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
| BRK.ABerkshire Hathaway Inc. | 39.48% | 100 | $41M | held | — | 37 q |
| 7AB1Resolute Forest Products | 38.14% | 3,096,460 | $40M | held | — | 37 q |
| BHCBausch Health Companies Inc | 5.77% | 715,000 | $6M | trimmed−7% | −7.14 pp | 16 q |
| JPMJPMorgan Chase & Co. | 2.64% | 24,275 | $3M | held | — | 16 q |
| CCitigroup Inc. | 2.56% | 57,695 | $3M | held | — | 37 q |
| MBIMBIA Inc. | 2.38% | 199,530 | $2M | trimmed−67% | −4.43 pp | 37 q |
| GSGoldman Sachs Group Inc. | 2.04% | 7,100 | $2M | held | — | 37 q |
| BBBlackBerry Limited | 1.99% | 382,900 | $2M | held | — | 36 q |
| NXHNeighborhood Intelligence, Inc. | 1.06% | 44,021 | $1M | new | +1.06 pp | new |
| PKXPOSCO Holdings Inc. | 0.90% | 21,000 | $935,000 | new | +0.90 pp | new |
| WFCWells Fargo & Co. | 0.74% | 19,542 | $765,000 | held | — | 16 q |
| CYDChina Yuchai International Ltd. | 0.62% | 73,364 | $647,000 | held | — | 37 q |
| MGAMagna International | 0.53% | 10,000 | $549,000 | trimmed−50% | −0.42 pp | 15 q |
| STLAStellantis N.V. | 0.36% | 30,000 | $371,000 | held | — | 6 q |
| RYAAYRyanair Holdings plc | 0.30% | 4,575 | $308,000 | held | — | 27 q |
| GNUSGenius Brands International | 0.25% | 341,303 | $258,000 | new | +0.25 pp | new |
| LBTYALiberty Global Ltd. Class A | 0.24% | 12,000 | $253,000 | held | — | 6 q |
Other 13(f) securities
Options
| Contract | % of notional | Shares | Notional |
|---|---|---|---|
| Resolute Fst Prods Inc CALL | 86.05% | 2,425,000 | $31M |
| Bausch Health Cos Inc CALL | 13.95% | 600,000 | $5M |
Notes