13F filing recap · Q3 2014

What did Chou Associates buy in Q3 2014?

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

Stock value

$394.61M

Positions

Estimated turnover

5.9%

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

SHOSSears Hometown and Outlet Stores, Inc.$15.48Mreported value+890.2K shares ASCMAAscent Capital Group Inc.$2.72Mreported value+2.68M shares

Reduced positions

LELands’ End, Inc.$7.00Mreported value-90.0K shares-37.2%