Chou Associates Management Inc. Long-Term Concentrated

CIK: 0001389403 · Show all filings

Period: Q4 2018 (← Previous) (Next →)

Filing Date: Feb 14, 2019

Total Value ($000): $222,729 (98.8% shares, 1.2% debt)

Holdings (28)

BRK/A BERKSHIRE HATHAWAY INC DEL 20.6%

Value ($000) $45,900 Shares 150 Est. Cost $165023.42 Unrealized +89.7%

— RESOLUTE FST PRODS INC 16.3%

Value ($000) $36,256 Shares 4,571,960 Est. Cost $12.15 Unrealized —

BHC BAUSCH HEALTH COS INC 13.7%

Value ($000) $30,457 Shares 1,648,992 Est. Cost $22.90 Unrealized +3.9%

WFC WELLS FARGO CO NEW 9.0%

Value ($000) $20,024 Shares 434,542 Est. Cost $46.51 Unrealized -9.6%

SNY SANOFI 5.8%

Value ($000) $12,936 Shares 298,000 Est. Cost $51.51 Unrealized —

JPM JPMORGAN CHASE & CO 4.8%

Value ($000) $10,667 Shares 109,275 Est. Cost $92.63 Unrealized -5.5%

MBI MBIA INC 3.8%

Value ($000) $8,497 Shares 952,531 Est. Cost $5.48 Unrealized -24.2%

GS GOLDMAN SACHS GROUP INC 3.7%

Value ($000) $8,352 Shares 50,000 Est. Cost $120.06 Unrealized +42.3%

DVA DAVITA INC 3.3%

Value ($000) $7,243 Shares 140,743 Est. Cost $66.81 Unrealized -4.1%

C CITIGROUP INC 3.0%

Value ($000) $6,768 Shares 130,000 Est. Cost $35.76 Unrealized +38.0%

— ENDO INTL PLC 2.9%

Value ($000) $6,424 Shares 880,000 Est. Cost $6.41 Unrealized —

— ENDO INTL PLC 2.3%

Value ($000) $5,110 Shares 700,000 Est. Cost $6.41 Unrealized —

— RESOLUTE FST PRODS INC 2.0%

Value ($000) $4,361 Shares 550,000 Est. Cost $12.15 Unrealized —

BB BLACKBERRY LTD 1.7%

Value ($000) $3,763 Shares 529,040 Est. Cost $7.99 Unrealized +10.3%

— SPIRIT AIRLS INC 1.3%

Value ($000) $2,896 Shares 50,000 Est. Cost $36.36 Unrealized —

— SEARS HOMETOWN & OUTLET STOR 1.2%

Value ($000) $2,773 Shares 1,301,960 Est. Cost $16.00 Unrealized —

— COMPUCREDIT HLDGS CORP 1.2%

Value ($000) $2,664 Shares 4,800,000 Est. Cost $0.44 Unrealized —

BAC BANK AMER CORP 1.0%

Value ($000) $2,301 Shares 93,376 Est. Cost $25.47 Unrealized -10.5%

Value ($000) $1,154 Shares 21,000 Est. Cost $35.05 Unrealized —

CYD CHINA YUCHAI INTL LTD 0.4%

Value ($000) $913 Shares 73,364 Est. Cost $8.06 Unrealized +27.2%

MGA MAGNA INTL INC 0.4%

Value ($000) $909 Shares 20,000 Est. Cost $38.61 Unrealized 0.0%

— SEARS HOMETOWN & OUTLET STOR 0.4%

Value ($000) $852 Shares 400,000 Est. Cost $16.00 Unrealized —

— FIAT CHRYSLER AUTOMOBILES N 0.2%

Value ($000) $434 Shares 30,000 Est. Cost $14.47 Unrealized —

ALGT ALLEGIANT TRAVEL CO 0.2%

Value ($000) $433 Shares 4,317 Est. Cost $143.59 Unrealized -21.9%

RYAAY RYANAIR HLDGS PLC 0.1%

Value ($000) $326 Shares 4,575 Est. Cost $86.46 Unrealized —

TEVA TEVA PHARMACEUTICAL INDS LTD 0.1%

Value ($000) $231 Shares 15,000 Est. Cost $32.81 Unrealized —

— ASCENT CAP GROUP INC 0.0%

Value ($000) $58 Shares 149,104 Est. Cost $15.39 Unrealized —

— SEARS HLDGS CORP 0.0%

Value ($000) $27 Shares 99,135 Est. Cost $32.48 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BRK/A	BERKSHIRE HATHAWAY INC DEL	150	$45,900	20.6%	$165023.42	+89.7%	CL A	084670108
—	RESOLUTE FST PRODS INC	4,571,960	$36,256	16.3%	$12.15	—	COM	76117W109
BHC	BAUSCH HEALTH COS INC	1,648,992	$30,457	13.7%	$22.90	+3.9%	COM	071734107
WFC	WELLS FARGO CO NEW	434,542	$20,024	9.0%	$46.51	-9.6%	COM	949746101
SNY	SANOFI	298,000	$12,936	5.8%	$51.51	—	SPONSORED ADR	80105N105
JPM	JPMORGAN CHASE & CO	109,275	$10,667	4.8%	$92.63	-5.5%	COM	46625H100
MBI	MBIA INC	952,531	$8,497	3.8%	$5.48	-24.2%	COM	55262C100
GS	GOLDMAN SACHS GROUP INC	50,000	$8,352	3.7%	$120.06	+42.3%	COM	38141G104
DVA	DAVITA INC	140,743	$7,243	3.3%	$66.81	-4.1%	COM	23918K108
C	CITIGROUP INC	130,000	$6,768	3.0%	$35.76	+38.0%	COM NEW	172967424
—	ENDO INTL PLC	880,000	$6,424	2.9%	$6.41	—	SHS	G30401106
—	ENDO INTL PLC	700,000	$5,110	2.3%	$6.41	—	Call	G30401106
—	RESOLUTE FST PRODS INC	550,000	$4,361	2.0%	$12.15	—	Call	76117W109
BB	BLACKBERRY LTD	529,040	$3,763	1.7%	$7.99	+10.3%	COM	09228F103
—	SPIRIT AIRLS INC	50,000	$2,896	1.3%	$36.36	—	COM	848577102
—	SEARS HOMETOWN & OUTLET STOR	1,301,960	$2,773	1.2%	$16.00	—	COM	812362101
—	COMPUCREDIT HLDGS CORP	4,800,000	$2,664	1.2%	$0.44	—	NOTE 5.875%11/3	20478NAD2
BAC	BANK AMER CORP	93,376	$2,301	1.0%	$25.47	-10.5%	COM	060505104
PKX	POSCO	21,000	$1,154	0.5%	$35.05	—	SPONSORED ADR	693483109
CYD	CHINA YUCHAI INTL LTD	73,364	$913	0.4%	$8.06	+27.2%	COM	G21082105
MGA	MAGNA INTL INC	20,000	$909	0.4%	$38.61	0.0%	COM	559222401
—	SEARS HOMETOWN & OUTLET STOR	400,000	$852	0.4%	$16.00	—	Call	812362101
—	FIAT CHRYSLER AUTOMOBILES N	30,000	$434	0.2%	$14.47	—	COM	N31738102
ALGT	ALLEGIANT TRAVEL CO	4,317	$433	0.2%	$143.59	-21.9%	COM	01748X102
RYAAY	RYANAIR HLDGS PLC	4,575	$326	0.1%	$86.46	—	SPONSORED ADR NE	783513203
TEVA	TEVA PHARMACEUTICAL INDS LTD	15,000	$231	0.1%	$32.81	—	SPONSORED ADR	881624209
—	ASCENT CAP GROUP INC	149,104	$58	0.0%	$15.39	—	COM SER A	043632108
—	SEARS HLDGS CORP	99,135	$27	0.0%	$32.48	—	COM	812350106