Chou Associates Management Inc.

TORONTO, A6 · CIK 1389403 · 13F filing filed 2024-08-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$139.1m reported value +56.0% vs Q1 2024

30positions

87.0%in top 10

14 new 8 added 1 reduced 2 sold out vs Q1 2024

Options: 1 call positions ($962.5k notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q2 2024

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	90	$55.1m39.62%	39.62%	Added +10	+10 12.5%
2	ALPHABET INC CAP STK CL C GOOG	GOOG	82,390	$15.1m10.87%	10.87%	New
3	APPLE INC COM AAPL	AAPL	44,000	$9.3m6.66%	6.66%	New
4	SYNCHRONY FINANCIAL COM SYF	SYF	193,202	$9.1m6.56%	6.56%	Added +73.2k	+73,202 61.0%
5	STELLANTIS N.V SHS STLA	STLA	456,388	$9.1m6.51%	6.51%	Added +426.4k	+426,388 1421.3%
6	ALLY FINL INC COM ALLY	ALLY	225,525	$8.9m6.43%	6.43%	Added +69.8k	+69,839 44.9%
7	NAVIENT CORPORATION COM NAVI	NAVI	264,245	$3.8m2.77%	2.77%	Added +80.9k	+80,907 44.1%
8	CITIGROUP INC COM NEW C	C	57,695	$3.7m2.63%	2.63%	Unchanged
9	WELLS FARGO CO NEW COM WFC	WFC	59,542	$3.5m2.54%	2.54%	Added +40.0k	+40,000 204.7%
10	POOL CORP COM POOL	POOL	10,636	$3.3m2.35%	2.35%	New
11	MOODYS CORP COM MCO	MCO	5,899	$2.5m1.79%	1.79%	New
12	PAYPAL HLDGS INC COM PYPL	PYPL	41,000	$2.4m1.71%	1.71%	New
13	LIBERTY GLOBAL LTD COM CL A LBTYA	LBTYA	121,823	$2.1m1.53%	1.53%	Added +25.0k	+25,000 25.8%
14	BANK AMERICA CORP COM BAC	BAC	50,000	$2.0m1.43%	1.43%	New
15	MBIA INC COM MBI	MBI	321,000	$1.8m1.27%	1.27%	New
16	PATHWARD FINANCIAL INC COM CASH	CASH	27,389	$1.5m1.11%	1.11%	New
17	ASSURED GUARANTY LTD COM AGO	AGO	10,990	$847.9k0.61%	0.61%	New
18	CHINA YUCHAI INTL LTD COM CYD	CYD	73,364	$667.6k0.48%	0.48%	Unchanged
19	LIBERTY MEDIA CORP DEL COM LBTY SRM S C LSXMK	LSXMK	28,282	$626.7k0.45%	0.45%	Added +13.2k	+13,250 88.2%
20	HERTZ GLOBAL HLDGS INC *W EXP 06/30/205 HTZWW	HTZWW	242,217	$590.9k0.42%	0.42%	Reduced -499.4k	-499,366 -67.3%
21	JEFFERIES FINL GROUP INC COM JEF	JEF	10,987	$546.7k0.39%	0.39%	New
22	LOUISIANA PAC CORP COM LPX	LPX	5,886	$484.6k0.35%	0.35%	New
23	LEAR CORP COM NEW LEA	LEA	4,000	$456.8k0.33%	0.33%	New
24	MAGNA INTL INC COM MGA	MGA	10,000	$419.0k0.30%	0.30%	Unchanged
25	IMPERIAL OIL LTD COM NEW IMO	IMO	5,000	$340.9k0.25%	0.25%	Unchanged
26	RYANAIR HOLDINGS PLC SPONSORED ADR RYAAY	RYAAY	2,375	$276.5k0.20%	0.20%	Unchanged
27	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	3,400	$244.8k0.18%	0.18%	Unchanged
28	METHANEX CORP COM MEOH	MEOH	4,000	$193.1k0.14%	0.14%	Unchanged
29	CREDIT ACCEP CORP MICH COM CACC	CACC	262	$134.8k0.10%	0.10%	New
30	VITESSE ENERGY INC COMMON STOCK VTS	VTS	1,293	$30.6k0.02%	0.02%	New

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
BAUSCH HEALTH COS INC BHC	BHC	715,000	$7.8m715.0k shares
BLACKBERRY LTD BB	BB	312,900	$876.1k312.9k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
ALIBABA GROUP HLDG LTD BABA · Call	BABA	Call	38,500	$962.5k38.5k shares	New