CHOU ASSOCIATES MANAGEMENT INC. Information

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

Report Date: 03/31/2014

Position Statistics

Total Positions 24
New Positions 0
Increased Positions 1
Decreased Positions 2
Positions with Activity 3
Sold Out Positions 0
Total Mkt Value (in $ millions) 350

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

Sector Weighting

Basic Materials 19.3%
Capital Goods 0.15%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy 0.15%
Financial 36.43%
Healthcare 8.69%
Services 12.97%
Technology 13.31%
Transportation 0.26%
Utilities

24 Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held ▲
BERKSHIRE HATHAWAY INC DEL CL A 57,368 New 300
VERIZON COMMUNICATIONS INC COM 135 61 83.28 2,630
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 186 (0.02) 5,454
BP PLC SPONSORED ADR 509 New 10,000
ASTRAZENECA PLC SPONSORED ADR 968 New 13,000
RYANAIR HLDGS PLC SPONSORED ADR 894 New 17,000
GLAXOSMITHKLINE PLC SPONSORED ADR 875 New 18,000
CHINA YUCHAI INTL LTD COM 533 New 25,537
ACTAVIS PLC SHS 7,698 New 35,400
GOLDMAN SACHS GROUP INC COM 13,155 New 75,000
UTSTARCOM HOLDINGS CORP SHS NEW 336 New 113,627
CHUNGHWA TELECOM CO LTD SPON ADR NEW11 4,038 New 132,088
LANDS END INC NEW COM 8,406 New 241,701
CITIGROUP INC COM NEW 20,512 New 410,000
SANOFI SPONSORED ADR 20,898 New 410,000
BLACKBERRY LTD COM 5,433 New 529,040
OVERSTOCK COM INC DEL COM 9,660 New 582,271
SEARS HLDGS CORP COM 31,104 New 803,526
BANK OF AMERICA CORPORATION WT EXP 011619 5,732 New 836,825
WELLS FARGO & CO NEW WT EXP 102818 20,080 New 997,500