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
- held
- held
- held
- held
- trimmed+0.35
Positions
| BRK.ABerkshire Hathaway Inc. | 21.88% | 150 | $46M | held | — | 23 q |
| 7AB1Resolute Forest Products | 17.29% | 4,571,960 | $36M | held | — | 23 q |
| BHCBausch Health Companies Inc | 14.52% | 1,648,992 | $30M | held | — | 2 q |
| WFCWells Fargo & Co. | 9.55% | 434,542 | $20M | held | — | 2 q |
| SNYSanofi | 6.17% | 298,000 | $13M | trimmed−17% | +0.35 pp | 23 q |
| JPMJPMorgan Chase & Co. | 5.09% | 109,275 | $11M | held | — | 2 q |
| MBIMBIA Inc. | 4.05% | 952,531 | $8M | trimmed−1% | +0.34 pp | 23 q |
| GSGoldman Sachs Group Inc. | 3.98% | 50,000 | $8M | held | — | 23 q |
| DVADaVita Inc. | 3.45% | 140,743 | $7M | held | — | 3 q |
| CCitigroup Inc. | 3.23% | 130,000 | $7M | held | — | 23 q |
| ENDPQEndo International PLC | 3.06% | 880,000 | $6M | held | — | 8 q |
| BBBlackBerry Limited | 1.79% | 529,040 | $4M | held | — | 22 q |
| SAVEQSpirit Airlines, Inc. | 1.38% | 50,000 | $3M | held | — | 3 q |
| SHOSSears Hometown and Outlet Stores, Inc. | 1.32% | 1,301,960 | $3M | trimmed−1% | −0.03 pp | 18 q |
| BACBank of America Corporation | 1.10% | 93,376 | $2M | held | — | 2 q |
| PKXPOSCO Holdings Inc. | 0.55% | 21,000 | $1M | held | — | 14 q |
| CYDChina Yuchai International Ltd. | 0.44% | 73,364 | $913,000 | held | — | 23 q |
| MGAMagna International | 0.43% | 20,000 | $909,000 | new | +0.43 pp | new |
| ALGTAllegiant Travel Company | 0.21% | 4,317 | $433,000 | held | — | 3 q |
| unresolvedFiat Chrysler Automobiles NV s | 0.21% | 30,000 | $434,000 | new | +0.21 pp | new |
| RYAAYRyanair Holdings plc | 0.16% | 4,575 | $326,000 | held | — | 13 q |
| TEVATeva Pharmaceutical Industries Limited | 0.11% | 15,000 | $231,000 | held | — | 8 q |
| ASCMAAscent Capital Group, Inc. Series A | 0.03% | 149,104 | $58,000 | trimmed−44% | −0.14 pp | 11 q |
| SHLDSears Holdings Corp | 0.01% | 99,135 | $27,000 | trimmed−80% | −0.17 pp | 23 q |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| ENDPQ CALL | 49.50% | 700,000 | $5M |
| 7AB1 CALL | 42.25% | 550,000 | $4M |
| SHOS CALL | 8.25% | 400,000 | $852,000 |
Notes
| Issue | % of notes | Principal | Value |
|---|---|---|---|
| Atlanticus Holdings Corp | 100.00% | 4,800,000 | $3M |