Chou Associates Management Inc. Long-Term Concentrated

Location: Toronto, Ontario, Canada

CIK: 0001389403 · Show all filings

Period: Q1 2016 (← Previous) (Next →)

Filing Date: May 18, 2016

Total Value: $308M (100.0% shares, 0.0% debt)

Holdings (25)

— ASCENT CAP GROUP INC 12.9%

Value $39.79M Shares 2,683,000 Est. Cost $1.01 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 10.4%

Value $32.06M Shares 150 Est. Cost $165023.42 Unrealized +20.9%

— RESOLUTE FST PRODS INC 8.8%

Value $27.06M Shares 4,904,752 Est. Cost $12.24 Unrealized —

— VALEANT PHARMACEUTICALS INT INC 8.4%

Value $25.73M Shares 976,843 Est. Cost $26.33 Unrealized —

NOK NOKIA CORP 7.2%

Value $22.19M Shares 3,750,000 Est. Cost $7.67 Unrealized —

— ASCENT CAP GROUP INC 6.9%

Value $21.17M Shares 340,000 Est. Cost $26.65 Unrealized —

— JPMORGAN CHASE & CO 6.5%

Value $19.96M Shares 1,126,347 Est. Cost $20.81 Unrealized —

C CITIGROUP INC 5.6%

Value $17.14M Shares 410,000 Est. Cost $35.76 Unrealized -12.6%

SNY SANOFI 5.4%

Value $16.49M Shares 410,000 Est. Cost $51.51 Unrealized —

— SEARS HLDGS CORP 5.1%

Value $15.81M Shares 1,031,610 Est. Cost $39.79 Unrealized —

— WELLS FARGO & CO NEW 5.1%

Value $15.64M Shares 997,500 Est. Cost $13.67 Unrealized —

GS GOLDMAN SACHS GROUP INC 3.8%

Value $11.79M Shares 75,000 Est. Cost $120.06 Unrealized +5.1%

MBI MBIA INC 3.1%

Value $9.578M Shares 1,080,797 Est. Cost $5.48 Unrealized -42.0%

— SEARS HOMETOWN & OUTLET STOR 2.8%

Value $8.5M Shares 1,322,209 Est. Cost $16.00 Unrealized —

BBBY OVERSTOCK COM INC DEL 2.7%

Value $8.384M Shares 582,271 Est. Cost $22.28 Unrealized -41.7%

BB BLACKBERRY LTD 1.4%

Value $4.299M Shares 529,040 Est. Cost $7.99 Unrealized -6.0%

— BANK OF AMERICA CORPORATION 1.1%

Value $3.26M Shares 836,825 Est. Cost $5.46 Unrealized —

— CHICAGO BRIDGE & IRON CO N C 0.8%

Value $2.471M Shares 67,446 Est. Cost $39.68 Unrealized —

SRSCQ SEARS CDA INC 0.7%

Value $2.173M Shares 775,149 Est. Cost $12.48 Unrealized 0.0%

RYAAY RYANAIR HLDGS PLC 0.5%

Value $1.424M Shares 16,575 Est. Cost $86.46 Unrealized —

Value $995K Shares 21,000 Est. Cost $35.05 Unrealized —

AZN ASTRAZENECA PLC 0.2%

Value $730K Shares 13,000 Est. Cost $58.92 Unrealized —

CYD CHINA YUCHAI INTL LTD 0.2%

Value $724K Shares 73,364 Est. Cost $8.06 Unrealized -31.8%

— GLAXOSMITHKLINE PLC 0.1%

Value $366K Shares 18,000 Est. Cost $26.56 Unrealized —

Value $302K Shares 10,000 Est. Cost $41.70 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ASCENT CAP GROUP INC	2,683,000	$39.79M	12.9%	$1.01	—	NOTE 4.000% 7/1	043632AA6
BRK/A	BERKSHIRE HATHAWAY INC DEL	150	$32.06M	10.4%	$165023.42	+20.9%	CL A	084670108
—	RESOLUTE FST PRODS INC	4,904,752	$27.06M	8.8%	$12.24	—	COM	76117W109
—	VALEANT PHARMACEUTICALS INT INC	976,843	$25.73M	8.4%	$26.33	—	COM	91911K102
NOK	NOKIA CORP	3,750,000	$22.19M	7.2%	$7.67	—	SPONSORED ADR	654902204
—	ASCENT CAP GROUP INC	340,000	$21.17M	6.9%	$26.65	—	COM	43632108
—	JPMORGAN CHASE & CO	1,126,347	$19.96M	6.5%	$20.81	—	W EXP 10/28/201	46634E114
C	CITIGROUP INC	410,000	$17.14M	5.6%	$35.76	-12.6%	COM NEW	172967424
SNY	SANOFI	410,000	$16.49M	5.4%	$51.51	—	SPONSORED ADR	80105N105
—	SEARS HLDGS CORP	1,031,610	$15.81M	5.1%	$39.79	—	COM	812350106
—	WELLS FARGO & CO NEW	997,500	$15.64M	5.1%	$13.67	—	W EXP 10/28/201	949746119
GS	GOLDMAN SACHS GROUP INC	75,000	$11.79M	3.8%	$120.06	+5.1%	COM	38141G104
MBI	MBIA INC	1,080,797	$9.578M	3.1%	$5.48	-42.0%	COM	55262C100
—	SEARS HOMETOWN & OUTLET STOR	1,322,209	$8.5M	2.8%	$16.00	—	COM	812362101
BBBY	OVERSTOCK COM INC DEL	582,271	$8.384M	2.7%	$22.28	-41.7%	COM	690370101
BB	BLACKBERRY LTD	529,040	$4.299M	1.4%	$7.99	-6.0%	COM	09228F103
—	BANK OF AMERICA CORPORATION	836,825	$3.26M	1.1%	$5.46	—	W EXP 01/16/201	060505146
—	CHICAGO BRIDGE & IRON CO N C	67,446	$2.471M	0.8%	$39.68	—	COM	16725109
SRSCQ	SEARS CDA INC	775,149	$2.173M	0.7%	$12.48	0.0%	COM	81234D109
RYAAY	RYANAIR HLDGS PLC	16,575	$1.424M	0.5%	$86.46	—	SPONSORED ADR	783513203
PKX	POSCO	21,000	$995K	0.3%	$35.05	—	SPONSORED ADR	693483109
AZN	ASTRAZENECA PLC	13,000	$730K	0.2%	$58.92	—	SPONSORED ADR	046353108
CYD	CHINA YUCHAI INTL LTD	73,364	$724K	0.2%	$8.06	-31.8%	COM	G21082105
—	GLAXOSMITHKLINE PLC	18,000	$366K	0.1%	$26.56	—	SPONSORED ADR	37733W105
BP	BP PLC	10,000	$302K	0.1%	$41.70	—	SPONSORED ADR	055622104