13-Fs Are Out

Its 13-F season, when we get to look at what managers have been doing during the quarter. Insider Monkey does a great breakdown of many of the important 13-Fs.

Speaking of 13-Fs, I am happy happy to see that Janus is almost done selling down their Gilead position, which is my largest holding. They used to have 40 million shares and now own less than 10 million shares. They were happy to own it at a 30 multiple but spent the past two quarters selling it at a single digit multiple and at 40% lower prices.

1 comment:

Anonymous said...

Janus selling Gilead to buy JOE - that's brilliant.