T2 Partners January Letter: Portfolio Update ~ market folly

Thursday, February 9, 2012

T2 Partners January Letter: Portfolio Update

It's been a while since we've checked in on Whitney Tilson and Glenn Tongue's hedge fund T2 Partners so here is their January letter to investors. While they had a horrible year last year (-24.9%), they were up 12.6% in January.

The letter mentions some of their longs: Pep Boys (PBY), Goldman Sachs (GS), Iridium (IRDM), Resource America (REXI), Dell (DELL), Howard Hughes (HHC), Citigroup (C), and Microsoft (MSFT).

Also, they mention they are long SanDisk (SNDK) and bought more after the company provided weak guidance.

T2 Partners also revealed some more of their shorts: Lululemon (LULU), Interoil (IOC), ReachLocal (RLOC), First Solar (FSLR), Green Mountain Coffee Roasters (GMCR), ITT Educational (ESI), and Salesforce.com (CRM).

Their letter also provides more in-depth updates on their positions in Netflix (NFLX) and J.C. Penney (JCP) which you can read below: T2 Partners January letter

For more from this hedge fund, you can view T2's presentation on Berkshire Hathaway and JCP.

And then for presentations from other funds, we posted up Bill Ackman on Canadian Pacific today too.

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