Below is a spreadsheet that highlights the changes to Francis Chou's
Chou Associates US long stock portfolio as of Q3 2013. For a look at how
his portfolio has progressed, see our previous update:
The significant purchases this quarter were a ~10% stake increase in Resolute Forest Products (RFP) and a ~18% stake increase in Sears (SHLD). Francis Chou has been bullish on RFP since 2010 when the company was named Abitibibowater and his average cost-basis is much higher. Sears is a very long term holding that has been in the portfolio for over 8 years. Chou also reduced significantly his holdings in Actavis (ACT), Overstock (OSTK), and Sprint Nextel (S) this quarter.
To learn more about how to profit from a strategy of cloning hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .
The significant purchases this quarter were a ~10% stake increase in Resolute Forest Products (RFP) and a ~18% stake increase in Sears (SHLD). Francis Chou has been bullish on RFP since 2010 when the company was named Abitibibowater and his average cost-basis is much higher. Sears is a very long term holding that has been in the portfolio for over 8 years. Chou also reduced significantly his holdings in Actavis (ACT), Overstock (OSTK), and Sprint Nextel (S) this quarter.
To learn more about how to profit from a strategy of cloning hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .
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