Chou Associates
Picture
Moves
Options: 1 move on a notional base, in the table below.
The book
- Very concentrated
- Concentrated
- Focused
- Diversified
- Low
- Moderate
- High
Top 5 positions
- trimmed+1.82
- held
- held
Positions
| 7AB1Resolute Forest Products | 18.23% | 4,571,960 | $47M | trimmed−1% | +1.82 pp | 21 q |
| BRK.ABerkshire Hathaway Inc. | 16.30% | 150 | $42M | held | — | 21 q |
| unresolvedValeant Pharmaceuticals Intl | 14.76% | 1,648,992 | $38M | held | — | 10 q |
| unresolvedWells Fargo Warrants, 34.01 St | 8.46% | 997,500 | $22M | held | — | 21 q |
| GSGoldman Sachs Group Inc. | 6.37% | 75,000 | $17M | held | — | 21 q |
| SNYSanofi | 6.32% | 410,000 | $16M | held | — | 21 q |
| CCitigroup Inc. | 5.41% | 210,000 | $14M | held | — | 21 q |
| unresolvedJpmorgan Chase & Co | 4.08% | 166,977 | $11M | held | — | 15 q |
| DVADaVita Inc. | 3.76% | 140,743 | $10M | new | +3.76 pp | new |
| MBIMBIA Inc. | 3.76% | 1,080,797 | $10M | held | — | 21 q |
| ENDPQEndo International PLC | 3.20% | 880,000 | $8M | held | — | 6 q |
| BBBlackBerry Limited | 1.97% | 529,040 | $5M | held | — | 20 q |
| NOKNokia Corporation | 1.44% | 650,000 | $4M | trimmed−24% | −0.56 pp | 21 q |
| SHOSSears Hometown and Outlet Stores, Inc. | 1.07% | 1,322,209 | $3M | held | — | 16 q |
| SHLDSears Holdings Corp | 1.03% | 1,131,610 | $3M | held | — | 21 q |
| unresolvedBank Of America Corporation | 0.94% | 149,476 | $2M | held | — | 21 q |
| SAVEQSpirit Airlines, Inc. | 0.70% | 50,000 | $2M | new | +0.70 pp | new |
| CYDChina Yuchai International Ltd. | 0.61% | 73,364 | $2M | held | — | 21 q |
| PKXPOSCO Holdings Inc. | 0.60% | 21,000 | $2M | held | — | 12 q |
| ASCMAAscent Capital Group, Inc. Series A | 0.33% | 306,000 | $860,000 | held | — | 9 q |
| ALGTAllegiant Travel Company | 0.23% | 4,317 | $600,000 | new | +0.23 pp | new |
| RYAAYRyanair Holdings plc | 0.20% | 4,575 | $523,000 | held | — | 11 q |
| TEVATeva Pharmaceutical Industries Limited | 0.14% | 15,000 | $365,000 | held | — | 6 q |
| NXHNeighborhood Intelligence, Inc. | 0.09% | 6,650 | $224,000 | held | — | 21 q |
| SDSandRidge Energy, Inc. | — | −135,903 | — | exited | −0.85 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| 7AB1 CALL | 100.00% | 150,000 | $2M |
Notes
| Issue | % of notes | Principal | Value |
|---|---|---|---|
| Atlanticus Holdings Corp | 100.00% | 5,300,000 | $3M |