Tracking Charles Akre's Akre Capital Management Portfolio - Q1 2013 Update

Below is a spreadsheet that highlights the changes to Charles Akre's Akre Capital Management US long stock portfolio as of Q1 2013. Please check out our previous update to have an idea on how the portfolio is progressing:



 The portfolio vaulted almost 30% this quarter from around $1.4B to over $1.8B. There were a large number of minor stake adjustments and a small number of significant moves. They include a 60% increase in the holdings in Directv (DTV) to a 4.94% position and more than doubling of the stake in Apple (AAPL). Chuck Akre also established a significantly large 3.06% new stake in NuStar Energy (NS). The largest position continues to be Mastercard (MA) at over 10% despite a minor stake reduction this quarter. Colfax (CFX) which saw a major stake increase last quarter was increased again this quarter by one-third. The position now accounts for 4.11% of the portfolio. The very large over 5% positions in American Tower (AMT), Dollar Tree (DLTR), Markel (MKL), Moody's (MCO), and Ross Stores (ROST) only saw minor adjustments this quarter.


Tracking David Tepper's Appaloosa Management Portfolio - Q1 2013 Update

Below is a spreadsheet that highlights the changes to David Tepper's Appaloosa Management's US long stock portfolio as of Q1 2013. For a look at how his portfolio has progressed, see our previous update:


 Tepper increased Apple (AAPL) stake last quarter to his largest position at over 10%. This quarter saw an about-turn as the stake was reduced by almost 50% to a still large 5.07%. With that move, the Citigroup (C) stake has become his largest position although that stake was trimmed this quarter. Other significant moves this quarter include:

a) Reduction of AIG stake by roughly one-third to a 3.56% position,
b) A new 1.46% stake in Comcast Corp. (CMCSA), and
c) Stake elimination of over 1% positions in Oracle (ORCL), Powershares QQQ (QQQ), and Noble Corporation (NE).

Most of the other positions also saw minor adjustments in the quarter. Overall the portfolio increased marginally from $4.6B to $4.7B.

 

Tracking Francis Chou's Chou Associates Portfolio - Q1 2013 Update

Below is a spreadsheet that highlights the changes to Francis Chou's Chou Associates US long stock portfolio as of Q1 2013. For a look at how his portfolio has progressed, see our previous update:


The portfolio remained steady this quarter. There were only four changes to the portfolio and they were all stake reductions: Goldman Sachs (GS) and Sprint Nextel (S) stakes were reduced substantially to 4.45% and 2.65% of the US long portfolio respectively while the very small 0.73% position in Blackberry (BBRY) and the huge 11.74% position in Resolute Forest Products (RFP) saw minor stake reductions.




Tracking David Winters' Wintergreen Advisors Portfolio - Q1 2013 Update

Below is a spreadsheet that highlights the changes to David Winters' Wintergreen Advisors US long stock portfolio as of Q1 2013. For a look at how his portfolio has progressed, see our previous update:


Wintergreen's portfolio vaulted around 19% this quarter from $759M to $906M. There were several minor stake increases: Canadian Natural Resources (CNQ), Coca Cola (KO), and Franklin Resources (BEN) were all upped incrementally and they now account for 10.73%, 9.04%, and 12.91% of this heavily concentrated portfolio. The only new position is a very small 0.63% stake in Boeing (BA). The other major activity was adjustments to allocations to tobacco companies which together account for close to 29% of the portfolio: Altria Group (MO) was reduced by around one-fourth while Philip Morris (PM) and Reynolds American (RAI) were incremented by close to 26% and 40% respectively. MO, PM, and RAI now account for 7.92%, 11.85%, and 10.04% of the portfolio respectively.




Tracking Lou Simpson's SQ Advisors Portfolio - Q1 2013 Update

Below is a spreadsheet that highlights the changes to Lou Simpson's SQ Advisors US long stock portfolio as of Q1 2013. Please check-out our previous update to see how his portfolio has progressed:



 Most of the portfolio was incrementally adjusted this quarter. Large changes include Directv (DTV), Oracle (ORCL), and Moodys Corp (MCO) which were hiked to 10.23%, 10.24%, and 6.80% respectively. Berkshire Hathaway (BRK.A) (BRK.B) is the biggest bet at 10.61%. The fund also disposed of a small position in Dell (DELL) and significantly reduced a 4.41% position in Lowes (LOW).


Tracking John Paulson's Paulson and Co. Holdings - Q1 2013 Update

Below is a spreadsheet that shows the changes to Paulson's 13F US long portfolio as of Q1 2013. For a look at how his portfolio has progressed, see our previous update:



 Paulson's portfolio went up around 9% this quarter from around $16.27B to around $17.73B. Notable new positions include 1.67% stake in Family Dollar Stores (FDO), 1.09% stake in Hess Corporation (HES), 0.51% stake in Genworth Financial (GNW), 0.80% stake in Interoil (IOC), and a 0.70% stake in Radian (RDN). Stakes in Sprint Nextel (S), Cablevision (CVC), and Aetna (AET) were increased significantly as well. Sizable stake reductions included Hartford Financial (HIG), Mylan (MYL), and Ryman Hospitality (GET).


Tracking Ian Cumming and Joseph Steinberg's Leucadia National Portfolio - Q1 2013 Update

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.


Tracking Carl Icahn's Holdings - Q1 2013 Update

Below is a spreadsheet that shows Carl Icahn's US long portfolio holdings as of Q1 2013. To know more on how his holdings have progress, check-out our previous update:



 Carl Icahn added four new positions and increased his stake in Transocean substantially this quarter: Herbalife (HLF), a significantly large 3.61% long position and small (less than 1% each) positions in CVR Refining (CVRR), Dell Inc (DELL), and Nuance Communications (NUAN). Herbalife (HLF) is a "battleground" stock among hedge funds with Bill Ackman on the short-side and Carl Icahn and Dan Leob on the long side.Transocean (RIG), a 2% position established last quarter was upped by three times to a large 6.18% position this quarter.




Tracking Glenn Greenberg's Brave Warrior Advisors Portfolio - Q1 2013 Update

Below is a spreadsheet that highlights the changes to in Glenn Greenberg's Brave Warrior Advisors US long stock portfolio as of Q1 2013. To see how his portfolio has progressed, check our previous update:



Several minor adjustments were made to the portfolio and the portfolio value increased by around 12% this quarter. The significant activity is summarized below:

a) The 4.80% stake in Adobe Systems (ADBE) and the 7.52% stake in Motorola Solutions (MSI) were both eliminated, 
b) Express Scripts (ESRX), a new stake established last quarter was more than double, and
c) The large 11.83% position in Google (GOOG) was substantially reduced to a still significantly large 5.33% stake.

 

Tracking Wilbur Ross's Holdings - Q1 2013 Update

Below is a spreadsheet that shows changes to Wilbur Ross's US long portfolio as of Q1 2013. To see how his portfolio has progressed, click on our previous update:



Below is a summary of Wilbur Ross's activity this quarter:

a) Air Lease Corporation (AL), an 8.54% stake established in 2011 when the company IPOed with his backing was disposed of this quarter. The disposal indicates a clear bullish bias.
b) The huge 21.12% BankUnited (BKU) stake established in 2011 through an LBO/recapitalization/IPO was reduced by 40% this quarter. The stake reduction indicates a mild bearish bias.





 

Tracking Stanley Druckenmiller's Duquesne Family Office Portfolio - Q1 2013 Update

Below is a spreadsheet that highlights the changes to Stanley Druckenmiller's Duquesne Family Office US long stock portfolio as of Q4 2012. For a look at how his portfolio has progressed, see our previous update:



  The portfolio increased around 12% during the quarter from $1.29B to $1.45B. Druckenmiller continues to play the uptrend in airlines with a large stake increase in Delta Airlines (DAL) to a 4.41% position. He has however scaled back on his more positions in utility, pharmaceutical, and finance sectors - significantly large positions in American International Group (AIG), Banco Bardesco (BBD), ICICI Bank (IBN), Itau Unibanco (ITUB), Merck (MRK), Ocwen Financial (OCN), PG&E Group (PCG), Southern Company (SO), and Suntrust Banks (STB) were all eliminated this quarter. The most significant new stake this quarter is a huge 19.55% position in SPDR Gold (GLD) CALLS. Druckenmiller seems to be anticipating an uptrend in world gold prices.


Tracking Prem Watsa's Fairfax Financial Holdings Portfolio - Q1 2013 Update

Below is a spreadsheet that shows changes to Prem Watsa's 13F US long holdings as of Q4 2012. To have a look at how the portfolio has progressed, see our previous update:



 The portfolio size increased marginally this quarter from $2.51B to $2.68B. No significantly large new positions were added in the quarter but a 2.74% position in Frontier Communications (FRO) was eliminated in the quarter. The main activity in the quarter include a 25% reduction in the 2% Wells Fargo (WFC) stake, marginal increases in the Exco Resources (XCO) and Novadeq (NVDQ) stakes, and a marginal decrease in the stake in US Bancorp (USB). The rest of the portfolio was left largely untouched.


Tracking David Swensen's Yale Endowment Holdings - Q1 2013 Update

Below is a spreadsheet that shows the changes to Yale Endowment's US long portfolio holdings as of Q1 2013. To have an idea of how the endowment's holdings have progressed click on our previous update:



Note: Yale's 13F holdings are very small (less than 1%) compared to the endowment's overall portfolio value.

 

Tracking Mohnish Pabrai's Portfolio - Q1 2013 Update

Below is a spreadsheet that highlights Mohnish Pabrai's moves this quarter. Please check-out our SeekingAlpha column for an analysis of the moves:


Robert Karr's Joho Capital Portfolio - Q1 2013 Update

Below is a spreadsheet that highlights the changes to Robert Karr's Joho Capital US long stock portfolio as of Q1 2013. Please check out our previous update to have an idea on how the portfolio is progressing:




 Karr's portfolio increased by around 20% this quarter from around $755M to just over $900M. Karr made several adjustments to the portfolio this quarter:

a) A large 13.68% position in Baidu Inc. (BIDU) was established at prices between $84 and $113. The stock currently trades at around $93.
b) A large 9.44% position in Micron Technology (MU) was established at prices between $6.34 and $10. the stock currently trades outside the range at $10.66.
c) Google (GOOG) and Hexcel (HXL) positions were marginally increased, while the Yelp (YELP) position was almost doubled at prices between $18.85 and $25.13. The stock currently trades outside the range at $31.
d)  The Sina Group (SINA) position was reduced by one-third to a 4.35% position at prices between $47 and $58. The stock currently trades at around $59.

The portfolio has an outsized 25.31% position in Google (GOOG).

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