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Value Guru Francis Chou Reports Q2 Portfolio

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gurufocus

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Canadian Value Guru Francis Chou reported his second quarter portfolio. Headquartered in Toronto, Ontario, Chou’s firm, Chou Associates Management offers five distinctive funds to their clients. To learn more about Francis Chou, please read Francis Chou – The Investment Guru That You Never Heard Of.

Francis Chou buys The Goldman Sachs Group Inc., Radioshack Corp., Berkshire Hathaway Inc. Cl A, Jpmorgan Chase & Co. Wt, Sears Holdings Corp., Gap Inc., Bank Of America Warrants, sells Valeant Pharmaceuticals International Inc., International Coal Group Inc. during the 3-months ended 06/30/2011, according to the most recent filings of his investment company, Chou Associates Management. As of 06/30/2011, Chou Associates Management owns 32 stocks with a total value of $442 million. These are the details of the buys and sells.

This is the portfolio chart of Francis Chou. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



For the details of Francis Chou's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Francis+Chou

This is the sector weightings of his portfolio:

Not Assigned 21.5%
Consumer Services 20%
Health Care 18.4%
Financials 14.2%
Telecommunications 9.3%
Technology 0.5%
Oil & Gas 0.1%


These are the top 5 holdings of Francis Chou

  1. AbitibiBowater (ABH) - 2,393,549 shares, 10.994% of the total portfolio. Shares added by 0.55%
  2. Watson Pharmaceuticals Inc. (WPI) - 635,400 shares, 9.8812% of the total portfolio.
  3. Berkshire Hathaway Inc. Cl A (BRK.A) - 300 shares, 7.881% of the total portfolio. Shares added by 57.89%
  4. Overstock.com Inc. (OSTK) - 2,219,709 shares, 7.6441% of the total portfolio.
  5. Sprint Nextel (S) - 6,123,200 shares, 7.4676% of the total portfolio.


Added: Berkshire Hathaway Inc. Cl A (BRK.A)

Francis Chou added to his holdings in Berkshire Hathaway Inc. Cl A by 57.89%. His purchase prices were between $110700 and $125360, with an estimated average price of $118427. The impact to his portfolio due to this purchase was 2.89%. His holdings were 300 shares as of 06/30/2011.

Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway Inc. Cl A has a market cap of $177.33 billion; its shares were traded at around $107100 with a P/E ratio of 14.65 and P/S ratio of 1.3. Berkshire Hathaway Inc. Cl A had an annual average earnings growth of 18.2% over the past 10 years.

Added: Sears Holdings Corp. (SHLD)

Francis Chou added to his holdings in Sears Holdings Corp. by 18.06%. His purchase prices were between $66.45 and $87.26, with an estimated average price of $75.18. The impact to his portfolio due to this purchase was 0.97%. His holdings were 393,977 shares as of 06/30/2011.

Sears Holdings Corporation, the parent of Kmart and Sears, Roebuck and Co. Sears Holdings Corp. has a market cap of $6.54 billion; its shares were traded at around $62.32 with a P/E ratio of 506.25 and P/S ratio of 0.15. Sears Holdings Corp. had an annual average earnings growth of 8.7% over the past 10 years.

Added: Bank Of America Warrants (BAC.WS.A)

Francis Chou added to his holdings in Bank Of America Warrants by 4.76%. His purchase prices were between $5.34 and $7.79, with an estimated average price of $6.47. The impact to his portfolio due to this purchase was 0.25%. His holdings were 4,400,000 shares as of 06/30/2011.

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New Purchase: The Goldman Sachs Group Inc. (GS)

Francis Chou initiated holdings in The Goldman Sachs Group Inc.. His purchase prices were between $129.26 and $161.89, with an estimated average price of $144. The impact to his portfolio due to this purchase was 3.46%. His holdings were 115,000 shares as of 06/30/2011.

Goldman Sachs is a global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments, and high net worth individuals. The Goldman Sachs Group Inc. has a market cap of $60.3 billion; its shares were traded at around $118.1 with a P/E ratio of 11.44 and P/S ratio of 1.54. The dividend yield of The Goldman Sachs Group Inc. stocks is 1.2%. The Goldman Sachs Group Inc. had an annual average earnings growth of 9.8% over the past 10 years.

New Purchase: Radioshack Corp. (RSH)

Francis Chou initiated holdings in Radioshack Corp.. His purchase prices were between $12.49 and $16.52, with an estimated average price of $14.91. The impact to his portfolio due to this purchase was 3.01%. His holdings were 1,000,000 shares as of 06/30/2011.

RadioShack Corporation is one of the nation's largest and most trusted consumer electronics retailers in the United States, and offers both on- and off-line shopping convenience. Radioshack Corp. has a market cap of $1.33 billion; its shares were traded at around $12.65 with a P/E ratio of 8.18 and P/S ratio of 0.3. The dividend yield of Radioshack Corp. stocks is 2%. Radioshack Corp. had an annual average earnings growth of 1.2% over the past 10 years.

New Purchase: Jpmorgan Chase & Co. Wt (JPM.WS)

Francis Chou initiated holdings in Jpmorgan Chase & Co. Wt. His purchase prices were between $12.6 and $17.55, with an estimated average price of $14.83. The impact to his portfolio due to this purchase was 2.38%. His holdings were 780,913 shares as of 06/30/2011.

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New Purchase: Gap Inc. (GPS)

Francis Chou initiated holdings in Gap Inc.. His purchase prices were between $17.49 and $23.29, with an estimated average price of $20.58. The impact to his portfolio due to this purchase was 0.55%. His holdings were 133,700 shares as of 06/30/2011.

The Gap, Inc. is a global specialty retailer which operates stores selling casual apparel, personal care and other accessories for men, women and children under the Gap, Banana Republic and Old Navy brands. Gap Inc. has a market cap of $9.08 billion; its shares were traded at around $16.3 with a P/E ratio of 8.96 and P/S ratio of 0.62. The dividend yield of Gap Inc. stocks is 2.73%. Gap Inc. had an annual average earnings growth of 15.4% over the past 10 years. GuruFocus rated Gap Inc. the business predictability rank of 3.5-star.

Reduced: Valeant Pharmaceuticals International Inc. (VRX)

Francis Chou reduced to his holdings in Valeant Pharmaceuticals International Inc. by 30.64%. His sale prices were between $48.24 and $54.05, with an estimated average price of $51.71. The impact to his portfolio due to this sale was -1.24%. Francis Chou still held 226,377 shares as of 06/30/2011.

Valeant Pharmaceuticals International, Inc. is a pharmaceutical company that develops, manufactures and markets a broad range of pharmaceutical products primarily in the areas of neurology, dermatology and branded generics. Valeant Pharmaceuticals International Inc. has a market cap of $12.01 billion; its shares were traded at around $38.68 with a P/E ratio of 28.99 and P/S ratio of 10.17.

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gurufocus
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