First Eagle

Q4 2015 13F · by Kimball Brooker, portfolio manager

As of: Dec 31, 2015
Filed: Feb 12, 2016
US stock: $40.0B · prev $39.7B
Positions: 328 · prev 321
Options notional: $8M
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves228 since the prior filing

+12.7 pp in · −12.8 pp out

New 23 +2.94 pp
Added 73 +9.79 pp
Trimmed 108 −6.27 pp
Exited 16 −6.56 pp

Options: 8 moves on a notional base, in the table below.

The book

Diversified · behaves like 72 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 52% a year, about 1.9 years per position

Low
Moderate
High

Top 5 positions16% of US stock

Positions328 in this filing · 16 exited


MSFTMicrosoft Corp	4.17%	30,026,046	$1.7B	trimmed−11%	+0.39 pp	11 q
ORCLOracle Corp	3.60%	39,400,073	$1.4B	added+3%	+0.13 pp	11 q
CMCSAComcast Corp	3.39%	24,048,162	$1.4B	added×1202.4	+3.39 pp	11 q
BNYBank of New York Mellon Corporation	2.41%	23,364,850	$963M	trimmed−1%	+0.08 pp	11 q
INTCIntel Corp	2.39%	27,782,378	$957M	trimmed−3%	+0.21 pp	11 q
OMCOmnicom Group Inc.	2.38%	12,605,718	$954M	trimmed−1%	+0.27 pp	11 q
MMM3M Company	2.36%	6,252,458	$942M	trimmed−4%	+0.03 pp	11 q
TVGrupo Televisa S.A.	2.29%	33,722,914	$918M	trimmed−0%	+0.07 pp	11 q
AXPAmerican Express Company	2.21%	12,717,303	$884M	trimmed−0%	−0.18 pp	11 q
NOCNorthrop Grumman Corp.	1.87%	3,950,842	$746M	trimmed−27%	−0.39 pp	11 q
CTASCintas Corp	1.82%	7,988,505	$727M	trimmed−3%	+0.04 pp	11 q
NOVNOV Inc.	1.74%	20,768,045	$696M	trimmed−2%	−0.27 pp	11 q
BRK.ABerkshire Hathaway Inc.	1.64%	3,307	$654M	trimmed−4%	−0.06 pp	11 q
unresolvedLinear Technology Group	1.46%	13,748,044	$584M	trimmed−1%	+0.05 pp	11 q
unresolvedPlum Creek Timber Co Inc	1.42%	11,914,241	$569M	trimmed−1%	+0.22 pp	11 q
BBTTruist Financial Corporation	1.35%	14,240,753	$538M	trimmed−1%	+0.06 pp	11 q
XLNXXilinx Inc	1.31%	11,117,990	$522M	added+3%	+0.16 pp	6 q
CINFCincinnati Financial Corp	1.26%	8,528,358	$505M	trimmed−11%	−0.04 pp	11 q
POTPotash Corp Of Saskatchewan	1.24%	29,074,788	$498M	added+7%	−0.17 pp	11 q
LBTYKLiberty Global Ltd. Class C	1.24%	12,166,040	$496M	trimmed−0%	−0.02 pp	11 q
USBU.S. Bancorp	1.20%	11,290,132	$482M	trimmed−1%	+0.02 pp	11 q
GLDSPDR Gold Trust, SPDR Gold Shares	1.18%	4,670,787	$474M	trimmed−1%	−0.09 pp	11 q
18614USDGoldcorp Inc	1.14%	39,475,257	$456M	trimmed−7%	−0.20 pp	11 q
WYWeyerhaeuser Company	1.14%	15,254,295	$457M	trimmed−0%	+0.08 pp	11 q
unresolvedWillis Group Holdings Public	1.14%	9,397,764	$456M	trimmed−1%	+0.16 pp	11 q
TDCTeradata Corporation	1.13%	17,149,513	$453M	added0%	−0.12 pp	9 q
AEMAgnico Eagle Mines Ltd.	1.07%	16,218,313	$426M	trimmed−2%	+0.01 pp	11 q
GOOGLAlphabet Inc. Class A	1.03%	527,854	$411M	new	+1.03 pp	new
AIGAmerican International Group, Inc.	1.03%	6,624,382	$411M	trimmed−1%	+0.07 pp	6 q
FLSFlowserve Corporation	1.02%	9,736,549	$410M	added+14%	+0.14 pp	4 q
LMTLockheed Martin Corp.	0.99%	1,816,802	$395M	trimmed−24%	−0.26 pp	11 q
UNPUnion Pacific Corp.	0.99%	5,067,532	$396M	added×3.3	+0.65 pp	2 q
DEDeere & Company	0.97%	5,087,749	$388M	added+4%	+0.06 pp	6 q
CNQCanadian Natural Resources Limited	0.92%	16,939,592	$370M	trimmed−28%	−0.24 pp	11 q
SMGThe Scotts Miracle-Gro Company	0.92%	5,714,394	$369M	trimmed−1%	+0.04 pp	11 q
WRBW.R. Berkley Corporation	0.90%	6,598,397	$361M	trimmed−1%	−0.02 pp	11 q
unresolvedFmc Technologies Inc	0.88%	12,117,632	$352M	trimmed−13%	−0.21 pp	3 q
COPConocoPhillips	0.87%	7,484,424	$349M	trimmed−1%	−0.04 pp	11 q
MCDMcDonald's Corporation	0.85%	2,886,125	$341M	trimmed−50%	−0.59 pp	7 q
FNVFranco-Nevada Corporation	0.81%	7,041,600	$322M	trimmed−2%	+0.01 pp	11 q
CVECenovus Energy Inc.	0.80%	25,338,254	$320M	trimmed−21%	−0.43 pp	11 q
SYFSynchrony Financial	0.80%	10,546,837	$321M	added×103.8	+0.79 pp	2 q
CLColgate-Palmolive Company	0.78%	4,702,868	$313M	trimmed−1%	+0.02 pp	11 q
JNJJohnson & Johnson	0.78%	3,032,177	$311M	added+91%	+0.41 pp	11 q
VSTOVista Outdoor Inc.	0.78%	7,045,012	$314M	trimmed−2%	−0.03 pp	4 q
DVNDevon Energy Corporation	0.77%	9,582,408	$307M	trimmed−1%	−0.13 pp	11 q
GWWW.W. Grainger, Inc.	0.76%	1,495,971	$303M	added+55%	+0.24 pp	4 q
ABTAbbott Laboratories	0.75%	6,671,344	$300M	trimmed−2%	+0.06 pp	7 q
unresolvedOrbital Atk Inc	0.75%	3,360,061	$300M	trimmed−1%	+0.13 pp	4 q
ABXBarrick Mining Corporation	0.72%	39,099,828	$289M	added+40%	+0.27 pp	11 q
DHRDanaher Corporation	0.72%	3,091,159	$287M	added+9%	+0.11 pp	3 q
TEVATeva Pharmaceutical Industries Limited	0.72%	4,371,619	$287M	trimmed−2%	+0.08 pp	11 q
TAPMolson Coors Beverage Company Class B	0.71%	3,035,112	$285M	added+61%	+0.32 pp	2 q
IDAIDACORP, Inc.	0.69%	4,048,445	$275M	trimmed−8%	−0.02 pp	11 q
YAlleghany Corporation	0.66%	556,350	$266M	trimmed−2%	−0.01 pp	11 q
VVISA Inc.	0.66%	3,427,581	$266M	trimmed−17%	−0.07 pp	11 q
PEPPepsiCo, Inc.	0.63%	2,531,856	$253M	added×2.2	+0.36 pp	3 q
PSXPhillips 66	0.61%	3,003,243	$246M	trimmed−0%	+0.03 pp	6 q
MLMMartin Marietta Materials	0.60%	1,748,435	$239M	trimmed−27%	−0.32 pp	11 q
UGIUGI Corporation	0.59%	6,960,537	$235M	added×2.1	+0.29 pp	2 q
unresolvedCoca Cola Enterprises Inc Ne	0.57%	4,636,917	$228M	added+17%	+0.08 pp	10 q
BROBrown & Brown, Inc.	0.55%	6,796,864	$218M	trimmed−1%	+0.01 pp	7 q
MDLZMondelez International, Inc. Class A	0.55%	4,906,523	$220M	added+40%	+0.18 pp	11 q
BDXBecton, Dickinson and Co.	0.53%	1,373,241	$212M	added0%	+0.07 pp	7 q
LBTYALiberty Global Ltd. Class A	0.53%	4,989,173	$211M	added×4.6	+0.41 pp	11 q
ELVElevance Health, Inc.	0.52%	1,503,156	$210M	trimmed−7%	−0.05 pp	5 q
ACTAllergan PLC	0.52%	669,995	$209M	trimmed−60%	−0.63 pp	3 q
VMCVulcan Materials Company(Holding Company)	0.51%	2,132,350	$203M	trimmed−25%	−0.13 pp	11 q
MAMastercard Incorporated	0.49%	2,031,846	$198M	trimmed−29%	−0.16 pp	11 q
HRBH&R Block, Inc.	0.48%	5,708,865	$190M	trimmed−1%	−0.05 pp	11 q
unresolvedCharter Comm's Inc	0.48%	1,055,905	$193M	added+63%	+0.19 pp	2 q
TXNTexas Instruments Incorporated	0.48%	3,484,472	$191M	trimmed−1%	+0.04 pp	2 q
SEESealed Air Corp New	0.45%	4,049,285	$181M	held	—	11 q
GOOGAlphabet Inc. Class C	0.43%	228,826	$174M	trimmed−33%	−0.10 pp	7 q
TKRThe Timken Company	0.43%	6,020,841	$172M	trimmed−0%	+0.01 pp	4 q
unresolvedValeant Pharmaceuticals Intl	0.42%	1,640,132	$167M	added+55%	−0.05 pp	11 q
ADPAutomatic Data Processing	0.41%	1,947,630	$165M	trimmed−23%	−0.11 pp	11 q
LOWLowe's Companies Inc.	0.41%	2,170,440	$165M	held	—	11 q
PXGBXPraxair Inc	0.41%	1,583,292	$162M	trimmed−1%	0.00 pp	11 q
PBIPitney Bowes Inc.	0.40%	7,734,205	$160M	held	—	11 q
TSNTyson Foods, Inc.	0.40%	3,001,695	$160M	added+20%	+0.13 pp	3 q
WMTWalmart Inc.	0.40%	2,587,621	$159M	trimmed−1%	−0.03 pp	11 q
WYNTravel + Leisure Co.	0.40%	2,210,275	$161M	added+7%	+0.03 pp	11 q
AMGNAmgen Inc	0.39%	957,656	$155M	added+74%	+0.20 pp	6 q
EMNEastman Chemical Company	0.39%	2,314,990	$156M	added+7%	+0.04 pp	11 q
RGLDRoyal Gold Inc	0.39%	4,246,460	$155M	added+1%	−0.11 pp	11 q
LYBLyondellBasell Industries N.V. Class A	0.39%	1,784,845	$155M	trimmed−51%	−0.37 pp	11 q
DALDelta Air Lines, Inc.	0.38%	3,026,440	$153M	trimmed−20%	−0.05 pp	7 q
GRAW.R. Grace & Co.	0.38%	1,509,725	$150M	held	—	11 q
MDTMedtronic plc	0.37%	1,940,036	$149M	added×109.4	+0.37 pp	4 q
unresolvedBaxalta Inc	0.36%	3,704,824	$145M	added+77%	+0.19 pp	2 q
HPEHewlett Packard Enterprise Company	0.36%	9,535,795	$145M	new	+0.36 pp	new
RTNRaytheon Company	0.35%	1,130,078	$141M	trimmed−30%	−0.09 pp	10 q
MSGSMadison Square Garden Sports Corp.	0.34%	839,819	$136M	new	+0.34 pp	new
DNOWDNOW Inc.	0.33%	8,360,752	$132M	trimmed−1%	+0.01 pp	7 q
CMICummins Inc.	0.32%	1,433,533	$126M	new	+0.32 pp	new
SUSuncor Energy, Inc.	0.32%	4,983,900	$129M	added×4.7	+0.25 pp	4 q
unresolvedIsrael Chemicals Ltd	0.30%	29,399,265	$119M	trimmed−0%	−0.08 pp	6 q
ADIAnalog Devices, Inc.	0.29%	2,089,256	$116M	trimmed−27%	−0.12 pp	4 q
GPKGraphic Packaging Holding Company	0.29%	9,187,804	$118M	added+5%	+0.01 pp	6 q
unresolvedSanDisk Corp	0.28%	1,472,973	$112M	trimmed−5%	+0.07 pp	10 q
CCUCompania Cervecerias Unidas S.A.	0.27%	4,959,446	$107M	trimmed−1%	−0.01 pp	7 q
VARVarian Medical Systems, Inc.	0.26%	1,305,609	$105M	added×8.5	+0.23 pp	2 q
STXNSeagate Technology Holdings PLC (Ireland)	0.24%	2,588,550	$95M	held	—	11 q
LXKLexmark International Inc-a	0.23%	2,832,217	$92M	added+5%	+0.03 pp	8 q
unresolvedRandgold Res Ltd	0.22%	1,430,280	$89M	added+81%	+0.10 pp	11 q
BBYD20230930-DK-BUTTERFLY-1 Inc	0.21%	1,743,623	$84M	trimmed−1%	−0.04 pp	6 q
unresolvedJpmorgan Chase & Co	0.21%	3,590,271	$85M	trimmed−13%	0.00 pp	11 q
MDRXVeradigm Inc	0.20%	5,165,618	$79M	added+6%	+0.05 pp	3 q
HALOHalozyme Therapeutics, Inc.	0.19%	4,305,900	$75M	added+6%	+0.05 pp	9 q
VCVisteon Corporation	0.19%	655,980	$75M	added+3%	+0.03 pp	7 q
GLWCorning Incorporated	0.18%	3,850,316	$70M	added×96257.9	+0.18 pp	11 q
MASMasco Corporation	0.18%	2,549,850	$72M	trimmed−36%	−0.07 pp	6 q
unresolvedCuris	0.17%	24,008,672	$70M	held	—	11 q
APDAir Products & Chemicals, Inc.	0.16%	491,505	$64M	added+9%	+0.02 pp	4 q
CVLTCommvault Systems, Inc.	0.16%	1,582,098	$62M	trimmed−1%	+0.02 pp	7 q
NLNKNewLink Genetics Corporation	0.16%	1,793,200	$65M	trimmed−4%	−0.01 pp	11 q
unresolvedWhole Foods Market	0.16%	1,909,918	$64M	new	+0.16 pp	new
BIIBBiogen Inc.	0.15%	193,885	$59M	new	+0.15 pp	new
MSGNMSG Networks Inc.	0.15%	2,966,740	$62M	added+83%	−0.14 pp	2 q
unresolvedValspar Corp	0.15%	711,630	$59M	held	—	11 q
IMOImperial Oil Limited	0.13%	1,647,187	$54M	added×4.2	+0.10 pp	2 q
QCOMQualcomm Inc	0.13%	1,023,522	$51M	new	+0.13 pp	new
AZOAutoZone, Inc.	0.12%	64,950	$48M	trimmed−48%	−0.11 pp	9 q
CSXCSX Corporation	0.12%	1,867,259	$48M	new	+0.12 pp	new
unresolvedDeltic Timber Corp	0.11%	720,553	$42M	trimmed−9%	−0.01 pp	11 q
HDHome Depot, Inc.	0.11%	337,498	$45M	trimmed−80%	−0.39 pp	7 q
unresolvedRite Aid Corp	0.11%	5,627,170	$44M	added+12%	+0.03 pp	3 q
PKGPackaging Corp of America	0.10%	647,500	$41M	new	+0.10 pp	new
unresolvedTahoe Res Inc	0.10%	4,642,336	$40M	trimmed−0%	+0.01 pp	11 q
XONPrecigen, Inc.	0.09%	1,187,389	$36M	added+18%	+0.01 pp	7 q
unresolvedAlliancebernstein Income Fun	0.08%	4,396,972	$34M	added+2%	−0.01 pp	9 q
BAXBaxter International Inc.	0.08%	808,879	$31M	trimmed−23%	−0.01 pp	11 q
CMTLComtech Telecommunications	0.08%	1,628,717	$33M	held	—	9 q
DRRXDurect Corp	0.08%	14,081,446	$31M	held	—	11 q
unresolvedItc Hldgs Corp	0.08%	793,339	$31M	new	+0.08 pp	new
unresolvedIntevac Inc	0.06%	4,825,881	$23M	added+8%	+0.01 pp	11 q
NGDNew Gold Inc.	0.06%	10,577,131	$25M	added+26%	+0.01 pp	11 q
NEMNewmont Corporation	0.06%	1,438,306	$26M	trimmed−13%	−0.01 pp	11 q
SJTSan Juan Basin Royalty Trust UBI	0.06%	5,444,968	$23M	trimmed−2%	−0.07 pp	11 q
unresolvedAep Inds Inc	0.05%	281,314	$22M	held	—	11 q
ARQLArqule Inc	0.05%	8,719,968	$19M	held	—	11 q
unresolvedEldorado Gold (C$)	0.05%	6,443,257	$19M	held	—	11 q
MSTRStrategy Inc Class A	0.05%	115,300	$21M	new	+0.05 pp	new
SPYState Street SPDR S&P 500 ETF Trust	0.05%	92,670	$19M	new	+0.05 pp	new
1LGEUSDLiberty Global PLC Lilac - C	0.05%	455,951	$20M	trimmed−0%	+0.01 pp	2 q
XAWFXAlliancebernstein Gl Hi Inc	0.04%	1,455,764	$16M	added+3%	0.00 pp	7 q
AUAngloGold Ashanti plc	0.04%	2,019,555	$14M	trimmed−91%	−0.42 pp	11 q
ARDMAradigm Corp	0.04%	3,854,730	$15M	held	—	7 q
unresolvedCui Global Inc	0.04%	2,281,242	$16M	held	—	8 q
DCPDCP Midstream, LP	0.04%	720,780	$18M	new	+0.04 pp	new
KOPNKopin Corp	0.04%	5,963,549	$16M	trimmed−6%	−0.01 pp	11 q
unresolvedTransmontaigne Partners L P	0.04%	645,426	$17M	added×2.2	+0.02 pp	4 q
IAGIAMGold Corporation	0.03%	8,047,996	$11M	held	—	11 q
unresolvedLiberty Media Corp Delaware	0.03%	272,208	$10M	added+1%	+0.01 pp	6 q
NSNuStar Energy L.P.	0.03%	297,400	$12M	held	—	11 q
unresolvedPowershares Db Cmdty Idx Tra	0.03%	854,000	$11M	held	—	11 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.03%	500,000	$11M	held	—	2 q
unresolvedBellicum Pharmaceuticals Inc	0.02%	302,489	$6M	added+21%	+0.01 pp	4 q
BTGB2Gold Corp.	0.02%	7,700,300	$8M	added+29%	0.00 pp	3 q
unresolvedCelldex Therapeutics Inc New	0.02%	579,542	$9M	added+4%	+0.01 pp	6 q
unresolvedEncana Corp	0.02%	1,381,876	$7M	trimmed−0%	0.00 pp	11 q
GFIGold Fields Ltd	0.02%	2,681,635	$7M	trimmed−94%	−0.28 pp	11 q
unresolvedIndependence Hldg Co New	0.02%	572,271	$8M	added0%	0.00 pp	11 q
KGCKinross Gold Corporation	0.02%	4,801,889	$9M	held	—	11 q
KRThe Kroger Co.	0.02%	222,000	$9M	held	—	11 q
MTBM&T Bank Corp.	0.02%	58,930	$7M	trimmed−7%	0.00 pp	11 q
MGNXMacroGenics, Inc.	0.02%	290,000	$9M	trimmed−28%	0.00 pp	7 q
MQ8Mag Silver Corp	0.02%	1,354,200	$10M	held	—	4 q
NGLNgl Energy Partners LP	0.02%	861,339	$10M	added×3.4	+0.01 pp	4 q
unresolvedPain Therapeutics Inc	0.02%	5,684,510	$10M	held	—	11 q
AMPAmeriprise Financial, Inc.	0.01%	21,324	$2M	held	—	11 q
GBDCGolub Capital BDC, Inc.	0.01%	280,000	$5M	held	—	2 q
unresolvedHrg Group Inc	0.01%	153,000	$2M	held	—	3 q
FXIiShares China Large-Cap ETF	0.01%	77,000	$3M	held	—	3 q
EFAiShares MSCI EAFE ETF	0.01%	87,550	$5M	held	—	9 q
SLViShares Silver Trust	0.01%	251,600	$3M	held	—	11 q
JPMJPMorgan Chase & Co.	0.01%	39,191	$3M	held	—	11 q
KLICKulicke & Soffa Industries Inc	0.01%	363,014	$4M	added+21%	0.00 pp	8 q
unresolvedLeucadia National	0.01%	129,800	$2M	added+21%	0.00 pp	9 q
LBRDKLiberty Broadband Corporation Class C	0.01%	68,051	$4M	added+1%	0.00 pp	5 q
unresolvedLiberty Media Corp Delaware	0.01%	136,104	$5M	added+1%	0.00 pp	11 q
unresolvedMcGraw Hill	0.01%	40,000	$4M	held	—	11 q
MNSTMonster Beverage Corporation	0.01%	15,000	$2M	held	—	3 q
unresolvedMorgans Hotel Group Co	0.01%	661,307	$2M	added+8%	0.00 pp	11 q
unresolvedNustar Gp Holdings LLC	0.01%	250,000	$5M	held	—	11 q
TRAKReposiTrak, Inc.	0.01%	268,461	$3M	held	—	9 q
PFEPfizer Inc.	0.01%	135,661	$4M	trimmed−98%	−0.47 pp	11 q
PAAPlains All American Pipeline, L.P. Common Units representing Limited Partner Interests	0.01%	100,000	$2M	trimmed−20%	0.00 pp	2 q
unresolvedPrimero Mng Corp	0.01%	1,620,300	$4M	added+51%	0.00 pp	11 q
unresolvedSeacor Holdings Inc.	0.01%	96,554	$5M	held	—	11 q
XLFState Street Financial Select Sector SPDR ETF	0.01%	170,000	$4M	trimmed−43%	−0.01 pp	3 q
SPHSuburban Propane Partners L P	0.01%	196,250	$5M	held	—	11 q
SMMTSummit Therapeutics Inc.	0.01%	175,000	$2M	held	—	4 q
unresolvedTrovagene Inc	0.01%	376,111	$2M	new	+0.01 pp	new
BNDVanguard Total Bond Market	0.01%	49,000	$4M	trimmed−87%	−0.07 pp	3 q
unresolvedWp Glimcher In	0.01%	255,000	$3M	held	—	4 q
CYDChina Yuchai International Ltd.	0.01%	234,561	$3M	added+4%	0.00 pp	11 q
99998USDLiberty Global PLC Lilac - A	0.01%	54,335	$2M	added+1%	+0.01 pp	2 q
unresolvedThe Adt Corporation	0.00%	750	$25,000	held	—	11 q
RMTORM2 International Inc	0.00%	1,145,576	$2M	added+16%	0.00 pp	3 q
MOAltria Group, Inc.	0.00%	13,000	$757,000	added+63%	0.00 pp	11 q
AMZNAmazon.Com Inc	0.00%	617	$417,000	added×2.0	0.00 pp	11 q
ABEVAmbev S.a.	0.00%	17,875	$80,000	held	—	9 q
unresolvedAmerican Independence Corp	0.00%	149,639	$1M	added0%	0.00 pp	11 q
APUAmeriGas Partners, L.P.	0.00%	9,800	$336,000	new	0.00 pp	new
MJCAntares Pharma Inc	0.00%	20,000	$24,000	held	—	11 q
AAPLApple Inc.	0.00%	8,306	$874,000	added+10%	0.00 pp	11 q
ATRAptarGroup, Inc.	0.00%	14,129	$1M	held	—	11 q
AGRAvangrid, Inc.	0.00%	15,998	$614,000	new	0.00 pp	new
unresolvedAviat Networks Inc	0.00%	397	$0	held	—	11 q
AVPAvon Products, Inc.	0.00%	173,000	$701,000	trimmed−22%	0.00 pp	5 q
BPBP p.l.c.	0.00%	273	$9,000	held	—	11 q
BIDUBaidu, Inc.	0.00%	10	$2,000	held	—	11 q
unresolvedBaker Hughes Inc.	0.00%	181	$8,000	trimmed−10%	0.00 pp	11 q
BNSBank of Nova Scotia	0.00%	1,000	$40,000	trimmed−1%	0.00 pp	2 q
Barclays Bank PLCconvertible	0.00%	500	$13,000	held	—	11 q
BRK.BBERKSHIRE HATHAWAY Class B	0.00%	1,450	$191,000	held	—	11 q
BMYBristol-Myers Squibb Co.	0.00%	12,943	$890,000	trimmed−3%	0.00 pp	11 q
unresolvedCalifornia Res Corp	0.00%	1,008	$2,000	held	—	5 q
CALACalithera Biosciences Inc	0.00%	205,369	$2M	new	0.00 pp	new
unresolvedCalpine Corp	0.00%	1,000	$14,000	held	—	11 q
unresolvedCelator Pharmaceuticals Inc	0.00%	612,600	$1M	new	0.00 pp	new
CCThe Chemours Company	0.00%	120	$1,000	held	—	2 q
CVXChevron Corporation	0.00%	8,104	$729,000	held	—	11 q
CHDChurch & Dwight Co., Inc.	0.00%	1,884	$160,000	trimmed−22%	0.00 pp	11 q
CSCOCisco Systems, Inc. (DE)	0.00%	4,600	$125,000	held	—	11 q
CAGConagra Brands, Inc.	0.00%	19,762	$833,000	held	—	11 q
CTOCTO Realty Growth, Inc.	0.00%	4,000	$211,000	held	—	11 q
STZConstellation Brands, Inc.	0.00%	2,400	$342,000	held	—	11 q
CORTCorcept Therapeutics Inc.	0.00%	300,000	$1M	held	—	3 q
DKSDick's Sporting Goods, Inc.	0.00%	1,000	$35,000	held	—	7 q
DGICADonegal Group Inc	0.00%	64,068	$902,000	held	—	9 q
DMLPDorchester Minerals LP	0.00%	600	$6,000	held	—	11 q
unresolvedDu Pont E I De Nemours & Co	0.00%	600	$40,000	held	—	11 q
unresolvedElectro Rent Corp.	0.00%	89,800	$826,000	held	—	11 q
ETREntergy Corporation	0.00%	200	$14,000	held	—	11 q
unresolvedExpress Scripts Hldg Co	0.00%	1,168	$102,000	held	—	11 q
EZPWEzcorp Inc	0.00%	120,500	$601,000	added+83%	0.00 pp	2 q
XOMExxon Mobil Corp	0.00%	6,628	$517,000	held	—	11 q
METAMeta Platforms, Inc. Class A	0.00%	2,300	$241,000	held	—	11 q
unresolvedFifth Street Finance Corp	0.00%	109,000	$695,000	held	—	2 q
FEYEFireEye, Inc.	0.00%	635	$13,000	held	—	4 q
FBZFirst Trust Brazil AlphaDEX Fund	0.00%	2,915	$26,000	held	—	11 q
unresolvedFrontier Communications Corp	0.00%	72	$0	held	—	11 q
unresolvedGeneral Electric Co	0.00%	11,301	$352,000	held	—	11 q
GERNGeron Corp	0.00%	159,700	$773,000	trimmed−3%	0.00 pp	11 q
GILDGilead Sciences Inc	0.00%	400	$40,000	held	—	11 q
unresolvedGlaxosmithkline PLC	0.00%	1	$0	held	—	11 q
GSGoldman Sachs Group Inc.	0.00%	151	$27,000	held	—	11 q
unresolvedGoodrich Pete Corp	0.00%	65,000	$17,000	trimmed−59%	0.00 pp	11 q
HRSL3Harris Technologies, Inc.	0.00%	1,600	$139,000	held	—	11 q
HIGThe Hartford Insurance Group, Inc.	0.00%	200	$9,000	held	—	11 q
HONHoneywell International, Inc.	0.00%	750	$78,000	trimmed−100%	−0.68 pp	11 q
INVEINVE Technologies, Inc.	0.00%	65,000	$129,000	added×2.2	0.00 pp	6 q
ILMNIllumina Inc	0.00%	400	$77,000	held	—	11 q
IBMInternational Business Machines Corporation	0.00%	9,052	$1M	held	—	11 q
unresolvedKlondex Mns Ltd	0.00%	5,000	$10,000	new	0.00 pp	new
KHCThe Kraft Heinz Company	0.00%	1,845	$134,000	held	—	2 q
unresolvedLayne Christensen Co	0.00%	65,200	$343,000	trimmed−17%	0.00 pp	9 q
Layne Christensen Coconvertible	0.00%	1,550,000	$1M	held	—	4 q
LBRDALiberty Broadband Corporation Class A	0.00%	34,022	$2M	added+1%	0.00 pp	5 q
unresolvedLiberty Interactive Corp	0.00%	4,375	$120,000	held	—	11 q
unresolvedLiberty Interactive Corp	0.00%	1,057	$48,000	held	—	11 q
LTRPALiberty TripAdvisor Holdings, Inc. Series A	0.00%	436	$13,000	held	—	6 q
LMNRLimoneira Co	0.00%	77,388	$1M	held	—	11 q
LLoews Corporation	0.00%	14,000	$538,000	held	—	11 q
LORLLoral Space and Communications, Inc.	0.00%	27,950	$1M	added+86%	0.00 pp	9 q
MFCManulife Financial Corp.	0.00%	942	$14,000	held	—	11 q
unresolvedMkt Vectors Gld Miners ETF	0.00%	6,900	$95,000	trimmed−98%	−0.01 pp	11 q
MRKMerck & Co., Inc.	0.00%	7,790	$411,000	trimmed−14%	0.00 pp	11 q
METMetLife, Inc.	0.00%	16,800	$810,000	held	—	11 q
MURMurphy Oil Corp.	0.00%	31,626	$710,000	trimmed−44%	0.00 pp	11 q
MUSAMurphy USA Inc.	0.00%	3,181	$193,000	held	—	10 q
GFNEW GERMANY FUND Inc	0.00%	11,780	$173,000	held	—	11 q
unresolvedNew Oriental Ed & Tech Grp I	0.00%	1,000	$31,000	held	—	2 q
NWSANews Corporation Class A	0.00%	365	$5,000	held	—	10 q
NWSNews Corporation Class B	0.00%	230	$3,000	held	—	10 q
NVSNovartis AG	0.00%	12,848	$1M	held	—	11 q
NUANNuance Communications, Inc.	0.00%	700	$14,000	held	—	11 q
JGHNuveen Global High Income Fund	0.00%	90,000	$1M	held	—	5 q
OXYOccidental Petroleum Corporation	0.00%	7,222	$488,000	held	—	11 q
unresolvedOncothyreon Inc	0.00%	300,000	$666,000	new	0.00 pp	new
PDLIPDL BioPharma, Inc.	0.00%	2,800	$10,000	held	—	11 q
unresolvedPenn West Petroleum Ltd	0.00%	400,000	$335,000	trimmed−93%	−0.01 pp	11 q
JCPJ.C. Penney Company, Inc.	0.00%	5,000	$33,000	held	—	8 q
PBRPetroleo Brasileiro S.a.-petrobras	0.00%	200	$1,000	held	—	11 q
PMPhilip Morris International Inc.	0.00%	13,800	$1M	added+57%	0.00 pp	11 q
unresolvedPhilippine Long Distance Tel	0.00%	45,783	$2M	added+74%	0.00 pp	2 q
unresolvedPrecision Castparts Corp	0.00%	380	$88,000	trimmed−58%	0.00 pp	11 q
ORealty Income Corporation	0.00%	1,340	$69,000	held	—	9 q
ROVIRovi Corporation Com Stk (De)	0.00%	184	$3,000	held	—	11 q
SGMOQSangamo Therapeutics Inc	0.00%	200,000	$2M	held	—	2 q
unresolvedSanofi	0.00%	146,402	$16,000	held	—	11 q
SLBSLB Limited	0.00%	900	$63,000	held	—	11 q
SCHWThe Charles Schwab Corporation	0.00%	900	$30,000	held	—	11 q
XLIState Street Industrial Select Sector SPDR ETF	0.00%	30,000	$2M	trimmed−86%	−0.03 pp	11 q
unresolvedShire PLC	0.00%	4,830	$990,000	held	—	6 q
SONYSony Group Corporation	0.00%	800	$20,000	held	—	11 q
unresolvedSprint Corporation	0.00%	602	$2,000	held	—	10 q
XYZBlock, Inc.	0.00%	1,940	$25,000	new	0.00 pp	new
unresolvedStarz	0.00%	53,068	$2M	held	—	11 q
SYTSyngenta Ag-adr	0.00%	66	$5,000	held	—	11 q
TDSTelephone and Data Systems Inc.	0.00%	17,500	$453,000	held	—	9 q
TSLATesla, Inc.	0.00%	105	$25,000	new	0.00 pp	new
TLOGTetralogic Pharms Corp	0.00%	200,000	$346,000	trimmed−39%	0.00 pp	8 q
TMOThermo Fisher Scientific, Inc.	0.00%	200	$28,000	held	—	11 q
TIMETime Inc	0.00%	1,854	$29,000	trimmed−100%	−0.04 pp	7 q
TWXTime Warner Inc	0.00%	14,846	$960,000	trimmed−5%	0.00 pp	11 q
unresolvedTime Warner Cable Inc	0.00%	2,612	$485,000	held	—	11 q
unresolvedTwenty First Centy Fox Inc	0.00%	1,460	$40,000	held	—	10 q
unresolvedTwenty First Centy Fox Inc	0.00%	920	$25,000	held	—	10 q
UTXZRTX Corporation	0.00%	7,244	$696,000	trimmed−9%	0.00 pp	11 q
UNMUnum Group	0.00%	60,000	$2M	held	—	11 q
VEUVanguard FTSE All-World Ex-US ETF	0.00%	9,800	$425,000	trimmed−87%	−0.01 pp	3 q
VVXV2X, Inc.	0.00%	277	$6,000	held	—	6 q
VZVerizon Communications	0.00%	431	$20,000	held	—	11 q
VODVodafone Group PLC	0.00%	272	$9,000	held	—	7 q
VUZIVuzix Corporation	0.00%	110,398	$838,000	trimmed−26%	0.00 pp	2 q
WFCWells Fargo & Co.	0.00%	1,800	$98,000	held	—	11 q
unresolvedWilliams Partners L P New	0.00%	4,622	$129,000	held	—	4 q
XYLXylem Inc	0.00%	39,100	$1M	held	—	11 q
ZBHZimmer Biomet Holdings, Inc.	0.00%	873	$90,000	held	—	11 q
MNKMallinckrodt PLC	0.00%	187	$14,000	held	—	9 q
PNRPentair plc	0.00%	359	$18,000	held	—	7 q
unresolvedTyco Intl PLC	0.00%	1,500	$48,000	held	—	5 q
0VQJLTe Connectivity Ltd	0.00%	1,500	$97,000	trimmed−100%	−0.22 pp	11 q
unresolvedVascular Biogenics Ltd	0.00%	195,966	$1M	new	0.00 pp	new
unresolvedComcast Corp. Spl Cl A	—	−23,143,765	—	exited	−3.34 pp	—
unresolvedGoogle Inc.	—	−636,200	—	exited	−1.02 pp	—
unresolvedAltera Corp	—	−4,077,866	—	exited	−0.51 pp	—
unresolvedHewlett Packard Co	—	−6,326,935	—	exited	−0.41 pp	—
CFCF Industries Holding, Inc.	—	−3,261,497	—	exited	−0.37 pp	—
NXPINXP Semiconductors N.V.	—	−1,362,426	—	exited	−0.30 pp	—
PPLPPL Corporation	—	−2,882,938	—	exited	−0.24 pp	—
UTHRUnited Therapeutics Corp	—	−548,807	—	exited	−0.18 pp	—
ABBVAbbvie Inc.	—	−1,056,150	—	exited	−0.14 pp	—
unresolvedTheravance Inc	—	−1,790,411	—	exited	−0.03 pp	—
unresolvedDow Chemical Co	—	−100,000	—	exited	−0.01 pp	—
unresolvedThreshold Pharmaceutical Inc	—	−500,000	—	exited	−0.01 pp	—
unresolvedAberdeen Singapore Fd Inc	—	−9,521	—	exited	0.00 pp	—
unresolvedMarket Vectors ETF Tr	—	−10,100	—	exited	0.00 pp	—
unresolvedUIL Holdings Corporation	—	−15,998	—	exited	0.00 pp	—
unresolvedVerastem Inc	—	−310,177	—	exited	0.00 pp	—

Other 13(f) securities

Options 6

Contract	% of notional	Shares	Notional
NLNK CALL	87.19%	7,770	$7M
LXK CALL	6.28%	5,500	$523,000
HPE CALL	3.14%	2,000	$262,000
Valeant Pharmaceuticals Intl CALL	2.64%	2,000	$220,000
SGMOQ CALL	0.44%	3,259	$37,000
Valeant Pharmaceuticals Intl PUT	0.30%	2,500	$25,000

Notes 0

None in this filing

Source

Form: 13F-HR
Reading: 0 defects · 78 unresolved
Accession: 0001325447-16-000098
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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