CHOU ASSOCIATES MANAGEMENT INC. Information

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

Report Date: 12/31/2013

Position Statistics

Total Positions 27
New Positions 2
Increased Positions 5
Decreased Positions 5
Positions with Activity 10
Sold Out Positions 3
Total Mkt Value (in $ millions) 340

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

Sector Weighting

Basic Materials 21.21%
Capital Goods 0.16%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy 0.14%
Financial 37.1%
Healthcare 8.82%
Services 12.34%
Technology 11.83%
Transportation 0.28%
Utilities

5 DECREASED Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
OVERSTOCK COM INC DEL COM 10,300 -1,985 (16.16) 582,271
ACTAVIS PLC SHS 7,058 -8,235 (53.85) 35,400
HC2 HLDGS INC COM -1,786 Sold Out 0
RADIOSHACK CORP COM -1,342 Sold Out 0
SPRINT CORP COM SER 1 -927 Sold Out 0