Chou Associates Management Inc. Long-Term Concentrated

Location: Toronto, Ontario, Canada

CIK: 0001389403 · Show all filings

Period: Q2 2018 (← Previous) (Next →)

Filing Date: Aug 14, 2018

Total Value: $264M (99.0% shares, 1.0% debt)

Holdings (26)

— RESOLUTE FST PRODS INC 17.9%

Value $47.32M Shares 4,571,960 Est. Cost $12.15 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 16.0%

Value $42.31M Shares 150 Est. Cost $165023.42 Unrealized +77.5%

— VALEANT PHARMACEUTICALS INTL 14.5%

Value $38.32M Shares 1,648,992 Est. Cost $16.23 Unrealized —

— WELLS FARGO & CO NEW 8.3%

Value $21.96M Shares 997,500 Est. Cost $13.67 Unrealized —

GS GOLDMAN SACHS GROUP INC 6.3%

Value $16.54M Shares 75,000 Est. Cost $120.06 Unrealized +67.1%

SNY SANOFI 6.2%

Value $16.4M Shares 410,000 Est. Cost $51.51 Unrealized —

C CITIGROUP INC 5.3%

Value $14.05M Shares 210,000 Est. Cost $35.76 Unrealized +48.3%

— JPMORGAN CHASE & CO 4.0%

Value $10.59M Shares 166,977 Est. Cost $20.81 Unrealized —

DVA DAVITA INC 3.7%

Value $9.773M Shares 140,743 Est. Cost $66.81 Unrealized 0.0%

MBI MBIA INC 3.7%

Value $9.77M Shares 1,080,797 Est. Cost $5.48 Unrealized -28.1%

— ENDO INTL PLC 3.1%

Value $8.298M Shares 880,000 Est. Cost $6.41 Unrealized —

BB BLACKBERRY LTD 1.9%

Value $5.103M Shares 529,040 Est. Cost $7.99 Unrealized +39.7%

NOK NOKIA CORP 1.4%

Value $3.738M Shares 650,000 Est. Cost $7.67 Unrealized —

— SEARS HOMETOWN & OUTLET STOR 1.1%

Value $2.777M Shares 1,322,209 Est. Cost $16.00 Unrealized —

— SEARS HLDGS CORP 1.0%

Value $2.682M Shares 1,131,610 Est. Cost $32.48 Unrealized —

— COMPUCREDIT HLDGS CORP 1.0%

Value $2.662M Shares 5,300,000 Est. Cost $0.44 Unrealized —

— BANK AMER CORP 0.9%

Value $2.439M Shares 149,476 Est. Cost $5.46 Unrealized —

— SPIRIT AIRLS INC 0.7%

Value $1.818M Shares 50,000 Est. Cost $36.36 Unrealized —

CYD CHINA YUCHAI INTL LTD 0.6%

Value $1.592M Shares 73,364 Est. Cost $8.06 Unrealized +73.2%

Value $1.557M Shares 21,000 Est. Cost $35.05 Unrealized —

— RESOLUTE FST PRODS INC 0.6%

Value $1.553M Shares 150,000 Est. Cost $12.15 Unrealized —

— ASCENT CAP GROUP INC 0.3%

Value $860K Shares 306,000 Est. Cost $15.39 Unrealized —

ALGT ALLEGIANT TRAVEL CO 0.2%

Value $600K Shares 4,317 Est. Cost $143.59 Unrealized 0.0%

RYAAY RYANAIR HLDGS PLC 0.2%

Value $523K Shares 4,575 Est. Cost $86.46 Unrealized —

TEVA TEVA PHARMACEUTICAL INDS LTD 0.1%

Value $365K Shares 15,000 Est. Cost $32.81 Unrealized —

BBBY OVERSTOCK COM INC DEL 0.1%

Value $224K Shares 6,650 Est. Cost $22.28 Unrealized +62.3%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	RESOLUTE FST PRODS INC	4,571,960	$47.32M	17.9%	$12.15	—	COM	76117W109
BRK/A	BERKSHIRE HATHAWAY INC DEL	150	$42.31M	16.0%	$165023.42	+77.5%	CL A	084670108
—	VALEANT PHARMACEUTICALS INTL	1,648,992	$38.32M	14.5%	$16.23	—	COM	91911K102
—	WELLS FARGO & CO NEW	997,500	$21.96M	8.3%	$13.67	—	W EXP 10/28/201	949746119
GS	GOLDMAN SACHS GROUP INC	75,000	$16.54M	6.3%	$120.06	+67.1%	COM	38141G104
SNY	SANOFI	410,000	$16.4M	6.2%	$51.51	—	SPONSORED ADR	80105N105
C	CITIGROUP INC	210,000	$14.05M	5.3%	$35.76	+48.3%	COM NEW	172967424
—	JPMORGAN CHASE & CO	166,977	$10.59M	4.0%	$20.81	—	W EXP 10/28/201	46634E114
DVA	DAVITA INC	140,743	$9.773M	3.7%	$66.81	0.0%	COM	23918K108
MBI	MBIA INC	1,080,797	$9.77M	3.7%	$5.48	-28.1%	COM	55262C100
—	ENDO INTL PLC	880,000	$8.298M	3.1%	$6.41	—	SHS	G30401106
BB	BLACKBERRY LTD	529,040	$5.103M	1.9%	$7.99	+39.7%	COM	09228F103
NOK	NOKIA CORP	650,000	$3.738M	1.4%	$7.67	—	SPONSORED ADR	654902204
—	SEARS HOMETOWN & OUTLET STOR	1,322,209	$2.777M	1.1%	$16.00	—	COM	812362101
—	SEARS HLDGS CORP	1,131,610	$2.682M	1.0%	$32.48	—	COM	812350106
—	COMPUCREDIT HLDGS CORP	5,300,000	$2.662M	1.0%	$0.44	—	NOTE 5.875%11/3	20478NAD2
—	BANK AMER CORP	149,476	$2.439M	0.9%	$5.46	—	W EXP 01/16/201	060505146
—	SPIRIT AIRLS INC	50,000	$1.818M	0.7%	$36.36	—	COM	848577102
CYD	CHINA YUCHAI INTL LTD	73,364	$1.592M	0.6%	$8.06	+73.2%	COM	G21082105
PKX	POSCO	21,000	$1.557M	0.6%	$35.05	—	SPONSORED ADR	693483109
—	RESOLUTE FST PRODS INC	150,000	$1.553M	0.6%	$12.15	—	Call	76117W109
—	ASCENT CAP GROUP INC	306,000	$860K	0.3%	$15.39	—	COM SER A	043632108
ALGT	ALLEGIANT TRAVEL CO	4,317	$600K	0.2%	$143.59	0.0%	COM	01748X102
RYAAY	RYANAIR HLDGS PLC	4,575	$523K	0.2%	$86.46	—	SPONSORED ADR NE	783513203
TEVA	TEVA PHARMACEUTICAL INDS LTD	15,000	$365K	0.1%	$32.81	—	SPONSORED ADR	881624209
BBBY	OVERSTOCK COM INC DEL	6,650	$224K	0.1%	$22.28	+62.3%	COM	690370101