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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 (2014Q3)
Original 13F HR (0001140361-14-041335) filed in 2014.11.12
#
Name
Shares
Value ($)
%
Options
Notes
1 NOKIA CORP 5,000,000 47,450 12.11%
2 RESOLUTE FST PRODS INC 4,117,259 72,234 18.43%
3 JPMORGAN CHASE & CO 1,126,347 25,409 6.48%
4 MBIA INC 1,080,797 11,130 2.84%
5 Wells Fargo & Co. Warrants Exp 10/28/18 997,500 22,547 5.75%
6 SEARS HOMETOWN & OUTLET STOR 890,170 15,478 3.95%
7 Bank of America Corp Warrants Exp 01/16/19 836,825 7,040 1.80%
8 SEARS HLDGS CORP 803,526 22,741 5.80%
9 BEYOND INC 582,271 11,012 2.81%
10 BLACKBERRY LTD 529,040 5,263 1.34%
11 CITIGROUPINC 410,000 23,833 6.08%
12 SANOFI 410,000 25,953 6.62%
13 LANDS END INC NEW 151,696 6,997 1.79%
14 CHUNGHWA TELECOM CO LTD 132,088 4,441 1.13%
15 UTSTARCOM HOLDINGS CORP SHS NEW 113,627 390 0.10%
16 GOLDMAN SACHS GROUP INC 75,000 15,444 3.94%
17 CHINA YUCHAI INTL LTD 25,537 531 0.14%
18 GLAXOSMITHKLINE PLC 18,000 750 0.19%
19 Ryanair Hldgs Plc Adr 17,000 1,076 0.27%
20 ASTRAZENECA PLC 13,000 1,703 0.43%
21 BP PLC 10,000 493 0.13%
22 VODAFONE GROUP PLC NEW 5,454 201 0.05%
23 VERIZON COMMUNICATIONS INC 2,630 147 0.04%
24 BERKSHIRE HATHAWAY INC DEL 300 69,627 17.77%
Restatement filing (0001140361-14-041539) filed in 2014.11.13
#
Name
Shares
Value ($)
%
Options
Notes
1 RESOLUTE FST PRODS INC 4,117,259 72,234 18.31%
2 BERKSHIRE HATHAWAY INC DEL 300 69,627 17.64%
3 NOKIA CORP 5,000,000 47,450 12.02%
4 SANOFI 410,000 25,953 6.58%
5 JPMORGAN CHASE & CO 1,126,347 25,409 6.44%
6 CITIGROUPINC 410,000 23,833 6.04%
7 SEARS HLDGS CORP 803,526 22,741 5.76%
8 Wells Fargo & Co. Warrants Exp 10/28/18 997,500 22,547 5.71%
9 SEARS HOMETOWN & OUTLET STOR 890,170 15,478 3.92%
10 GOLDMAN SACHS GROUP INC 75,000 15,444 3.91%
11 MBIA INC 1,080,797 11,130 2.82%
12 BEYOND INC 582,271 11,012 2.79%
13 Bank of America Corp Warrants Exp 01/16/19 836,825 7,040 1.78%
14 LANDS END INC NEW 151,696 6,997 1.77%
15 BLACKBERRY LTD 529,040 5,263 1.33%
16 CHUNGHWA TELECOM CO LTD 132,088 4,441 1.13%
17 ASCENT CAP GROUP INC 2,683,000 2,723 0.69%
18 ASTRAZENECA PLC 13,000 1,703 0.43%
19 Ryanair Hldgs Plc Adr 17,000 1,076 0.27%
20 GLAXOSMITHKLINE PLC 18,000 750 0.19%
21 CHINA YUCHAI INTL LTD 25,537 531 0.13%
22 BP PLC 10,000 493 0.12%
23 UTSTARCOM HOLDINGS CORP SHS NEW 113,627 390 0.10%
24 VODAFONE GROUP PLC NEW 5,454 201 0.05%
25 VERIZON COMMUNICATIONS INC 2,630 147 0.04%