Chou Associates Management Inc. Long-Term Concentrated

CIK: 0001389403 · Show all filings

Period: Q4 2016 (← Previous) (Next →)

Filing Date: Feb 14, 2017

Total Value ($000): $312,739 (97.4% shares, 2.6% debt)

Holdings (28)

— JPMORGAN CHASE & CO 15.9%

Value ($000) $49,863 Shares 1,126,347 Est. Cost $20.81 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 11.7%

Value ($000) $36,618 Shares 150 Est. Cost $165023.42 Unrealized +39.9%

— VALEANT PHARMACEUTICALS INTL 9.1%

Value ($000) $28,471 Shares 1,960,843 Est. Cost $21.75 Unrealized —

— RESOLUTE FST PRODS INC 8.5%

Value ($000) $26,554 Shares 4,963,423 Est. Cost $12.15 Unrealized —

C CITIGROUP INC 7.8%

Value ($000) $24,366 Shares 410,000 Est. Cost $35.76 Unrealized +13.6%

— WELLS FARGO & CO NEW 6.8%

Value ($000) $21,277 Shares 997,500 Est. Cost $13.67 Unrealized —

NOK NOKIA CORP 5.8%

Value ($000) $18,038 Shares 3,750,000 Est. Cost $7.67 Unrealized —

GS GOLDMAN SACHS GROUP INC 5.7%

Value ($000) $17,959 Shares 75,000 Est. Cost $120.06 Unrealized +39.7%

SNY SANOFI 5.3%

Value ($000) $16,580 Shares 410,000 Est. Cost $51.51 Unrealized —

MBI MBIA INC 3.7%

Value ($000) $11,565 Shares 1,080,797 Est. Cost $5.48 Unrealized -26.5%

— SEARS HLDGS CORP 3.4%

Value ($000) $10,513 Shares 1,131,610 Est. Cost $32.48 Unrealized —

BBBY OVERSTOCK COM INC DEL 3.3%

Value ($000) $10,190 Shares 582,271 Est. Cost $22.28 Unrealized -26.5%

— BANK AMER CORP 2.7%

Value ($000) $8,326 Shares 836,825 Est. Cost $5.46 Unrealized —

— SEARS HOMETOWN & OUTLET STOR 2.0%

Value ($000) $6,214 Shares 1,322,209 Est. Cost $16.00 Unrealized —

— ASCENT CAP GROUP INC 1.6%

Value ($000) $4,976 Shares 306,000 Est. Cost $15.39 Unrealized —

— COMPUCREDIT HLDGS CORP 1.2%

Value ($000) $3,647 Shares 7,800,000 Est. Cost $0.44 Unrealized —

BB BLACKBERRY LTD 1.2%

Value ($000) $3,641 Shares 529,040 Est. Cost $7.99 Unrealized -7.0%

— SANDRIDGE ENERGY INC 0.8%

Value ($000) $2,543 Shares 2,033,132 Est. Cost $1.25 Unrealized —

— CHICAGO BRIDGE & IRON CO N V 0.7%

Value ($000) $2,141 Shares 67,446 Est. Cost $34.64 Unrealized —

— ASCENT CAP GROUP INC 0.7%

Value ($000) $2,039 Shares 2,683,000 Est. Cost $1.01 Unrealized —

RYAAY RYANAIR HLDGS PLC 0.4%

Value ($000) $1,380 Shares 16,575 Est. Cost $86.46 Unrealized —

SRSCQ SEARS CDA INC 0.4%

Value ($000) $1,304 Shares 775,149 Est. Cost $12.48 Unrealized -85.0%

SD SANDRIDGE ENERGY INC 0.4%

Value ($000) $1,136 Shares 48,240 Est. Cost $23.46 Unrealized 0.0%

Value ($000) $1,104 Shares 21,000 Est. Cost $35.05 Unrealized —

CYD CHINA YUCHAI INTL LTD 0.3%

Value ($000) $1,013 Shares 73,364 Est. Cost $8.06 Unrealized -8.4%

AZN ASTRAZENECA PLC 0.2%

Value ($000) $711 Shares 13,000 Est. Cost $58.92 Unrealized —

— GLAXOSMITHKLINE PLC 0.1%

Value ($000) $347 Shares 18,000 Est. Cost $26.56 Unrealized —

— GENERAL MTRS CO 0.1%

Value ($000) $223 Shares 13,019 Est. Cost $10.45 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	JPMORGAN CHASE & CO	1,126,347	$49,863	15.9%	$20.81	—	W EXP 10/28/201	46634E114
BRK/A	BERKSHIRE HATHAWAY INC DEL	150	$36,618	11.7%	$165023.42	+39.9%	CL A	084670108
—	VALEANT PHARMACEUTICALS INTL	1,960,843	$28,471	9.1%	$21.75	—	COM	91911K102
—	RESOLUTE FST PRODS INC	4,963,423	$26,554	8.5%	$12.15	—	COM	76117W109
C	CITIGROUP INC	410,000	$24,366	7.8%	$35.76	+13.6%	COM NEW	172967424
—	WELLS FARGO & CO NEW	997,500	$21,277	6.8%	$13.67	—	W EXP 10/28/201	949746119
NOK	NOKIA CORP	3,750,000	$18,038	5.8%	$7.67	—	SPONSORED ADR	654902204
GS	GOLDMAN SACHS GROUP INC	75,000	$17,959	5.7%	$120.06	+39.7%	COM	38141G104
SNY	SANOFI	410,000	$16,580	5.3%	$51.51	—	SPONSORED ADR	80105N105
MBI	MBIA INC	1,080,797	$11,565	3.7%	$5.48	-26.5%	COM	55262C100
—	SEARS HLDGS CORP	1,131,610	$10,513	3.4%	$32.48	—	COM	812350106
BBBY	OVERSTOCK COM INC DEL	582,271	$10,190	3.3%	$22.28	-26.5%	COM	690370101
—	BANK AMER CORP	836,825	$8,326	2.7%	$5.46	—	W EXP 01/16/201	060505146
—	SEARS HOMETOWN & OUTLET STOR	1,322,209	$6,214	2.0%	$16.00	—	COM	812362101
—	ASCENT CAP GROUP INC	306,000	$4,976	1.6%	$15.39	—	COM SER A	043632108
—	COMPUCREDIT HLDGS CORP	7,800,000	$3,647	1.2%	$0.44	—	NOTE 5.875%11/3	20478NAD2
BB	BLACKBERRY LTD	529,040	$3,641	1.2%	$7.99	-7.0%	COM	09228F103
—	SANDRIDGE ENERGY INC	2,033,132	$2,543	0.8%	$1.25	—	NOTE 10/0	80007PBC2
—	CHICAGO BRIDGE & IRON CO N V	67,446	$2,141	0.7%	$34.64	—	COM	167250109
—	ASCENT CAP GROUP INC	2,683,000	$2,039	0.7%	$1.01	—	NOTE 4.000% 7/1	043632AA6
RYAAY	RYANAIR HLDGS PLC	16,575	$1,380	0.4%	$86.46	—	SPONSORED ADR NE	783513203
SRSCQ	SEARS CDA INC	775,149	$1,304	0.4%	$12.48	-85.0%	COM	81234D109
SD	SANDRIDGE ENERGY INC	48,240	$1,136	0.4%	$23.46	0.0%	COM NEW	80007P869
PKX	POSCO	21,000	$1,104	0.4%	$35.05	—	SPONSORED ADR	693483109
CYD	CHINA YUCHAI INTL LTD	73,364	$1,013	0.3%	$8.06	-8.4%	COM	G21082105
AZN	ASTRAZENECA PLC	13,000	$711	0.2%	$58.92	—	SPONSORED ADR	046353108
—	GLAXOSMITHKLINE PLC	18,000	$347	0.1%	$26.56	—	SPONSORED ADR	37733W105
—	GENERAL MTRS CO	13,019	$223	0.1%	$10.45	—	W EXP 07/10/201	37045V126