INVESTMENTAKTIENGESELLSCHAFT FUER LANGFRISTIGE INVESTOREN TGV Long-Term Concentrated

CIK: 0001569606 · Show all filings

Period: Q4 2024 (← Previous)

Filing Date: Feb 4, 2025

Total Value ($000): $1,365,577 (100.0% shares, 0.0% debt)

Holdings (21)

Increased Positions (3)

PDD PDD HOLDINGS INC 1.6%

Value ($000) $21,710 (-26.8%) Shares 230,000 (+4.5%) Est. Cost $107.27 Unrealized —

MELI MERCADOLIBRE INC 0.2%

Value ($000) $2,583 (-10.1%) Shares 1,500 (+7.1%) Est. Cost $1114.74 Unrealized +74.7%

NU NU HLDGS LTD 0.1%

Value ($000) $1,544 (+13.1%) Shares 145,000 (+45.0%) Est. Cost $7.14 Unrealized +86.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PDD	PDD HOLDINGS INC	230,000 (+4.5%)	$21,710 (-26.8%)	1.6%	$107.27	—	SPONSORED ADS	722304102
MELI	MERCADOLIBRE INC	1,500 (+7.1%)	$2,583 (-10.1%)	0.2%	$1114.74	+74.7%	COM	58733R102
NU	NU HLDGS LTD	145,000 (+45.0%)	$1,544 (+13.1%)	0.1%	$7.14	+86.3%	ORD SHS CL A	G6683N103

Exited Positions (1)

DIBS 1STDIBS COM INC 0.0%

Value ($000) $176 Shares 40,000 Est. Cost $5.46 Unrealized -25.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DIBS	1STDIBS COM INC	40,000	$176	0.0%	$5.46	-25.9%	—	320551104

Decreased Positions (11)

MSFT MICROSOFT CORP 18.4%

Value ($000) $251,429 (-13.2%) Shares 591,835 (-12.1%) Est. Cost $50.70 Unrealized +733.1%

BRK/A BERKSHIRE HATHAWAY INC DEL 8.7%

Value ($000) $119,349 (-13.7%) Shares 176 (-12.0%) Est. Cost $165973.77 Unrealized +317.3%

IBKR INTERACTIVE BROKERS GROUP IN 1.6%

Value ($000) $22,369 (-36.5%) Shares 125,000 (-50.5%) Est. Cost $21.52 Unrealized +94.5%

CVNA CARVANA CO 5.5%

Value ($000) $75,555 (-13.2%) Shares 358,848 (-28.2%) Est. Cost $130.66 Unrealized +71.9%

GOOGL ALPHABET INC 26.9%

Value ($000) $366,899 (+2.6%) Shares 1,918,525 (-11.1%) Est. Cost $106.85 Unrealized +63.0%

GOOG ALPHABET INC 18.5%

Value ($000) $253,055 (+1.3%) Shares 1,313,275 (-12.1%) Est. Cost $107.76 Unrealized +63.0%

FERG FERGUSON ENTERPRISES INC 0.5%

Value ($000) $7,464 (-25.6%) Shares 43,000 (-14.9%) Est. Cost $197.54 Unrealized -1.5%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.8%

Value ($000) $10,999 (-13.7%) Shares 24,325 (-12.1%) Est. Cost $110.02 Unrealized +319.7%

YUMC YUM CHINA HLDGS INC 1.2%

Value ($000) $16,797 (-6.7%) Shares 350,000 (-12.5%) Est. Cost $33.29 Unrealized +42.5%

PYPL PAYPAL HLDGS INC 0.1%

Value ($000) $1,580 (-13.8%) Shares 18,500 (-21.3%) Est. Cost $74.32 Unrealized +12.9%

SPOT SPOTIFY TECHNOLOGY S A 0.2%

Value ($000) $3,072 (+1.0%) Shares 6,800 (-17.6%) Est. Cost $97.34 Unrealized +339.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	591,835 (-12.1%)	$251,429 (-13.2%)	18.4%	$50.70	+733.1%	COM	594918104
BRK/A	BERKSHIRE HATHAWAY INC DEL	176 (-12.0%)	$119,349 (-13.7%)	8.7%	$165973.77	+317.3%	CL A	084670108
IBKR	INTERACTIVE BROKERS GROUP IN	125,000 (-50.5%)	$22,369 (-36.5%)	1.6%	$21.52	+94.5%	COM CL A	45841N107
CVNA	CARVANA CO	358,848 (-28.2%)	$75,555 (-13.2%)	5.5%	$130.66	+71.9%	CL A	146869102
GOOGL	ALPHABET INC	1,918,525 (-11.1%)	$366,899 (+2.6%)	26.9%	$106.85	+63.0%	CAP STK CL A	02079K305
GOOG	ALPHABET INC	1,313,275 (-12.1%)	$253,055 (+1.3%)	18.5%	$107.76	+63.0%	CAP STK CL C	02079K107
FERG	FERGUSON ENTERPRISES INC	43,000 (-14.9%)	$7,464 (-25.6%)	0.5%	$197.54	-1.5%	COMMON STOCK NEW	31488V107
BRK/B	BERKSHIRE HATHAWAY INC DEL	24,325 (-12.1%)	$10,999 (-13.7%)	0.8%	$110.02	+319.7%	CL B NEW	084670702
YUMC	YUM CHINA HLDGS INC	350,000 (-12.5%)	$16,797 (-6.7%)	1.2%	$33.29	+42.5%	COM	98850P109
PYPL	PAYPAL HLDGS INC	18,500 (-21.3%)	$1,580 (-13.8%)	0.1%	$74.32	+12.9%	COM	70450Y103
SPOT	SPOTIFY TECHNOLOGY S A	6,800 (-17.6%)	$3,072 (+1.0%)	0.2%	$97.34	+339.9%	SHS	L8681T102

Unchanged Positions (7)

WIX WIX COM LTD 4.0%

Value ($000) $54,348 Shares 250,000 Est. Cost $153.16 Unrealized +24.8%

TCX TUCOWS INC 2.4%

Value ($000) $33,382 Shares 2,014,594 Est. Cost $46.58 Unrealized -61.9%

META META PLATFORMS INC 4.5%

Value ($000) $61,489 Shares 104,000 Est. Cost $160.67 Unrealized +263.9%

CACC CREDIT ACCEP CORP MICH 3.1%

Value ($000) $42,707 Shares 92,000 Est. Cost $237.70 Unrealized +95.1%

HTHT H WORLD GROUP LTD 1.0%

Value ($000) $14,134 Shares 430,000 Est. Cost $37.20 Unrealized —

MKL MARKEL CORP 0.3%

Value ($000) $3,537 Shares 2,050 Est. Cost $523.59 Unrealized +216.9%

BNTX BIONTECH SE 0.1%

Value ($000) $1,576 Shares 14,000 Est. Cost $101.96 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WIX	WIX COM LTD	250,000	$54,348	4.0%	$153.16	+24.8%	SHS	M98068105
TCX	TUCOWS INC	2,014,594	$33,382	2.4%	$46.58	-61.9%	COM NEW	898697206
META	META PLATFORMS INC	104,000	$61,489	4.5%	$160.67	+263.9%	CL A	30303M102
CACC	CREDIT ACCEP CORP MICH	92,000	$42,707	3.1%	$237.70	+95.1%	COM	225310101
HTHT	H WORLD GROUP LTD	430,000	$14,134	1.0%	$37.20	—	SPONSORED ADS	44332N106
MKL	MARKEL CORP	2,050	$3,537	0.3%	$523.59	+216.9%	COM	570535104
BNTX	BIONTECH SE	14,000	$1,576	0.1%	$101.96	—	SPONSORED ADS	09075V102