CHOU ASSOCIATES MANAGEMENT INC. Information

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

Report Date: 12/31/2015

Position Statistics

Total Positions 25
New Positions 2
Increased Positions 4
Decreased Positions 2
Positions with Activity 6
Sold Out Positions 2
Total Mkt Value (in $ millions) 267

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

Sector Weighting

Basic Materials 10.64%
Capital Goods 1.3%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy 0.13%
Financial 46.9%
Healthcare 6.74%
Services 15.07%
Technology 9.64%
Transportation 0.5%
Utilities

4 INCREASED Positions as of 12/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
RESOLUTE FST PRODS INC COM 27,336 2,462 9.90 4,704,909
ASCENT CAP GROUP INC COM SER A 5,124 353 7.39 340,000
GLAXOSMITHKLINE PLC SPONSORED ADR 772 772 New 18,000
ASTRAZENECA PLC SPONSORED ADR 376 376 New 13,000