Chou Associates Management Inc.

TORONTO, A6 · CIK 1389403 · 13F filing filed 2025-08-13

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.

$182.8m reported value -1.2% vs Q1 2025

31positions

85.0%in top 10

0 new 2 added 2 reduced 2 sold out vs Q1 2025

Holdings, Q2 2025

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	86	$62.7m34.28%	34.28%	Unchanged
2	SIRIUSXM HOLDINGS INC COMMON STOCK SIRI	SIRI	702,462	$16.1m8.82%	8.82%	Unchanged
3	ALPHABET INC CAP STK CL C GOOG	GOOG	82,390	$14.6m7.99%	7.99%	Unchanged
4	SYNCHRONY FINANCIAL COM SYF	SYF	215,702	$14.4m7.87%	7.87%	Unchanged
5	OCCIDENTAL PETE CORP COM OXY	OXY	313,000	$13.1m7.19%	7.19%	Added +245.0k	+245,000 360.3%
6	APPLE INC COM AAPL	AAPL	44,000	$9.0m4.94%	4.94%	Unchanged
7	ALLY FINL INC COM ALLY	ALLY	225,525	$8.8m4.80%	4.80%	Unchanged
8	STELLANTIS N.V SHS STLA	STLA	692,000	$6.9m3.80%	3.80%	Reduced -704.4k	-704,388 -50.4%
9	CITIGROUP INC COM NEW C	C	57,695	$4.9m2.69%	2.69%	Unchanged
10	WELLS FARGO CO NEW COM WFC	WFC	59,542	$4.8m2.61%	2.61%	Unchanged
11	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	41,900	$4.8m2.60%	2.60%	Unchanged
12	POOL CORP COM POOL	POOL	10,636	$3.1m1.70%	1.70%	Unchanged
13	PAYPAL HLDGS INC COM PYPL	PYPL	41,000	$3.0m1.67%	1.67%	Unchanged
14	MOODYS CORP COM MCO	MCO	5,899	$3.0m1.62%	1.62%	Unchanged
15	GENERAL MTRS CO COM GM	GM	52,000	$2.6m1.40%	1.40%	Unchanged
16	BANK AMERICA CORP COM BAC	BAC	50,000	$2.4m1.29%	1.29%	Unchanged
17	PATHWARD FINANCIAL INC COM CASH	CASH	27,389	$2.2m1.19%	1.19%	Unchanged
18	MBIA INC COM MBI	MBI	321,000	$1.4m0.76%	0.76%	Unchanged
19	ASSURED GUARANTY LTD COM AGO	AGO	10,990	$957.2k0.52%	0.52%	Unchanged
20	METHANEX CORP COM MEOH	MEOH	20,000	$662.2k0.36%	0.36%	Added +16.0k	+16,000 400.0%
21	JEFFERIES FINL GROUP INC COM JEF	JEF	10,987	$600.9k0.33%	0.33%	Unchanged
22	CHINA YUCHAI INTL LTD COM CYD	CYD	23,364	$558.6k0.31%	0.31%	Reduced -50.0k	-50,000 -68.2%
23	LOUISIANA PAC CORP COM LPX	LPX	5,886	$506.1k0.28%	0.28%	Unchanged
24	IMPERIAL OIL LTD COM NEW IMO	IMO	5,000	$397.2k0.22%	0.22%	Unchanged
25	MAGNA INTL INC COM MGA	MGA	10,000	$386.1k0.21%	0.21%	Unchanged
26	LEAR CORP COM NEW LEA	LEA	4,000	$379.9k0.21%	0.21%	Unchanged
27	RYANAIR HOLDINGS PLC SPONSORED ADR RYAAY	RYAAY	5,937	$342.4k0.19%	0.19%	Unchanged
28	SUNRISE COMMUNICATIONS AG ADS CL A SNRE	SNRE	2,400	$135.7k0.07%	0.07%	Unchanged
29	CREDIT ACCEP CORP MICH COM CACC	CACC	262	$133.5k0.07%	0.07%	Unchanged
30	VITESSE ENERGY INC COMMON STOCK VTS	VTS	1,293	$28.6k0.02%	0.02%	Unchanged
31	HERTZ GLOBAL HLDGS INC *W EXP 06/30/205 · principal HTZWW · principal	HTZWW	1,000	$3.6k0.00%	0.00%	Unchanged

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
GROUPON INC GRPN 6.25 03.15.27 *	GRPN 6.25 03.15.27 *	3,000,000	$3.1m3.0m shares
LIBERTY GLOBAL LTD LBTYA	LBTYA	12,000	$138.1k12.0k shares