Francis Chou - Chou Associates Management 13F Activity & Position Changes (Q4 2014)

According to the SEC 13F filed on Aug 12, 2026, the Chou Associates Management portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2014. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q4 2014, the filing reported:

New Buys - None reported

Increases - None reported

Reductions - None reported

Complete Exits - JP Morgan Chase & Co., Lands' End, Inc., Vodafone Group Plc, Verizon Communications Inc.

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q4 2014	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Sell - Position Exit	-1,126,347	-100.0%	$0.00	-
Q4 2014	LE Lands' End, Inc.	Lands' End, Inc.	Sell - Position Exit	-151,696	-100.0%	$0.00	-
Q4 2014	VOD Vodafone Group Plc	Vodafone Group Plc	Sell - Position Exit	-5,454	-100.0%	$0.00	-
Q4 2014	VZ Verizon Communications Inc.	Verizon Communications Inc.	Sell - Position Exit	-2,630	-100.0%	$0.00	-