CHOU ASSOCIATES MANAGEMENT INC. Information

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

Report Date: 03/31/2014

Position Statistics

Total Positions 24
New Positions 0
Increased Positions 1
Decreased Positions 2
Positions with Activity 3
Sold Out Positions 0
Total Mkt Value (in $ millions) 350

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

Sector Weighting

Basic Materials 19.22%
Capital Goods 0.15%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy 0.14%
Financial 36.59%
Healthcare 8.7%
Services 12.9%
Technology 13.22%
Transportation 0.26%
Utilities

24 Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
RESOLUTE FST PRODS INC COM 67,194 -1,795 (2.6) 4,117,259
BERKSHIRE HATHAWAY INC DEL CL A 57,774 New 300
NOKIA CORP SPONSORED ADR 40,950 New 5,000,000
SEARS HLDGS CORP COM 30,839 New 803,526
JPMORGAN CHASE & CO WT EXP 102818 22,189 New 1,126,347
SANOFI SPONSORED ADR 20,984 New 410,000
CITIGROUP INC COM NEW 20,377 New 410,000
WELLS FARGO & CO NEW WT EXP 102818 20,110 New 997,500
GOLDMAN SACHS GROUP INC COM 13,196 New 75,000
MBIA INC COM 10,743 New 1,080,797
OVERSTOCK COM INC DEL COM 9,526 New 582,271
LANDS END INC NEW COM 8,566 New 241,701
ACTAVIS PLC SHS 7,609 New 35,400
BANK OF AMERICA CORPORATION WT EXP 011619 5,690 New 836,825
BLACKBERRY LTD COM 5,264 New 529,040
CHUNGHWA TELECOM CO LTD SPON ADR NEW11 4,045 New 132,088
ASTRAZENECA PLC SPONSORED ADR 961 New 13,000
RYANAIR HLDGS PLC SPONSORED ADR 919 New 17,000
GLAXOSMITHKLINE PLC SPONSORED ADR 868 New 18,000
CHINA YUCHAI INTL LTD COM 542 New 25,537