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Tilson Releases September 30 13-F: Top Positions Are AIG And AAPL

Tyler Durden's picture




 

Just when we thought blowing up one fund in one year is enough for Whitney Tilson (recall from July: It's Official: T1 Is Not T2; Tilson Liquidates To Buy More Of The Same), we got a glimpse of his just released 13F and are rather confident the man, the myth, the stuff of Anti-Tilson ETFs will shock and awe us all one more time. The reason? As of September 30, Tilson's inaccurately named T2 Partners - it should be T1 now that Glenn Tongue is long gone - had a total of $175 million in AUM. That's not the punchline: as part of this $175 million, Tilson had $63 million in put/call stock equivalents. In other words the much vaunted "asset manager" who for some absolutely inexplicable reason continues to get CNBC airtime, managed a grand total of $110 million in real (mostly family and friends) money. That's not the punchline either. The punchline is that Tilson's top 3 positions were AIG and AAPL, with AIG in both stock and Call format. In fact, more than 10% of the firm's virtual AUM, or $18.6 million was in stock equivalent calls for AIG and AAPL, stocks which since September 30 have gone in a literally, not virtually, straight line lower, and have as a result likely wiped out the entire intrinsic call value. The only silver lining: Tilson owned $5.5 mm in NFLX calls and a grand total of $3.6 million in NFLX stock. We hope it carries him far, because once the Icahn grand jig is up, in which the raider is exposed as having absolutely no intentions of buying the company, or even putting it in play, but merely squeezing the shorts courtesy of a costless collar and a sternly worded 13D, that will be the final straw for Tilson's second coming, and most likely, his career.

Source: Sexually Explicit and Corrupt

 

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Wed, 11/14/2012 - 17:07 | 2981519 Pladizow
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<----- T-Zero

<----- T-Minus

Wed, 11/14/2012 - 17:13 | 2981537 NewThor
NewThor's picture

Step right up!

Now selling November 21st DOW JONES 12,000 hats!

and early December DOW JONES 10,000 hats!

and late December DOW JONES 8000 hats!

Get them while they are HOT bitchez!

Wed, 11/14/2012 - 17:21 | 2981588 DeadFred
DeadFred's picture

Things were really jittery out there today with prices jumping all over. The algos do that at first when their switches are reset to "EVIL". I'm wondering if you might want some November 21 DOW JONES 11,000 hats. The next two days could prove to be memorable.

Wed, 11/14/2012 - 17:52 | 2981719 MillionDollarBogus_
MillionDollarBogus_'s picture

Time to let you all in on a little secret...

Whitney Tilson is my hero...

That guy rocks...!!!

Wed, 11/14/2012 - 18:00 | 2981752 kliguy38
kliguy38's picture

yeah....sure he does......now wipe off that dab he left on your chin

Wed, 11/14/2012 - 18:42 | 2981896 Beam Me Up Scotty
Beam Me Up Scotty's picture

Wow NewThor, Dow 8k late December.  That will make my Jan FAZ calls REALLY HAPPY!! =)

Wed, 11/14/2012 - 17:16 | 2981557 ACP
ACP's picture

That's fucking awesome. I guess getting your ass kicked isn't enough, some people need to drop their nuts in a meat grinder. Well, at least he's going out in style.

Wed, 11/14/2012 - 18:12 | 2981811 whatsinaname
whatsinaname's picture

Dont worry, Jill Kelley will bail him out with a little help from her friends.

Wed, 11/14/2012 - 17:04 | 2981499 catacl1sm
catacl1sm's picture

Is there a 3x Inverse ETF on him I can get into?

Wed, 11/14/2012 - 17:14 | 2981543 NewThor
NewThor's picture

Is this a Paula Broadwell joke?

If so, good joke bro.

Wed, 11/14/2012 - 17:04 | 2981501 fuu
fuu's picture

In other news Kevin Henry is MIA.

Wed, 11/14/2012 - 17:15 | 2981551 NewThor
NewThor's picture

Didn't you hear?

Kevin made double secret partner at Goldman Sachs

and is now short everything but oil and war.

Wed, 11/14/2012 - 17:04 | 2981503 ziggy59
ziggy59's picture

He will get hired by GS for sure

Wed, 11/14/2012 - 17:06 | 2981512 Dr. Engali
Dr. Engali's picture

This guy just can't get anything right. He is going to manage those assets all the way to zero.

Wed, 11/14/2012 - 17:07 | 2981516 HaroldWang
HaroldWang's picture

Damn! Was REALLY hoping for deer in headlights pic.

Wed, 11/14/2012 - 17:24 | 2981540 redpill
redpill's picture

Let me see what I can do.

Wed, 11/14/2012 - 17:08 | 2981526 SheepDog-One
SheepDog-One's picture

Well I guess Tilson with enough CNBC appearances at $50 each can make up for his trading record.

Wed, 11/14/2012 - 17:10 | 2981529 monopoly
monopoly's picture

And this just in:

WSJ:

Housing Agency Close to Exhausting Reserves

The Federal Housing Administration is expected to report later this week it could exhaust its reserves because of rising mortgage delinquencies, according to people familiar with the matter. 

Who could have ever known, no one, but no one could have imagined this.

Wed, 11/14/2012 - 17:29 | 2981618 Urban Redneck
Urban Redneck's picture

That was just in over a week ago  (even before the election)-

http://www.bloomberg.com/news/2012-11-05/fha-said-to-set-stage-for-treas...

Wed, 11/14/2012 - 17:30 | 2981619 Urban Redneck
Urban Redneck's picture

damn double taps

Wed, 11/14/2012 - 18:29 | 2981865 Smiddywesson
Smiddywesson's picture

The Federal Housing Administration is expected to report later this week it could exhaust its reserves because of rising mortgage delinquencies, according to people familiar with the matter. 

Well then, it could be worse.  Thank God for that housing recovery the media has been reporting, or is that reporting over now that the election is over?

Wed, 11/14/2012 - 17:13 | 2981541 Saucy-Jack
Saucy-Jack's picture

What happens on Wall Street stays on Wall Street. The greatest casino in the world.

Wed, 11/14/2012 - 17:18 | 2981566 Mr Lennon Hendrix
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I wonder if Whitney and Bernanke ride unicorns together.

Wed, 11/14/2012 - 17:20 | 2981581 buzzsaw99
buzzsaw99's picture

A diabolical portfolio.

Wed, 11/14/2012 - 17:32 | 2981635 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

He would be better off taking Jim Cramer's advice.

Wed, 11/14/2012 - 18:02 | 2981760 Karlus
Karlus's picture

Forgive me, but why do we even care about this guy? What is his YOY return?

 

If its not double digits, can we just never hear about him again?

Wed, 11/14/2012 - 18:10 | 2981796 Randy Goodnight
Randy Goodnight's picture

Tech and Banks.  No Metals??? - Yeah, I want him to manage my money . . . . NOT

Wed, 11/14/2012 - 19:15 | 2981954 jonjon831983
jonjon831983's picture

hmm why is AIG listed twice on this list?

 

2nd stock holding is 19th from the bottom.

Value: 601

Shares&Equiv: 44693

 

Would they have to list as short or long?

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