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 2026-06-06 from SEC 13F data.
Live quotes available for 10 of 27 rows. Rows without a quote are marked unavailable.
| 1 | VRX | VALEANT PHARMACEUTICALS INTL | 16.64% | Add +29.7% | 3,053,843 | $53.03M | No quote | No quote |
| 2 | BRK/A | BERKSHIRE HATHAWAY INC DELCUSIP 084670108 | 12.03% | - | 150 | $38.35M | No quote | No quote |
| 3 | JPMWS | JPMORGAN CHASE & CO | 9.92% | - | 626,347 | $31.62M | No quote | No quote |
| 4 | WFCWS | WELLS FARGO & CO NEW | 6.97% | - | 997,500 | $22.23M | No quote | No quote |
| 5 | RFP | RESOLUTE FST PRODS INC | 6.88% | - | 4,963,423 | $21.92M | No quote | No quote |
| 6 | C | CITIGROUP INC | 6.53% | Reduce -24.4% | 310,000 | $20.81M | $67.13 | No quote |
| 7 | SNY | SANOFI | 6.19% | - | 410,000 | $19.72M | $48.09 | No quote |
| 8 | TEVA | TEVA PHARMACEUTICAL INDS LTD | 5.28% | Add +134.9% | 505,000 | $16.84M | $33.34 | No quote |
| 9 | GS | GOLDMAN SACHS GROUP INC | 5.24% | - | 75,000 | $16.71M | $222.73 | No quote |
| 10 | ENDPQ | ENDO INTL PLC | 3.34% | - | 950,000 | $10.65M | No quote | No quote |
| 11 | MBI | MBIA INC | 3.21% | - | 1,080,797 | $10.23M | $9.47 | No quote |
| 12 | SHLD | SEARS HLDGS CORP | 3.16% | - | 1,131,610 | $10.06M | No quote | No quote |
| 13 | OSTK | OVERSTOCK COM INC DEL | 2.99% | - | 582,271 | $9.53M | No quote | No quote |
| 14 | NOK | NOKIA CORP | 2.42% | Reduce -54.5% | 1,250,000 | $7.73M | $6.18 | No quote |
| 15 | BACWSA | BANK AMER CORP | 2.04% | - | 536,825 | $6.49M | No quote | No quote |
| 16 | BB | BLACKBERRY LTD | 1.66% | - | 529,040 | $5.31M | $10.03 | No quote |
| 17 | ASCMA | ASCENT CAP GROUP INC | 1.48% | - | 306,000 | $4.72M | No quote | No quote |
| 18 | SHOS | SEARS HOMETOWN & OUTLET STOR | 1.12% | - | 1,322,209 | $3.58M | No quote | No quote |
| 19 | SD | SANDRIDGE ENERGY INC | 0.85% | - | 156,623 | $2.71M | $17.28 | No quote |
| 20 | RYAAY | RYANAIR HLDGS PLC | 0.56% | - | 16,575 | $1.79M | $107.99 | No quote |
| 21 | CYD | CHINA YUCHAI INTL LTD | 0.42% | - | 73,364 | $1.34M | $18.28 | No quote |
| 22 | CBI | CHICAGO BRIDGE & IRON CO N V | 0.42% | - | 67,446 | $1.34M | No quote | No quote |
| 23 | PKX | POSCO | 0.41% | - | 21,000 | $1.32M | No quote | No quote |
| 24 | SRSCQ | SEARS CDA INC | 0.17% | - | 775,149 | $529K | No quote | No quote |
| 25 | GMWSB | GENERAL MTRS CO | 0.07% | - | 13,019 | $226K | 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 | 5,800,000 | $2.87M |
| 2 | - | ASCENT CAP GROUP INCNOTE 4.000% 7/1 | OTHER | 2,683,000 | $2.16M |