Pershing Square: William Ackman Q2 2016

Logo, Pershing Square

The activity was very low in Pershing Square during Q2 2016.

For the previous report please visit Pershing Square: William Ackman Q4 2015.

Conclusion: I would not be chocked if William is spending a lot of his time and energy on trying to save Valeant and for that reason probably many other things are being cast aside which also makes sense because it concerns so much money and so much honour for Mr. Ackman.

Source: SEC

Greenlight Capital: David Einhorn Q2 2016

Logo, Greenlight Capital

Relaxation period was over for David. Full speed forward with plenty of actions going on!

For the previous report please visit Greenlight Capital: David Einhorn Q1 2016.

The new holdings are:

Amaya - Online gambling.

Amerco - North America's largest “do-it-yourself” moving and storage operator.

Amerisourcebergen - A distributor of pharmaceutical products.

Arris - A telecommunications equipment company.

Calpine - A power generation company. Mainly gas.

F M C - A service and equipment provider for power companies.

Hertz Global Holding - The car rental etc company.

Perrigo - A pharmaceutical manufacturing company.

Quorum Health - Operates hospitals etc.

Rite Aid - A drug store chain.

Vaneck Vectors ETF - Offer all kind of investments...

Holdings, Greenlight Capital, Q2, 2016

Conclusion: 11 new companies added to the portfolio and 10 were kicked out so David was up around 40% turnover of holdings and this only includes the "snap-shot" that we get from SEC. I always get a feeling of desperation when I see these kind of things but I am sure that is wrong.

Source: SEC

Aquamarine Capital: Guy Spier Q2 2016

Logo, Aquamarine Capital

After all the excitement last quarter it seems as if Guy fell into a coma of some sort. I hope that it will not last for too long.

For the previous report please click on Aquamarine Capital: Guy Spier Q1 2016.

Holdings, Aquamarine Capital, Q2, 2016

Conclusion: The quarter was very relaxed for Guy Spier but we should also not forget that here we only see what he holds in the US and not the companies and holdings that he has in, for instance, Europe.

Source: SEC

Berkshire Hathaway: Warren Buffett Q2 2016

Logo, Berkshire Hathaway

Warren keeps dancing around but decided not to start any new dances for the quarter. I must say that I was a little surprised with what I saw.

For the previous report please click on Berkshire Hathaway: Warren Buffett Q1 2016.

holdings, Berkshire Hathway

Conclusion: I am a bit annoyed that they are now selling Deere shares again and the biggest surprise for me was they they have decreased their holding in Walmart with almost 30%! I was not expecting that to ever happen since I thought that was another Coca-Cola for Berkshire Hathaway.

Source: SEC

Dalal Street: Mohnish Pabrai Q2 2016

Dalal street, Mohnish Pabrai, imaginary logo

Mr. Mohnish has done some changes in the portfolio during the last quarter... as always nothing too radical but still.

For the previous summary please visit Dalal Street: Mohnish Pabrai Q1 2016.

The new holding was:

Aercap Holdings - An aviation leasing company that David Einhorn has been invested in since Q2 2014.

holdings, Mohnish Pabrai

Conclusion: So I started up a new one and then he also kicked out WL Ross Holdings which is a position that he started back in Q3 2014 and he added into the position until as late as Q2 2015. I am not certain that Mohnish made a lot of money on that one...

Source: SEC

Dividend from Cez: August 2016

Cez, 2016, logo

The Czech electricity company that I currently have some issues with paid out a dividend in the size of 4,000 CZK for my 100 shares. This got converted into 145.76 €. From this I paid 35% taxes so 51.02 € which means that I received as cash on my broker account 94.74 €.

To find out more about Cez then please visit analysis of Cez 2016 and the Stock Dividend page which will soon be updated if you want to follow my dividend progress.

Dividend from Deere: August 2016

Deere, 2016, logo

For my 30 shares I received 18.00 USD that got converted into 16.08 €. From this I had to pay 2.41 € in taxes and I ended up with 13.67 € on my broker account as cash. The weaker euro gives me a better cash flow from my American investments.

To find out more about Deere then please visit analysis of Deere 2015 and the Stock Dividend page which will soon be updated if you want to follow my dividend progress.

Summary of July 2016

Summary, July, 2016

I must admit that I was not happy when I put together this summary. I thought that my companies had developed much better than what was the case once I had it down in black on white on paper. Yet again my German banks keep disappointing me which they have been doing now for four years already. I have kept pushing more and more money into them and they keep falling lower and lower. It starts to be very frustrating and I am very close to create the rule "no more money into German banks".

Oh, and this summary covers the last two months developments.

I have already written enough updates concerning the work in my new company so I shall say no more of that. In my old company we have still not managed to stabilise the situation but there is money coming in so I hope things will get sorted out.

My wife have still not managed to get a job but now she is gone for two weeks to do some volunteer job to try to get one foot in the door via this approach. I hope that it will work out as she wants. For me this means that I can push work even one step further to make sure that I build up the needed technical knowledge even faster.