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−0.84
- held
- held
- held
- held
Positions
| 7AB1Resolute Forest Products | 28.10% | 3,940,460 | $48M | trimmed−14% | −0.84 pp | 33 q |
| BHCBausch Health Companies Inc | 25.62% | 1,495,000 | $44M | held | — | 12 q |
| BRK.ABerkshire Hathaway Inc. | 24.47% | 100 | $42M | held | — | 33 q |
| WFCWells Fargo & Co. | 4.49% | 169,542 | $8M | held | — | 12 q |
| MBIMBIA Inc. | 3.85% | 599,530 | $7M | held | — | 33 q |
| JPMJPMorgan Chase & Co. | 3.12% | 34,275 | $5M | held | — | 12 q |
| BBBlackBerry Limited | 2.86% | 400,000 | $5M | held | — | 32 q |
| CCitigroup Inc. | 2.39% | 57,695 | $4M | trimmed−15% | −0.46 pp | 33 q |
| GSGoldman Sachs Group Inc. | 1.58% | 7,100 | $3M | trimmed−49% | −1.07 pp | 33 q |
| MGAMagna International | 1.08% | 20,000 | $2M | held | — | 11 q |
| PKXPOSCO Holdings Inc. | 0.94% | 21,000 | $2M | held | — | 24 q |
| CYDChina Yuchai International Ltd. | 0.69% | 73,364 | $1M | held | — | 33 q |
| STLAStellantis N.V. | 0.35% | 30,000 | $591,000 | held | — | 2 q |
| RYAAYRyanair Holdings plc | 0.29% | 4,575 | $495,000 | held | — | 23 q |
| LBTYALiberty Global Ltd. Class A | 0.19% | 12,000 | $326,000 | held | — | 2 q |
| BACBank of America Corporation | — | −8,376 | — | exited | −0.19 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| Resolute Fst Prods Inc CALL | 53.34% | 2,518,500 | $31M |
| Bausch Health Cos Inc CALL | 30.54% | 600,000 | $18M |
| Blackberry Ltd CALL | 8.49% | 400,000 | $5M |
| Mbia Inc CALL | 7.64% | 400,000 | $4M |
Notes