rkbabang Posted January 1, 2013 Share Posted January 1, 2013 I had a roller coaster year. I was down almost 20% at one point and I finished up 9.4%. I should have invested in BAC earlier. I spent months making the decision while my portfolio was plumiting the whole time. In retrospect I should have moved most of it to cash while doing my research. Link to comment Share on other sites More sharing options...
alertmeipp Posted January 1, 2013 Share Posted January 1, 2013 not a good year at all because of couple leveraged picks Link to comment Share on other sites More sharing options...
Shane Posted January 1, 2013 Share Posted January 1, 2013 I'm up quite a bit this year, 20% of my portfolio was in BAC A warrants at $2.55. Link to comment Share on other sites More sharing options...
bennycx Posted January 1, 2013 Share Posted January 1, 2013 Lucky year! 50% of my portfolio in BAC and BAC warrants, the other 50% in Dell. Link to comment Share on other sites More sharing options...
Packer16 Posted January 1, 2013 Share Posted January 1, 2013 Up about 64% this year with a tailwind going into year-end. Some of it may be taken away next year. We will see. I made a mistake of purchasing Freddie Mac pfds before the nationalization announcement. The 10-yr returns are about 27% with mistakes which I find incredible. Packer Link to comment Share on other sites More sharing options...
writser Posted January 1, 2013 Share Posted January 1, 2013 Up about 64% this year with a tailwind going into year-end. Some of it may be taken away next year. We will see. I made a mistake of purchasing Freddie Mac pfds before the nationalization announcement. The 10-yr returns are about 27% with mistakes which I find incredible. Packer Very impressive. This year I am up 26%. Pretty happy with that. Especially given that I have quite a diversified portfolio because I'm not yet convinced about my own capabilities to beat the market. Hope to continue learning a lot next year, I really appreciate your insights on this forum. Link to comment Share on other sites More sharing options...
Shane Posted January 1, 2013 Share Posted January 1, 2013 Packer - Mind sharing your portfolio? I'm just curious Link to comment Share on other sites More sharing options...
LC Posted January 1, 2013 Share Posted January 1, 2013 Up about 17% for the year. INTCs drop caused the largest loss, BAC WS-A caused the largest gains. Hopefully next year I can learn from the wisdom of my fellow board members and not repeat the same mistakes I made, while compounding on the opportunities presented! Link to comment Share on other sites More sharing options...
Packer16 Posted January 1, 2013 Share Posted January 1, 2013 WOLF was a buy-out earlier this year also with selling LNET before the collapse and FRE after the collapse and 100% losses in EXC and NRG LEAPs. I have added some of these during the year. My current top 10 include: TVL, SALM, ATSG, AIQ, GTN, SD, BAC, BAC-WTA, FFH, GM-WTB and RNK.TO. Packer Link to comment Share on other sites More sharing options...
racemize Posted January 1, 2013 Share Posted January 1, 2013 Ended up with YTD IRR of 51.15%, based on an underlying gain of 40.9%. My IRR since starting (October 2010) is 40.89%. ~400k AUM right now. Link to comment Share on other sites More sharing options...
Hielko Posted January 1, 2013 Share Posted January 1, 2013 Up ~20% this year. Think I would describe my portfolio as something between quite diversified and concentrated. I don't have positions that make up 20%+ of my portfolio, but with around 20/30 positions every single position could impact returns in a meaningful way. The biggest contributor to my performance was SALM (+100%), think Packer16 recognizes the name ;) Link to comment Share on other sites More sharing options...
enoch01 Posted January 1, 2013 Share Posted January 1, 2013 +48% Biggest drag: DIMEQ - beware when payoffs depend entirely on court decisions, especially as a passive minority investor Biggest lift: BAC - nothing to add that hasn't been said already Link to comment Share on other sites More sharing options...
alwaysinvert Posted January 1, 2013 Share Posted January 1, 2013 +8%. First year of underperformance since starting up in 08. Made some blunders that I think I have learned from, but mostly I couldn't find all that many cheap stocks domestically, so that's why I have widened my search. It's a slower process finding good stocks abroad, though. I think this has been the year when I have made the furthest progress in thinking and process so it's not all bad. My CAGR since 08 is 17.6%. But considering how clueless I have been for most of that time you have to put the bulk of that overperformance down to luck. I'd be ecstatic if I could keep making those kinds of returns, obviously. Link to comment Share on other sites More sharing options...
Otsog Posted January 1, 2013 Share Posted January 1, 2013 Price went down, value went up ??? Link to comment Share on other sites More sharing options...
Myth465 Posted January 1, 2013 Share Posted January 1, 2013 Price went down, value went up ??? I tell myself that too as well. LOL Link to comment Share on other sites More sharing options...
onyx1 Posted January 2, 2013 Share Posted January 2, 2013 +37% before taxes, a monster year for me. Following a +2% year in 2011, I maintained 100% long throughout 2012 in eight positions plus a basket of uncorrelated special situations. Started year with no single position over 20% of portfolio. I am a full time investor. Some highlights (and lowlights): BAC and BAC A warrants (I added more three times during the year): +109%, +66%, +54%, +45% BBSI +93%: Bought this owner-operated California PEO in 2009. Owner died last year and the company bought back all his family's shares in one transaction equal to 30% of outstanding. This is now a 4-bagger vs. my average cost. RJET +65%: Good management and restructuring efforts have keep costs down and business competitive. Several catalysts in 2013. Expects to generate $1.20 cash in 2013 vs. a year end close of $5.68. WFC +27% BRK +17% WRB +13% Uncorrelated basket: +12% MSFT 0% PNCL -96%: a painful and humbling goose egg. My only good decision here was to avoid making this a big position. In future, I will stay away from businesses with one customer and be more sensitive to the potential for deceitful actors. Link to comment Share on other sites More sharing options...
constructive Posted January 2, 2013 Share Posted January 2, 2013 +33.7% Top 10 holdings: GNW (biggest winner), AAPL, INTC (biggest loser), BRK-B, SYA, TEVA, GLW, F, CYD, EMC. Currently 125% long, 33% short. Other contributors: VQ, PPP, C. My timing was above average, raised some cash going into Q2 and redeployed it going into Q3. Have been actively investing since 2007. 2012 felt like a breakthrough in my thinking about investments, especially portfolio structure. Link to comment Share on other sites More sharing options...
SharperDingaan Posted January 2, 2013 Share Posted January 2, 2013 +3%. Lower than normal as we took significant year over year losses on FBK, & pulled 1/2 our capital out following the buyout. We also put 75% of the remaining capital into cash from mid November onward. All told, a very good result. We reinvested in 3 exceptional buys mid month, & fully expect that 2013-2016 are more than likely to make up for this years result. Link to comment Share on other sites More sharing options...
finetrader Posted January 2, 2013 Share Posted January 2, 2013 ~45% Thanks to BAC, AIG, FBK Link to comment Share on other sites More sharing options...
Martian Posted January 2, 2013 Share Posted January 2, 2013 +30% with a concentrated portfolio and min 30% in cash all the time.. Thanks to everybody on this board.. Link to comment Share on other sites More sharing options...
Kuhndan Posted January 2, 2013 Share Posted January 2, 2013 Up 11.3 percent Link to comment Share on other sites More sharing options...
ERICOPOLY Posted January 2, 2013 Share Posted January 2, 2013 +200% in 2012 mostly leveraged BAC, some leveraged AIG. Link to comment Share on other sites More sharing options...
twacowfca Posted January 2, 2013 Share Posted January 2, 2013 +200% in 2012 mostly leveraged BAC, some leveraged AIG. Awesome! The result of hanging tough in a deep value situation. Congratulations. Link to comment Share on other sites More sharing options...
twacowfca Posted January 2, 2013 Share Posted January 2, 2013 +20% unleveraged; +25% with non recourse leverage. :) Entirely from Lancashire and Berkshire. :) Smaller positions and hedging barely broke even. Link to comment Share on other sites More sharing options...
locatevalue Posted January 2, 2013 Share Posted January 2, 2013 +74.23% in 2012 , very focused portfolio with BAC common warrants and couple of special situations in wireless stocks Link to comment Share on other sites More sharing options...
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