Below is a spreadsheet that highlights the changes to Francis Chou's Chou Associates US long stock portfolio as of Q4 2012. For a look at how his portfolio has progressed, see our previous update:
The portfolio went through several minor adjustments with the total value marginally decreasing from around $396M to around $382M. The only significantly large stake establishment was MBIA Inc. (MBI), a 2.22% of the US long portfolio position. Small positions (<=1%) established this quarter include Blackberry Inc. (BBRY) and Symetra Financial (SYA) and minor stake eliminations include Flagstone Reinsurance (FSR), Gap Inc. (GPS), Office Depot (ODP), SK Telecom (SKM), and Valeant Pharmaceuticals (VRX). Sprint Nextel (S) position was trimmed by one-third to a 3.15% position this quarter. Other stake reductions include marginal reductions in Resolute Forest Products (RFP), a large almost 10% position, Nokia Coporation (NOK), a 5% position, and Media General (MEG), a minute 0.25% position.
The portfolio went through several minor adjustments with the total value marginally decreasing from around $396M to around $382M. The only significantly large stake establishment was MBIA Inc. (MBI), a 2.22% of the US long portfolio position. Small positions (<=1%) established this quarter include Blackberry Inc. (BBRY) and Symetra Financial (SYA) and minor stake eliminations include Flagstone Reinsurance (FSR), Gap Inc. (GPS), Office Depot (ODP), SK Telecom (SKM), and Valeant Pharmaceuticals (VRX). Sprint Nextel (S) position was trimmed by one-third to a 3.15% position this quarter. Other stake reductions include marginal reductions in Resolute Forest Products (RFP), a large almost 10% position, Nokia Coporation (NOK), a 5% position, and Media General (MEG), a minute 0.25% position.
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