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Chou Associates

Q2 2023 13F · by Francis Chou, portfolio manager

As of
Jun 30, 2023
Filed
Aug 11, 2023
US stock
$79M · prev $72M
Positions
18 · prev 17
Options notional
$0
Documents
1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

  • US stock listed on a US exchange 100.0%
  • Foreign stock not listed in the US 0.0%
  • Notes debt, at principal 0.0%
  • Puts at notional value 0.0%
  • Calls at notional value 0.0%

Moves1 since the prior filing

The book

Very concentrated · behaves like 3 equal-sized positions

  1. Very concentrated
  2. Concentrated
  3. Focused
  4. Diversified

Low turnover · 0.0% a year

  1. Low
  2. Moderate
  3. High

Top 5 positions80% of US stock

  1. BRK.A Berkshire Hathaway Inc. held held52.5%
  2. HTZWW Hertz Global Holdings held held9.5%
  3. BHC Bausch Health Companies Inc held held7.2%
  4. ALLY Ally Financial Inc. held held5.3%
  5. SYF Synchrony Financial held held5.2%

Positions18 in this filing · 0 exited

BRK.ABerkshire Hathaway Inc.52.47%80$41Mheld—41 q
HTZWWHertz Global Holdings9.48%741,583$7Mheld—4 q
BHCBausch Health Companies Inc7.24%715,000$6Mheld—20 q
ALLYAlly Financial Inc.5.33%155,686$4Mheld—3 q
SYFSynchrony Financial5.16%120,000$4Mheld—3 q
NAVINavient Corporation4.31%183,338$3Mheld—2 q
CCitigroup Inc.3.36%57,695$3Mheld—41 q
BBBlackBerry Limited2.20%312,900$2Mheld—40 q
MBIMBIA Inc.2.18%199,530$2Mheld—41 q
LBTYALiberty Global Ltd. Class A2.07%96,823$2Mheld—10 q
NXHNeighborhood Intelligence, Inc.1.58%38,405$1Mheld—5 q
WFCWells Fargo & Co.1.06%19,542$834,052held—20 q
CYDChina Yuchai International Ltd.0.98%73,364$770,322held—41 q
MGAMagna International0.71%10,000$564,400held—19 q
STLAStellantis N.V.0.67%30,000$526,200held—10 q
RYAAYRyanair Holdings plc0.64%4,575$505,995held—31 q
BABAAlibaba Group Holding Limited0.36%3,400$283,390new+0.36 ppnew
MEOHMethanex Corp0.21%4,000$165,284held—3 q

Source

Form
13F-HR
Reading
0 defects · 0 unresolved
Options
none in this filing
Notes
none in this filing
SEC cross-check
SEC data set not published yet