CHOU ASSOCIATES MANAGEMENT INC. Information

110 SHEPPARD AVENUE EAST, TORONTO, , M2N 6Y8, (416) 214-0675

Report Date: 03/31/2016

Position Statistics

Total Positions 24
New Positions 1
Increased Positions 3
Decreased Positions 1
Positions with Activity 4
Sold Out Positions 0
Total Mkt Value (in $ millions) 230

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 11.06%
Capital Goods 1.35%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy 0.14%
Financial 35.22%
Healthcare 15.93%
Services 16.7%
Technology 10.02%
Transportation 0.56%
Utilities

24 Positions as of 03/31/2016

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
BERKSHIRE HATHAWAY INC DEL CL A 31,478 -31,478 (50) 150
RESOLUTE FST PRODS INC COM 24,573 1,001 4.25 4,904,752
JPMORGAN CHASE & CO WT EXP 102818 20,770 New 1,126,347
VALEANT PHARMACEUTICALS INTL I COM 19,801 19,801 New 976,843
NOKIA CORP SPONSORED ADR 19,538 New 3,750,000
CITIGROUP INC COM NEW 16,523 New 410,000
SANOFI SPONSORED ADR 15,765 New 410,000
SEARS HLDGS CORP COM 13,916 1,828 15.12 1,031,610
WELLS FARGO & CO NEW WT EXP 102818 12,494 New 997,500
GOLDMAN SACHS GROUP INC COM 10,640 New 75,000
OVERSTOCK COM INC DEL COM 9,421 New 582,271
SEARS HOMETOWN & OUTLET STORES COM 7,841 New 1,322,209
MBIA INC COM 7,047 New 1,080,797
ASCENT CAP GROUP INC COM SER A 4,974 New 340,000
BLACKBERRY LTD COM 3,529 New 529,040
BANK AMER CORP WT EXP 011619 2,870 New 836,825
CHICAGO BRIDGE & IRON CO N V COM 2,302 New 67,446
SEARS CDA INC COM 2,279 New 775,149
RYANAIR HLDGS PLC SPONSORED ADR NE 1,286 New 16,575
POSCO SPONSORED ADR 882 New 21,000