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Institutional Investment Manager
Chou Associates Management Inc.
Chou Associates Management Inc. (CIK: 0001389403), located at 110 Sheppard Avenue East, Toronto, A6. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q2)
Portfolio Summary: 23 holdings with a total value of $364,637,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 RESOLUTE FOREST 4,117,259 73,755,000 20.23%
2 BERKSHIRE HATHAWAY INC DEL 300 60,819,000 16.68%
3 NOKIA CORP 5,000,000 40,354,000 11.07%
4 SEARS HLDGS CORPORATION 803,526 34,278,000 9.40%
5 SANOFI 410,000 23,272,000 6.38%
6 JPMORGAN CHASE & CO 1,126,347 23,243,000 6.37%
7 WELLS FARGO & CO NEW 997,500 22,831,000 6.26%
8 CITIGROUP INC 410,000 20,616,000 5.65%
9 GOLDMAN SACHS GROUP INC 75,000 13,406,000 3.68%
10 MBIA INC 1,080,797 12,738,000 3.49%
11 OVERSTOCK COM INC DEL COM 582,271 9,803,000 2.69%
12 LANDS END INCORPORATED NEW 241,697 8,664,000 2.38%
13 BANK AMER CORP 836,825 6,164,000 1.69%
14 BLACKBERRY LTD 529,040 5,788,000 1.59%
15 CHUNGHWA TELECOM CO LTD 132,088 4,521,000 1.24%
16 ASTRAZENECA PLC 13,000 1,030,000 0.28%
17 Ryanair Hldgs Plc Adr 17,000 1,013,000 0.28%
18 CHINA YUCHAI INTL LTD COM 25,537 579,000 0.16%
19 BP PLC 10,000 563,000 0.15%
20 GLAXOSMITHKLINE PLC 18,000 514,000 0.14%
21 UTSTARCOM HOLDINGS CORP SHS NEW 113,627 355,000 0.10%
22 VODAFONE GROUP PLC NEW 5,454 194,000 0.05%
23 VERIZON COMMUNICATIONS INC 2,630 137,000 0.04%

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001140361-14-032019, filed 2014.08.13).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.