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.
Get email alerts when Francis Chou files a new 13F — sign in or create a free account.
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 | 15.56% | - | 3,053,843 | $43.76M | No quote | No quote |
| 2 | BRK/A | BERKSHIRE HATHAWAY INC DELCUSIP 084670108 | 14.65% | - | 150 | $41.21M | No quote | No quote |
| 3 | RFP | RESOLUTE FST PRODS INC | 8.91% | - | 4,963,423 | $25.07M | No quote | No quote |
| 4 | WFCWS | WELLS FARGO & CO NEW | 7.65% | - | 997,500 | $21.51M | No quote | No quote |
| 5 | SNY | SANOFI | 7.26% | - | 410,000 | $20.41M | $49.79 | No quote |
| 6 | JPMWS | JPMORGAN CHASE & CO | 7.03% | Reduce -41.5% | 366,347 | $19.78M | No quote | No quote |
| 7 | GS | GOLDMAN SACHS GROUP INC | 6.32% | - | 75,000 | $17.79M | $237.19 | No quote |
| 8 | C | CITIGROUP INC | 5.43% | Reduce -32.3% | 210,000 | $15.28M | $72.74 | No quote |
| 9 | MBI | MBIA INC | 3.34% | - | 1,080,797 | $9.4M | $8.70 | No quote |
| 10 | TEVA | TEVA PHARMACEUTICAL INDS LTD | 3.16% | - | 505,000 | $8.89M | $17.60 | No quote |
| 11 | OSTK | OVERSTOCK COM INC DEL | 3.03% | Reduce -50.8% | 286,650 | $8.51M | No quote | No quote |
| 12 | SHLD | SEARS HLDGS CORP | 2.94% | - | 1,131,610 | $8.26M | No quote | No quote |
| 13 | ENDPQ | ENDO INTL PLC | 2.89% | - | 950,000 | $8.14M | No quote | No quote |
| 14 | BB | BLACKBERRY LTD | 2.10% | - | 529,040 | $5.92M | $11.18 | No quote |
| 15 | BACWSA | BANK AMER CORP | 2.06% | Reduce -18.6% | 436,825 | $5.78M | No quote | No quote |
| 16 | NOK | NOKIA CORP | 1.81% | Reduce -32.0% | 850,000 | $5.08M | $5.98 | No quote |
| 17 | ASCMA | ASCENT CAP GROUP INC | 1.42% | - | 306,000 | $3.99M | No quote | No quote |
| 18 | SHOS | SEARS HOMETOWN & OUTLET STOR | 1.20% | - | 1,322,209 | $3.37M | No quote | No quote |
| 19 | SD | SANDRIDGE ENERGY INC | 1.12% | - | 156,623 | $3.15M | $20.09 | No quote |
| 20 | RYAAY | RYANAIR HLDGS PLC | 0.62% | - | 16,575 | $1.75M | $105.40 | No quote |
| 21 | CYD | CHINA YUCHAI INTL LTD | 0.58% | - | 73,364 | $1.63M | $22.26 | No quote |
| 22 | PKX | POSCO | 0.52% | - | 21,000 | $1.46M | No quote | No quote |
| 23 | CBI | CHICAGO BRIDGE & IRON CO N V | 0.40% | - | 67,446 | $1.13M | No quote | No quote |
| 25 | SRSCQ | SEARS CDA INC | - | Sold | 0 | $0 | No quote | No quote |
| 24 | GMWSB | GENERAL MTRS CO | - | 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 | 5,800,000 | $2.8M |
| 2 | - | ASCENT CAP GROUP INCNOTE 4.000% 7/1 | OTHER | 2,683,000 | $2.15M |