Chou Associates Management Inc. Long-Term Concentrated

Location: Toronto, Ontario, Canada

CIK: 0001389403 · Show all filings

Period: Q3 2017 (← Previous) (Next →)

Filing Date: Nov 14, 2017

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

Holdings (25)

— VALEANT PHARMACEUTICALS INTL 15.3%

Value $43.76M Shares 3,053,843 Est. Cost $19.37 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 14.4%

Value $41.21M Shares 150 Est. Cost $165023.42 Unrealized +60.8%

— RESOLUTE FST PRODS INC 8.8%

Value $25.07M Shares 4,963,423 Est. Cost $12.15 Unrealized —

— WELLS FARGO & CO NEW 7.5%

Value $21.51M Shares 997,500 Est. Cost $13.67 Unrealized —

SNY SANOFI 7.1%

Value $20.41M Shares 410,000 Est. Cost $51.51 Unrealized —

— JPMORGAN CHASE & CO 6.9%

Value $19.78M Shares 366,347 Est. Cost $20.81 Unrealized —

GS GOLDMAN SACHS GROUP INC 6.2%

Value $17.79M Shares 75,000 Est. Cost $120.06 Unrealized +56.6%

C CITIGROUP INC 5.3%

Value $15.28M Shares 210,000 Est. Cost $35.76 Unrealized +45.2%

MBI MBIA INC 3.3%

Value $9.403M Shares 1,080,797 Est. Cost $5.48 Unrealized -20.1%

TEVA TEVA PHARMACEUTICAL INDS LTD 3.1%

Value $8.888M Shares 505,000 Est. Cost $32.81 Unrealized —

BBBY OVERSTOCK COM INC DEL 3.0%

Value $8.514M Shares 286,650 Est. Cost $22.28 Unrealized -9.8%

— SEARS HLDGS CORP 2.9%

Value $8.261M Shares 1,131,610 Est. Cost $32.48 Unrealized —

— ENDO INTL PLC 2.8%

Value $8.137M Shares 950,000 Est. Cost $11.16 Unrealized —

BB BLACKBERRY LTD 2.1%

Value $5.915M Shares 529,040 Est. Cost $7.99 Unrealized +17.8%

— BANK AMER CORP 2.0%

Value $5.784M Shares 436,825 Est. Cost $5.46 Unrealized —

NOK NOKIA CORP 1.8%

Value $5.083M Shares 850,000 Est. Cost $7.67 Unrealized —

— ASCENT CAP GROUP INC 1.4%

Value $3.99M Shares 306,000 Est. Cost $15.39 Unrealized —

— SEARS HOMETOWN & OUTLET STOR 1.2%

Value $3.372M Shares 1,322,209 Est. Cost $16.00 Unrealized —

SD SANDRIDGE ENERGY INC 1.1%

Value $3.147M Shares 156,623 Est. Cost $20.99 Unrealized -11.6%

— COMPUCREDIT HLDGS CORP 1.0%

Value $2.799M Shares 5,800,000 Est. Cost $0.44 Unrealized —

— ASCENT CAP GROUP INC 0.8%

Value $2.151M Shares 2,683,000 Est. Cost $1.01 Unrealized —

RYAAY RYANAIR HLDGS PLC 0.6%

Value $1.747M Shares 16,575 Est. Cost $86.46 Unrealized —

CYD CHINA YUCHAI INTL LTD 0.6%

Value $1.633M Shares 73,364 Est. Cost $8.06 Unrealized +58.7%

Value $1.457M Shares 21,000 Est. Cost $35.05 Unrealized —

— CHICAGO BRIDGE & IRON CO N V 0.4%

Value $1.133M Shares 67,446 Est. Cost $34.64 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	VALEANT PHARMACEUTICALS INTL	3,053,843	$43.76M	15.3%	$19.37	—	COM	91911K102
BRK/A	BERKSHIRE HATHAWAY INC DEL	150	$41.21M	14.4%	$165023.42	+60.8%	CL A	084670108
—	RESOLUTE FST PRODS INC	4,963,423	$25.07M	8.8%	$12.15	—	COM	76117W109
—	WELLS FARGO & CO NEW	997,500	$21.51M	7.5%	$13.67	—	W EXP 10/28/201	949746119
SNY	SANOFI	410,000	$20.41M	7.1%	$51.51	—	SPONSORED ADR	80105N105
—	JPMORGAN CHASE & CO	366,347	$19.78M	6.9%	$20.81	—	W EXP 10/28/201	46634E114
GS	GOLDMAN SACHS GROUP INC	75,000	$17.79M	6.2%	$120.06	+56.6%	COM	38141G104
C	CITIGROUP INC	210,000	$15.28M	5.3%	$35.76	+45.2%	COM NEW	172967424
MBI	MBIA INC	1,080,797	$9.403M	3.3%	$5.48	-20.1%	COM	55262C100
TEVA	TEVA PHARMACEUTICAL INDS LTD	505,000	$8.888M	3.1%	$32.81	—	SPONSORED ADR	881624209
BBBY	OVERSTOCK COM INC DEL	286,650	$8.514M	3.0%	$22.28	-9.8%	COM	690370101
—	SEARS HLDGS CORP	1,131,610	$8.261M	2.9%	$32.48	—	COM	812350106
—	ENDO INTL PLC	950,000	$8.137M	2.8%	$11.16	—	SHS	G30401106
BB	BLACKBERRY LTD	529,040	$5.915M	2.1%	$7.99	+17.8%	COM	09228F103
—	BANK AMER CORP	436,825	$5.784M	2.0%	$5.46	—	W EXP 01/16/201	060505146
NOK	NOKIA CORP	850,000	$5.083M	1.8%	$7.67	—	SPONSORED ADR	654902204
—	ASCENT CAP GROUP INC	306,000	$3.99M	1.4%	$15.39	—	COM SER A	043632108
—	SEARS HOMETOWN & OUTLET STOR	1,322,209	$3.372M	1.2%	$16.00	—	COM	812362101
SD	SANDRIDGE ENERGY INC	156,623	$3.147M	1.1%	$20.99	-11.6%	COM NEW	80007P869
—	COMPUCREDIT HLDGS CORP	5,800,000	$2.799M	1.0%	$0.44	—	NOTE 5.875%11/3	20478NAD2
—	ASCENT CAP GROUP INC	2,683,000	$2.151M	0.8%	$1.01	—	NOTE 4.000% 7/1	043632AA6
RYAAY	RYANAIR HLDGS PLC	16,575	$1.747M	0.6%	$86.46	—	SPONSORED ADR NE	783513203
CYD	CHINA YUCHAI INTL LTD	73,364	$1.633M	0.6%	$8.06	+58.7%	COM	G21082105
PKX	POSCO	21,000	$1.457M	0.5%	$35.05	—	SPONSORED ADR	693483109
—	CHICAGO BRIDGE & IRON CO N V	67,446	$1.133M	0.4%	$34.64	—	COM	167250109