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
- +2.05%
- 1-year
- +14.32%
- 3-year
- +44.37%
- 5-year
- +26.27%
- 3-year vs S&P 500
- -28.02%
- 5-year vs S&P 500
- -46.96%
- 5-year top 5
- +34.71%
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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Live quotes available for 15 of 31 rows. Rows without a quote are marked unavailable.
| 1 | RFP | RESOLUTE FST PRODS INC | 21.44% | - | 4,571,960 | $59.21M | No quote | No quote |
| 2 | BRK-A | BERKSHIRE HATHAWAY INC DEL | 17.38% | - | 150 | $48M | $320000.00 | No quote |
| 3 | BHC | BAUSCH HEALTH COS INC | 15.33% | New | 1,648,992 | $42.33M | $25.67 | No quote |
| 4 | WFC | WELLS FARGO CO NEW | 8.27% | New | 434,542 | $22.84M | $52.56 | No quote |
| 5 | SNY | SANOFI | 5.82% | Reduce -12.2% | 360,000 | $16.08M | $44.67 | No quote |
| 6 | ENDPQ | ENDO INTL PLC | 5.36% | - | 880,000 | $14.81M | No quote | No quote |
| 7 | JPM | JPMORGAN CHASE & CO | 4.46% | New | 109,275 | $12.33M | $112.84 | No quote |
| 8 | GS | GOLDMAN SACHS GROUP INC | 4.06% | Reduce -33.3% | 50,000 | $11.21M | $224.24 | No quote |
| 9 | MBI | MBIA INC | 3.71% | Reduce -11.3% | 958,097 | $10.24M | $10.69 | No quote |
| 10 | DVA | DAVITA INC | 3.65% | - | 140,743 | $10.08M | $71.63 | No quote |
| 11 | C | CITIGROUP INC | 3.38% | Reduce -38.1% | 130,000 | $9.33M | $71.74 | No quote |
| 12 | BB | BLACKBERRY LTD | 2.17% | - | 529,040 | $5.99M | $11.32 | No quote |
| 13 | SHOS | SEARS HOMETOWN & OUTLET STOR | 1.35% | Reduce -0.8% | 1,311,960 | $3.74M | No quote | No quote |
| 14 | BAC | BANK AMER CORP | 1.00% | New | 93,376 | $2.75M | $29.46 | No quote |
| 15 | SAVE | SPIRIT AIRLS INC | 0.85% | - | 50,000 | $2.35M | No quote | No quote |
| 16 | PKX | POSCO | 0.50% | - | 21,000 | $1.39M | No quote | No quote |
| 17 | CYD | CHINA YUCHAI INTL LTD | 0.46% | - | 73,364 | $1.27M | $17.27 | No quote |
| 18 | ALGT | ALLEGIANT TRAVEL CO | 0.20% | - | 4,317 | $547K | $126.71 | No quote |
| 19 | SHLD | SEARS HLDGS CORP | 0.18% | Reduce -55.3% | 505,381 | $489K | No quote | No quote |
| 20 | ASCMA | ASCENT CAP GROUP INC | 0.17% | Reduce -12.4% | 268,000 | $474K | No quote | No quote |
| 21 | RYAAY | RYANAIR HLDGS PLC | 0.16% | - | 4,575 | $439K | $95.96 | No quote |
| 22 | TEVA | TEVA PHARMACEUTICAL INDS LTD | 0.12% | - | 15,000 | $323K | $21.53 | No quote |
| 28 | WFCWS | WELLS FARGO & CO NEW | - | Sold | 0 | $0 | No quote | No quote |
| 27 | VRX | VALEANT PHARMACEUTICALS INTL | - | Sold | 0 | $0 | No quote | No quote |
| 26 | OSTK | OVERSTOCK COM INC DEL | - | Sold | 0 | $0 | No quote | No quote |
| 25 | NOK | NOKIA CORP | - | Sold | 0 | $0 | No quote | No quote |
| 24 | JPMWS | JPMORGAN CHASE & CO | - | Sold | 0 | $0 | No quote | No quote |
| 23 | BACWSA | BANK AMER CORP | - | Sold | 0 | $0 | No quote | No quote |
Options positions
Put = right to sell at strike (a bearish bet). Call = right to buy at strike (bullish via leverage). The notional column shows the underlying market value reported to the SEC, not the option premium paid - these don't add to the long-equity % portfolio above.
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 | 4,800,000 | $2.56M |