This article is part of a series that provides an ongoing analysis of the changes made to Lou Simpson's 13F portfolio on a quarterly basis. It is based on Simpson's regulatory 13F Form filed on 08/14/2018. Please visit our Tracking Lou Simpson's SQL Advisors Portfolio series to get an idea of his investment philosophy and our previous update for the fund's moves during Q1 2018.
This quarter, Simpson's 13F portfolio value increased marginally from $2.93B to $2.95B. The number of holdings decreased from 15 to 11. The top five positions represent ~57% of the 13F