The spreadsheet below show Cumming's US stock
holdings as of Q1 2013. Please visit our previous updates to get an idea on how the portfolio has progressed:
Leucadia's investment portfolio shrunk substantially this quarter as the huge position in Jefferies Group (JEF) was eliminated as a result of the merger agreement between Leucadia (LUK) and Jefferies (JEF) - JEF shareholders received 0.81 shares of LUK for each share of JEF held. The 13F portfolio now has just two positions totalling $37M, a pittance compared to Leucadia's overall investment portfolio. As such, the activity in these positions may not indicate a clear bias.
Leucadia's investment portfolio shrunk substantially this quarter as the huge position in Jefferies Group (JEF) was eliminated as a result of the merger agreement between Leucadia (LUK) and Jefferies (JEF) - JEF shareholders received 0.81 shares of LUK for each share of JEF held. The 13F portfolio now has just two positions totalling $37M, a pittance compared to Leucadia's overall investment portfolio. As such, the activity in these positions may not indicate a clear bias.
No comments :
Post a Comment