Matthew 25 Management Corp Long-Term Concentrated

CIK: 0001351431 · Show all filings

Period: Q4 2013 (← Previous) (Next →)

Filing Date: Feb 14, 2014

Total Value ($000): $801,115,336 (100.0% shares, 0.0% debt)

Holdings (28)

AAPL Apple, Inc. 13.3%

Value ($000) $106,593,800 Shares 190,000 Est. Cost $13.59 Unrealized +20.5%

— Cabela's Inc. 7.5%

Value ($000) $60,327,300 Shares 905,000 Est. Cost $18665.63 Unrealized —

MA Mastercard Inc. 5.7%

Value ($000) $45,950,300 Shares 55,000 Est. Cost $51.54 Unrealized +34.0%

FDX FedEx Corporation 5.5%

Value ($000) $44,424,930 Shares 309,000 Est. Cost $82.63 Unrealized +35.7%

— Google, Inc. 5.5%

Value ($000) $43,707,690 Shares 39,000 Est. Cost $110592.96 Unrealized —

BDN Brandywine Realty Trust 5.4%

Value ($000) $43,256,300 Shares 3,070,000 Est. Cost $2827.19 Unrealized —

— Scripps Networks Interactive, Inc 5.4%

Value ($000) $43,205,000 Shares 500,000 Est. Cost $10303.45 Unrealized —

PII Polaris Industries, Inc. 5.2%

Value ($000) $41,507,400 Shares 285,000 Est. Cost $90.50 Unrealized +47.9%

— KKR & Co. LP 5.2%

Value ($000) $41,378,000 Shares 1,700,000 Est. Cost $1731.16 Unrealized —

TELFY Telefonica SA 5.1%

Value ($000) $41,095,100 Shares 2,515,000 Est. Cost $2419.87 Unrealized —

GS Goldman Sachs Group, Inc. 5.1%

Value ($000) $41,035,690 Shares 231,500 Est. Cost $121.61 Unrealized +7.5%

JPM JP Morgan Chase & Co 4.8%

Value ($000) $38,450,600 Shares 657,500 Est. Cost $39.00 Unrealized +1.6%

BRK/A Berkshire Hathaway Inc. Class A 4.5%

Value ($000) $36,291,600 Shares 204 Est. Cost $166293.98 Unrealized +4.3%

CAT Caterpillar, Inc. 3.6%

Value ($000) $28,605,150 Shares 315,000 Est. Cost $61.62 Unrealized +1.7%

EWBC East West Bancorp, Inc. 2.9%

Value ($000) $23,604,750 Shares 675,000 Est. Cost $19.15 Unrealized +34.8%

KELYA Kelly Services, Inc. 2.6%

Value ($000) $20,862,310 Shares 836,500 Est. Cost $15.22 Unrealized +22.3%

HAL Halliburton Co. 2.3%

Value ($000) $18,777,500 Shares 370,000 Est. Cost $34.09 Unrealized +21.1%

— Kansas City Southern 2.0%

Value ($000) $16,159,815 Shares 130,500 Est. Cost $4710.54 Unrealized —

DVN Devon Energy Corporation 1.8%

Value ($000) $14,384,775 Shares 232,500 Est. Cost $37.33 Unrealized +9.9%

— Southwestern Energy Co. 1.5%

Value ($000) $12,369,285 Shares 314,500 Est. Cost $845.45 Unrealized —

PNC The PNC Financial Services Group, Inc. 1.5%

Value ($000) $11,637,000 Shares 150,000 Est. Cost $51.41 Unrealized +0.9%

— Biglari Holdings Inc. 1.2%

Value ($000) $9,925,584 Shares 19,591 Est. Cost $81237.79 Unrealized —

SJM JM Smucker Co. 1.0%

Value ($000) $8,289,600 Shares 80,000 Est. Cost $70.84 Unrealized +5.2%

KMI Kinder Morgan, Inc. 0.5%

Value ($000) $4,140,000 Shares 115,000 Est. Cost $20.38 Unrealized -6.5%

— JP Morgan Chase & Co. 0.3%

Value ($000) $2,481,920 Shares 128,000 Est. Cost $46268.15 Unrealized —

— K12, Inc. 0.2%

Value ($000) $1,848,750 Shares 85,000 Est. Cost $21750.00 Unrealized —

— Kinder Morgan Inc. Warrant 0.1%

Value ($000) $532,672 Shares 131,200 Est. Cost $5.12 Unrealized —

KELYB Kelly Services, Inc. 0.0%

Value ($000) $272,515 Shares 10,940 Est. Cost $16.28 Unrealized +13.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	Apple, Inc.	190,000	$106,593,800	13.3%	$13.59	+20.5%	COM	037833100
—	Cabela's Inc.	905,000	$60,327,300	7.5%	$18665.63	—	COM	126804301
MA	Mastercard Inc.	55,000	$45,950,300	5.7%	$51.54	+34.0%	CLA	57636Q104
FDX	FedEx Corporation	309,000	$44,424,930	5.5%	$82.63	+35.7%	COM	31428X106
—	Google, Inc.	39,000	$43,707,690	5.5%	$110592.96	—	CLA	38259P508
BDN	Brandywine Realty Trust	3,070,000	$43,256,300	5.4%	$2827.19	—	COM	105368203
—	Scripps Networks Interactive, Inc	500,000	$43,205,000	5.4%	$10303.45	—	COM	811065101
PII	Polaris Industries, Inc.	285,000	$41,507,400	5.2%	$90.50	+47.9%	COM	731068102
—	KKR & Co. LP	1,700,000	$41,378,000	5.2%	$1731.16	—	COM	48248M102
TELFY	Telefonica SA	2,515,000	$41,095,100	5.1%	$2419.87	—	ADR	879382208
GS	Goldman Sachs Group, Inc.	231,500	$41,035,690	5.1%	$121.61	+7.5%	COM	38141G104
JPM	JP Morgan Chase & Co	657,500	$38,450,600	4.8%	$39.00	+1.6%	COM	46625H100
BRK/A	Berkshire Hathaway Inc. Class A	204	$36,291,600	4.5%	$166293.98	+4.3%	CLA	084670108
CAT	Caterpillar, Inc.	315,000	$28,605,150	3.6%	$61.62	+1.7%	COM	149123101
EWBC	East West Bancorp, Inc.	675,000	$23,604,750	2.9%	$19.15	+34.8%	COM	27579R104
KELYA	Kelly Services, Inc.	836,500	$20,862,310	2.6%	$15.22	+22.3%	CLA	488152208
HAL	Halliburton Co.	370,000	$18,777,500	2.3%	$34.09	+21.1%	COM	406216101
—	Kansas City Southern	130,500	$16,159,815	2.0%	$4710.54	—	COM	485170302
DVN	Devon Energy Corporation	232,500	$14,384,775	1.8%	$37.33	+9.9%	COM	25179M103
—	Southwestern Energy Co.	314,500	$12,369,285	1.5%	$845.45	—	COM	845467109
PNC	The PNC Financial Services Group, Inc.	150,000	$11,637,000	1.5%	$51.41	+0.9%	COM	693475105
—	Biglari Holdings Inc.	19,591	$9,925,584	1.2%	$81237.79	—	COM	08986R101
SJM	JM Smucker Co.	80,000	$8,289,600	1.0%	$70.84	+5.2%	COM	832696405
KMI	Kinder Morgan, Inc.	115,000	$4,140,000	0.5%	$20.38	-6.5%	COM	49456B101
—	JP Morgan Chase & Co.	128,000	$2,481,920	0.3%	$46268.15	—	W EXP	46634E114
—	K12, Inc.	85,000	$1,848,750	0.2%	$21750.00	—	COM	48273U102
—	Kinder Morgan Inc. Warrant	131,200	$532,672	0.1%	$5.12	—	W EXP	49456B119
KELYB	Kelly Services, Inc.	10,940	$272,515	0.0%	$16.28	+13.8%	CLB	488152307