Chou Associates Management

Chou Associates Management as of March 31, 2011

Portfolio Holdings for Chou Associates Management

Chou Associates Management holds 28 positions in its portfolio as reported in the March 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
AbitibiBowater 15.9 $64M 2.4M 26.87
Level 3 Communications conv 12.7 $51M 39M 1.31
Watson Pharmaceuticals 8.9 $36M 635k 56.01
Overstock (BYON) 8.7 $35M 2.2M 15.72
Bank Of America Corporation warrant 8.0 $32M 4.2M 7.67
Sprint Nextel Corporation 7.1 $28M 6.1M 4.64
Sears Holdings Corporation 6.9 $28M 334k 82.65
Berkshire Hathaway (BRK.A) 5.9 $24M 190.00 125300.00
Valeant Pharmaceuticals Int 4.0 $16M 326k 49.81
Sanofi-Aventis SA (SNY) 3.6 $14M 410k 35.22
Flagstone Reinsurance Holdin 3.4 $14M 1.5M 9.01
Wts Wells Fargo & Co. 2.8 $11M 998k 11.30
MannKind Corporation 2.2 $8.9M 2.4M 3.65
Media General 1.6 $6.5M 949k 6.88
Mannkind Corp note 3.750%12/1 1.3 $5.4M 11M 0.50
Gannett 1.2 $4.9M 323k 15.23
International Coal 1.1 $4.5M 400k 11.30
Chunghwa Tele 1.0 $4.1M 132k 31.16
SK Tele 0.8 $3.2M 170k 18.81
UTStar 0.7 $2.9M 1.2M 2.35
Symetra Finl Corp 0.6 $2.4M 174k 13.60
Level 3 Communications Inc note 6.500%10/0 0.5 $2.1M 1.5M 1.46
Office Depot 0.4 $1.7M 373k 4.63
Ryanair Holdings 0.2 $751k 27k 27.81
BP (BP) 0.1 $441k 10k 44.10
Vodafone 0.1 $288k 10k 28.80
Nokia Corporation (NOK) 0.1 $255k 30k 8.50
Cryptologic 0.0 $98k 60k 1.63