13F filing recap · Q3 2015

What did Chou Associates buy in Q3 2015?

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

Stock value

$291.18M

Positions

Estimated turnover

5.3%

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

PKXPosco Holdings Inc.$736.0Kreported value+21.0K shares

Increased positions

RFPResolute Forest Products Inc$35.59Mreported value+200.0K shares+4.9%ASCMAAscent Capital Group Inc.$8.67Mreported value+176.6K shares+126.1%CYDChina Yuchai International Limited$908.0Kreported value+47.8K shares+187.3%

Reduced positions

NOKNokia Corp$25.43Mreported value-1.25M shares-25.0%