Chou Associates
Picture
Moves
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- added+13.06
- held
- added+7.83
- held
- held
Positions
| 7AB1Resolute Forest Products | 19.37% | 4,227,259 | $68M | added+2% | +13.06 pp | 3 q |
| BRK.ABerkshire Hathaway Inc. | 15.27% | 300 | $53M | held | — | 3 q |
| NOKNokia Corporation | 11.60% | 5,000,000 | $41M | added×10.0 | +7.83 pp | 3 q |
| SHLDSears Holdings Corp | 11.27% | 803,526 | $39M | held | — | 3 q |
| SNYSanofi | 6.29% | 410,000 | $22M | held | — | 3 q |
| unresolvedJpmorgan Chase & Co | 6.25% | 1,126,347 | $22M | held | — | 3 q |
| CCitigroup Inc. | 6.11% | 410,000 | $21M | held | — | 3 q |
| NXHNeighborhood Intelligence, Inc. | 5.13% | 582,271 | $18M | trimmed−16% | +2.75 pp | 3 q |
| unresolvedWells Fargo Warrants, 34.01 St | 4.52% | 997,500 | $16M | held | — | 3 q |
| GSGoldman Sachs Group Inc. | 3.80% | 75,000 | $13M | held | — | 3 q |
| MBIMBIA Inc. | 3.69% | 1,080,797 | $13M | held | — | 3 q |
| unresolvedActavis PLC | 1.70% | 35,400 | $6M | new | +1.70 pp | new |
| unresolvedBank Of America Corporation | 1.55% | 836,825 | $5M | held | — | 3 q |
| BBBlackBerry Limited | 1.20% | 529,040 | $4M | added×2.9 | +1.03 pp | 2 q |
| CHTChunghwa Telecom Co., Ltd | 1.17% | 132,088 | $4M | held | — | 3 q |
| unresolvedRyanair Holdings PLC ADR | 0.23% | 17,000 | $798,000 | held | — | 3 q |
| AZNNAstrazeneca Plc-spons ADR | 0.22% | 13,000 | $766,000 | new | +0.22 pp | new |
| CYDChina Yuchai International Ltd. | 0.15% | 25,537 | $533,000 | held | — | 3 q |
| BPBP p.l.c. | 0.14% | 10,000 | $486,000 | held | — | 3 q |
| unresolvedGlaxosmithkline PLC | 0.14% | 18,000 | $478,000 | new | +0.14 pp | new |
| unresolvedVodafone Group PLC New | 0.11% | 10,000 | $393,000 | held | — | 3 q |
| UTSIUTStarcom Holdings Corp (Cayman Islands) | 0.09% | 113,627 | $315,000 | held | — | 2 q |
| Atlanticus Holdings Corpconvertible | — | −12,300,000 | — | exited | −57.56 pp | — |
| unresolvedDell Inc | — | −2,500,000 | — | exited | −3.98 pp | — |
| unresolvedActavis Inc | — | −76,705 | — | exited | −1.28 pp | — |
| unresolvedRadioshack Corp | — | −794,071 | — | exited | −0.31 pp | — |
| unresolvedPrimus Telecommunications Gr | — | −451,022 | — | exited | −0.18 pp | — |
| unresolvedSprint Corporation | — | −110,770 | — | exited | −0.08 pp | — |
Other 13(f) securities
Options
Notes
| Issue | % of notes | Principal | Value |
|---|---|---|---|
| Level 3 Communications | 100.00% | 79,352 | $3M |