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) 354

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

Sector Weighting

Basic Materials 21.13%
Capital Goods 0.15%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy 0.14%
Financial 36.19%
Healthcare 8.78%
Services 13.7%
Technology 11.65%
Transportation 0.28%
Utilities

27 Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
BP PLC SPONSORED ADR 490 New 10,000
UTSTARCOM HOLDINGS CORP SHS NEW 341 New 113,627
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 199 New 5,455
VERIZON COMMUNICATIONS INC COM 69 New 1,435
HC2 HLDGS INC COM -1,786 Sold Out 0
RADIOSHACK CORP COM -1,064 Sold Out 0
SPRINT CORP COM SER 1 -952 Sold Out 0