Oakcliff Capital

Q4 2022 13F · by Bryan Lawrence, portfolio manager

Picture100.0% US stock

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

+8.3 pp in · −11.1 pp out

Very concentrated · behaves like 6 equal-sized positions

Moderate turnover · 45% a year, about 2.2 years per position

TDG TransDigm Group Incorporated trimmed−0.30 pp trimmed−0.3024.3%
IBKR Interactive Brokers Group, Inc. Class A trimmed−1.08 pp trimmed−1.0818.3%
GOOG Alphabet Inc. Class C added−2.11 pp added−2.1113.5%
SGU Star Group, L.P. Common Units Representing Limited Partner Interest held held11.7%
CHTR Charter Comm Inc Del CL A New added+1.87 pp added+1.8711.5%


TDGTransDigm Group Incorporated	24.28%	51,698	$33M	trimmed−7%	−0.30 pp	24 q
IBKRInteractive Brokers Group, Inc. Class A	18.33%	339,647	$25M	trimmed−6%	−1.08 pp	24 q
GOOGAlphabet Inc. Class C	13.52%	204,300	$18M	added+6%	−2.11 pp	20 q
SGUStar Group, L.P. Common Units Representing Limited Partner Interest	11.73%	1,305,167	$16M	held	—	24 q
CHTRCharter Comm Inc Del CL A New	11.53%	45,574	$15M	added+20%	+1.87 pp	21 q
GWREGuidewire Software, Inc.	9.31%	199,435	$12M	held	—	9 q
GILGildan Activewear Inc.	8.52%	417,000	$11M	new	+8.52 pp	new
HNRGHallador Energy Company	2.78%	372,664	$4M	held	—	24 q
LGIHLGI Homes, Inc.	—	−75,000	—	exited	−5.13 pp	—
AYXAlteryx, Inc.	—	−97,847	—	exited	−4.59 pp	—