Chou Associates Management Inc. Long-Term Concentrated

CIK: 0001389403 · Show all filings

Period: Q3 2018 (← Previous) (Next →)

Filing Date: Nov 13, 2018

Total Value ($000): $297,679 (99.1% shares, 0.9% debt)

Holdings (25)

— RESOLUTE FST PRODS INC 19.9%

Value ($000) $59,207 Shares 4,571,960 Est. Cost $12.15 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 16.1%

Value ($000) $48,000 Shares 150 Est. Cost $165023.42 Unrealized +87.7%

BHC BAUSCH HEALTH COS INC 14.2%

Value ($000) $42,330 Shares 1,648,992 Est. Cost $22.90 Unrealized 0.0%

WFC WELLS FARGO CO NEW 7.7%

Value ($000) $22,840 Shares 434,542 Est. Cost $46.51 Unrealized 0.0%

SNY SANOFI 5.4%

Value ($000) $16,081 Shares 360,000 Est. Cost $51.51 Unrealized —

— ENDO INTL PLC 5.0%

Value ($000) $14,810 Shares 880,000 Est. Cost $6.41 Unrealized —

JPM JPMORGAN CHASE & CO 4.1%

Value ($000) $12,331 Shares 109,275 Est. Cost $92.63 Unrealized 0.0%

— ENDO INTL PLC 4.0%

Value ($000) $11,781 Shares 700,000 Est. Cost $6.41 Unrealized —

GS GOLDMAN SACHS GROUP INC 3.8%

Value ($000) $11,212 Shares 50,000 Est. Cost $120.06 Unrealized +63.6%

MBI MBIA INC 3.4%

Value ($000) $10,242 Shares 958,097 Est. Cost $5.48 Unrealized -18.5%

DVA DAVITA INC 3.4%

Value ($000) $10,081 Shares 140,743 Est. Cost $66.81 Unrealized +5.8%

C CITIGROUP INC 3.1%

Value ($000) $9,326 Shares 130,000 Est. Cost $35.76 Unrealized +53.1%

— RESOLUTE FST PRODS INC 2.4%

Value ($000) $7,123 Shares 550,000 Est. Cost $12.15 Unrealized —

BB BLACKBERRY LTD 2.0%

Value ($000) $5,988 Shares 529,040 Est. Cost $7.99 Unrealized +28.0%

— SEARS HOMETOWN & OUTLET STOR 1.3%

Value ($000) $3,739 Shares 1,311,960 Est. Cost $16.00 Unrealized —

BAC BANK AMER CORP 0.9%

Value ($000) $2,751 Shares 93,376 Est. Cost $25.47 Unrealized 0.0%

— COMPUCREDIT HLDGS CORP 0.9%

Value ($000) $2,563 Shares 4,800,000 Est. Cost $0.44 Unrealized —

— SPIRIT AIRLS INC 0.8%

Value ($000) $2,349 Shares 50,000 Est. Cost $36.36 Unrealized —

Value ($000) $1,386 Shares 21,000 Est. Cost $35.05 Unrealized —

CYD CHINA YUCHAI INTL LTD 0.4%

Value ($000) $1,267 Shares 73,364 Est. Cost $8.06 Unrealized +71.0%

ALGT ALLEGIANT TRAVEL CO 0.2%

Value ($000) $547 Shares 4,317 Est. Cost $143.59 Unrealized -13.3%

— SEARS HLDGS CORP 0.2%

Value ($000) $489 Shares 505,381 Est. Cost $32.48 Unrealized —

— ASCENT CAP GROUP INC 0.2%

Value ($000) $474 Shares 268,000 Est. Cost $15.39 Unrealized —

RYAAY RYANAIR HLDGS PLC 0.1%

Value ($000) $439 Shares 4,575 Est. Cost $86.46 Unrealized —

TEVA TEVA PHARMACEUTICAL INDS LTD 0.1%

Value ($000) $323 Shares 15,000 Est. Cost $32.81 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	RESOLUTE FST PRODS INC	4,571,960	$59,207	19.9%	$12.15	—	COM	76117W109
BRK/A	BERKSHIRE HATHAWAY INC DEL	150	$48,000	16.1%	$165023.42	+87.7%	CL A	084670108
BHC	BAUSCH HEALTH COS INC	1,648,992	$42,330	14.2%	$22.90	0.0%	COM	071734107
WFC	WELLS FARGO CO NEW	434,542	$22,840	7.7%	$46.51	0.0%	COM	949746101
SNY	SANOFI	360,000	$16,081	5.4%	$51.51	—	SPONSORED ADR	80105N105
—	ENDO INTL PLC	880,000	$14,810	5.0%	$6.41	—	SHS	G30401106
JPM	JPMORGAN CHASE & CO	109,275	$12,331	4.1%	$92.63	0.0%	COM	46625H100
—	ENDO INTL PLC	700,000	$11,781	4.0%	$6.41	—	Call	G30401106
GS	GOLDMAN SACHS GROUP INC	50,000	$11,212	3.8%	$120.06	+63.6%	COM	38141G104
MBI	MBIA INC	958,097	$10,242	3.4%	$5.48	-18.5%	COM	55262C100
DVA	DAVITA INC	140,743	$10,081	3.4%	$66.81	+5.8%	COM	23918K108
C	CITIGROUP INC	130,000	$9,326	3.1%	$35.76	+53.1%	COM NEW	172967424
—	RESOLUTE FST PRODS INC	550,000	$7,123	2.4%	$12.15	—	Call	76117W109
BB	BLACKBERRY LTD	529,040	$5,988	2.0%	$7.99	+28.0%	COM	09228F103
—	SEARS HOMETOWN & OUTLET STOR	1,311,960	$3,739	1.3%	$16.00	—	COM	812362101
BAC	BANK AMER CORP	93,376	$2,751	0.9%	$25.47	0.0%	COM	060505104
—	COMPUCREDIT HLDGS CORP	4,800,000	$2,563	0.9%	$0.44	—	NOTE 5.875%11/3	20478NAD2
—	SPIRIT AIRLS INC	50,000	$2,349	0.8%	$36.36	—	COM	848577102
PKX	POSCO	21,000	$1,386	0.5%	$35.05	—	SPONSORED ADR	693483109
CYD	CHINA YUCHAI INTL LTD	73,364	$1,267	0.4%	$8.06	+71.0%	COM	G21082105
ALGT	ALLEGIANT TRAVEL CO	4,317	$547	0.2%	$143.59	-13.3%	COM	01748X102
—	SEARS HLDGS CORP	505,381	$489	0.2%	$32.48	—	COM	812350106
—	ASCENT CAP GROUP INC	268,000	$474	0.2%	$15.39	—	COM SER A	043632108
RYAAY	RYANAIR HLDGS PLC	4,575	$439	0.1%	$86.46	—	SPONSORED ADR NE	783513203
TEVA	TEVA PHARMACEUTICAL INDS LTD	15,000	$323	0.1%	$32.81	—	SPONSORED ADR	881624209