Francis Chou - Chou Associates
As of Q2 2026, Francis Chou reported 31 long-equity positions worth $216.59M in aggregate.
Copy-investor backtest
- Latest quarter
- +2.11%
- 1-year
- +14.39%
- 3-year
- +45.08%
- 5-year
- +16.55%
- 3-year vs S&P 500
- -27.31%
- 5-year vs S&P 500
- -56.68%
- 5-year top 5
- +21.83%
Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.
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Updated 2026-09-12 from SEC 13F data.
Live quotes available for 12 of 30 rows. Rows without a quote are marked unavailable.
| 1 | BRK-A | BERKSHIRE HATHAWAY INC DEL | 12.66% | - | 150 | $32.55M | $216973.33 | No quote |
| 2 | VRX | VALEANT PHARMACEUTICALS INT INC | 11.33% | Add +48.1% | 1,446,843 | $29.14M | No quote | No quote |
| 3 | RFP | RESOLUTE FST PRODS INC | 10.09% | - | 4,904,752 | $25.95M | No quote | No quote |
| 4 | JPMWS | JPMORGAN CHASE & CO | 8.87% | - | 1,126,347 | $22.81M | No quote | No quote |
| 5 | NOK | NOKIA CORP | 8.30% | - | 3,750,000 | $21.34M | $5.69 | No quote |
| 6 | SHLD | SEARS HLDGS CORP | 7.58% | Add +38.8% | 1,431,610 | $19.48M | No quote | No quote |
| 7 | C | CITIGROUP INC | 6.76% | - | 410,000 | $17.38M | $42.39 | No quote |
| 8 | SNY | SANOFI | 6.67% | - | 410,000 | $17.16M | $41.85 | No quote |
| 9 | WFCWS | WELLS FARGO & CO NEW | 5.28% | - | 997,500 | $13.59M | No quote | No quote |
| 10 | GS | GOLDMAN SACHS GROUP INC | 4.33% | - | 75,000 | $11.14M | $148.59 | No quote |
| 11 | OSTK | OVERSTOCK COM INC DEL | 3.65% | - | 582,271 | $9.38M | No quote | No quote |
| 12 | SHOS | SEARS HOMETOWN & OUTLET STOR | 3.47% | - | 1,322,209 | $8.91M | No quote | No quote |
| 13 | MBI | MBIA INC | 2.87% | - | 1,080,797 | $7.38M | $6.83 | No quote |
| 14 | ASCMA | ASCENT CAP GROUP INC | 2.04% | New | 340,000 | $5.23M | No quote | No quote |
| 15 | BB | BLACKBERRY LTD | 1.38% | - | 529,040 | $3.55M | $6.71 | No quote |
| 16 | BACWSA | BANK AMER CORP | 1.13% | - | 836,825 | $2.91M | No quote | No quote |
| 17 | CBI | CHICAGO BRIDGE & IRON CO N V | 0.91% | New | 67,446 | $2.34M | No quote | No quote |
| 18 | SRSCQ | SEARS CDA INC | 0.90% | - | 775,149 | $2.31M | No quote | No quote |
| 19 | RYAAY | RYANAIR HLDGS PLC | 0.45% | - | 16,575 | $1.15M | $69.56 | No quote |
| 20 | PKX | POSCO | 0.36% | - | 21,000 | $935K | No quote | No quote |
| 21 | CYD | CHINA YUCHAI INTL LTD | 0.31% | - | 73,364 | $794K | $10.82 | No quote |
| 22 | AZN | ASTRAZENECA PLC | 0.30% | - | 13,000 | $773K | $59.46 | No quote |
| 23 | GSK | GLAXOSMITHKLINE PLC | 0.15% | - | 18,000 | $384K | $21.33 | No quote |
| 24 | BP | BP PLC | 0.14% | - | 10,000 | $355K | $35.50 | No quote |
| 25 | GMWSB | GENERAL MTRS CO | 0.05% | New | 13,019 | $136K | No quote | No quote |
| 28 | WLB | WESTMORELAND COAL CO | - | Sold | 0 | $0 | No quote | No quote |
| 27 | - | CHICAGO BRIDGE & IRON CO N CCUSIP 16725109 | - | Sold | 0 | $0 | No quote | No quote |
| 26 | - | ASCENT CAP GROUP INCCUSIP 43632108 | - | Sold | 0 | $0 | No quote | No quote |
Other instruments
Bonds, warrants, or non-share principal positions reported alongside the equity portfolio.
| 1 | ATLC 5.875 11/30/35 | COMPUCREDIT HLDGS CORPNOTE 5.875%11/3 | OTHER | 7,800,000 | $343.2M |
| 2 | ASCMA | ASCENT CAP GROUP INCNOTE 4.000% 7/1 | OTHER | 2,683,000 | $152.43M |