T2 Partners is out with their January 2012 monthly letter. For the month they returned 12.6%. Suffice it to say Whitney Tilson must be thrilled after a disasterous 2011. They were led by gains in NFLX, PBY, GS, REXI, and JCP.
The letter briefly discusses JCP and NFLX in the appendix.
T2 Accredited Fund letter to investors-Jan 2012