$223 Million is the total value of Chou Associates Management's 28 reported holdings in Q4 2018. The portfolio turnover from Q3 2018 to Q4 2018 was 12.0% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BRKA | BERKSHIRE HATHAWAY INC DELcl a | $45,900,000 | -4.4% | 150 | 0.0% | 20.61% | +27.8% | |
| RFP | RESOLUTE FST PRODS INC | $36,256,000 | -38.8% | 4,571,960 | 0.0% | 16.28% | -18.2% | |
| BHC | BAUSCH HEALTH COS INC | $30,457,000 | -28.0% | 1,648,992 | 0.0% | 13.67% | -3.8% | |
| WFC | WELLS FARGO CO NEW | $20,024,000 | -12.3% | 434,542 | 0.0% | 8.99% | +17.2% | |
| SNY | Sell | SANOFIsponsored adr | $12,936,000 | -19.6% | 298,000 | -17.2% | 5.81% | +7.5% |
| JPM | JPMORGAN CHASE & CO | $10,667,000 | -13.5% | 109,275 | 0.0% | 4.79% | +15.6% | |
| MBI | Sell | MBIA INC | $8,497,000 | -17.0% | 952,531 | -0.6% | 3.82% | +10.9% |
| GS | GOLDMAN SACHS GROUP INC | $8,352,000 | -25.5% | 50,000 | 0.0% | 3.75% | -0.4% | |
| DVA | DAVITA INC | $7,243,000 | -28.2% | 140,743 | 0.0% | 3.25% | -4.0% | |
| C | CITIGROUP INC | $6,768,000 | -27.4% | 130,000 | 0.0% | 3.04% | -3.0% | |
| ENDP | ENDO INTL PLC | $6,424,000 | -56.6% | 880,000 | 0.0% | 2.88% | -42.0% | |
| ENDP | ENDO INTL PLCcall | $5,110,000 | -56.6% | 700,000 | 0.0% | 2.29% | -42.0% | |
| RFP | RESOLUTE FST PRODS INCcall | $4,361,000 | -38.8% | 550,000 | 0.0% | 1.96% | -18.2% | |
| BB | BLACKBERRY LTD | $3,763,000 | -37.2% | 529,040 | 0.0% | 1.69% | -16.1% | |
| SAVE | SPIRIT AIRLS INC | $2,896,000 | +23.3% | 50,000 | 0.0% | 1.30% | +64.8% | |
| SHOS | Sell | SEARS HOMETOWN & OUTLET STOR | $2,773,000 | -25.8% | 1,301,960 | -0.8% | 1.24% | -0.9% |
| COMPUCREDIT HLDGS CORPnote 5.875%11/3 | $2,664,000 | +3.9% | 4,800,000 | 0.0% | 1.20% | +38.9% | ||
| BAC | BANK AMER CORP | $2,301,000 | -16.4% | 93,376 | 0.0% | 1.03% | +11.8% | |
| PKX | POSCOsponsored adr | $1,154,000 | -16.7% | 21,000 | 0.0% | 0.52% | +11.2% | |
| CYD | CHINA YUCHAI INTL LTD | $913,000 | -27.9% | 73,364 | 0.0% | 0.41% | -3.8% | |
| MGA | New | MAGNA INTL INC | $909,000 | – | 20,000 | +100.0% | 0.41% | – |
| SHOS | New | SEARS HOMETOWN & OUTLET STORcall | $852,000 | – | 400,000 | +100.0% | 0.38% | – |
| FCAU | New | FIAT CHRYSLER AUTOMOBILES N | $434,000 | – | 30,000 | +100.0% | 0.20% | – |
| ALGT | ALLEGIANT TRAVEL CO | $433,000 | -20.8% | 4,317 | 0.0% | 0.19% | +5.4% | |
| RYAAY | RYANAIR HLDGS PLCsponsored adr ne | $326,000 | -25.7% | 4,575 | 0.0% | 0.15% | -0.7% | |
| TEVA | TEVA PHARMACEUTICAL INDS LTDsponsored adr | $231,000 | -28.5% | 15,000 | 0.0% | 0.10% | -4.6% | |
| ASCMA | Sell | ASCENT CAP GROUP INC | $58,000 | -87.8% | 149,104 | -44.4% | 0.03% | -83.6% |
| SHLDQ | Sell | SEARS HLDGS CORP | $27,000 | -94.5% | 99,135 | -80.4% | 0.01% | -92.7% |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2019-02-14
About Chou Associates Management
Chou Associates Management is a well-known investment management firm that was founded by Francis Chou in 1981. The company is headquartered in Toronto, Canada, and has a reputation for its value investing approach. Chou Associates Management is known for its long-term investment strategy, which focuses on buying undervalued stocks and holding them for an extended period.
Francis Chou, the founder of the company, is a well-respected figure in the investment community. He is known for his disciplined approach to investing and his ability to identify undervalued companies. Chou is the Chief Investment Officer of the company and is responsible for overseeing the investment strategy.
Chou Associates Management has a team of experienced professionals who work together to identify investment opportunities. The company's investment philosophy is based on the principles of value investing, which involves buying stocks that are trading at a discount to their intrinsic value.
The company's portfolio is diversified across various sectors, including technology, healthcare, and financials. Some of the top holdings in the portfolio include Berkshire Hathaway, Wells Fargo, and Microsoft.
Overall, Chou Associates Management is a reputable investment management firm that has a long track record of success. The company's disciplined approach to investing and its focus on value investing make it an attractive option for investors who are looking for a long-term investment strategy.
It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.
Top long-term holdings
| Name | Quarters owned | Latest quarter owned | Max weighting |
|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | 42 | Q3 2023 | 56.7% |
| CITIGROUP INC | 42 | Q3 2023 | 8.1% |
| MBIA INC | 42 | Q3 2023 | 5.0% |
| CHINA YUCHAI INTL LTD | 42 | Q3 2023 | 1.3% |
| BLACKBERRY LTD | 41 | Q3 2023 | 2.6% |
| RESOLUTE FST PRODS INC | 39 | Q4 2022 | 28.5% |
| GOLDMAN SACHS GROUP INC | 38 | Q3 2022 | 8.2% |
| RYANAIR HOLDINGS PLC | 32 | Q3 2023 | 0.6% |
| SANOFI | 28 | Q1 2020 | 7.5% |
| POSCO HOLDINGS INC | 28 | Q3 2022 | 1.0% |
View Chou Associates Management's complete holdings history.
Latest significant ownerships (13-D/G)
| Filed | Shares | Percentage | |
|---|---|---|---|
| Resolute Forest Products Inc. | April 13, 2020 | ? | ? |
| Ascent Capital Group, Inc. | February 13, 2017 | 517,319 | 4.3% |
| Resolute Forest Products Inc. | February 13, 2017 | 7,190,395 | 8.0% |
| SEARS HOMETOWN & OUTLET STORES, INC. | February 16, 2016 | 1,519,222 | 6.7% |
| OVERSTOCK.COM, INC | February 13, 2014 | 597,271 | 2.5% |
| MCCLATCHY COSold out | February 15, 2013 | 0 | 0.0% |
| MEDIA GENERAL INC | February 12, 2010 | 949,082 | 4.3% |
View Chou Associates Management's complete significant-ownership history.
Latest filings
| Type | Filed |
|---|---|
| 13F-HR | 2024-02-14 |
| 13F-HR | 2023-11-14 |
| 13F-HR | 2023-08-14 |
| 13F-HR | 2023-05-15 |
| 13F-HR | 2023-02-14 |
| 13F-HR | 2022-11-15 |
| 13F-HR | 2022-08-15 |
| 13F-HR | 2022-05-16 |
| 13F-HR | 2022-02-14 |
| 13F-HR | 2021-11-15 |
View Chou Associates Management's complete filings history.
All filings
- Holdings (13F-HR)
- Significant ownership (13-D/G)
- Insider transactions (4, 5, 6)
- Events (8-K)
- Shareholder votes (proxy)
View complete filings history.