Oakcliff Capital

Q1 2018 13F · by Bryan Lawrence, portfolio manager

Picture100.0% US stock

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

+15.8 pp in · −14.5 pp out

Very concentrated · behaves like 8 equal-sized positions

Moderate turnover · 63% a year, about 1.6 years per position

IBKR Interactive Brokers Group, Inc. Class A trimmed−2.52 pp trimmed−2.5214.1%
SGU Star Group, L.P. Common Units Representing Limited Partner Interest held held13.2%
CHTR Charter Comm Inc Del CL A New added+1.56 pp added+1.5613.1%
TDG TransDigm Group Incorporated held held12.9%
KMX CarMax Inc. added+1.58 pp added+1.5812.6%

restated 0 rows corrected by the filer · US stock 0.00%; later quarters recomputed 13F-HR/A · May 15, 2018 ↗


IBKRInteractive Brokers Group, Inc. Class A	14.07%	244,496	$16M	trimmed−23%	−2.52 pp	5 q
SGUStar Group, L.P. Common Units Representing Limited Partner Interest	13.24%	1,654,387	$15M	held	—	5 q
CHTRCharter Comm Inc Del CL A New	13.05%	49,000	$15M	added+26%	+1.56 pp	2 q
TDGTransDigm Group Incorporated	12.90%	49,106	$15M	held	—	5 q
KMXCarMax Inc.	12.55%	236,776	$15M	added+21%	+1.58 pp	5 q
BFHBread Financial Holdings, Inc.	11.73%	64,387	$14M	added+34%	+1.08 pp	2 q
GOOGAlphabet Inc. Class C	10.86%	12,300	$13M	new	+10.86 pp	new
BIDUBaidu, Inc.	8.23%	43,100	$10M	added+5%	−0.23 pp	5 q
HNRGHallador Energy Company	2.34%	398,362	$3M	added+53%	+0.95 pp	5 q
unresolvedAlliance Holdings GP LP	1.04%	48,784	$1M	trimmed−33%	−0.68 pp	5 q
GOOGLAlphabet Inc. Class A	—	−12,300	—	exited	−11.29 pp	—