Oakcliff Capital

Q3 2019 13F · by Bryan Lawrence, portfolio manager

Picture100.0% US stock

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

+10.5 pp in · −6.0 pp out

Very concentrated · behaves like 9 equal-sized positions

Moderate turnover · 27% a year, about 3.8 years per position

CHTR Charter Comm Inc Del CL A New held held17.1%
IBKR Interactive Brokers Group, Inc. Class A held held12.5%
TDG TransDigm Group Incorporated held held12.1%
GOOG Alphabet Inc. Class C held held12.0%
SGU Star Group, L.P. Common Units Representing Limited Partner Interest held held10.6%


CHTRCharter Comm Inc Del CL A New	17.15%	61,500	$25M	held	—	8 q
IBKRInteractive Brokers Group, Inc. Class A	12.51%	343,955	$18M	held	—	11 q
TDGTransDigm Group Incorporated	12.07%	34,273	$18M	held	—	11 q
GOOGAlphabet Inc. Class C	12.04%	14,600	$18M	held	—	7 q
SGUStar Group, L.P. Common Units Representing Limited Partner Interest	10.60%	1,654,387	$16M	held	—	11 q
CVNACarvana Co.	10.52%	235,729	$16M	held	—	5 q
APPNAppian Corporation Class A	6.98%	217,138	$10M	trimmed−23%	−0.55 pp	6 q
CDLXCardlytics, Inc.	6.37%	281,064	$9M	new	+6.37 pp	new
KMXCarMax Inc.	6.22%	104,540	$9M	trimmed−21%	−2.20 pp	11 q
CARGCarGurus, Inc. Class A	4.17%	199,046	$6M	new	+4.17 pp	new
HNRGHallador Energy Company	1.36%	557,189	$2M	held	—	11 q
BFHBread Financial Holdings, Inc.	—	−30,963	—	exited	−3.20 pp	—