PROSF News and Press, Prosus NV - Class N From 03/20/22

Ruane, Cunniff & Goldfarb’s 13F portfolio value increased from $11.13B to $11.71B this quarter. The number of positions increased from 33 to 34. They increased Wayfair while reducing Credit Acceptance and Berkshire Hathaway. The top three positions are Alphabet, UnitedH...

I published a neutral piece on Prosus a few months back that was met with significant amounts of flak for what was viewed as too conservative a stance. However, since that article, the stock has dropped more than a third in less than 3 months - and no, it's not just due to the war. ...

This month I had a total of 10 transactions, of which 8 buys and 2 sells. Dividends were up, but February tends to be the lowest amount in dividends received. My new forward dividend yield is $900.04 after-tax. For further details see: My Portfolio February Update - 8 Bu...

Naspers/Prosus/Tencent has turned from one of JSE’s high valuation darlings into a contrarian bet with attractive valuations. China-related concerns justify a higher risk premium and discount rate. Tencent is incentivized to under-report earnings, so they are likely earning...

I was looking for some good hedges against an Ukraine-Russia conflict, however, it's not easy to find good candidates. By accident, I remembered that Renault actually sells about 20% of its cars in Russia. If Russia and Europe start imposing sanctions on each other because of a Uk...

This month I had a total of 13 transactions of which 3 sales. Dividends were down slightly YoY due to a special dividend during January last year. My new forward dividend yield is $913.35 after tax. For further details see: My Portfolio January Update - 10 Buys, 3 Sells ...

The Fund seeks to generate equity-like returns over the long term, take less risk than the market and avoid permanent impairment of capital. We invest across capital structure, geographies, sectors. Economic recovery and persistent easy money continued to underpin the financial market...

Alphyn Capital Management, LLC is a registered investment advisor focussed on a) great public companies that have the power to endure, with long runways to grow through reinvesting cash flows at high rates of return, run by talented and aligned operators and b) the occasional special situ...

Ruane, Cunniff, & Goldfarb’s 13F portfolio value decreased from $11.28B to $11.13B this quarter. The number of positions decreased from 35 to 33. They increased Meta Platforms, Taiwan Semi, Wayfair, and CarMax while reducing Credit Acceptance and dropping Arista Networks an...

This month I started repositioning my portfolio, decreasing total holdings to 35. Dividend was almost double that of last November. My new forward dividend is $818.60 after tax. For further details see: My Portfolio November Update - Repositioning For The New Year