Early 13F Indications From Valiant Capital, Libra Advisors and Tweedy Browne

Popular funds Valiant Capital Management, Libra Advisors, and Tweedy Browne Co have all filed their 13F reports a little early.

The overall market value of Libra’s holdings decreased from $339,496,669 to $329,002,516 16 buys versus 19 sales. Valiant’s 13f market value went from $831,212,007 to $884,430,744 with 4 buys against 15 sales. Tweedy Browne’s 13f market value went from $2,856,455,026 to $2,752,915,680 with 8 buys against 39 sales.

New Buys

Tweedy Browne purchased a single new stock, Horizon Telecom and added to 7 existing positions, doubling  their Berkshire Hathaway B Shares and increasing their Akzo Nobel holdings almost 200%.  They also added 62% to their Total SA shares.

Libra Advisors added 3 new stocks, Novadaq Tech (NVDQ), Brigus Gold Corp (BRD), and eBay (EBAY) representing 1.14%, 0.66%, and 0.31% of the overall 13f portfolio.  They also added to 13 positions including significant increases in Newmont Mining, Gran Tierra Energy and Rubicon Minerals.

Valiant Capital purchased 3 new stocks, the largest being the SPDR S&P 500 ETF representing only 0.53% of their overall 13f portfolio.  Valiant also made an additional large investment in one of their existing holdings, Charles Schwab, buying 2,527,879 additional shares.

Sells

Tweedy Browne sold out of 3 positions during the quarter, McDonald’s, Avatar Holdings and Honda Motor. They further reduced exposure in 36 other holdings including a big drop in their top pick Philip Morris International selling 1,512,873 shares or 26%.

Libra Advisors sold out of 9 stocks including Salesforce and Probe Mines.  They also trimmed holdings in 10 stocks with big reductions in basic materials stocks: Extorre Gold Mines, Aurico Gold, Silver Wheaton, Taseko Mines and Primero Mining.

Valiant closed out positions in Health Net and Adobe with the former having been 5.69% of their overall Q4 2011 portfolio and the latter having been 3%.    Valiant also reduced exposure to 13 other holdings with Apple being the largest drop at 27% though it’s still their #1 position.