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

25 Positions as of 12/31/2015

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held ▲
GLAXOSMITHKLINE PLC ORD -396 Sold Out 0
SYNGENTA AG SPONSORED ADR -1,047 Sold Out 0
BERKSHIRE HATHAWAY INC DEL CL A 65,700 New 300
BP PLC SPONSORED ADR 336 New 10,000
ASTRAZENECA PLC SPONSORED ADR 376 376 New 13,000
RYANAIR HLDGS PLC SPONSORED ADR NE 1,342 New 16,575
GLAXOSMITHKLINE PLC SPONSORED ADR 772 772 New 18,000
POSCO SPONSORED ADR 1,092 New 21,000
CHICAGO BRIDGE & IRON CO N V COM 2,715 New 67,446
CHINA YUCHAI INTL LTD COM 752 New 73,364
GOLDMAN SACHS GROUP INC COM 12,308 New 75,000
ASCENT CAP GROUP INC COM SER A 5,124 353 7.39 340,000
CITIGROUP INC COM NEW 18,975 New 410,000
SANOFI SPONSORED ADR 16,851 New 410,000
BLACKBERRY LTD COM 3,735 New 529,040
OVERSTOCK COM INC DEL COM 8,495 New 582,271
SEARS CDA INC COM 3,023 New 775,149
BANK AMER CORP WT EXP 011619 3,674 New 836,825
SEARS HLDGS CORP COM 14,673 New 896,088
WELLS FARGO & CO NEW WT EXP 102818 16,209 New 997,500