Chou Associates
Picture
Moves
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- held
- held
Positions
| unresolvedValeant Pharmaceuticals Intl | 16.64% | 3,053,843 | $53M | added+30% | +7.88 pp | 6 q |
| BRK.ABerkshire Hathaway Inc. | 12.03% | 150 | $38M | held | — | 17 q |
| unresolvedJpmorgan Chase & Co | 9.92% | 626,347 | $32M | held | — | 11 q |
| unresolvedWells Fargo Warrants, 34.01 St | 6.97% | 997,500 | $22M | held | — | 17 q |
| 7AB1Resolute Forest Products | 6.88% | 4,963,423 | $22M | held | — | 17 q |
| CCitigroup Inc. | 6.53% | 310,000 | $21M | trimmed−24% | −1.74 pp | 17 q |
| SNYSanofi | 6.19% | 410,000 | $20M | held | — | 17 q |
| TEVATeva Pharmaceutical Industries Limited | 5.28% | 505,000 | $17M | added×2.3 | +2.95 pp | 2 q |
| GSGoldman Sachs Group Inc. | 5.24% | 75,000 | $17M | held | — | 17 q |
| ENDPQEndo International PLC | 3.34% | 950,000 | $11M | held | — | 2 q |
| MBIMBIA Inc. | 3.21% | 1,080,797 | $10M | held | — | 17 q |
| SHLDSears Holdings Corp | 3.16% | 1,131,610 | $10M | held | — | 17 q |
| NXHNeighborhood Intelligence, Inc. | 2.99% | 582,271 | $10M | held | — | 17 q |
| NOKNokia Corporation | 2.42% | 1,250,000 | $8M | trimmed−55% | −2.61 pp | 17 q |
| unresolvedBank Of America Corporation | 2.04% | 536,825 | $6M | held | — | 17 q |
| BBBlackBerry Limited | 1.66% | 529,040 | $5M | held | — | 16 q |
| ASCMAAscent Capital Group, Inc. Series A | 1.48% | 306,000 | $5M | held | — | 5 q |
| SHOSSears Hometown and Outlet Stores, Inc. | 1.12% | 1,322,209 | $4M | held | — | 12 q |
| SDSandRidge Energy, Inc. | 0.85% | 156,623 | $3M | held | — | 3 q |
| RYAAYRyanair Holdings plc | 0.56% | 16,575 | $2M | held | — | 7 q |
| unresolvedChicago Bridge & Iron Co N V | 0.42% | 67,446 | $1M | held | — | 5 q |
| CYDChina Yuchai International Ltd. | 0.42% | 73,364 | $1M | held | — | 17 q |
| PKXPOSCO Holdings Inc. | 0.41% | 21,000 | $1M | held | — | 8 q |
| SRSCQSears Canada Inc | 0.17% | 775,149 | $529,000 | held | — | 11 q |
| unresolvedGeneral Mtrs Co | 0.07% | 13,019 | $226,000 | held | — | 5 q |
Other 13(f) securities
Options
Notes
| Issue | % of notes | Principal | Value |
|---|---|---|---|
| Atlanticus Holdings Corp | 57.03% | 5,800,000 | $3M |
| Ascent Capital Group Inc | 42.97% | 2,683,000 | $2M |