Chou Associates Management Inc. Long-Term Concentrated

CIK: 0001389403 · Show all filings

Period: Q3 2017 (← Previous) (Next →)

Filing Date: Nov 14, 2017

Total Value ($000): $286,219 (98.3% shares, 1.7% debt)

Holdings (25)

— VALEANT PHARMACEUTICALS INTL 15.3%

Value ($000) $43,762 Shares 3,053,843 Est. Cost $19.37 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 14.4%

Value ($000) $41,211 Shares 150 Est. Cost $165023.42 Unrealized +60.8%

— RESOLUTE FST PRODS INC 8.8%

Value ($000) $25,065 Shares 4,963,423 Est. Cost $12.15 Unrealized —

— WELLS FARGO & CO NEW 7.5%

Value ($000) $21,506 Shares 997,500 Est. Cost $13.67 Unrealized —

SNY SANOFI 7.1%

Value ($000) $20,414 Shares 410,000 Est. Cost $51.51 Unrealized —

— JPMORGAN CHASE & CO 6.9%

Value ($000) $19,783 Shares 366,347 Est. Cost $20.81 Unrealized —

GS GOLDMAN SACHS GROUP INC 6.2%

Value ($000) $17,789 Shares 75,000 Est. Cost $120.06 Unrealized +56.6%

C CITIGROUP INC 5.3%

Value ($000) $15,275 Shares 210,000 Est. Cost $35.76 Unrealized +45.2%

MBI MBIA INC 3.3%

Value ($000) $9,403 Shares 1,080,797 Est. Cost $5.48 Unrealized -20.1%

TEVA TEVA PHARMACEUTICAL INDS LTD 3.1%

Value ($000) $8,888 Shares 505,000 Est. Cost $32.81 Unrealized —

BBBY OVERSTOCK COM INC DEL 3.0%

Value ($000) $8,514 Shares 286,650 Est. Cost $22.28 Unrealized -9.8%

— SEARS HLDGS CORP 2.9%

Value ($000) $8,261 Shares 1,131,610 Est. Cost $32.48 Unrealized —

— ENDO INTL PLC 2.8%

Value ($000) $8,137 Shares 950,000 Est. Cost $11.16 Unrealized —

BB BLACKBERRY LTD 2.1%

Value ($000) $5,915 Shares 529,040 Est. Cost $7.99 Unrealized +17.8%

— BANK AMER CORP 2.0%

Value ($000) $5,784 Shares 436,825 Est. Cost $5.46 Unrealized —

NOK NOKIA CORP 1.8%

Value ($000) $5,083 Shares 850,000 Est. Cost $7.67 Unrealized —

— ASCENT CAP GROUP INC 1.4%

Value ($000) $3,990 Shares 306,000 Est. Cost $15.39 Unrealized —

— SEARS HOMETOWN & OUTLET STOR 1.2%

Value ($000) $3,372 Shares 1,322,209 Est. Cost $16.00 Unrealized —

SD SANDRIDGE ENERGY INC 1.1%

Value ($000) $3,147 Shares 156,623 Est. Cost $20.99 Unrealized -11.6%

— COMPUCREDIT HLDGS CORP 1.0%

Value ($000) $2,799 Shares 5,800,000 Est. Cost $0.44 Unrealized —

— ASCENT CAP GROUP INC 0.8%

Value ($000) $2,151 Shares 2,683,000 Est. Cost $1.01 Unrealized —

RYAAY RYANAIR HLDGS PLC 0.6%

Value ($000) $1,747 Shares 16,575 Est. Cost $86.46 Unrealized —

CYD CHINA YUCHAI INTL LTD 0.6%

Value ($000) $1,633 Shares 73,364 Est. Cost $8.06 Unrealized +58.7%

Value ($000) $1,457 Shares 21,000 Est. Cost $35.05 Unrealized —

— CHICAGO BRIDGE & IRON CO N V 0.4%

Value ($000) $1,133 Shares 67,446 Est. Cost $34.64 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	VALEANT PHARMACEUTICALS INTL	3,053,843	$43,762	15.3%	$19.37	—	COM	91911K102
BRK/A	BERKSHIRE HATHAWAY INC DEL	150	$41,211	14.4%	$165023.42	+60.8%	CL A	084670108
—	RESOLUTE FST PRODS INC	4,963,423	$25,065	8.8%	$12.15	—	COM	76117W109
—	WELLS FARGO & CO NEW	997,500	$21,506	7.5%	$13.67	—	W EXP 10/28/201	949746119
SNY	SANOFI	410,000	$20,414	7.1%	$51.51	—	SPONSORED ADR	80105N105
—	JPMORGAN CHASE & CO	366,347	$19,783	6.9%	$20.81	—	W EXP 10/28/201	46634E114
GS	GOLDMAN SACHS GROUP INC	75,000	$17,789	6.2%	$120.06	+56.6%	COM	38141G104
C	CITIGROUP INC	210,000	$15,275	5.3%	$35.76	+45.2%	COM NEW	172967424
MBI	MBIA INC	1,080,797	$9,403	3.3%	$5.48	-20.1%	COM	55262C100
TEVA	TEVA PHARMACEUTICAL INDS LTD	505,000	$8,888	3.1%	$32.81	—	SPONSORED ADR	881624209
BBBY	OVERSTOCK COM INC DEL	286,650	$8,514	3.0%	$22.28	-9.8%	COM	690370101
—	SEARS HLDGS CORP	1,131,610	$8,261	2.9%	$32.48	—	COM	812350106
—	ENDO INTL PLC	950,000	$8,137	2.8%	$11.16	—	SHS	G30401106
BB	BLACKBERRY LTD	529,040	$5,915	2.1%	$7.99	+17.8%	COM	09228F103
—	BANK AMER CORP	436,825	$5,784	2.0%	$5.46	—	W EXP 01/16/201	060505146
NOK	NOKIA CORP	850,000	$5,083	1.8%	$7.67	—	SPONSORED ADR	654902204
—	ASCENT CAP GROUP INC	306,000	$3,990	1.4%	$15.39	—	COM SER A	043632108
—	SEARS HOMETOWN & OUTLET STOR	1,322,209	$3,372	1.2%	$16.00	—	COM	812362101
SD	SANDRIDGE ENERGY INC	156,623	$3,147	1.1%	$20.99	-11.6%	COM NEW	80007P869
—	COMPUCREDIT HLDGS CORP	5,800,000	$2,799	1.0%	$0.44	—	NOTE 5.875%11/3	20478NAD2
—	ASCENT CAP GROUP INC	2,683,000	$2,151	0.8%	$1.01	—	NOTE 4.000% 7/1	043632AA6
RYAAY	RYANAIR HLDGS PLC	16,575	$1,747	0.6%	$86.46	—	SPONSORED ADR NE	783513203
CYD	CHINA YUCHAI INTL LTD	73,364	$1,633	0.6%	$8.06	+58.7%	COM	G21082105
PKX	POSCO	21,000	$1,457	0.5%	$35.05	—	SPONSORED ADR	693483109
—	CHICAGO BRIDGE & IRON CO N V	67,446	$1,133	0.4%	$34.64	—	COM	167250109