CHOU ASSOCIATES MANAGEMENT INC. Information

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

Report Date: 06/30/2014

Position Statistics

Total Positions 26
New Positions 2
Increased Positions 2
Decreased Positions 4
Positions with Activity 6
Sold Out Positions 3
Total Mkt Value (in $ millions) 395

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

Sector Weighting

Basic Materials 17.9%
Capital Goods 0.13%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy 0.12%
Financial 50.64%
Healthcare 6.03%
Services 10.88%
Technology 11.94%
Transportation 0.24%
Utilities

26 Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
RESOLUTE FST PRODS INC COM 70,776 New 4,117,259
JPMORGAN CHASE & CO COM 66,961 66,961 New 1,126,347
BERKSHIRE HATHAWAY INC DEL CL A 61,764 New 300
NOKIA CORP SPONSORED ADR 41,850 New 5,000,000
SEARS HLDGS CORP COM 27,963 New 803,526
SANOFI SPONSORED ADR 22,427 New 410,000
CITIGROUP INC COM NEW 21,177 New 410,000
WELLS FARGO & CO NEW WT EXP 102818 19,681 New 997,500
GOLDMAN SACHS GROUP INC COM 13,433 New 75,000
MBIA INC COM 11,273 New 1,080,797
OVERSTOCK COM INC DEL COM 10,289 New 582,271
LANDS END INC NEW COM 8,334 (0) 241,697
BANK OF AMERICA CORPORATION WT EXP 011619 5,992 New 836,825
BLACKBERRY LTD COM 5,386 New 529,040
CHUNGHWA TELECOM CO LTD SPON ADR NEW11 4,124 New 132,088
ASTRAZENECA PLC SPONSORED ADR 988 New 13,000
RYANAIR HLDGS PLC SPONSORED ADR 933 New 17,000
CHINA YUCHAI INTL LTD COM 528 New 25,537
BP PLC SPONSORED ADR 478 New 10,000
GLAXOSMITHKLINE PLC ORD 444 444 New 18,000