Seeking Alpha

John Vincent

 
View as an RSS Feed
View John Vincent's Comments BY TICKER:
Latest  |  Highest rated
  • Tracking Seth Klarman's Baupost Group Holdings - Q1 2014 Update [View article]
    Hi irishmaninbelgium,

    I will look into adjusting the wording to be more accurate in future updates. As you noticed, "bullish" and "bearish" are too strong in some cases.

    All the best,
    John.
    May 19 12:07 PM | 1 Like Like |Link to Comment
  • Tracking Bruce Berkowitz's Fairholme Portfolio - Q1 2014 Update [View article]
    I just rechecked the Q1 2014 13F and I don't see any FNMA common shares listed. Only the preferred position is listed. So, not sure why you commented that the "position got reduced not eliminated".

    All the best,
    John.
    May 19 12:03 PM | Likes Like |Link to Comment
  • Tracking Warren Buffett's Berkshire Hathaway Portfolio - Q1 2014 Update [View article]
    The edit is live now.

    All the best,
    John.
    May 19 11:53 AM | Likes Like |Link to Comment
  • Tracking Warren Buffett's Berkshire Hathaway Portfolio - Q1 2014 Update [View article]
    Hi petethebeet,

    Thank for your feedback and the kind words. I will look into adjusting the wording to be more accurate in future updates. As you noticed, "bullish" and "bearish" are too strong in some cases.

    All the best,
    John.
    May 19 11:46 AM | Likes Like |Link to Comment
  • Tracking Warren Buffett's Berkshire Hathaway Portfolio - Q1 2014 Update [View article]
    Hi Briar,

    Thank you for your comment. Actually, the title is mine. I reference both the fund name and the main guy in the tracking article titles and that probably helps with finding them in search engines. The downside however is that the title is not accurate in an absolute sense - in this case, Warren Buffet is not the one making buy/sell decisions on some of the holdings but the title gives the impression that it is.

    All the best,
    JOhn.
    May 19 11:42 AM | Likes Like |Link to Comment
  • Tracking David Einhorn's Portfolio - Q1 2014 Update [View article]
    Hi voiper613,

    The discrepancy is probably because GLRE float is only a subset of what Greenlight manages. Some of their client accounts are separately managed and so returns differ.

    All the best,
    John.
    May 19 10:03 AM | 1 Like Like |Link to Comment
  • Tracking Warren Buffett's Berkshire Hathaway Portfolio - Q1 2014 Update [View article]
    Hi Zvi,

    Thank you for pointing this out. I have submitted an edit.

    All the best,
    John.
    May 19 09:18 AM | Likes Like |Link to Comment
  • Tracking Warren Buffett's Berkshire Hathaway Portfolio - Q1 2014 Update [View article]
    BAC warrant is not a 13F security and so is not listed in the report. AR 2013 has the info: 700M Warrants that expire in 2021 with a strike price of $7.14. Basically, Berkshire can choose to own 700M BAC common shares anytime from now through 2021 at $7.14.

    All the best,
    John.
    May 19 07:44 AM | 1 Like Like |Link to Comment
  • Tracking Warren Buffett's Berkshire Hathaway Portfolio - Q1 2014 Update [View article]
    Berkshire owns the London listed shares of Tesco and so it is not in the 13F report. AR 2013 shows Tesco stake was reduced by 25% in 2013. It is still a sizable position at $1.7B.

    All the best,
    John.
    May 19 07:33 AM | 3 Likes Like |Link to Comment
  • Tracking Donald Yacktman's Yacktman Asset Management Portfolio - Q1 2014 Update [View article]
    Thank you for your comments.

    John.
    May 12 08:31 PM | Likes Like |Link to Comment
  • Tracking Ken Fisher's Fisher Asset Management Portfolio - Q1 2014 Update [View article]
    The 13F list should not be viewed as a single portfolio as he manages money from over 23,000 private clients (high-net-worth individuals - $500k up) & over 100 institutional accounts. Further, each such client portfolio is personalized to client requirements. So, returns while important are not a good measure of how successful the individual portfolios are. The fee structure is more like a mutual fund (1 to 1.5% of assets) as opposed to the 2 and 20 hedge fund structure - see http://bit.ly/1hAFNKX . One could argue that structure promotes mediocrity as there is no incentive for creating alpha, but personalized portfolios essentially force this.

    When attempting to follow Fisher, the good news is that he discloses the quarterly trades within the first 30-days of the quarter-end, compared to the 45-day regulatory requirement. Even so, cloning his trades blindly is not a good option, given the parameters above. Comparing his historical trades can reveal good information that can be useful for one's own research. For example, comparing the last two 13Fs, it is obvious that Fisher is finding value in the large-cap European equity space. So, one might look for such equities in one’s own watch lists and consider doing further research to make an allocation decision.

    All the best,
    John.
    Apr 27 05:30 AM | 1 Like Like |Link to Comment
  • Tracking Ken Fisher's Fisher Asset Management Portfolio - Q1 2014 Update [View article]
    13F Totals (not quite the same as AUM) for the last seven years are as follows: 2007 - $38B, 2008 - $23.5B, 2009 - $31.5B, 2010 - $36.2B, 2011 - $33.5B, 2012 - $36B, 2013 - $44.1B. So, the pattern appears rather predictable - heavy draw-downs (losses & redemptions) in 2008 and a recovery in the following years.

    All the best,
    John.
    Apr 26 11:56 AM | Likes Like |Link to Comment
  • Tracking Ken Fisher's Fisher Asset Management Portfolio - Q1 2014 Update [View article]
    Thank you for your comments.

    Many hedge fund managers are great marketers and that list includes Ken Fisher. But, EMT doesn't follow from there. In fact, all the great investors generates alpha over the long-term and that is what separates them.

    Ken's Forbes picks are his most visible performance cues and those have outperformed the S&P 500 in the vast majority of years.

    All the best,
    John.
    Apr 25 09:22 PM | Likes Like |Link to Comment
  • Tracking Carl Icahn's Portfolio - Q4 2013 Update [View article]
    Thank you for reading.

    The eBay stake was not in the Q4 2013 13F report on which this article was based. That position became public information when eBay disclosed the details in its 4th quarter press release filed on 1/22/2014 - it is a 0.82% stake in common shares & options. Follow the link for details: http://bit.ly/Ol05Ny .

    All the best,
    John.
    Feb 21 09:18 PM | Likes Like |Link to Comment
  • Tracking Carl Icahn's Portfolio - Q4 2013 Update [View article]
    The following report filed on 12/9/2013 says indicative NAV as of 11/30/2013 was $8,668M: http://1.usa.gov/MJYG26 . At ~114M units outstanding, that translates to ~$76 per unit. The premium to that NAV is around 45%.

    All the best,
    John.
    Feb 21 09:08 PM | Likes Like |Link to Comment
COMMENTS STATS
265 Comments
87 Likes