CHOU ASSOCIATES MANAGEMENT INC. Information

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

Report Date: 03/31/2015

Position Statistics

Total Positions 25
New Positions 3
Increased Positions 3
Decreased Positions 1
Positions with Activity 4
Sold Out Positions 1
Total Mkt Value (in $ millions) 379

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

Sector Weighting

Basic Materials 17.22%
Capital Goods 1.05%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy 0.12%
Financial 36.13%
Healthcare 6.07%
Services 20.36%
Technology 11.8%
Transportation 0.3%
Utilities

25 Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held ▲
GLAXOSMITHKLINE PLC ORD -415 Sold Out 0
BERKSHIRE HATHAWAY INC DEL CL A 64,422 New 300
SEARS HLDGS CORP WT EXP 121519 15 15 New 581
BP PLC SPONSORED ADR 436 New 10,000
ASTRAZENECA PLC SPONSORED ADR 951 New 13,000
RYANAIR HLDGS PLC SPONSORED ADR 1,130 New 17,000
GLAXOSMITHKLINE PLC SPONSORED ADR 834 834 New 18,000
CHINA YUCHAI INTL LTD COM 534 New 25,537
CHICAGO BRIDGE & IRON CO N V COM 3,446 New 67,446
GOLDMAN SACHS GROUP INC COM 14,948 New 75,000
CHUNGHWA TELECOM CO LTD SPON ADR NEW11 4,241 New 132,088
ASCENT CAP GROUP INC COM SER A 5,649 5,649 New 140,000
CITIGROUP INC COM NEW 21,820 New 410,000
SANOFI SPONSORED ADR 21,222 New 410,000
BLACKBERRY LTD COM 5,433 New 529,040
OVERSTOCK COM INC DEL COM 14,662 New 582,271
SEARS CDA INC COM 6,015 New 775,149
BANK AMER CORP WT EXP 011619 4,912 New 836,825
SEARS HLDGS CORP COM 37,322 New 896,088
WELLS FARGO & CO NEW WT EXP 102818 20,948 New 997,500