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Chou Associates

Q3 2023 13F · by Francis Chou, portfolio manager

As of
Sep 30, 2023
Filed
Nov 14, 2023
US stock
$75M · prev $79M
Positions
18 · prev 18
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%

Moves

First filing on record. Nothing to compare against.

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 positions81% of US stock

  1. BRK.A Berkshire Hathaway Inc. held held56.7%
  2. BHC Bausch Health Companies Inc held held7.8%
  3. HTZWW Hertz Global Holdings held held6.0%
  4. ALLY Ally Financial Inc. held held5.5%
  5. SYF Synchrony Financial held held4.9%

Positions18 in this filing · 0 exited

BRK.ABerkshire Hathaway Inc.56.66%80$43Mheld—42 q
BHCBausch Health Companies Inc7.83%715,000$6Mheld—21 q
HTZWWHertz Global Holdings6.05%741,583$5Mheld—5 q
ALLYAlly Financial Inc.5.54%155,686$4Mheld—4 q
SYFSynchrony Financial4.89%120,000$4Mheld—4 q
NAVINavient Corporation4.21%183,338$3Mheld—3 q
CCitigroup Inc.3.16%57,695$2Mheld—42 q
LBTYALiberty Global Ltd. Class A2.21%96,823$2Mheld—11 q
BBBlackBerry Limited1.97%312,900$1Mheld—41 q
MBIMBIA Inc.1.92%199,530$1Mheld—42 q
WFCWells Fargo & Co.1.06%19,542$798,486held—21 q
CYDChina Yuchai International Ltd.0.99%73,364$740,976held—42 q
NXHNeighborhood Intelligence, Inc.0.81%38,405$607,567held—6 q
STLAStellantis N.V.0.76%30,000$573,900held—11 q
MGAMagna International0.71%10,000$536,100held—20 q
RYAAYRyanair Holdings plc0.59%4,575$444,735held—32 q
BABAAlibaba Group Holding Limited0.39%3,400$294,916held—2 q
MEOHMethanex Corp0.24%4,000$180,261held—4 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