0001144204-11-047418.txt : 20110815 0001144204-11-047418.hdr.sgml : 20110815 20110815170901 ACCESSION NUMBER: 0001144204-11-047418 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110630 FILED AS OF DATE: 20110815 DATE AS OF CHANGE: 20110815 EFFECTIVENESS DATE: 20110815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Chou Associates Fund CENTRAL INDEX KEY: 0001389402 IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14561 FILM NUMBER: 111037635 BUSINESS ADDRESS: STREET 1: 95 WELLINGTON STREET WEST, SUITE 710 STREET 2: P.O. BOX 27 CITY: TORONTO STATE: A6 ZIP: M5J 2N7 BUSINESS PHONE: 416.214.0675 MAIL ADDRESS: STREET 1: 95 WELLINGTON STREET WEST, SUITE 710 STREET 2: P.O. BOX 27 CITY: TORONTO STATE: A6 ZIP: M5J 2N7 13F-HR 1 v232298_13f.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F Form 13F Cover Page Report for the Calendar Year or Quarter Ended: June 30, 2011 Check here if Amendment [ ] Amendment Number: ______ This Amendment (Check only one.): [ ] is a restatement [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Chou Associates Management Inc. Address: 110 Sheppard Avenue East Suite 301, Box 18 Toronto ON M2N 6Y8 Form 13F File Number: 028-12878 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Francis S.M. Chou Title: CEO Phone: (416) 214-0675 Signature, Place, and Date of Signing: /s/ Francis S.M. Chou Toronto, ON August 15, 2011 ------------------------ ------------------------- ------------------------- (Signature) (City, State) (Date) Report Type ( Check only one.): [x] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 32 Form 13F Information Table Value Total: 441,961 (thousands) List of Other Included Managers: NONE FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------- ---------------- --------- -------- ------------------- ---------- -------- ---------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- ABITIBIBOWATER INC COM NEW 003687209 48,589 2,393,549 SH SOLE 2,393,549 0 0 BANK OF AMERICA CORPORATION W EXP 01/16/201 060505146 24,376 4,400,000 SH SOLE 4,400,000 0 0 BERKSHIRE HATHAWAY INC DEL CL A 084670108 34,831 300 SH SOLE 300 0 0 BP PLC SPONSORED ADR 055622104 443 10,000 SH SOLE 10,000 0 0 CHUNGHWA TELECOM CO LTD SPON ADR NEW11 17133Q106 4,564 132,088 SH SOLE 132,088 0 0 COMPUCREDIT HLDGS CORP NOTE 5.875%11/3 20478NAD2 5,699 13,150,000 PRN SOLE 13,150,000 0 0 CRYPTOLOGIC LIMITED SHS G3159C109 90 60,000 SH SOLE 60,000 0 0 FLAGSTONE REINSURANCE HOLDIN COM L3466T104 12,645 1,500,000 SH SOLE 1,500,000 0 0 GANNETT INC COM 364730101 4,626 323,035 SH SOLE 323,035 0 0 GAP INC DEL COM 364760108 2,420 133,700 SH SOLE 133,700 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 15,305 115,000 SH SOLE 115,000 0 0 JPMORGAN CHASE & CO W EXP 10/28/201 46634E114 10,519 780,913 SH SOLE 780,913 0 0 LEVEL 3 COMMUNICATIONS INC NOTE 15.000% 1/1 52729NBM1 56,541 35,250,000 PRN SOLE 35,250,000 0 0 LEVEL 3 COMMUNICATIONS INC NOTE 6.500%10/0 52729NBR0 3,102 1,470,000 PRN SOLE 1,470,000 0 0 MANNKIND CORP NOTE 3.750%12/1 56400PAA0 5,598 9,800,000 PRN SOLE 9,800,000 0 0 MANNKIND CORP COM 56400P201 9,268 2,438,989 SH SOLE 2,438,989 0 0 MEDIA GEN INC CL A 584404107 3,625 949,082 SH SOLE 949,082 0 0 NOKIA CORP SPONSORED ADR 654902204 193 30,000 SH SOLE 30,000 0 0 OFFICE DEPOT INC COM 676220106 1,572 372,503 SH SOLE 372,503 0 0 OVERSTOCK COM INC DEL COM 690370101 33,784 2,219,709 SH SOLE 2,219,709 0 0 RADIOSHACK CORP COM 750438103 13,310 1,000,000 SH SOLE 1,000,000 0 0 RYANAIR HLDGS PLC SPONSORED ADR 783513104 792 27,000 SH SOLE 27,000 0 0 SANOFI SPONSORED ADR 80105N105 16,470 410,000 SH SOLE 410,000 0 0 SEARS HLDGS CORP COM 812350106 28,146 393,977 SH SOLE 393,977 0 0 SK TELECOM LTD SPONSORED ADR 78440P108 3,179 170,000 SH SOLE 170,000 0 0 SPRINT NEXTEL CORP COM SER 1 852061100 33,004 6,123,200 SH SOLE 6,123,200 0 0 SYMETRA FINL CORP COM 87151Q106 2,337 174,000 SH SOLE 174,000 0 0 UTSTARCOM INC COM 918076100 1,945 1,247,051 SH SOLE 1,247,051 0 0 VALEANT PHARMACEUTICALS INTL COM 91911K102 11,763 226,377 SH SOLE 226,377 0 0 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 267 10,000 SH SOLE 10,000 0 0 WATSON PHARMACEUTICALS INC COM 942683103 43,671 635,400 SH SOLE 635,400 0 0 WELLS FARGO & CO NEW W EXP 10/28/201 949746119 9,287 997,500 SH SOLE 997,500 0 0