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) 335

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

Sector Weighting

Basic Materials 12.04%
Capital Goods 1.18%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy 0.11%
Financial 41.74%
Healthcare 7.11%
Services 16.88%
Technology 11.75%
Transportation 0.38%
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 -388 Sold Out 0
BERKSHIRE HATHAWAY INC DEL CL A 64,200 New 300
SEARS HLDGS CORP WT EXP 121519 8 8 New 581
BP PLC SPONSORED ADR 370 New 10,000
RYANAIR HLDGS PLC SPONSORED ADR 1,260 New 17,000
GLAXOSMITHKLINE PLC SPONSORED ADR 782 782 New 18,000
CHINA YUCHAI INTL LTD COM 382 New 25,537
ASTRAZENECA PLC SPONSORED ADR 879 New 26,000
CHICAGO BRIDGE & IRON CO N V COM 3,584 New 67,446
GOLDMAN SACHS GROUP INC COM 15,380 New 75,000
CHUNGHWA TELECOM CO LTD SPON ADR NEW11 4,101 New 132,088
ASCENT CAP GROUP INC COM SER A 5,464 5,464 New 140,000
CITIGROUP INC COM NEW 23,969 New 410,000
SANOFI SPONSORED ADR 22,136 New 410,000
BLACKBERRY LTD COM 4,092 New 529,040
OVERSTOCK COM INC DEL COM 12,321 New 582,271
SEARS CDA INC COM 4,473 New 775,149
BANK AMER CORP WT EXP 011619 5,900 New 836,825
SEARS HLDGS CORP COM 19,311 New 896,088
WELLS FARGO & CO NEW WT EXP 102818 23,890 New 997,500