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−1.32
Positions
| BRK.ABerkshire Hathaway Inc. | 39.06% | 100 | $53M | held | — | 36 q |
| 7AB1Resolute Forest Products | 29.52% | 3,096,460 | $40M | held | — | 36 q |
| BHCBausch Health Companies Inc | 12.91% | 765,000 | $17M | held | — | 15 q |
| MBIMBIA Inc. | 6.81% | 599,530 | $9M | held | — | 36 q |
| JPMJPMorgan Chase & Co. | 2.44% | 24,275 | $3M | trimmed−29% | −1.32 pp | 15 q |
| CCitigroup Inc. | 2.28% | 57,695 | $3M | held | — | 36 q |
| BBBlackBerry Limited | 2.10% | 382,900 | $3M | held | — | 35 q |
| GSGoldman Sachs Group Inc. | 1.73% | 7,100 | $2M | held | — | 36 q |
| MGAMagna International | 0.95% | 20,000 | $1M | held | — | 14 q |
| WFCWells Fargo & Co. | 0.70% | 19,542 | $947,000 | held | — | 15 q |
| CYDChina Yuchai International Ltd. | 0.63% | 73,364 | $855,000 | held | — | 36 q |
| STLAStellantis N.V. | 0.36% | 30,000 | $488,000 | held | — | 5 q |
| RYAAYRyanair Holdings plc | 0.29% | 4,575 | $399,000 | held | — | 26 q |
| LBTYALiberty Global Ltd. Class A | 0.23% | 12,000 | $306,000 | held | — | 5 q |
| PKXPOSCO Holdings Inc. | — | −21,000 | — | exited | −0.85 pp | — |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| Resolute Fst Prods Inc CALL | 59.60% | 2,425,000 | $31M |
| Bausch Health Cos Inc CALL | 26.10% | 600,000 | $14M |
| Mbia Inc CALL | 11.72% | 400,000 | $6M |
| Blackberry Ltd CALL | 2.58% | 182,600 | $1M |
Notes