Chou Associates
Picture
Moves
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- added−7.51
- held
- added−2.52
Positions
| Atlanticus Holdings Corpconvertible | 57.56% | 12,300,000 | $498M | new | +57.56 pp | new |
| 7AB1Resolute Forest Products | 6.31% | 4,127,259 | $55M | added+10% | −7.51 pp | 2 q |
| BRK.ABerkshire Hathaway Inc. | 5.91% | 300 | $51M | held | — | 2 q |
| SHLDSears Holdings Corp | 5.54% | 803,526 | $48M | added+18% | −2.52 pp | 2 q |
| unresolvedDell Inc | 3.98% | 2,500,000 | $34M | held | — | 2 q |
| NOKNokia Corporation | 3.77% | 500,000 | $33M | trimmed−90% | −1.47 pp | 2 q |
| SNYSanofi | 2.40% | 410,000 | $21M | held | — | 2 q |
| NXHNeighborhood Intelligence, Inc. | 2.38% | 694,471 | $21M | trimmed−36% | −6.20 pp | 2 q |
| CCitigroup Inc. | 2.30% | 410,000 | $20M | held | — | 2 q |
| unresolvedJpmorgan Chase & Co | 2.18% | 1,126,347 | $19M | held | — | 2 q |
| unresolvedWells Fargo Warrants, 34.01 St | 1.62% | 997,500 | $14M | held | — | 2 q |
| GSGoldman Sachs Group Inc. | 1.37% | 75,000 | $12M | held | — | 2 q |
| unresolvedActavis Inc | 1.28% | 76,705 | $11M | trimmed−59% | −5.28 pp | 2 q |
| MBIMBIA Inc. | 1.28% | 1,080,797 | $11M | held | — | 2 q |
| unresolvedBank Of America Corporation | 0.59% | 836,825 | $5M | held | — | 2 q |
| CHTChunghwa Telecom Co., Ltd | 0.48% | 132,088 | $4M | held | — | 2 q |
| unresolvedRadioshack Corp | 0.31% | 794,071 | $3M | held | — | 2 q |
| unresolvedPrimus Telecommunications Gr | 0.18% | 451,022 | $2M | held | — | 2 q |
| BBBlackBerry Limited | 0.17% | 185,000 | $1M | new | +0.17 pp | new |
| unresolvedRyanair Holdings PLC ADR | 0.10% | 17,000 | $846,000 | trimmed−37% | −0.29 pp | 2 q |
| unresolvedSprint Corporation | 0.08% | 110,770 | $688,000 | new | +0.08 pp | new |
| CYDChina Yuchai International Ltd. | 0.07% | 25,537 | $607,000 | held | — | 2 q |
| BPBP p.l.c. | 0.05% | 10,000 | $420,000 | held | — | 2 q |
| unresolvedVodafone Group PLC New | 0.04% | 10,000 | $352,000 | held | — | 2 q |
| UTSIUTStarcom Holdings Corp (Cayman Islands) | 0.04% | 113,627 | $312,000 | new | +0.04 pp | new |
| unresolvedSprint Nextel Corp | — | −423,200 | — | exited | −0.83 pp | — |
| unresolvedResearch In Motion | — | −185,000 | — | exited | −0.54 pp | — |
| unresolvedUtstarcom Holdings Corp | — | −113,627 | — | exited | −0.08 pp | — |
Other 13(f) securities
Options
Notes
| Issue | % of notes | Principal | Value |
|---|---|---|---|
| Mannkind Corp | 76.60% | 7,300,000 | $723M |
| Level 3 Communications | 23.40% | 1,470,000 | $221M |