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 16 of 28 rows. Rows without a quote are marked unavailable.
| 1 | BRK-A | BERKSHIRE HATHAWAY INC DEL | 21.88% | - | 150 | $45.9M | $306000.00 | No quote |
| 2 | RFP | RESOLUTE FST PRODS INC | 17.29% | - | 4,571,960 | $36.26M | No quote | No quote |
| 3 | BHC | BAUSCH HEALTH COS INC | 14.52% | - | 1,648,992 | $30.46M | $18.47 | No quote |
| 4 | WFC | WELLS FARGO CO NEW | 9.55% | - | 434,542 | $20.02M | $46.08 | No quote |
| 5 | SNY | SANOFI | 6.17% | Reduce -17.2% | 298,000 | $12.94M | $43.41 | No quote |
| 6 | JPM | JPMORGAN CHASE & CO | 5.09% | - | 109,275 | $10.67M | $97.62 | No quote |
| 7 | MBI | MBIA INC | 4.05% | Reduce -0.6% | 952,531 | $8.5M | $8.92 | No quote |
| 8 | GS | GOLDMAN SACHS GROUP INC | 3.98% | - | 50,000 | $8.35M | $167.04 | No quote |
| 9 | DVA | DAVITA INC | 3.45% | - | 140,743 | $7.24M | $51.46 | No quote |
| 10 | C | CITIGROUP INC | 3.23% | - | 130,000 | $6.77M | $52.06 | No quote |
| 11 | ENDPQ | ENDO INTL PLC | 3.06% | - | 880,000 | $6.42M | No quote | No quote |
| 12 | BB | BLACKBERRY LTD | 1.79% | - | 529,040 | $3.76M | $7.11 | No quote |
| 13 | SAVE | SPIRIT AIRLS INC | 1.38% | - | 50,000 | $2.9M | No quote | No quote |
| 14 | SHOS | SEARS HOMETOWN & OUTLET STOR | 1.32% | Reduce -0.8% | 1,301,960 | $2.77M | No quote | No quote |
| 15 | BAC | BANK AMER CORP | 1.10% | - | 93,376 | $2.3M | $24.64 | No quote |
| 16 | PKX | POSCO | 0.55% | - | 21,000 | $1.15M | No quote | No quote |
| 17 | CYD | CHINA YUCHAI INTL LTD | 0.44% | - | 73,364 | $913K | $12.44 | No quote |
| 18 | MGA | MAGNA INTL INC | 0.43% | New | 20,000 | $909K | $45.45 | No quote |
| 19 | FCAU | FIAT CHRYSLER AUTOMOBILES N | 0.21% | New | 30,000 | $434K | No quote | No quote |
| 20 | ALGT | ALLEGIANT TRAVEL CO | 0.21% | - | 4,317 | $433K | $100.30 | No quote |
| 21 | RYAAY | RYANAIR HLDGS PLC | 0.16% | - | 4,575 | $326K | $71.26 | No quote |
| 22 | TEVA | TEVA PHARMACEUTICAL INDS LTD | 0.11% | - | 15,000 | $231K | $15.40 | No quote |
| 23 | ASCMA | ASCENT CAP GROUP INC | 0.03% | Reduce -44.4% | 149,104 | $58K | No quote | No quote |
| 24 | SHLD | SEARS HLDGS CORP | 0.01% | Reduce -80.4% | 99,135 | $27K | 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 | $2.66M |