Chou Associates Management Inc.

Q4 2018 13F Holdings Report, Stock Holdings

Notable people: Francis Chou
Signature - Title: Francis S.M. Chou - CEO
Location: Toronto, Ontario, Canada
Holdings as of: 31 Dec 2018
Value $: $212,379,000
Num holdings: 25
Filing time: 14 Feb 2019, 11:29:49 UTC
Form type: 13F-HR
Description: All US holdings of this investor are reported in this report. Top holdings included BRKA, RFP, BHC, WFC, and SNY.
Previous filing: Q3 2018 - 13 Nov 2018
Next filing: Q1 2019 - 13 May 2019
SEC: View on sec.gov
Options Holdings: Showing stock holdings, see here for options holdings

Sym	Weight	Trade Impact	Company	Class	Share Change	Activity	Value Change $	Value $	* Price $	Shares	Principal

Filing 2018 Q4 compared to 2018 Q3 by default. Changes are calculated vs the previous SEC filing.

Compare Q4 2018 to

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name	Title	City, State	Date
Francis S.M. Chou	CEO	Toronto, Ontario, Canada	13 Feb 2019