Tilson's fund had its quarterly call with investors today. During the meeting they disclosed their 10 largest long and short positions. Interesting that they are now holding AIG which I think is new for them.
Readers of this blog will know that I've been considering AIG for months and months (and even held for the month of October last year).
Our 10 largest long positions in descending order of size: Berkshire, Iridium, Howard Hughes, AIG, Goldman, Citigroup, JC Penney, Netflix, SanDisk, and Resource America. Other positions of note: we still own Dell and Microsoft; our newest position is Justice Holdings (Burger King); and we own Wells Fargo and JP Morgan Chase primarily via TARP warrants.
Our 10 largest short positions in descending order of size: InterOil, five homebuilders (the largest of which is Standard Pacific), three social networking companies (the largest of which is LinkedIn), Salesforce.com, Green Mountain Coffee Roasters, five for-profit education companies (the largest of which is ITT Education), St. Joe, Lululemon Athletica, Nokia, and Michael Kors.