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Over the past decade, Whitney Tilson has been one of the closer followed value fund managers on the Street. Along with John Schwartz, Tilson co-founded the Value Investing Congress. Investors may remember his strong endorsement of Netflix (NFLX) at the last VIC on October 1. NFLX is up 254% since his call.

Tilson disclosed the fund's top long positions in an annual letter to investors sent on January 28. In the letter, he noted his new fund is 62% long. Moving forward, however, Tilson looks to up his long exposure toward 80-100% long in part of an effort to concentrate his investment focus. Tilson plans to send an updated letter early next month, so we'll see if he inches closer to that target. Until then, we wanted to review Kase's top five positions as of January 25, 2013.

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