CHOU ASSOCIATES MANAGEMENT INC. Information

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

Report Date: 09/30/2014

Position Statistics

Total Positions 25
New Positions 2
Increased Positions 2
Decreased Positions 2
Positions with Activity 4
Sold Out Positions 1
Total Mkt Value (in $ millions) 423

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

Sector Weighting

Basic Materials 17.82%
Capital Goods 0.11%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy 0.1%
Financial 49.42%
Healthcare 5.05%
Services 14.63%
Technology 10.9%
Transportation 0.25%
Utilities

25 Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held ▲
GLAXOSMITHKLINE PLC ORD -410 Sold Out 0
BERKSHIRE HATHAWAY INC DEL CL A 66,518 New 300
VERIZON COMMUNICATIONS INC COM 130 New 2,630
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 192 New 5,454
BP PLC SPONSORED ADR 416 New 10,000
ASTRAZENECA PLC SPONSORED ADR 958 New 13,000
RYANAIR HLDGS PLC SPONSORED ADR 1,069 New 17,000
GLAXOSMITHKLINE PLC SPONSORED ADR 833 833 New 18,000
CHINA YUCHAI INTL LTD COM 448 New 25,537
GOLDMAN SACHS GROUP INC COM 14,165 New 75,000
UTSTARCOM HOLDINGS CORP SHS NEW 298 New 113,627
CHUNGHWA TELECOM CO LTD SPON ADR NEW11 3,951 New 132,088
LANDS END INC NEW COM 7,318 -4,342 (37.24) 151,696
CITIGROUP INC COM NEW 22,275 New 410,000
SANOFI SPONSORED ADR 19,537 New 410,000
BLACKBERRY LTD COM 5,481 New 529,040
OVERSTOCK COM INC DEL COM 14,563 New 582,271
SEARS HLDGS CORP COM 30,534 New 803,526
BANK AMER CORP WT EXP 011619 5,916 New 836,825
SEARS HOMETOWN & OUTLET STORES COM 12,151 12,151 New 890,170