13F filing recap · Q2 2011

What did Chou Associates buy in Q2 2011?

Reported stock-position changes between this filing and the previous one.

Stock value

$371.02M

Positions

Estimated turnover

19.5%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

GSThe Goldman Sachs Group, Inc.$15.30Mreported value+115.0K shares RSHRadioshack Corporation$13.31Mreported value+1.00M shares JPMJPMorgan Chase & Co$10.52Mreported value+780.9K shares GAPGap, Inc$2.42Mreported value+133.7K shares

Increased positions

ABHAbitibibowater Inc$48.59Mreported value+13.1K shares+0.5%BRK.ABerkshire Hathaway Inc$34.83Mreported value+110 shares+57.9%SHLDQSears Holdings Corporation$28.15Mreported value+60.3K shares+18.1%BAC WS ABank of America Corp$24.38Mreported value+200.0K shares

Reduced positions

VRXValeant Pharmaceuticals International, Inc.$11.76Mreported value-100.0K shares-30.6%

Exited positions

ICOInternational Coal Group Inc$4.52Mprior reported value-400.0K shares-100.0%