13F filing recap · Q4 2011

What did Chou Associates buy in Q4 2011?

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

Stock value

$306.39M

Positions

Estimated turnover

10.6%

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

UTSIUtstarcom Holdings Corp.$1.72Mreported value+1.25M shares

Increased positions

SHLDQSears Holdings Corporation$18.55Mreported value+100.0K shares+20.7%BAC WS ABank of America Corp$18.08Mreported value+2.55M shares+39.9%RSHRadioshack Corporation$12.56Mreported value+294.1K shares+29.4%CCitigroup Inc$10.79Mreported value+194.8K shares

Reduced positions

ABHAbitibibowater Inc$38.69Mreported value-34.7K shares-1.3%MEGMedia General Inc$3.58Mreported value-69.9K shares-7.4%

Exited positions

MNKDMannkind Corporation$9.24Mprior reported value-2.44M shares-100.0%GCIGannett Co. Inc.$3.08Mprior reported value-323.0K shares-100.0%UTSIUtstarcom Inc$1.27Mprior reported value-1.25M shares-100.0%CRYPCryptologic Limited$50.0Kprior reported value-45.1K shares