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
Positions
| BHCBausch Health Companies Inc | 26.18% | 1,495,000 | $42M | held | — | 13 q |
| BRK.ABerkshire Hathaway Inc. | 25.86% | 100 | $41M | held | — | 34 q |
| 7AB1Resolute Forest Products | 24.68% | 3,299,460 | $39M | trimmed−16% | −3.42 pp | 34 q |
| WFCWells Fargo & Co. | 4.95% | 169,542 | $8M | held | — | 13 q |
| MBIMBIA Inc. | 4.84% | 599,530 | $8M | held | — | 34 q |
| JPMJPMorgan Chase & Co. | 3.53% | 34,275 | $6M | held | — | 13 q |
| CCitigroup Inc. | 2.55% | 57,695 | $4M | held | — | 34 q |
| BBBlackBerry Limited | 2.34% | 382,900 | $4M | trimmed−4% | −0.52 pp | 33 q |
| GSGoldman Sachs Group Inc. | 1.69% | 7,100 | $3M | held | — | 34 q |
| MGAMagna International | 0.95% | 20,000 | $2M | held | — | 12 q |
| PKXPOSCO Holdings Inc. | 0.91% | 21,000 | $1M | held | — | 25 q |
| CYDChina Yuchai International Ltd. | 0.63% | 73,364 | $997,000 | held | — | 34 q |
| STLAStellantis N.V. | 0.36% | 30,000 | $573,000 | held | — | 3 q |
| RYAAYRyanair Holdings plc | 0.32% | 4,575 | $504,000 | held | — | 24 q |
| LBTYALiberty Global Ltd. Class A | 0.23% | 12,000 | $358,000 | held | — | 3 q |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| Resolute Fst Prods Inc CALL | 46.74% | 1,886,000 | $22M |
| Bausch Health Cos Inc CALL | 34.80% | 600,000 | $17M |
| Mbia Inc CALL | 10.70% | 400,000 | $5M |
| Blackberry Ltd CALL | 7.76% | 382,600 | $4M |
Notes