Conor's avatar
$20.9m follower assets
13Fs Flowing In
You're missing out if you don't check what other super investors are investing in!

Using Dataroma you can see everything in one place.

Here are some comments on some of my favorite investors:

  • Bill Miller (which I believe he no longer will be managing soon) reduced a lot of positions such as $OVV, $DXC, $FANG, $DAL, $NCLH, $GOOS, and $SOFI
  • Bill added or started a position in $OMF, $EXPE, $ET , and $CLF to name a few I found interesting
  • Very hard to have any takeaways from Bill's VAST holdings, but he is very active. Expect major turnover in his portfolio. It seems like he is kind of expecting a recession by cutting cruise lines and Delta, but he did add United
  • Michael Burry SOLD EVERYTHING except bought 501,360 shares in $GEO
  • Burry is easier to read as long as you catch his tweets before he deletes them. Burry is expecting a recession due to a credit crisis with consumers. No idea if he is right, but I've heard others raise alarms on this same issue
  • Bryan Lawrence is a real Warren Buffett-type/Joel Greenblatt-style of investor. He keeps his portfolio to 8-10 positions max. Number one position is $TDG followed by $GOOG and $IBKR
  • You can bet Bryan has a pretty strong conviction in his holdings, BUT you still have to do your due diligence. He was invested in $GDRX and sold it all last quarter. He will still sell out an entire position if he loses conviction
  • Seth Klarman is famous for writing an intrinsic value book that only sold a limited number of copies. Because of the limited number of copies the book's price got up to the many thousands of dollars range. The Investor's Podcast reviews his book and from their takeaway, it seemed like the book is more of a collector item than containing any sort of secret sauce to beating the market
  • Seth started a position in $WBD which I love since I own Warner Brothers in my portfolio. He also started one in $AMZN which I believe everyone knew was way underpriced last quarter. Seth added 75% to a stock called Gray Television $GTN. I've never heard of this stock before but will do some research to see what it's all about. Seth is pretty well versed in communication companies such as Liberty Media.

Overall, 13Fs are helpful but I wouldn't start or sell any positions because of what I see in a 13F. I really like using it because it introduces me to new stock ideas such as $GTN or what different investors are investing or selling currently. Kind of like Commonstock but for Super Investors but delayed three months.

Let me know some recent 13F holdings you find interesting below!
JetBlue buys Spirit Airlines
Spirit Airlines $SAVE has been the best performing airline stock over the past year after receiving takeover bids from both JetBlue $JBLU and Frontier $ULCC. JetBlue appears to have had the winning bid. Let’s take a closer look at this deal!

In February, $SAVE announced plans to merge with $ULCC leading to the stock’s outperformance. $JBLU then came in with a higher offer and on July 27th Spirit took it. There’s been some interesting price action as a result!

This merger combines two of the smaller players in the industry but the combined airline would have $11B in revenue and represent 10% of the industry according to Forbes.

Anti-trust regulators aren’t happy. They had previously sued to block a combination of American Airlines $AAL and JetBlue $JBLU.

Want to read about what JetBlue $JBLU needs in order for this deal to go through?

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Are consumer preferences shifting?
CPI data comes out this Friday. In preparation for this data, many analysts have been watching the news as Target $TGT lowers earnings expectations once again.

This shouldn't come as a real surprise as retail stocks like Walmart $WMT, Target $TGT, and Amazon $AMZN have all seen a large decline in revenue growth. This would normally be a sign of lower consumer spending and a possible change in the direction of inflation however, another signal is saying the opposite.

Consumer spending on travel seems to be rapidly accelerating as companies like Airbnb $ABNB, Marriot $MAR, Booking $BKNG, and Delta $DAL are all seeing revenue acceleration.

These two indicators seem to suggest consumers are changing their spending habits away from goods and toward services like travel.

Will this data start to show up in Friday's inflation report?
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The shift of consumer spending habits at large, rather than focusing on the slowdown in overall spending exclusively, is fascinating to ponder about imo. Would not be surprised if discretionary plays continue to hold their breath/dip lower over consumer sentiment woes but at least encouraging to see travel demand
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Employee Efficiency
With Elon Musk talking about cutting 10% of jobs at Tesla $TSLA, the market has taken a hit. Many other companies have recently instituted a hiring freeze or laid off some employees.

Let's look at some industries to see the relationship between employee count and revenue!

Airlines✈️ -

Delta $DAL seems to be the only outlier generating more revenue than both $AAL and $UAL with fewer employees.

Retail 🛍️-

Costco $COST seems to have a large advantage generating more than double the revenue the expected revenue per employee.

Auto 🚗 -

Speaking of Elon, Tesla $TSLA doesn't seem to have a large advantage in this stat. In fact, both Ford $F and GM $GM look to be performing better based on this metric.

Software 💻 -

There doesn't seem to be any strong outliers for SaaS stocks. However, looks to have $DDOG has a slight advantage and $OKTA seems to have a slight disadvantage.

Like what you see?

You can make any of these charts in just three clicks from our home page!
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Did you travel over Memorial Day?
The surge in consumer demand, staff shortages, harsh weather, and high gas prices caused cancellations for many airliners.

Even still, could this increase in demand be an indicator of improved business fundamentals?

Although travel demand has risen in recent months, stock prices for top airliners have continued to fall. $UAL $ALK $AAL $JBLU $DAL $LUV

Counter to the drop in prices, these stocks have seen large increases in quarterly revenue production.

Not all growth is good growth.

As prices for fuel and staff shortages have put pressure on margins, only three of these airlines posted positive net income in their most recent quarter.

For some investors, free cash flow is the better measure of profitability as it shows the cash generated by a business over a given period.

What do you think? Are you a fan of airline stocks now that travel demand is booming?

If you are more of a fan of hotel stocks, or booking sites, Wiijii has you covered with these quick comparisons:

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I did travel over Memorial Day weekend--by car. And since I don't have a Tesla I was feeling well aware of the gas prices. Interesting to see $DAL topping revenue but with negative FCF. What's that about?
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