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) 360

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

Sector Weighting

Basic Materials 13.53%
Capital Goods 1.15%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy 0.12%
Financial 38.46%
Healthcare 6.09%
Services 21.3%
Technology 11.55%
Transportation 0.31%
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 -409 Sold Out 0
SEARS HLDGS CORP WT EXP 121519 15 15 New 581
BP PLC SPONSORED ADR 415 New 10,000
CHINA YUCHAI INTL LTD COM 480 New 25,537
GLAXOSMITHKLINE PLC SPONSORED ADR 799 799 New 18,000
ASTRAZENECA PLC SPONSORED ADR 878 New 13,000
RYANAIR HLDGS PLC SPONSORED ADR 1,132 New 17,000
CHICAGO BRIDGE & IRON CO N V COM 3,660 New 67,446
CHUNGHWA TELECOM CO LTD SPON ADR NEW11 4,183 New 132,088
BANK AMER CORP WT EXP 011619 4,728 New 836,825
BLACKBERRY LTD COM 5,185 New 529,040
ASCENT CAP GROUP INC COM SER A 5,646 5,646 New 140,000
SEARS CDA INC COM 6,504 New 775,149
SEARS HOMETOWN & OUTLET STORES COM 9,322 New 1,322,209
MBIA INC COM 9,749 New 1,080,797
OVERSTOCK COM INC DEL COM 12,595 New 582,271
GOLDMAN SACHS GROUP INC COM 15,464 New 75,000
SANOFI SPONSORED ADR 20,258 New 410,000
WELLS FARGO & CO NEW WT EXP 102818 22,033 New 997,500
CITIGROUP INC COM NEW 22,173 New 410,000