Chou Associates Management Inc. Long-Term Concentrated

CIK: 0001389403 · Show all filings

Period: Q3 2014 (← Previous) (Next →)

Filing Date: Nov 13, 2014

Total Value ($000): $394,613 (100.0% shares, 0.0% debt)

Holdings (25)

— RESOLUTE FST PRODS INC 18.3%

Value ($000) $72,234 Shares 4,117,259 Est. Cost $13.24 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 17.6%

Value ($000) $69,627 Shares 300 Est. Cost $165023.42 Unrealized +21.1%

NOK NOKIA CORP 12.0%

Value ($000) $47,450 Shares 5,000,000 Est. Cost $7.67 Unrealized —

SNY SANOFI 6.6%

Value ($000) $25,953 Shares 410,000 Est. Cost $51.51 Unrealized —

JPM JPMORGAN CHASE & CO 6.4%

Value ($000) $25,409 Shares 1,126,347 Est. Cost $41.19 Unrealized +4.7%

C CITIGROUP INC 6.0%

Value ($000) $23,833 Shares 410,000 Est. Cost $35.76 Unrealized +4.6%

— SEARS HLDGS CORP 5.8%

Value ($000) $22,741 Shares 803,526 Est. Cost $44.70 Unrealized —

— WELLS FARGO & CO NEW 5.7%

Value ($000) $22,547 Shares 997,500 Est. Cost $13.67 Unrealized —

— SEARS HOMETOWN & OUTLET STOR 3.9%

Value ($000) $15,478 Shares 890,170 Est. Cost $17.39 Unrealized —

GS GOLDMAN SACHS GROUP INC 3.9%

Value ($000) $15,444 Shares 75,000 Est. Cost $120.06 Unrealized +17.1%

MBI MBIA INC 2.8%

Value ($000) $11,130 Shares 1,080,797 Est. Cost $5.48 Unrealized -21.7%

BBBY OVERSTOCK COM INC DEL 2.8%

Value ($000) $11,012 Shares 582,271 Est. Cost $22.28 Unrealized -24.5%

— BANK OF AMERICA CORPORATION 1.8%

Value ($000) $7,040 Shares 836,825 Est. Cost $5.46 Unrealized —

LE LANDS END INC 1.8%

Value ($000) $6,997 Shares 151,696 Est. Cost $28.56 Unrealized +29.5%

BB BLACKBERRY LTD 1.3%

Value ($000) $5,263 Shares 529,040 Est. Cost $7.99 Unrealized +28.0%

CHT CHUNGHWA TELECOM CO LTD 1.1%

Value ($000) $4,441 Shares 132,088 Est. Cost $32.11 Unrealized —

— ASCENT CAP GROUP INC 0.7%

Value ($000) $2,723 Shares 2,683,000 Est. Cost $1.01 Unrealized —

AZN ASTRAZENECA PLC 0.4%

Value ($000) $1,703 Shares 13,000 Est. Cost $58.92 Unrealized —

— RYANAIR HLDGS PLC 0.3%

Value ($000) $1,076 Shares 17,000 Est. Cost $51.52 Unrealized —

— GLAXOSMITHKLINE PLC 0.2%

Value ($000) $750 Shares 18,000 Est. Cost $26.56 Unrealized —

CYD CHINA YUCHAI INTL LTD 0.1%

Value ($000) $531 Shares 25,537 Est. Cost $7.66 Unrealized +42.9%

Value ($000) $493 Shares 10,000 Est. Cost $41.70 Unrealized —

— UTSTARCOM HOLDINGS CORP 0.1%

Value ($000) $390 Shares 113,627 Est. Cost $2.75 Unrealized —

VOD VODAFONE GROUP PLC NEW 0.1%

Value ($000) $201 Shares 5,454 Est. Cost $36.85 Unrealized —

VZ VERIZON COMMUNICATIONS INC 0.0%

Value ($000) $147 Shares 2,630 Est. Cost $25.87 Unrealized +7.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	RESOLUTE FST PRODS INC	4,117,259	$72,234	18.3%	$13.24	—	COM	76117W109
BRK/A	BERKSHIRE HATHAWAY INC DEL	300	$69,627	17.6%	$165023.42	+21.1%	CL A	084670108
NOK	NOKIA CORP	5,000,000	$47,450	12.0%	$7.67	—	SPONSORED ADR	654902204
SNY	SANOFI	410,000	$25,953	6.6%	$51.51	—	SPONSORED ADR	80105N105
JPM	JPMORGAN CHASE & CO	1,126,347	$25,409	6.4%	$41.19	+4.7%	W EXP 10/28/201	46625H100
C	CITIGROUP INC	410,000	$23,833	6.0%	$35.76	+4.6%	COM NEW	172967424
—	SEARS HLDGS CORP	803,526	$22,741	5.8%	$44.70	—	COM	812350106
—	WELLS FARGO & CO NEW	997,500	$22,547	5.7%	$13.67	—	W EXP 10/28/201	949746119
—	SEARS HOMETOWN & OUTLET STOR	890,170	$15,478	3.9%	$17.39	—	COM	812362101
GS	GOLDMAN SACHS GROUP INC	75,000	$15,444	3.9%	$120.06	+17.1%	COM	38141G104
MBI	MBIA INC	1,080,797	$11,130	2.8%	$5.48	-21.7%	COM	55262C100
BBBY	OVERSTOCK COM INC DEL	582,271	$11,012	2.8%	$22.28	-24.5%	COM	690370101
—	BANK OF AMERICA CORPORATION	836,825	$7,040	1.8%	$5.46	—	W EXP 01/16/201	060505146
LE	LANDS END INC	151,696	$6,997	1.8%	$28.56	+29.5%	COM	51509F105
BB	BLACKBERRY LTD	529,040	$5,263	1.3%	$7.99	+28.0%	COM	09228F103
CHT	CHUNGHWA TELECOM CO LTD	132,088	$4,441	1.1%	$32.11	—	SPON ADR NEW11	17133Q502
—	ASCENT CAP GROUP INC	2,683,000	$2,723	0.7%	$1.01	—	NOTE 4.000% 7/1	043632AA6
AZN	ASTRAZENECA PLC	13,000	$1,703	0.4%	$58.92	—	SPONSORED ADR	046353108
—	RYANAIR HLDGS PLC	17,000	$1,076	0.3%	$51.52	—	SPONSORED ADR	783513104
—	GLAXOSMITHKLINE PLC	18,000	$750	0.2%	$26.56	—	SPONSORED ADR	37733W105
CYD	CHINA YUCHAI INTL LTD	25,537	$531	0.1%	$7.66	+42.9%	COM	G21082105
BP	BP PLC	10,000	$493	0.1%	$41.70	—	SPONSORED ADR	055622104
—	UTSTARCOM HOLDINGS CORP	113,627	$390	0.1%	$2.75	—	SHS NEW	G9310A114
VOD	VODAFONE GROUP PLC NEW	5,454	$201	0.1%	$36.85	—	SPONS ADR NO PAR	92857W308
VZ	VERIZON COMMUNICATIONS INC	2,630	$147	0.0%	$25.87	+7.4%	COM	92343V104