Chou Associates Management Inc. Long-Term Concentrated

CIK: 0001389403 · Show all filings

Period: Q4 2017 (← Previous) (Next →)

Filing Date: Feb 14, 2018

Total Value ($000): $233,800 (97.9% shares, 2.1% debt)

Holdings (24)

— RESOLUTE FST PRODS INC 21.7%

Value ($000) $50,795 Shares 4,596,832 Est. Cost $12.15 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 19.1%

Value ($000) $44,640 Shares 150 Est. Cost $165023.42 Unrealized +72.6%

— WELLS FARGO & CO NEW 11.8%

Value ($000) $27,531 Shares 997,500 Est. Cost $13.67 Unrealized —

GS GOLDMAN SACHS GROUP INC 8.2%

Value ($000) $19,107 Shares 75,000 Est. Cost $120.06 Unrealized +70.9%

SNY SANOFI 7.5%

Value ($000) $17,630 Shares 410,000 Est. Cost $51.51 Unrealized —

C CITIGROUP INC 6.7%

Value ($000) $15,626 Shares 210,000 Est. Cost $35.76 Unrealized +57.9%

— JPMORGAN CHASE & CO 4.7%

Value ($000) $11,092 Shares 166,977 Est. Cost $20.81 Unrealized —

MBI MBIA INC 3.4%

Value ($000) $7,911 Shares 1,080,797 Est. Cost $5.48 Unrealized -38.1%

BB BLACKBERRY LTD 2.5%

Value ($000) $5,909 Shares 529,040 Est. Cost $7.99 Unrealized +36.6%

— SEARS HLDGS CORP 1.7%

Value ($000) $4,051 Shares 1,131,610 Est. Cost $32.48 Unrealized —

NOK NOKIA CORP 1.7%

Value ($000) $3,961 Shares 850,000 Est. Cost $7.67 Unrealized —

— ASCENT CAP GROUP INC 1.5%

Value ($000) $3,516 Shares 306,000 Est. Cost $15.39 Unrealized —

— SEARS HOMETOWN & OUTLET STOR 1.5%

Value ($000) $3,438 Shares 1,322,209 Est. Cost $16.00 Unrealized —

— VALEANT PHARMACEUTICALS INTL 1.3%

Value ($000) $3,096 Shares 148,992 Est. Cost $19.37 Unrealized —

SD SANDRIDGE ENERGY INC 1.2%

Value ($000) $2,863 Shares 135,903 Est. Cost $20.99 Unrealized -11.2%

— COMPUCREDIT HLDGS CORP 1.1%

Value ($000) $2,670 Shares 5,300,000 Est. Cost $0.44 Unrealized —

— BANK AMER CORP 1.1%

Value ($000) $2,625 Shares 149,476 Est. Cost $5.46 Unrealized —

— ASCENT CAP GROUP INC 0.9%

Value ($000) $2,131 Shares 2,683,000 Est. Cost $1.01 Unrealized —

CYD CHINA YUCHAI INTL LTD 0.8%

Value ($000) $1,761 Shares 73,364 Est. Cost $8.06 Unrealized +90.7%

Value ($000) $1,641 Shares 21,000 Est. Cost $35.05 Unrealized —

— ENDO INTL PLC 0.3%

Value ($000) $620 Shares 80,000 Est. Cost $11.16 Unrealized —

RYAAY RYANAIR HLDGS PLC 0.2%

Value ($000) $477 Shares 4,575 Est. Cost $86.46 Unrealized —

BBBY OVERSTOCK COM INC DEL 0.2%

Value ($000) $425 Shares 6,650 Est. Cost $22.28 Unrealized +115.8%

TEVA TEVA PHARMACEUTICAL INDS LTD 0.1%

Value ($000) $284 Shares 15,000 Est. Cost $32.81 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	RESOLUTE FST PRODS INC	4,596,832	$50,795	21.7%	$12.15	—	COM	76117W109
BRK/A	BERKSHIRE HATHAWAY INC DEL	150	$44,640	19.1%	$165023.42	+72.6%	CL A	084670108
—	WELLS FARGO & CO NEW	997,500	$27,531	11.8%	$13.67	—	W EXP 10/28/201	949746119
GS	GOLDMAN SACHS GROUP INC	75,000	$19,107	8.2%	$120.06	+70.9%	COM	38141G104
SNY	SANOFI	410,000	$17,630	7.5%	$51.51	—	SPONSORED ADR	80105N105
C	CITIGROUP INC	210,000	$15,626	6.7%	$35.76	+57.9%	COM NEW	172967424
—	JPMORGAN CHASE & CO	166,977	$11,092	4.7%	$20.81	—	W EXP 10/28/201	46634E114
MBI	MBIA INC	1,080,797	$7,911	3.4%	$5.48	-38.1%	COM	55262C100
BB	BLACKBERRY LTD	529,040	$5,909	2.5%	$7.99	+36.6%	COM	09228F103
—	SEARS HLDGS CORP	1,131,610	$4,051	1.7%	$32.48	—	COM	812350106
NOK	NOKIA CORP	850,000	$3,961	1.7%	$7.67	—	SPONSORED ADR	654902204
—	ASCENT CAP GROUP INC	306,000	$3,516	1.5%	$15.39	—	COM SER A	043632108
—	SEARS HOMETOWN & OUTLET STOR	1,322,209	$3,438	1.5%	$16.00	—	COM	812362101
—	VALEANT PHARMACEUTICALS INTL	148,992	$3,096	1.3%	$19.37	—	COM	91911K102
SD	SANDRIDGE ENERGY INC	135,903	$2,863	1.2%	$20.99	-11.2%	COM NEW	80007P869
—	COMPUCREDIT HLDGS CORP	5,300,000	$2,670	1.1%	$0.44	—	NOTE 5.875%11/3	20478NAD2
—	BANK AMER CORP	149,476	$2,625	1.1%	$5.46	—	W EXP 01/16/201	060505146
—	ASCENT CAP GROUP INC	2,683,000	$2,131	0.9%	$1.01	—	NOTE 4.000% 7/1	043632AA6
CYD	CHINA YUCHAI INTL LTD	73,364	$1,761	0.8%	$8.06	+90.7%	COM	G21082105
PKX	POSCO	21,000	$1,641	0.7%	$35.05	—	SPONSORED ADR	693483109
—	ENDO INTL PLC	80,000	$620	0.3%	$11.16	—	SHS	G30401106
RYAAY	RYANAIR HLDGS PLC	4,575	$477	0.2%	$86.46	—	SPONSORED ADR NE	783513203
BBBY	OVERSTOCK COM INC DEL	6,650	$425	0.2%	$22.28	+115.8%	COM	690370101
TEVA	TEVA PHARMACEUTICAL INDS LTD	15,000	$284	0.1%	$32.81	—	SPONSORED ADR	881624209