Chou Associates Management Inc. Long-Term Concentrated

CIK: 0001389403 · Show all filings

Period: Q3 2013 (← Previous) (Next →)

Filing Date: Nov 14, 2013

Total Value ($000): $1,807,818 (47.8% shares, 52.2% debt)

Holdings (27)

— MANNKIND CORP 40.0%

Value ($000) $722,700 Shares 7,300,000 Est. Cost $0.95 Unrealized —

— COMPUCREDIT HLDGS CORP 27.5%

Value ($000) $497,523 Shares 12,300,000 Est. Cost $40.45 Unrealized —

— LEVEL 3 COMMUNICATIONS INC 12.2%

Value ($000) $220,723 Shares 1,470,000 Est. Cost $1.36 Unrealized —

— RESOLUTE FST PRODS INC 3.0%

Value ($000) $54,562 Shares 4,127,259 Est. Cost $13.17 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 2.8%

Value ($000) $51,123 Shares 300 Est. Cost $165023.42 Unrealized +4.8%

— SEARS HLDGS CORP 2.7%

Value ($000) $47,922 Shares 803,526 Est. Cost $44.70 Unrealized —

— DELL INC 1.9%

Value ($000) $34,425 Shares 2,500,000 Est. Cost $13.35 Unrealized —

NOK NOKIA CORP 1.8%

Value ($000) $32,550 Shares 500,000 Est. Cost $3.74 Unrealized —

SNY SANOFI 1.1%

Value ($000) $20,758 Shares 410,000 Est. Cost $51.51 Unrealized —

BBBY OVERSTOCK COM INC DEL 1.1%

Value ($000) $20,605 Shares 694,471 Est. Cost $22.28 Unrealized +35.0%

C CITIGROUP INC 1.1%

Value ($000) $19,889 Shares 410,000 Est. Cost $35.76 Unrealized +5.2%

— JPMORGAN CHASE & CO 1.0%

Value ($000) $18,878 Shares 1,126,347 Est. Cost $15.60 Unrealized —

— WELLS FARGO & CO NEW 0.8%

Value ($000) $14,005 Shares 997,500 Est. Cost $13.67 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.7%

Value ($000) $11,866 Shares 75,000 Est. Cost $120.06 Unrealized +5.9%

MBI MBIA INC 0.6%

Value ($000) $11,057 Shares 1,080,797 Est. Cost $5.48 Unrealized +0.2%

— ACTAVIS INC 0.6%

Value ($000) $11,045 Shares 76,705 Est. Cost $126.22 Unrealized —

— BANK OF AMERICA CORPORATION 0.3%

Value ($000) $5,096 Shares 836,825 Est. Cost $5.46 Unrealized —

CHT CHUNGHWA TELECOM CO LTD 0.2%

Value ($000) $4,171 Shares 132,088 Est. Cost $32.11 Unrealized —

— RADIOSHACK CORP 0.1%

Value ($000) $2,708 Shares 794,071 Est. Cost $3.16 Unrealized —

— PRIMUS TELECOMMUNICATIONS GR 0.1%

Value ($000) $1,529 Shares 451,022 Est. Cost $11.94 Unrealized —

BB BLACKBERRY LTD 0.1%

Value ($000) $1,458 Shares 185,000 Est. Cost $9.71 Unrealized 0.0%

— RYANAIR HLDGS PLC 0.0%

Value ($000) $846 Shares 17,000 Est. Cost $51.52 Unrealized —

— SPRINT CORP 0.0%

Value ($000) $688 Shares 110,770 Est. Cost $6.21 Unrealized —

CYD CHINA YUCHAI INTL LTD 0.0%

Value ($000) $607 Shares 25,537 Est. Cost $7.66 Unrealized +28.5%

Value ($000) $420 Shares 10,000 Est. Cost $41.70 Unrealized —

— VODAFONE GROUP PLC NEW 0.0%

Value ($000) $352 Shares 10,000 Est. Cost $28.70 Unrealized —

— UTSTARCOM HOLDINGS CORP 0.0%

Value ($000) $312 Shares 113,627 Est. Cost $2.75 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	MANNKIND CORP	7,300,000	$722,700	40.0%	$0.95	—	NOTE 3.750%12/1	56400PAA0
—	COMPUCREDIT HLDGS CORP	12,300,000	$497,523	27.5%	$40.45	—	NOTE 5.875%11/3	20478NAD3
—	LEVEL 3 COMMUNICATIONS INC	1,470,000	$220,723	12.2%	$1.36	—	NOTE 6.500%10/0	52729NBR0
—	RESOLUTE FST PRODS INC	4,127,259	$54,562	3.0%	$13.17	—	COM	76117W109
BRK/A	BERKSHIRE HATHAWAY INC DEL	300	$51,123	2.8%	$165023.42	+4.8%	CL A	084670108
—	SEARS HLDGS CORP	803,526	$47,922	2.7%	$44.70	—	COM	812350106
—	DELL INC	2,500,000	$34,425	1.9%	$13.35	—	COM	24702R101
NOK	NOKIA CORP	500,000	$32,550	1.8%	$3.74	—	SPONSORED ADR	654902204
SNY	SANOFI	410,000	$20,758	1.1%	$51.51	—	SPONSORED ADR	80105N105
BBBY	OVERSTOCK COM INC DEL	694,471	$20,605	1.1%	$22.28	+35.0%	COM	690370101
C	CITIGROUP INC	410,000	$19,889	1.1%	$35.76	+5.2%	COM NEW	172967424
—	JPMORGAN CHASE & CO	1,126,347	$18,878	1.0%	$15.60	—	W EXP 10/28/201	46634E114
—	WELLS FARGO & CO NEW	997,500	$14,005	0.8%	$13.67	—	W EXP 10/28/201	949746119
GS	GOLDMAN SACHS GROUP INC	75,000	$11,866	0.7%	$120.06	+5.9%	COM	38141G104
MBI	MBIA INC	1,080,797	$11,057	0.6%	$5.48	+0.2%	COM	55262C100
—	ACTAVIS INC	76,705	$11,045	0.6%	$126.22	—	COM	00507K103
—	BANK OF AMERICA CORPORATION	836,825	$5,096	0.3%	$5.46	—	W EXP 01/16/201	060505146
CHT	CHUNGHWA TELECOM CO LTD	132,088	$4,171	0.2%	$32.11	—	SPON ADR NEW11	17133Q502
—	RADIOSHACK CORP	794,071	$2,708	0.1%	$3.16	—	COM	750438103
—	PRIMUS TELECOMMUNICATIONS GR	451,022	$1,529	0.1%	$11.94	—	COM	741929301
BB	BLACKBERRY LTD	185,000	$1,458	0.1%	$9.71	0.0%	COM	09228F103
—	RYANAIR HLDGS PLC	17,000	$846	0.0%	$51.52	—	SPONSORED ADR	783513104
—	SPRINT CORP	110,770	$688	0.0%	$6.21	—	COM SER 1	85207U105
CYD	CHINA YUCHAI INTL LTD	25,537	$607	0.0%	$7.66	+28.5%	COM	G21082105
BP	BP PLC	10,000	$420	0.0%	$41.70	—	SPONSORED ADR	055622104
—	VODAFONE GROUP PLC NEW	10,000	$352	0.0%	$28.70	—	SPONS ADR NEW	92857W209
—	UTSTARCOM HOLDINGS CORP	113,627	$312	0.0%	$2.75	—	SHS NEW	G9310A114