The latest 13F filing for Q4 from Chou Associates, which is run by Francis Chou, shows that between Q3 and Q4, assets under management have fallen from $548.25M to $352.19M.
Francis Chou is a fund manager and an example of a classic rags-to-riches story. Read about him on ValueWalk here.
Major fund divestments
During the fourth quarter, Chou Associates disposed off the following stocks:
Dell Inc. (NASDAQ:DELL)
MannKind Corporation (NASDAQ:MNKD)
PRIMUS TELECOM GROUP (OTCMKTS:PMUGW)
RadioShack Corporation (NYSE:RSH)
Sprint Corporation (NYSE:S)
Compucredit Hldgs Corp
The above holdings aggregated $125.96M when valued at the end of the third quarter.
Holdings reduced
Chou Associates cut back on holdings in Overstock.com, Inc. (NASDAQ:OSTK), Actavis plc (NYSE:ACT) and Level 3 Communications, Inc. (NYSE:LVLT).
New investments
The fund made...
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