Chou Associates Management

Chou Associates Management as of Sept. 30, 2011

Portfolio Holdings for Chou Associates Management

Chou Associates Management holds 34 positions in its portfolio as reported in the September 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Watson Pharmaceuticals 13.1 $43M 635k 68.25
AbitibiBowater 12.2 $40M 2.7M 15.00
Berkshire Hathaway (BRK.A) 9.7 $32M 300.00 106800.00
Sears Holdings Corporation 8.4 $28M 484k 57.52
Overstock (BYON) 6.5 $21M 2.3M 9.27
Sprint Nextel Corporation 5.6 $19M 6.1M 3.04
Bank Of America Corporation warrant 5.2 $17M 6.4M 2.71
Goldman Sachs (GS) 4.7 $16M 165k 94.55
Sanofi-Aventis SA (SNY) 4.0 $13M 410k 32.80
Jpmorgan Chase & Co. w exp 10/201 3.6 $12M 1.3M 9.31
RadioShack Corporation 3.5 $12M 1.0M 11.62
Flagstone Reinsurance Holdin 3.5 $12M 1.5M 7.75
MannKind Corporation 2.8 $9.2M 2.4M 3.79
Wts Wells Fargo & Co. 2.3 $7.7M 998k 7.71
Gap (GPS) 1.8 $6.1M 376k 16.24
Citigroup (C) 1.7 $5.5M 215k 25.62
Mannkind Corp note 3.750%12/1 1.5 $5.0M 8.9M 0.56
Office Depot 1.5 $4.8M 2.3M 2.06
Primus Telecommunications Grou 1.4 $4.8M 451k 10.63
Valeant Pharmaceuticals Int 1.4 $4.7M 126k 37.12
Chunghwa Telecom Co Ltd - (CHT) 1.3 $4.4M 132k 33.00
Gannett 0.9 $3.1M 323k 9.53
SK Tele 0.7 $2.4M 170k 14.07
Level 3 Communications Inc note 6.500%10/0 0.6 $2.1M 1.5M 1.45
Media General 0.6 $1.8M 949k 1.91
Symetra Finl Corp 0.4 $1.4M 174k 8.15
UTStar 0.4 $1.3M 1.2M 1.02
Qiao Xing Mobile 0.2 $733k 733k 1.00
Ryanair Holdings 0.2 $695k 27k 25.74
BP (BP) 0.1 $361k 10k 36.10
China Yuchai Intl (CYD) 0.1 $371k 25k 14.59
Vodafone 0.1 $257k 10k 25.70
Nokia Corporation (NOK) 0.1 $170k 30k 5.67
Cryptologic 0.0 $50k 45k 1.11