We sold two positions. Madison Square Garden (MSG, Financial)'s share price approached our appraisal, helping to make it a large contributor year-to-date. We made 114% on the investment during the two years that we held it. The company's multi-year arena renovation has been successful, and the increased value of the television rights for the Knicks and Rangers became clearer.
From Mason Hawkins' semi-annual 2013 report.
From Mason Hawkins' semi-annual 2013 report.
