Insights into Chou RRSP Fund (Trades, Portfolio)'s Strategic Moves in Q4 2024
Chou RRSP Fund (Trades, Portfolio) recently submitted its report for the fourth quarter of 2024, shedding light on its strategic investment decisions during this period. Established on October 30, 1986, the fund is managed by Chou Associates Management Inc. Its primary objective is to achieve long-term capital growth by investing in equity and debt instruments, predominantly within Canadian businesses, but also extending to U.S. and foreign enterprises. The fund's investment strategy is rooted in a value-oriented approach, focusing on the intrinsic strengths of individual companies rather than short-term market fluctuations. Since its inception, the fund has achieved an annual growth rate of 9.7%, outperforming the S&P/TSX's 7.5% annual gain.
Key Position Increases
Chou RRSP Fund (Trades, Portfolio) made notable increases in its holdings, particularly in Interfor Corp (TSX:IFP, Financial). The fund added 16,000 shares, bringing its total to 83,000 shares. This adjustment signifies a substantial 23.88% increase in share count, impacting the current portfolio by 1.55%, with a total value of C$1,393,570.
Summary of Sold Out
During the fourth quarter of 2024, Chou RRSP Fund (Trades, Portfolio) completely exited one of its holdings:
- CI Financial Corp (TSX:CIX, Financial): The fund sold all 28,700 shares, resulting in a -2.32% impact on the portfolio.
Key Position Reduces
Chou RRSP Fund (Trades, Portfolio) also reduced its positions in two stocks, with significant changes as follows:
- Reduced Canfor Pulp Products Inc (TSX:CFX, Financial) by 151,500 shares, marking a -51.55% decrease in shares and a -0.9% impact on the portfolio. The stock traded at an average price of C$0.92 during the quarter, with a return of -14.47% over the past three months and year-to-date.
- Reduced TVA Group Inc (TSX:TVA.B, Financial) by 25,700 shares, resulting in a -48.46% reduction in shares and a -0.17% impact on the portfolio. The stock traded at an average price of C$1.11 during the quarter, with a return of -17.48% over the past three months and year-to-date.
Portfolio Overview
As of the fourth quarter of 2024, Chou RRSP Fund (Trades, Portfolio)'s portfolio comprised 15 stocks. The top holdings included 20.94% in TWC Enterprises Ltd (TSX:TWC, Financial), 20.02% in EXCO Resources Inc (EXCE, Financial), 9.02% in Onex Corp (TSX:ONEX, Financial), 8.05% in Interfor Corp (TSX:IFP, Financial), and 7.87% in Linamar Corp (TSX:LNR, Financial). The holdings are primarily concentrated in six of the eleven industries: Consumer Cyclical, Energy, Basic Materials, Financial Services, Real Estate, and Communication Services.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
