Chou Associates Management

Chou Associates Management as of Dec. 31, 2011

Portfolio Holdings for Chou Associates Management

Chou Associates Management holds 31 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
AbitibiBowater 12.3 $39M 2.7M 14.55
Watson Pharmaceuticals 12.2 $38M 635k 60.34
Berkshire Hathaway (BRK.A) 11.0 $34M 300.00 114756.67
Sears Holdings Corporation 5.9 $19M 584k 31.78
Overstock (BYON) 5.8 $18M 2.3M 7.84
Bank Of America Corporation warrant 5.8 $18M 9.0M 2.02
Sanofi-Aventis SA (SNY) 4.8 $15M 410k 36.54
Goldman Sachs (GS) 4.8 $15M 165k 90.43
Sprint Nextel Corporation 4.6 $14M 6.1M 2.34
RadioShack Corporation 4.0 $13M 1.3M 9.71
Flagstone Reinsurance Holdin 4.0 $12M 1.5M 8.29
Jpmorgan Chase & Co. w exp 10/201 3.5 $11M 1.3M 8.50
Citigroup (C) 3.4 $11M 410k 26.31
Wts Wells Fargo & Co. 2.7 $8.6M 998k 8.58
Gap (GAP) 2.2 $7.0M 376k 18.55
Valeant Pharmaceuticals Int 1.9 $5.9M 126k 46.69
Primus Telecommunications Grou 1.8 $5.7M 451k 12.66
Mannkind Corp note 3.750%12/1 1.7 $5.3M 9.9M 0.54
Office Depot 1.6 $5.0M 2.3M 2.15
Chunghwa Telecom Co Ltd - (CHT) 1.4 $4.4M 132k 33.28
Media General 1.1 $3.6M 879k 4.07
SK Tele 0.7 $2.3M 170k 13.61
Level 3 Communications Inc note 6.500%10/0 0.6 $1.8M 1.5M 1.21
Utstarcom Holdings Corpf 0.6 $1.7M 1.2M 1.38
Qiao Xing Mobile 0.5 $1.6M 1.6M 1.00
Symetra Finl Corp 0.5 $1.6M 174k 9.07
Ryanair Holdings 0.2 $752k 27k 27.85
BP (BP) 0.1 $427k 10k 42.70
China Yuchai Intl (CYD) 0.1 $352k 26k 13.78
Vodafone 0.1 $280k 10k 28.00
Nokia Corporation (NOK) 0.1 $145k 30k 4.83