Chou Associates
Picture
Moves
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- held
- held
- held
Positions
| unresolvedValeant Pharmaceuticals Intl | 13.40% | 1,446,843 | $36M | held | — | 3 q |
| BRK.ABerkshire Hathaway Inc. | 12.24% | 150 | $32M | held | — | 14 q |
| unresolvedJpmorgan Chase & Co | 10.47% | 1,126,347 | $28M | held | — | 8 q |
| 7AB1Resolute Forest Products | 8.75% | 4,904,752 | $23M | held | — | 14 q |
| NOKNokia Corporation | 8.19% | 3,750,000 | $22M | held | — | 14 q |
| CCitigroup Inc. | 7.31% | 410,000 | $19M | held | — | 14 q |
| SHLDSears Holdings Corp | 6.19% | 1,431,610 | $16M | held | — | 14 q |
| SNYSanofi | 5.91% | 410,000 | $16M | held | — | 14 q |
| unresolvedWells Fargo Warrants, 34.01 St | 4.70% | 997,500 | $12M | held | — | 14 q |
| GSGoldman Sachs Group Inc. | 4.56% | 75,000 | $12M | held | — | 14 q |
| NXHNeighborhood Intelligence, Inc. | 3.37% | 582,271 | $9M | held | — | 14 q |
| MBIMBIA Inc. | 3.18% | 1,080,797 | $8M | held | — | 14 q |
| ASCMAAscent Capital Group, Inc. Series A | 2.97% | 340,000 | $8M | held | — | 2 q |
| SHOSSears Hometown and Outlet Stores, Inc. | 2.46% | 1,322,209 | $7M | held | — | 9 q |
| BBBlackBerry Limited | 1.59% | 529,040 | $4M | held | — | 13 q |
| unresolvedBank Of America Corporation | 1.46% | 836,825 | $4M | held | — | 14 q |
| SRSCQSears Canada Inc | 0.72% | 775,149 | $2M | held | — | 8 q |
| unresolvedChicago Bridge & Iron Co N V | 0.71% | 67,446 | $2M | held | — | 2 q |
| RYAAYRyanair Holdings plc | 0.47% | 16,575 | $1M | held | — | 4 q |
| PKXPOSCO Holdings Inc. | 0.40% | 21,000 | $1M | held | — | 5 q |
| AZNNAstrazeneca Plc-spons ADR | 0.32% | 13,000 | $843,000 | held | — | 12 q |
| CYDChina Yuchai International Ltd. | 0.30% | 73,364 | $796,000 | held | — | 14 q |
| unresolvedGlaxosmithkline PLC | 0.14% | 18,000 | $383,000 | held | — | 12 q |
| BPBP p.l.c. | 0.13% | 10,000 | $352,000 | held | — | 14 q |
| unresolvedGeneral Mtrs Co | 0.07% | 13,019 | $182,000 | held | — | 2 q |
| Atlanticus Holdings Corpconvertible | — | −7,800,000 | — | exited | −1.31 pp | — |
| Ascent Capital Group Incconvertible | — | −2,683,000 | — | exited | −0.58 pp | — |
Other 13(f) securities
Options
Notes
| Issue | % of notes | Principal | Value |
|---|---|---|---|
| Atlanticus Holdings Corp | 63.15% | 7,800,000 | $3M |
| Ascent Capital Group Inc | 36.85% | 2,683,000 | $2M |