Chou Associates
Picture
Moves
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- held
- held
- held
Positions
| unresolvedValeant Pharmaceuticals Intl | 15.56% | 3,053,843 | $44M | held | — | 7 q |
| BRK.ABerkshire Hathaway Inc. | 14.65% | 150 | $41M | held | — | 18 q |
| 7AB1Resolute Forest Products | 8.91% | 4,963,423 | $25M | held | — | 18 q |
| unresolvedWells Fargo Warrants, 34.01 St | 7.65% | 997,500 | $22M | held | — | 18 q |
| SNYSanofi | 7.26% | 410,000 | $20M | held | — | 18 q |
| unresolvedJpmorgan Chase & Co | 7.03% | 366,347 | $20M | trimmed−42% | −2.89 pp | 12 q |
| GSGoldman Sachs Group Inc. | 6.32% | 75,000 | $18M | held | — | 18 q |
| CCitigroup Inc. | 5.43% | 210,000 | $15M | trimmed−32% | −1.10 pp | 18 q |
| MBIMBIA Inc. | 3.34% | 1,080,797 | $9M | held | — | 18 q |
| TEVATeva Pharmaceutical Industries Limited | 3.16% | 505,000 | $9M | held | — | 3 q |
| NXHNeighborhood Intelligence, Inc. | 3.03% | 286,650 | $9M | trimmed−51% | +0.04 pp | 18 q |
| SHLDSears Holdings Corp | 2.94% | 1,131,610 | $8M | held | — | 18 q |
| ENDPQEndo International PLC | 2.89% | 950,000 | $8M | held | — | 3 q |
| BBBlackBerry Limited | 2.10% | 529,040 | $6M | held | — | 17 q |
| unresolvedBank Of America Corporation | 2.06% | 436,825 | $6M | trimmed−19% | +0.02 pp | 18 q |
| NOKNokia Corporation | 1.81% | 850,000 | $5M | trimmed−32% | −0.61 pp | 18 q |
| ASCMAAscent Capital Group, Inc. Series A | 1.42% | 306,000 | $4M | held | — | 6 q |
| SHOSSears Hometown and Outlet Stores, Inc. | 1.20% | 1,322,209 | $3M | held | — | 13 q |
| SDSandRidge Energy, Inc. | 1.12% | 156,623 | $3M | held | — | 4 q |
| RYAAYRyanair Holdings plc | 0.62% | 16,575 | $2M | held | — | 8 q |
| CYDChina Yuchai International Ltd. | 0.58% | 73,364 | $2M | held | — | 18 q |
| PKXPOSCO Holdings Inc. | 0.52% | 21,000 | $1M | held | — | 9 q |
| unresolvedChicago Bridge & Iron Co N V | 0.40% | 67,446 | $1M | held | — | 6 q |
| SRSCQSears Canada Inc | — | −775,149 | — | exited | −0.17 pp | — |
| unresolvedGeneral Mtrs Co | — | −13,019 | — | exited | −0.07 pp | — |
Other 13(f) securities
Options
Notes
| Issue | % of notes | Principal | Value |
|---|---|---|---|
| Atlanticus Holdings Corp | 56.55% | 5,800,000 | $3M |
| Ascent Capital Group Inc | 43.45% | 2,683,000 | $2M |