Chou Associates
Picture
Moves
Options: 2 moves 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−0.18
Positions
| BRK.ABerkshire Hathaway Inc. | 26.75% | 100 | $35M | held | — | 31 q |
| BHCBausch Health Companies Inc | 24.62% | 1,538,992 | $32M | held | — | 10 q |
| 7AB1Resolute Forest Products | 23.00% | 4,571,960 | $30M | held | — | 31 q |
| WFCWells Fargo & Co. | 4.86% | 209,542 | $6M | held | — | 10 q |
| GSGoldman Sachs Group Inc. | 3.65% | 18,000 | $5M | trimmed−10% | −0.18 pp | 31 q |
| JPMJPMorgan Chase & Co. | 3.35% | 34,275 | $4M | held | — | 10 q |
| CCitigroup Inc. | 3.21% | 67,695 | $4M | held | — | 31 q |
| MBIMBIA Inc. | 3.14% | 619,530 | $4M | trimmed−5% | −0.62 pp | 31 q |
| BBBlackBerry Limited | 2.19% | 429,040 | $3M | held | — | 30 q |
| MGAMagna International | 1.09% | 20,000 | $1M | held | — | 9 q |
| PKXPOSCO Holdings Inc. | 1.01% | 21,000 | $1M | held | — | 22 q |
| DVADaVita Inc. | 0.97% | 10,743 | $1M | trimmed−53% | −0.88 pp | 11 q |
| CYDChina Yuchai International Ltd. | 0.92% | 73,364 | $1M | held | — | 31 q |
| BACBank of America Corporation | 0.43% | 18,376 | $557,000 | held | — | 10 q |
| unresolvedFiat Chrysler Automobiles NV s | 0.42% | 30,000 | $543,000 | held | — | 9 q |
| RYAAYRyanair Holdings plc | 0.39% | 4,575 | $503,000 | held | — | 21 q |
| SAVEQSpirit Airlines, Inc. | — | −50,000 | — | exited | −0.77 pp | — |
| ALGTAllegiant Travel Company | — | −4,317 | — | exited | −0.49 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| Resolute Fst Prods Inc CALL | 56.42% | 525,000 | $3M |
| Blackberry Ltd CALL | 43.58% | 400,000 | $3M |
Notes