Lou Simpson Exits Liberty Global, Adds to 3 Holdings in 4th Quarter
Managing a portfolio of 10 stocks, the former chief investment officer of Berkshire Hathaway's (BRK-A)(BRK-B) Geico seeks long-term capital appreciation through a close perusing of company documents and meetings with top management. Instead of relying on Wall Street's research, SQ Advisors does its own research to identify investing opportunities. Sold out: Liberty Global PLC Class C. Simpson sold 6,104,893 Class C shares of Liberty Global for an average price of $23.79 per share, trimming 5.30% off his equity portfolio. Weitz Partners fund manager Wallace Weitz (Trades, Portfolio) said in his shareholder letter that Liberty Global was one of his portfolio's top detractors as ongoing company struggles in Belgium and Switzerland offset strong operating results in the U.K. Weitz, Mario Gabelli (Trades, Portfolio), First Eagle Investment (Trades, Portfolio) and Chris Davis (Trades, Portfolio) trimmed their holdings of Liberty Global during the quarter.