Chou Associates

Q2 2013 13F · by Francis Chou, portfolio manager

Picture96.3% US stock

Full picture · of what this 13F reports is US stock

First filing on record. Nothing to compare against.

Concentrated · behaves like 12 equal-sized positions

Turnover · first filing on record


BRK.ABerkshire Hathaway Inc.	14.17%	300	$51M	held	—	new
7AB1Resolute Forest Products	13.82%	3,745,350	$49M	held	—	new
unresolvedDell Inc	9.35%	2,500,000	$33M	held	—	new
NXHNeighborhood Intelligence, Inc.	8.58%	1,086,725	$31M	held	—	new
SHLDSears Holdings Corp	8.06%	683,700	$29M	held	—	new
unresolvedActavis Inc	6.56%	185,400	$23M	held	—	new
SNYSanofi	5.92%	410,000	$21M	held	—	new
CCitigroup Inc.	5.51%	410,000	$20M	held	—	new
NOKNokia Corporation	5.24%	5,000,000	$19M	held	—	new
unresolvedJpmorgan Chase & Co	4.92%	1,126,347	$18M	held	—	new
MBIMBIA Inc.	4.03%	1,080,797	$14M	held	—	new
unresolvedWells Fargo Warrants, 34.01 St	3.82%	997,500	$14M	held	—	new
GSGoldman Sachs Group Inc.	3.18%	75,000	$11M	held	—	new
unresolvedPrimus Telecommunications Gr	1.51%	451,022	$5M	held	—	new
unresolvedBank Of America Corporation	1.28%	836,825	$5M	held	—	new
CHTChunghwa Telecom Co., Ltd	1.19%	132,088	$4M	held	—	new
unresolvedSprint Nextel Corp	0.83%	423,200	$3M	held	—	new
unresolvedRadioshack Corp	0.70%	794,071	$3M	held	—	new
unresolvedResearch In Motion	0.54%	185,000	$2M	held	—	new
unresolvedRyanair Holdings PLC ADR	0.39%	27,000	$1M	held	—	new
CYDChina Yuchai International Ltd.	0.13%	25,537	$450,000	held	—	new
BPBP p.l.c.	0.12%	10,000	$417,000	held	—	new
unresolvedVodafone Group PLC New	0.08%	10,000	$287,000	held	—	new
unresolvedUtstarcom Holdings Corp	0.08%	113,627	$302,000	held	—	new