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Whitney Tilson's T2 Takes Stakes in Citi (C), InterDigital (IDCC), Boosts Stakes in Cisco (CSCO), Dell (DELL), Cuts Stake in J&J (JNJ)

August 16, 2011 5:36 PM EDT Send to a Friend
The 13F for the quarter ended June 30, 2011 for Glenn Tongue and Whitney Tilson's T2 Partners Management was just released.

The fund notably showed new stakes in Activision Blizzard, Citi, InterDigital and Wells Fargo and liquidated stakes in Best Buy and American Eagle. The fund raised stakes in Cisco and Dell and reduce positions in Johnson & Johnson, Microsoft and JCPenney.

New Stakes
Activision Blizzard, Inc. (NASDAQ: ATVI) new 420,000 share position
Alexander & Baldwin, Inc. (NYSE: ALEX) new 35,900 share position
Atlas Energy LP (NYSE: ATLS) new 1,827 share position
Biglari Holdings (NYSE: BH) new 3,522 share position
Citigroup, Inc. (NYSE: C) new 79,882 share position
CurrencyShares Japanese Yen Trust (NYSE: FXY) (PUT) new 7,600 share position
Imation Corp. (NYSE: IMN) new 182,269 share position
Interactive Brokers Group, Inc. (NASDAQ: IBKR) new 204,990 share position
InterDigital, Inc. (NASDAQ: IDCC) new 50,300 share position
iShares Trust FTSE China 25 Index Fund (NYSE: FXI) (PUT) new 30,000 share position
iShares Trust Barclays 20+ Year Treasury Bond Fund (NYSE: TLT) (PUT) new 30,000 share position
Nelnet Inc. Cl A (NYSE: NNI) new 276,062 share position
Pep Boys-Manny Moe & Jack (NYSE: PBY) new 444,269 share position
SPDR S&P Retail ETF (NYSE: XRT) (PUT) new 20,000 share position
Universal Stainless & Alloy (NASDAQ: USAP) new 5,900 share position
Wells Fargo & Co. (NYSE: WFC) new 115,450 share position
Westell Technologies, Inc. (NASDAQ: WSTL) new 360,000 share position
Xerox Corp. (NYSE: XRX) new 325,000 share position

Raised Stakes
Alleghany Corp. (NYSE: Y) raised from 3,800 shares to 7,376 shares
BLACKROCK KELSO CAPITAL CORPORATION (NASDAQ: BKCC) raised from 28,123 shares to 28,216 shares
Blue Coat Systems, Inc. (NASDAQ: BCSI) raised from 40,000 shares to 150,000 shares
Calamos Asset Management, Inc. (NASDAQ: CLMS) raised from 140,000 shares to 230,000 shares
Capital Southwest Corp (NASDAQ: CSWC) raised from 14,000 shares to 14,730 shares
Cisco Systems, Inc. (NASDAQ: CSCO) raised from 245,000 shares to 250,000 shares
dELIA*s, Inc. (NASDAQ: DLIA) raised from 3,079,733 shares to 3,089,733 shares
Dell, Inc. (NASDAQ: DELL) raised from 322,300 shares to 412,300 shares
Diamond Offshore Drilling, Inc. (NYSE: DO) raised from 30,000 shares to 35,000 shares
Himax Technologies, Inc. (NASDAQ: HIMX) raised from 600,000 shares to 685,000 shares
Howard Hughes (NYSE: HHC) raised from 117,890 shares to 176,347 shares
J.C. Penney Co., Inc. (NYSE: JCP) (CALL) raised from 466,800 shares to 903,900 shares
Sprott Resource Lending Corp (NYSE: SILU) raised from 627,542 shares to 650,000 shares
Target Corp. (NYSE: TGT) raised from 45,933 shares to 55,933 shares
Terra Nova Royalty Corp (NYSE: TTT) raised from 250,000 shares to 308,600 shares
TransAtlantic Petroleum Ltd. (NYSE: TAT) raised from 550,000 shares to 650,000 shares
Western Digital Corp. (NYSE: WDC) raised from 100,000 shares to 125,000 shares

Lowered Stakes
American Express Co. (NYSE: AXP) lowered from 28,144 shares to 8,144 shares
Anheuser-Busch Inbev Sa/Nv (NYSE: BUD) lowered from 154,440 shares to 114,440 shares
Aspen Insurance Holdings Ltd. (NYSE: AHL) lowered from 150,000 shares to 125,000 shares
Automatic Data Processing (NASDAQ: ADP) lowered from 63,318 shares to 15,218 shares
Berkshire Hathaway B (NYSE: BRK-B) (CALL) lowered from 274,900 shares to 73,000 shares
Berkshire Hathaway B (NYSE: BRK-B) lowered from 427,916 shares to 154,238 shares
BP PLC ADS (NYSE: BP) lowered from 181,281 shares to 161,281 shares
CIT Group, Inc. (NYSE: CIT) lowered from 272,363 shares to 201,663 shares
Coinstar, Inc. (NASDAQ: CSTR) lowered from 105,000 shares to 47,500 shares
GameStop Corp. Cl A (NYSE: GME) lowered from 110,000 shares to 85,000 shares
General Electric (NYSE: GE) lowered from 26,562 shares to 15,322 shares
General Growth Properties, Inc. (NYSE: GGP) lowered from 610,404 shares to 447,554 shares
Huntsman Corp. (NYSE: HUN) lowered from 29,781 shares to 14,781 shares
IDT Corp. Cl B (NYSE: IDT) lowered from 130,000 shares to 118,000 shares
Iridium Communications, Inc. (NASDAQ: IRDM) lowered from 1,292,460 shares to 827,658 shares *
Johnson & Johnson (NYSE: JNJ) lowered from 111,910 shares to 1,110 shares
Kraft Foods Inc. Cl A (NYSE: KFT) lowered from 412,500 shares to 15,600 shares
Microsoft Corp (NASDAQ: MSFT) lowered from 1,919,058 shares to 443,558 shares
J.C. Penney Co., Inc. (NYSE: JCP) lowered from 466,900 shares to 100 shares
Premier Exhibitions, Inc. (NASDAQ: PRXI) lowered from 566,819 shares to 387,819 shares
Republic Airways Holding, Inc. (NASDAQ: RJET) lowered from 283,288 shares to 209,193 shares
Resource America, Inc. (NASDAQ: REXI) lowered from 1,094,855 shares to 1,084,622 shares
Seagate Technology (NASDAQ: STX) lowered from 881,180 shares to 843,348 shares
Spark Networks (NYSE: LOV) lowered from 371,863 shares to 371,663 shares
S&P DEP RECEIPTS (NYSE: SPY) (PUT) lowered from 623,900 shares to 25,000 shares
S&P DEP RECEIPTS (NYSE: SPY) lowered from 623,900 shares to 1,100 shares
St. Joe Co. (NYSE: JOE) lowered from 54,503 shares to 3 shares
SUMMER INFANT, Inc. (NASDAQ: SUMR) lowered from 99,500 shares to 97,900 shares
Two Harbors Investment (NYSE: TWO) lowered from 2,300,621 shares to 524,866 shares
The Wet Seal, Inc. (NASDAQ: WTSLA) lowered from 130,436 shares to 89,536 shares
Winn-Dixie Stores, Inc. (NASDAQ: WINN) lowered from 351,951 shares to 311,457 shares
Yahoo, Inc. (NASDAQ: YHOO) lowered from 42,426 shares to 12,426 shares

Liquidated Stakes
American Eagle Outfitters, Inc. (NYSE: AEO) liquidated
Best Buy Co., Inc. (NYSE: BBY) liquidated
Borders Group, Inc. (NYSE: BGP) liquidated
CurrencyShares Japanese Yen Trust (NYSE: FXY) liquidated
iShares Russell 2000 Index Fund (NYSE: IWM) (PUT) liquidated
iShares Trust Barclays 20+ Year Treasury Bond Fund (NYSE: TLT) liquidated
ITT Educational Services, Inc. (NYSE: ESI) liquidated
Laboratory Corp. of America Holdings (NYSE: LH) liquidated
LECG Corporation (NASDAQ: XPRT) liquidated
Liberty Media Holding Corporation Interactive Common Series A (NASDAQ: LINTA) liquidated
Madison Square Garden, Inc. (NASDAQ: MSG) liquidated
Medallion Financial Corp (NASDAQ: TAXI) liquidated
Safety Insurance Group, Inc. (NASDAQ: SAFT) liquidated
Wesco International, Inc. (NYSE: WCC) liquidated
Ono Pharmaceutical (: OPHLF) liquidated
Wilmington Trust Corp. (NYSE: WL) liquidated

Maintained Stakes
Automatic Data Processing (NASDAQ: ADP) (CALL) maintained 28,000 share stake
Beneficial Mutual Bancorp, Inc. (NASDAQ: BNCL) maintained 49,630 share stake
Berkshire Hathaway (NYSE: BRK-A) maintained 13 share stake
Chimera Investment (NYSE: CIM) maintained 300,000 share stake
Daily Journal Corp (NASDAQ: DJCO) maintained 3,683 share stake
EMC Corp. (NYSE: EMC) maintained 85,768 share stake
EchoStar Corporation (NASDAQ: SATS) maintained 6,992 share stake
The First of Long Island Corp (NASDAQ: FLIC) maintained 20,000 share stake
HOT Topic, Inc. (NASDAQ: HOTT) maintained 31,090 share stake
Intel (NASDAQ: INTC) (CALL) maintained 222,000 share stake
Intel (NASDAQ: INTC) maintained 4,410 share stake
Intel (NASDAQ: INTC) (CALL) maintained 222,000 share stake
Johnson & Johnson (NYSE: JNJ) (CALL) maintained 110,800 share stake
Kraft Foods Inc. Cl A (NYSE: KFT) (CALL) maintained 386,900 share stake
Lennar Corp. Cl A (NYSE: LEN) maintained 25,556 share stake
Microsoft Corp (NASDAQ: MSFT) (CALL) maintained 1,333,700 share stake
MVC Capital, Inc. (NYSE: MVC) maintained 115,900 share stake
Republic Airways Holding, Inc. (NASDAQ: RJET) (CALL) maintained 72,900 share stake
Richardson Electronics Ltd (NASDAQ: RELL) maintained 102,800 share stake
SLM Corp. (NYSE: SLM) maintained 18,557 share stake
St. Joe Co. (NYSE: JOE) (PUT) maintained 54,500 share stake
Telular Corp (NASDAQ: WRLS) maintained 376,147 share stake
Tucows (NYSE: TCX) maintained 123,650 share stake
UGL Limited (: UGLLF) maintained 53,000 share stake
Weyco Group, Inc. (NASDAQ: WEYS) maintained 61,997 share stake
Winthrop Realty Trust (NYSE: FUR) maintained 15,358 share stake

* Since the original filing these positions have been updated further.




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