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Tuesday, January 10, 2012

T2 Partners Year End Letter

T2 Partners is out with their year end letter. For the year they were down 24.9%. They make the argument that they think their underperformance is a temporary phenomenon and they will likely snap back quickly. In 2012 they should be a bit happy that NFLX, which they were formerly short but then turned around and became long on, has run up something like 25% YTD.

He then lists out his largest long and short positions. Appears he is a big bull on JC Penney (JCP) and Citi. Interestingly Ethan Allen is their largest short - they have not discussed this yet publicly.


Tilson Full Year

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