Insider Monkey has shown that Whitney Tilson’s alpha is about 5 percentage points per year. Tilson’s Focus Fund (TILFX) has a tiny alpha of around 80 basis points per year. Whitney Tilson has a second mutual fund which invests in value stocks that have high dividend yields. TILDX is a non-diversified mutual fund with more than 150% annual turnover and has an expense ratio of almost 2% per year.
In contrast to the Tilson Focus Fund (TILFX), Tilson Dividend Fund (TILDX) isn’t managed by Whitney Tilson. The mutual fund carries Whitney Tilson’s name but its portfolio manager is Malcolm (Zeke) Ashton. Tilson initiated 6 new stock positions in the second quarter, $12.3 Million in Promotora de Informaciones (PRIS), $6 Million in Nelnet (NNI), $5 Million each in Activision Blizzard (ATVI) and Pep Boys Manny Moe (PBY), and $3.3 Million each in Xerox (XRX) and Citigroup (C).