Chou Associates Management Inc. Long-Term Concentrated

Location: Toronto, Ontario, Canada

CIK: 0001389403 · Show all filings

Period: Q4 2016 (← Previous) (Next →)

Filing Date: Feb 14, 2017

Total Value: $313M (97.4% shares, 2.6% debt)

Holdings (28)

— JPMORGAN CHASE & CO 15.9%

Value $49.86M Shares 1,126,347 Est. Cost $20.81 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 11.7%

Value $36.62M Shares 150 Est. Cost $165023.42 Unrealized +39.9%

— VALEANT PHARMACEUTICALS INTL 9.1%

Value $28.47M Shares 1,960,843 Est. Cost $21.75 Unrealized —

— RESOLUTE FST PRODS INC 8.5%

Value $26.55M Shares 4,963,423 Est. Cost $12.15 Unrealized —

C CITIGROUP INC 7.8%

Value $24.37M Shares 410,000 Est. Cost $35.76 Unrealized +13.6%

— WELLS FARGO & CO NEW 6.8%

Value $21.28M Shares 997,500 Est. Cost $13.67 Unrealized —

NOK NOKIA CORP 5.8%

Value $18.04M Shares 3,750,000 Est. Cost $7.67 Unrealized —

GS GOLDMAN SACHS GROUP INC 5.7%

Value $17.96M Shares 75,000 Est. Cost $120.06 Unrealized +39.7%

SNY SANOFI 5.3%

Value $16.58M Shares 410,000 Est. Cost $51.51 Unrealized —

MBI MBIA INC 3.7%

Value $11.56M Shares 1,080,797 Est. Cost $5.48 Unrealized -26.5%

— SEARS HLDGS CORP 3.4%

Value $10.51M Shares 1,131,610 Est. Cost $32.48 Unrealized —

BBBY OVERSTOCK COM INC DEL 3.3%

Value $10.19M Shares 582,271 Est. Cost $22.28 Unrealized -26.5%

— BANK AMER CORP 2.7%

Value $8.326M Shares 836,825 Est. Cost $5.46 Unrealized —

— SEARS HOMETOWN & OUTLET STOR 2.0%

Value $6.214M Shares 1,322,209 Est. Cost $16.00 Unrealized —

— ASCENT CAP GROUP INC 1.6%

Value $4.976M Shares 306,000 Est. Cost $15.39 Unrealized —

— COMPUCREDIT HLDGS CORP 1.2%

Value $3.647M Shares 7,800,000 Est. Cost $0.44 Unrealized —

BB BLACKBERRY LTD 1.2%

Value $3.641M Shares 529,040 Est. Cost $7.99 Unrealized -7.0%

— SANDRIDGE ENERGY INC 0.8%

Value $2.543M Shares 2,033,132 Est. Cost $1.25 Unrealized —

— CHICAGO BRIDGE & IRON CO N V 0.7%

Value $2.141M Shares 67,446 Est. Cost $34.64 Unrealized —

— ASCENT CAP GROUP INC 0.7%

Value $2.039M Shares 2,683,000 Est. Cost $1.01 Unrealized —

RYAAY RYANAIR HLDGS PLC 0.4%

Value $1.38M Shares 16,575 Est. Cost $86.46 Unrealized —

SRSCQ SEARS CDA INC 0.4%

Value $1.304M Shares 775,149 Est. Cost $12.48 Unrealized -85.0%

SD SANDRIDGE ENERGY INC 0.4%

Value $1.136M Shares 48,240 Est. Cost $23.46 Unrealized 0.0%

Value $1.104M Shares 21,000 Est. Cost $35.05 Unrealized —

CYD CHINA YUCHAI INTL LTD 0.3%

Value $1.013M Shares 73,364 Est. Cost $8.06 Unrealized -8.4%

AZN ASTRAZENECA PLC 0.2%

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

— GLAXOSMITHKLINE PLC 0.1%

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

— GENERAL MTRS CO 0.1%

Value $223K Shares 13,019 Est. Cost $10.45 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	JPMORGAN CHASE & CO	1,126,347	$49.86M	15.9%	$20.81	—	W EXP 10/28/201	46634E114
BRK/A	BERKSHIRE HATHAWAY INC DEL	150	$36.62M	11.7%	$165023.42	+39.9%	CL A	084670108
—	VALEANT PHARMACEUTICALS INTL	1,960,843	$28.47M	9.1%	$21.75	—	COM	91911K102
—	RESOLUTE FST PRODS INC	4,963,423	$26.55M	8.5%	$12.15	—	COM	76117W109
C	CITIGROUP INC	410,000	$24.37M	7.8%	$35.76	+13.6%	COM NEW	172967424
—	WELLS FARGO & CO NEW	997,500	$21.28M	6.8%	$13.67	—	W EXP 10/28/201	949746119
NOK	NOKIA CORP	3,750,000	$18.04M	5.8%	$7.67	—	SPONSORED ADR	654902204
GS	GOLDMAN SACHS GROUP INC	75,000	$17.96M	5.7%	$120.06	+39.7%	COM	38141G104
SNY	SANOFI	410,000	$16.58M	5.3%	$51.51	—	SPONSORED ADR	80105N105
MBI	MBIA INC	1,080,797	$11.56M	3.7%	$5.48	-26.5%	COM	55262C100
—	SEARS HLDGS CORP	1,131,610	$10.51M	3.4%	$32.48	—	COM	812350106
BBBY	OVERSTOCK COM INC DEL	582,271	$10.19M	3.3%	$22.28	-26.5%	COM	690370101
—	BANK AMER CORP	836,825	$8.326M	2.7%	$5.46	—	W EXP 01/16/201	060505146
—	SEARS HOMETOWN & OUTLET STOR	1,322,209	$6.214M	2.0%	$16.00	—	COM	812362101
—	ASCENT CAP GROUP INC	306,000	$4.976M	1.6%	$15.39	—	COM SER A	043632108
—	COMPUCREDIT HLDGS CORP	7,800,000	$3.647M	1.2%	$0.44	—	NOTE 5.875%11/3	20478NAD2
BB	BLACKBERRY LTD	529,040	$3.641M	1.2%	$7.99	-7.0%	COM	09228F103
—	SANDRIDGE ENERGY INC	2,033,132	$2.543M	0.8%	$1.25	—	NOTE 10/0	80007PBC2
—	CHICAGO BRIDGE & IRON CO N V	67,446	$2.141M	0.7%	$34.64	—	COM	167250109
—	ASCENT CAP GROUP INC	2,683,000	$2.039M	0.7%	$1.01	—	NOTE 4.000% 7/1	043632AA6
RYAAY	RYANAIR HLDGS PLC	16,575	$1.38M	0.4%	$86.46	—	SPONSORED ADR NE	783513203
SRSCQ	SEARS CDA INC	775,149	$1.304M	0.4%	$12.48	-85.0%	COM	81234D109
SD	SANDRIDGE ENERGY INC	48,240	$1.136M	0.4%	$23.46	0.0%	COM NEW	80007P869
PKX	POSCO	21,000	$1.104M	0.4%	$35.05	—	SPONSORED ADR	693483109
CYD	CHINA YUCHAI INTL LTD	73,364	$1.013M	0.3%	$8.06	-8.4%	COM	G21082105
AZN	ASTRAZENECA PLC	13,000	$711K	0.2%	$58.92	—	SPONSORED ADR	046353108
—	GLAXOSMITHKLINE PLC	18,000	$347K	0.1%	$26.56	—	SPONSORED ADR	37733W105
—	GENERAL MTRS CO	13,019	$223K	0.1%	$10.45	—	W EXP 07/10/201	37045V126