Oakcliff Capital

Q1 2017 13F · by Bryan Lawrence, portfolio manager

Picture100.0% US stock

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

First filing on record. Nothing to compare against.

Very concentrated · behaves like 9 equal-sized positions

Turnover · first filing on record

IBKR Interactive Brokers Group, Inc. Class A held held16.1%
SGU Star Group, L.P. Common Units Representing Limited Partner Interest held held14.6%
unresolved Express Scripts Hldg Co held held13.1%
AXTA Axalta Coating Systems Ltd. held held11.5%
TDG TransDigm Group Incorporated held held10.5%


IBKRInteractive Brokers Group, Inc. Class A	16.09%	484,354	$17M	held	—	new
SGUStar Group, L.P. Common Units Representing Limited Partner Interest	14.56%	1,654,387	$15M	held	—	new
unresolvedExpress Scripts Hldg Co	13.09%	207,637	$14M	held	—	new
AXTAAxalta Coating Systems Ltd.	11.52%	374,049	$12M	held	—	new
TDGTransDigm Group Incorporated	10.48%	49,727	$11M	held	—	new
KMXCarMax Inc.	9.63%	170,000	$10M	held	—	new
BIDUBaidu, Inc.	8.78%	53,200	$9M	held	—	new
GOOGAlphabet Inc. Class C	7.94%	10,000	$8M	held	—	new
unresolvedAlliance Holdings GP LP	5.90%	224,850	$6M	held	—	new
HNRGHallador Energy Company	2.00%	260,578	$2M	held	—	new

The filing disagrees with its own cover page — cover page declares 11 entries; 10 parsed, value total matches — kept, the table is the record