | 398,527 | -0.2% | 3.49% | +3.1% |
| HRG | Sell | HRG GROUP INC | $5,652,000 | -31.9% | 481,800 | -24.5% | 2.19% | -16.9% |
| BRKB | Sell | BERKSHIRE HATHAWAY INC DELcl b new | $4,642,000 | -4.2% | 35,596 | -0.0% | 1.80% | +16.8% |
| WPXP | New | WPX ENERGY INCpfd ser a cv | $4,487,000 | – | 124,220 | – | 1.74% | – |
| SYX | Sell | SYSTEMAX INC | $4,167,000 | -13.8% | 556,381 | -0.6% | 1.61% | +5.1% |
| SRG | New | SERITAGE GROWTH PPTYScl a | $3,036,000 | – | 81,494 | – | 1.18% | – |
| MSFT | Sell | MICROSOFT CORP | $2,532,000 | -0.7% | 57,210 | -0.9% | 0.98% | +21.3% |
| GG | Sell | GOLDCORP INC NEW | $463,000 | -41.4% | 37,000 | -24.1% | 0.18% | -28.7% |
| CEF | New | CENTRAL FD CDA LTDcl a | $106,000 | – | 10,000 | – | 0.04% | – |
| XCO | Sell | EXCO RESOURCES INC | $34,000 | -96.9% | 44,700 | -95.2% | 0.01% | -96.3% |
| GDX | Exit | MARKET VECTORS ETF TRcall | $0 | – | -960 | – | -0.03% | – |
| SPY | Exit | SPDR S&P 500 ETF TRput | $0 | – | -1,925 | – | -0.29% | – |
| SHLWQ | Exit | SEARS HLDGS CORPw exp 12/15/201 | $0 | – | -64,610 | – | -0.32% | – |
| JGBS | Exit | DEUTSCHE BK AG LONDON BRHdb invr jap gov | $0 | – | -122,624 | – | -0.71% | – |
| JGBD | Exit | DEUTSCHE BK AG LONDON BRHdb 3x iv jap gov | $0 | – | -168,337 | – | -0.82% | – |
| GDX | Exit | MARKET VECTORS ETF TRgold miner etf | $0 | – | -230,000 | – | -1.30% | – |
Q2 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WAC | New | WALTER INVT MGMT CORP | $57,978,000 | – | 2,535,101 | – | 18.41% | – |
| WPX | New | WPX ENERGY INC | $43,502,000 | – | 3,542,499 | – | 13.81% | – |
| GOLD | New | BARRICK GOLD CORP | $24,799,000 | – | 2,326,380 | – | 7.87% | – |
| HPQ | New | HEWLETT PACKARD CO | $23,590,000 | – | 786,086 | – | 7.49% | – |
| SPLS | New | STAPLES INC | $18,759,000 | – | 1,225,260 | – | 5.96% | – |
| WTM | New | WHITE MTNS INS GROUP LTD | $18,624,000 | – | 28,436 | – | 5.91% | – |
| LUK | New | LEUCADIA NATL CORP | $18,360,000 | – | 756,185 | – | 5.83% | – |
| FHI | New | FEDERATED INVS INC PAcl b | $14,792,000 | – | 441,690 | – | 4.70% | – |
| SPB | New | SPECTRUM BRANDS HLDGS INC | $13,897,000 | – | 136,255 | – | 4.41% | – |
| Y | New | ALLEGHANY CORP DEL | $13,839,000 | – | 29,522 | – | 4.39% | – |
| SHLDQ | New | SEARS HLDGS CORP | $10,663,000 | – | 399,352 | – | 3.38% | – |
| GOOGL | New | GOOGLE INCcl a | $10,166,000 | – | 18,825 | – | 3.23% | – |
| GOOG | New | GOOGLE INCcl c | $9,827,000 | – | 18,879 | – | 3.12% | – |
| HRG | New | HRG GROUP INC | $8,297,000 | – | 638,251 | – | 2.63% | – |
| BRKB | New | BERKSHIRE HATHAWAY INC DELcl b new | $4,847,000 | – | 35,611 | – | 1.54% | – |
| SYX | New | SYSTEMAX INC | $4,835,000 | – | 559,663 | – | 1.54% | – |
| GDX | New | MARKET VECTORS ETF TRgold miner etf | $4,085,000 | – | 230,000 | – | 1.30% | – |
| VZ | New | VERIZON COMMUNICATIONS INC | $2,848,000 | – | 61,100 | – | 0.90% | – |
| JGBD | New | DEUTSCHE BK AG LONDON BRHdb 3x iv jap gov | $2,582,000 | – | 168,337 | – | 0.82% | – |
| MSFT | New | MICROSOFT CORP | $2,549,000 | – | 57,735 | – | 0.81% | – |
| JGBS | New | DEUTSCHE BK AG LONDON BRHdb invr jap gov | $2,238,000 | – | 122,624 | – | 0.71% | – |
| XCO | New | EXCO RESOURCES INC | $1,101,000 | – | 932,886 | – | 0.35% | – |
| SHLWQ | New | SEARS HLDGS CORPw exp 12/15/201 | $1,012,000 | – | 64,610 | – | 0.32% | – |
| SPY | New | SPDR S&P 500 ETF TRput | $917,000 | – | 1,925 | – | 0.29% | – |
| GG | New | GOLDCORP INC NEW | $790,000 | – | 48,750 | – | 0.25% | – |
| GDX | New | MARKET VECTORS ETF TRcall | $99,000 | – | 960 | – | 0.03% | – |
Q4 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| S | Exit | Sprint Corp | $0 | – | -18,400 | – | -0.02% | – |
| GDX | Exit | Market Vectors ETF Trgold miner etf | $0 | – | -35,300 | – | -0.15% | – |
| Exit | SPDR S&P 500 ETF TR | $0 | – | -13,000 | – | -0.33% | – | |
| JGBS | Exit | Deutsche Bk AG London BRHinv jap gov bd | $0 | – | -122,624 | – | -0.46% | – |
| JGBD | Exit | Deutsche Bk AG London BRH3x inv jap gov | $0 | – | -168,337 | – | -0.56% | – |
| SHLDQ | Exit | Sears Hldgs Corp | $0 | – | -306,152 | – | -1.58% | – |
| SYX | Exit | Systemax Inc | $0 | – | -640,452 | – | -1.63% | – |
| XCO | Exit | EXCO Resources Inc | $0 | – | -2,450,412 | – | -1.67% | – |
| HRG | Exit | Harbinger Group Inc | $0 | – | -695,100 | – | -1.86% | – |
| GG | Exit | Goldcorp Inc New | $0 | – | -418,400 | – | -1.97% | – |
| GOOG | Exit | Google Inccl c | $0 | – | -21,541 | – | -2.54% | – |
| GOOGL | Exit | Google Inccl a | $0 | – | -21,541 | – | -2.59% | – |
| DVN | Exit | Devon Energy Corp New | $0 | – | -191,250 | – | -2.66% | – |
| BRKB | Exit | Berkshire Hathaway Inc Delcl b new | $0 | – | -107,013 | – | -3.02% | – |
| FHI | Exit | Federated Invs Inc PAcl b | $0 | – | -508,930 | – | -3.05% | – |
| Y | Exit | Alleghany Corp Del | $0 | – | -51,082 | – | -4.36% | – |
| SPLS | Exit | Staples Inc | $0 | – | -1,812,660 | – | -4.48% | – |
| OCN | Exit | Ocwen Finl Corp | $0 | – | -939,700 | – | -5.02% | – |
| LUK | Exit | Leucadia Natl Corp | $0 | – | -1,094,388 | – | -5.33% | – |
| WTM | Exit | White Mtns Ins Group Ltd | $0 | – | -42,925 | – | -5.52% | – |
| SPB | Exit | Spectrum Brands Hldgs Inc | $0 | – | -299,500 | – | -5.54% | – |
| GOLD | Exit | Barrick Gold Corp | $0 | – | -1,946,830 | – | -5.83% | – |
| WPX | Exit | WPX Energy Inc | $0 | – | -1,553,699 | – | -7.63% | – |
| MSFT | Exit | Microsoft Corp | $0 | – | -870,700 | – | -8.24% | – |
| WAC | Exit | Walter Inv Mgmt Corp | $0 | – | -2,275,600 | – | -10.20% | – |
| HPQ | Exit | Hewlett Packard Co | $0 | – | -1,901,854 | – | -13.77% | – |
Q3 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| HPQ | Sell | Hewlett Packard Co | $67,459,000 | -24.6% | 1,901,854 | -28.4% | 13.77% | -14.0% |
| WAC | Buy | Walter Inv Mgmt Corp | $49,949,000 | -9.0% | 2,275,600 | +23.4% | 10.20% | +3.8% |
| MSFT | Sell | Microsoft Corp | $40,366,000 | -3.9% | 870,700 | -13.5% | 8.24% | +9.6% |
| WPX | Buy | WPX Energy Inc | $37,382,000 | +6.6% | 1,553,699 | +6.0% | 7.63% | +21.6% |
| GOLD | Buy | Barrick Gold Corp | $28,541,000 | -16.8% | 1,946,830 | +3.8% | 5.83% | -5.2% |
| SPB | Sell | Spectrum Brands Hldgs Inc | $27,114,000 | -34.9% | 299,500 | -38.1% | 5.54% | -25.7% |
| WTM | Sell | White Mtns Ins Group Ltd | $27,046,000 | +3.5% | 42,925 | -0.1% | 5.52% | +18.0% |
| LUK | Sell | Leucadia Natl Corp | $26,090,000 | -14.3% | 1,094,388 | -5.7% | 5.33% | -2.3% |
| OCN | Buy | Ocwen Finl Corp | $24,601,000 | +14.6% | 939,700 | +62.5% | 5.02% | +30.7% |
| SPLS | Buy | Staples Inc | $21,933,000 | +13.0% | 1,812,660 | +1.2% | 4.48% | +28.8% |
| Y | Sell | Alleghany Corp Del | $21,360,000 | -5.2% | 51,082 | -0.7% | 4.36% | +8.1% |
| BRKB | Sell | Berkshire Hathaway Inc Delcl b new | $14,783,000 | -32.3% | 107,013 | -38.0% | 3.02% | -22.8% |
| GOOGL | Sell | Google Inccl a | $12,675,000 | +0.6% | 21,541 | -0.1% | 2.59% | +14.7% |
| GOOG | Sell | Google Inccl c | $12,437,000 | +0.3% | 21,541 | -0.1% | 2.54% | +14.4% |
| SHLDQ | Buy | Sears Hldgs Corp | $7,724,000 | -36.6% | 306,152 | +0.4% | 1.58% | -27.7% |
| New | SPDR S&P 500 ETF TR | $1,599,000 | – | 13,000 | – | 0.33% | – | |
| GDX | New | Market Vectors ETF Trgold miner etf | $754,000 | – | 35,300 | – | 0.15% | – |
| S | Sell | Sprint Corp | $117,000 | -94.7% | 18,400 | -92.8% | 0.02% | -93.9% |
Q2 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| HPQ | New | Hewlett Packard Co | $89,409,000 | – | 2,654,663 | – | 16.00% | – |
| WAC | New | Walter Inv Mgmt Corp | $54,901,000 | – | 1,843,550 | – | 9.83% | – |
| MSFT | New | Microsoft Corp | $41,986,000 | – | 1,006,850 | – | 7.52% | – |
| SPB | New | Spectrum Brands Hldgs Inc | $41,619,000 | – | 483,777 | – | 7.45% | – |
| WPX | New | WPX Energy Inc | $35,053,000 | – | 1,466,049 | – | 6.28% | – |
| GOLD | New | Barrick Gold Corp | $34,323,000 | – | 1,875,580 | – | 6.14% | – |
| LUK | New | Leucadia Natl Corp | $30,443,000 | – | 1,161,058 | – | 5.45% | – |
| WTM | New | White Mtns Ins Group Ltd | $26,136,000 | – | 42,955 | – | 4.68% | – |
| Y | New | Alleghany Corp Del | $22,531,000 | – | 51,427 | – | 4.03% | – |
| BRKB | New | Berkshire Hathaway Inc Delcl b new | $21,833,000 | – | 172,513 | – | 3.91% | – |
| OCN | New | Ocwen Finl Corp | $21,460,000 | – | 578,450 | – | 3.84% | – |
| SPLS | New | Staples Inc | $19,415,000 | – | 1,791,060 | – | 3.48% | – |
| FHI | New | Federated Invs Inc PAcl b | $15,736,000 | – | 508,930 | – | 2.82% | – |
| DVN | New | Devon Energy Corp New | $15,185,000 | – | 191,250 | – | 2.72% | – |
| XCO | New | EXCO Resources Inc | $14,433,000 | – | 2,450,412 | – | 2.58% | – |
| GOOGL | New | Google Inccl a | $12,603,000 | – | 21,555 | – | 2.26% | – |
| GOOG | New | Google Inccl c | $12,400,000 | – | 21,555 | – | 2.22% | – |
| SHLDQ | New | Sears Hldgs Corp | $12,186,000 | – | 304,962 | – | 2.18% | – |
| GG | New | Goldcorp Inc New | $11,678,000 | – | 418,400 | – | 2.09% | – |
| SYX | New | Systemax Inc | $9,203,000 | – | 640,452 | – | 1.65% | – |
| HRG | New | Harbinger Group Inc | $8,828,000 | – | 695,100 | – | 1.58% | – |
| JGBD | New | Deutsche Bk AG London BRH3x inv jap gov | $2,771,000 | – | 168,337 | – | 0.50% | – |
| JGBS | New | Deutsche Bk AG London BRHinv jap gov bd | $2,292,000 | – | 122,624 | – | 0.41% | – |
| S | New | Sprint Corp | $2,191,000 | – | 256,901 | – | 0.39% | – |
Q4 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| EPV | Exit | ProShares UltraShort FTSE Euroultrashort europ | $0 | – | -95,000 | – | -0.41% | – |
| JGBS | Exit | Deutsche Bank AG Inv Jap Govt3x inv jap gov | $0 | – | -98,074 | – | -0.44% | – |
| JGBD | Exit | Deutsche Bank AG 3X Inv Japaninv jap gov bd | $0 | – | -126,387 | – | -0.52% | – |
| BB | Exit | Blackberry Ltd | $0 | – | -300,000 | – | -0.56% | – |
| HRG | Exit | Harbinger Group Inc | $0 | – | -350,000 | – | -0.86% | – |
| SYX | Exit | Systemax Inc | $0 | – | -597,699 | – | -1.31% | – |
| GG | Exit | Goldcorp Inc | $0 | – | -215,000 | – | -1.33% | – |
| S | Exit | Sprint Corp Ser 1 | $0 | – | -909,173 | – | -1.34% | – |
| CKH | Exit | Seacor Holdings Inc | $0 | – | -72,461 | – | -1.55% | – |
| RSG | Exit | Republic Services Inc | $0 | – | -208,690 | – | -1.65% | – |
| XCO | Exit | EXCO Resources Inc | $0 | – | -1,151,542 | – | -1.84% | – |
| DVN | Exit | Devon Energy Corp | $0 | – | -181,800 | – | -2.49% | – |
| FHI | Exit | Federated Investors Inc PA Clcl b | $0 | – | -511,920 | – | -3.30% | – |
| WPX | Exit | WPX Energy Inc | $0 | – | -805,299 | – | -3.68% | – |
| SHLDQ | Exit | Sears Holdings Corp | $0 | – | -262,142 | – | -3.70% | – |
| Y | Exit | Alleghany Corp | $0 | – | -41,672 | – | -4.05% | – |
| SPLS | Exit | Staples Inc | $0 | – | -1,192,330 | – | -4.14% | – |
| WTM | Exit | White Mountains Ins Group Ltd | $0 | – | -33,898 | – | -4.56% | – |
| BRKB | Exit | Berkshire Hathaway Inc Cl Bcl b new | $0 | – | -173,888 | – | -4.68% | – |
| GOOGL | Exit | Google Inc Cl Acl a | $0 | – | -22,775 | – | -4.73% | – |
| GOLD | Exit | Barrick Gold Corp | $0 | – | -1,571,170 | – | -6.94% | – |
| MSFT | Exit | Microsoft Corp | $0 | – | -914,110 | – | -7.21% | – |
| LUK | Exit | Leucadia Natl Corp | $0 | – | -1,166,626 | – | -7.53% | – |
| WAC | Exit | Walter Inv Mgmt Corp | $0 | – | -897,854 | – | -8.42% | – |
| SPB | Exit | Spectrum Brands Holdings Inc | $0 | – | -663,161 | – | -10.35% | – |
| HPQ | Exit | Hewlett Packard Co | $0 | – | -2,494,946 | – | -12.41% | – |
Q3 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| HPQ | Buy | Hewlett Packard Co | $52,369,000 | -13.0% | 2,494,946 | +2.8% | 12.41% | -18.1% |
| SPB | Sell | Spectrum Brands Holdings Inc | $43,663,000 | +9.6% | 663,161 | -5.3% | 10.35% | +3.2% |
| WAC | Buy | Walter Inv Mgmt Corp | $35,501,000 | +23.3% | 897,854 | +5.4% | 8.42% | +16.1% |
| LUK | Buy | Leucadia Natl Corp | $31,779,000 | +4.0% | 1,166,626 | +0.1% | 7.53% | -2.1% |
| MSFT | Buy | Microsoft Corp | $30,422,000 | +1.5% | 914,110 | +5.3% | 7.21% | -4.5% |
| GOLD | Buy | Barrick Gold Corp | $29,255,000 | +21.6% | 1,571,170 | +2.8% | 6.94% | +14.5% |
| WTM | Buy | White Mountains Ins Group Ltd | $19,241,000 | +21.6% | 33,898 | +23.2% | 4.56% | +14.5% |
| Y | Buy | Alleghany Corp | $17,071,000 | +29.2% | 41,672 | +20.9% | 4.05% | +21.6% |
| SHLDQ | Buy | Sears Holdings Corp | $15,595,000 | +41.8% | 262,142 | +0.3% | 3.70% | +33.5% |
| WPX | Buy | WPX Energy Inc | $15,510,000 | +49.2% | 805,299 | +46.7% | 3.68% | +40.5% |
| DVN | New | Devon Energy Corp | $10,501,000 | – | 181,800 | – | 2.49% | – |
| XCO | Sell | EXCO Resources Inc | $7,761,000 | -18.8% | 1,151,542 | -8.0% | 1.84% | -23.6% |
| CKH | Buy | Seacor Holdings Inc | $6,553,000 | +9.1% | 72,461 | +0.2% | 1.55% | +2.6% |
| S | New | Sprint Corp Ser 1 | $5,654,000 | – | 909,173 | – | 1.34% | – |
| GG | New | Goldcorp Inc | $5,592,000 | – | 215,000 | – | 1.33% | – |
| SYX | Buy | Systemax Inc | $5,541,000 | -1.0% | 597,699 | +0.5% | 1.31% | -6.7% |
| HRG | New | Harbinger Group Inc | $3,629,000 | – | 350,000 | – | 0.86% | – |
| BB | New | Blackberry Ltd | $2,383,000 | – | 300,000 | – | 0.56% | – |
| JGBD | Buy | Deutsche Bank AG 3X Inv Japaninv jap gov bd | $2,213,000 | +39.7% | 126,387 | +49.2% | 0.52% | +31.6% |
| JGBS | Buy | Deutsche Bank AG Inv Jap Govt3x inv jap gov | $1,874,000 | +31.2% | 98,074 | +34.2% | 0.44% | +23.3% |
| ERA | Exit | ERA GROUP INC | $0 | – | -30,700 | – | -0.20% | – |
| DELL | Exit | DELL INC | $0 | – | -160,000 | – | -0.54% | – |
| S | Exit | SPRINT NEXTEL CORP | $0 | – | -3,473,650 | – | -6.14% | – |
Q2 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| HPQ | New | HEWLETT PACKARD CO | $60,175,000 | – | 2,426,416 | – | 15.15% | – |
| SPB | New | SPECTRUM BRANDS HLDGS INC | $39,829,000 | – | 700,351 | – | 10.03% | – |
| LUK | New | LEUCADIA NATL CORP | $30,547,000 | – | 1,165,026 | – | 7.69% | – |
| MSFT | New | MICROSOFT CORP | $29,977,000 | – | 867,760 | – | 7.55% | – |
| WAC | New | WALTER INVT MGMT CORP | $28,795,000 | – | 851,669 | – | 7.25% | – |
| S | New | SPRINT NEXTEL CORP | $24,385,000 | – | 3,473,650 | – | 6.14% | – |
| GOLD | New | BARRICK GOLD CORP | $24,051,000 | – | 1,528,020 | – | 6.06% | – |
| GOOGL | New | GOOGLE INCcl a | $20,050,000 | – | 22,775 | – | 5.05% | – |
| BRKB | New | BERKSHIRE HATHAWAY INC DELcl b new | $19,462,000 | – | 173,888 | – | 4.90% | – |
| SPLS | New | STAPLES INC | $18,922,000 | – | 1,192,330 | – | 4.76% | – |
| WTM | New | WHITE MTNS INS GROUP LTD | $15,821,000 | – | 27,518 | – | 3.98% | – |
| FHI | New | FEDERATED INVS INC PAcl b | $14,032,000 | – | 511,920 | – | 3.53% | – |
| Y | New | ALLEGHANY CORP DEL | $13,215,000 | – | 34,477 | – | 3.33% | – |
| SHLDQ | New | SEARS HLDGS CORP | $11,001,000 | – | 261,442 | – | 2.77% | – |
| WPX | New | WPX ENERGY INC | $10,396,000 | – | 548,874 | – | 2.62% | – |
| XCO | New | EXCO RESEOURCES GROUP | $9,562,000 | – | 1,251,542 | – | 2.41% | – |
| RSG | New | REPUBLIC SVCS INC | $7,083,000 | – | 208,690 | – | 1.78% | – |
| CKH | New | SEACOR HLDGS CORP | $6,008,000 | – | 72,338 | – | 1.51% | – |
| SYX | New | SYSTEMAX IN | $5,597,000 | – | 594,799 | – | 1.41% | – |
| EPV | New | ProShares UltraShort MSCI Euroultrashort europ | $2,271,000 | – | 95,000 | – | 0.57% | – |
| DELL | New | DELL INC | $2,132,000 | – | 160,000 | – | 0.54% | – |
| JGBD | New | Deutsche Bank AG 3X Inv Japaninv jap gov bd | $1,584,000 | – | 84,727 | – | 0.40% | – |
| JGBS | New | Deutsche Bank AG Inv Jap Govt3x inv jap gov | $1,428,000 | – | 73,074 | – | 0.36% | – |
| ERA | New | ERA GROUP INC | $803,000 | – | 30,700 | – | 0.20% | – |