13F filing recap · Q3 2011

What did Chou Associates buy in Q3 2011?

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

Stock value

$325.05M

Positions

Estimated turnover

16.5%

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

CCitigroup Inc$5.51Mreported value+215.2K shares PTGIPrimus Telecommunications Group Inc$4.79Mreported value+451.0K shares CHTChunghwa Telecom Co., Ltd.$4.36Mreported value+132.1K shares QXMQiao Xing Mobile Communication Co Ltd$733.0Kreported value+732.6K shares CYDChina Yuchai International Limited$371.0Kreported value+25.4K shares

Increased positions

ABHAbitibibowater Inc$40.40Mreported value+300.0K shares+12.5%SHLDQSears Holdings Corporation$27.82Mreported value+89.7K shares+22.8%OSTKOverstock.com Inc$21.42Mreported value+90.5K shares+4.1%BAC WS ABank of America Corp$17.34Mreported value+2.00M shares

Reduced positions

VRXValeant Pharmaceuticals International, Inc.$4.69Mreported value-100.0K shares-44.2%CRYPCryptologic Limited$50.0Kreported value-14.9K shares-24.8%

Exited positions

CHTChunghwa Telecom Co., Ltd.$4.56Mprior reported value-132.1K shares-100.0%