Chou Associates
Picture
Moves
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- held
- added−0.03
- held
Positions
| unresolvedJpmorgan Chase & Co | 16.37% | 1,126,347 | $50M | held | — | 9 q |
| BRK.ABerkshire Hathaway Inc. | 12.03% | 150 | $37M | held | — | 15 q |
| unresolvedValeant Pharmaceuticals Intl | 9.35% | 1,960,843 | $28M | added+36% | −4.05 pp | 4 q |
| 7AB1Resolute Forest Products | 8.72% | 4,963,423 | $27M | added+1% | −0.03 pp | 15 q |
| CCitigroup Inc. | 8.00% | 410,000 | $24M | held | — | 15 q |
| unresolvedWells Fargo Warrants, 34.01 St | 6.99% | 997,500 | $21M | held | — | 15 q |
| NOKNokia Corporation | 5.92% | 3,750,000 | $18M | held | — | 15 q |
| GSGoldman Sachs Group Inc. | 5.90% | 75,000 | $18M | held | — | 15 q |
| SNYSanofi | 5.44% | 410,000 | $17M | held | — | 15 q |
| MBIMBIA Inc. | 3.80% | 1,080,797 | $12M | held | — | 15 q |
| SHLDSears Holdings Corp | 3.45% | 1,131,610 | $11M | trimmed−21% | −2.74 pp | 15 q |
| NXHNeighborhood Intelligence, Inc. | 3.35% | 582,271 | $10M | held | — | 15 q |
| unresolvedBank Of America Corporation | 2.73% | 836,825 | $8M | held | — | 15 q |
| SHOSSears Hometown and Outlet Stores, Inc. | 2.04% | 1,322,209 | $6M | held | — | 10 q |
| ASCMAAscent Capital Group, Inc. Series A | 1.63% | 306,000 | $5M | trimmed−10% | −1.34 pp | 3 q |
| BBBlackBerry Limited | 1.20% | 529,040 | $4M | held | — | 14 q |
| unresolvedChicago Bridge & Iron Co N V | 0.70% | 67,446 | $2M | held | — | 3 q |
| RYAAYRyanair Holdings plc | 0.45% | 16,575 | $1M | held | — | 5 q |
| SRSCQSears Canada Inc | 0.43% | 775,149 | $1M | held | — | 9 q |
| SDSandRidge Energy, Inc. | 0.37% | 48,240 | $1M | new | +0.37 pp | new |
| PKXPOSCO Holdings Inc. | 0.36% | 21,000 | $1M | held | — | 6 q |
| CYDChina Yuchai International Ltd. | 0.33% | 73,364 | $1M | held | — | 15 q |
| AZNNAstrazeneca Plc-spons ADR | 0.23% | 13,000 | $711,000 | held | — | 13 q |
| unresolvedGlaxosmithkline PLC | 0.11% | 18,000 | $347,000 | held | — | 13 q |
| unresolvedGeneral Mtrs Co | 0.07% | 13,019 | $223,000 | held | — | 3 q |
| BPBP p.l.c. | — | −10,182 | — | exited | −0.13 pp | — |
Other 13(f) securities
Options
Notes
| Issue | % of notes | Principal | Value |
|---|---|---|---|
| Atlanticus Holdings Corp | 44.32% | 7,800,000 | $4M |
| Sandridge Energy Inc | 30.90% | 2,033,132 | $3M |
| Ascent Capital Group Inc | 24.78% | 2,683,000 | $2M |