December was a month of more selling for me. I had the opportunity to liquidate some stock in private and newly public holdings for my hedge fund and Social Leverage and so I did.
It feels great to be flush with cash and at – what I believe – an incredibly early point in the cycle of recovery. Not every industry crashed and not every industry has bottomed. It’s a unique investing environment.
I have been asked for my three favorite stocks going in to 2012. They are Google, Intuit and Liveperson ( $goog $intu $lpsn ). I think 2012 is the year of financial uprisings and data. There are a bunch of companies at the guts and the front end of payment systems that are coming into the mainstream. There is Facebook credits. There is Visa and Mastercard giddy with cash and at all-time highs. I expect Google to make a huge push into finance as they did travel and Intuit makes the most sense. If any of these three miscue, they will not be my favorites. I will write about it.
Henry Blodgett sums up how I feel about Google right now and it is my largest position. Dan Frommer sums up how I feel about Apple $AAPL and it is why it reamins the second largest position for me and largest for my kids.
I also own Ariba, Amazon, Apple, Nuance, Rackspace, ARM Holdings, Electronic Arts and Aspen Technology $AZPN and for some reason a little Yahoo (bought last week). As every day creeps by it appears that Yahoo is a company that nobody wants to own. It’s very rare to see such neglect of a global brand. That will change in the first quarter. Will it be a takeunder or takeover is the question.
Today, equities though make up less than 20 percent of my holdings.
I think at some point this year I will be long equities in the 50-70 percent range. I am building lists of companies.
For the first time since 2008, I want to be more invested in stocks than private companies and with the liquidations last month I am in a position to do so.
Because of TechStars, Angellist and my network, it will be harder than ever to sift through great ideas and teams and stay true to my plan set the last few weeks.
May the best ideas with the best prices and teams win!