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 | 20.12% | - | 150 | $45.15M | $301000.00 | No quote |
| 2 | BHC | BAUSCH HEALTH COS INC | 18.02% | - | 1,648,992 | $40.43M | $24.52 | No quote |
| 3 | RFP | RESOLUTE FST PRODS INC | 16.28% | - | 4,571,960 | $36.53M | No quote | No quote |
| 4 | WFC | WELLS FARGO CO NEW | 9.51% | - | 434,542 | $21.33M | $49.09 | No quote |
| 5 | JPM | JPMORGAN CHASE & CO | 4.90% | - | 109,275 | $11.01M | $100.71 | No quote |
| 6 | SNY | SANOFI | 4.89% | Reduce -16.8% | 248,000 | $10.98M | $44.26 | No quote |
| 7 | GS | GOLDMAN SACHS GROUP INC | 4.26% | - | 50,000 | $9.56M | $191.18 | No quote |
| 8 | MBI | MBIA INC | 4.19% | - | 952,531 | $9.41M | $9.88 | No quote |
| 9 | C | CITIGROUP INC | 3.59% | - | 130,000 | $8.06M | $61.98 | No quote |
| 10 | DVA | DAVITA INC | 3.36% | - | 140,743 | $7.53M | $53.52 | No quote |
| 11 | ENDPQ | ENDO INTL PLC | 3.14% | - | 880,000 | $7.05M | No quote | No quote |
| 12 | BB | BLACKBERRY LTD | 2.09% | - | 529,040 | $4.69M | $8.86 | No quote |
| 13 | SHOS | SEARS HOMETOWN & OUTLET STOR | 1.20% | - | 1,301,960 | $2.7M | No quote | No quote |
| 14 | SAVE | SPIRIT AIRLS INC | 1.15% | - | 50,000 | $2.59M | No quote | No quote |
| 15 | BAC | BANK AMER CORP | 1.14% | - | 93,376 | $2.55M | $27.33 | No quote |
| 16 | PKX | POSCO | 0.52% | - | 21,000 | $1.17M | No quote | No quote |
| 17 | CYD | CHINA YUCHAI INTL LTD | 0.51% | - | 73,364 | $1.15M | $15.70 | No quote |
| 18 | MGA | MAGNA INTL INC | 0.43% | - | 20,000 | $972K | $48.60 | No quote |
| 19 | ALGT | ALLEGIANT TRAVEL CO | 0.24% | - | 4,317 | $547K | $126.71 | No quote |
| 20 | FCAU | FIAT CHRYSLER AUTOMOBILES N | 0.20% | - | 30,000 | $444K | No quote | No quote |
| 21 | RYAAY | RYANAIR HLDGS PLC | 0.15% | - | 4,575 | $342K | $74.75 | No quote |
| 22 | TEVA | TEVA PHARMACEUTICAL INDS LTD | 0.10% | - | 15,000 | $234K | $15.60 | No quote |
| 24 | SHLD | SEARS HLDGS CORP | - | Sold | 0 | $0 | No quote | No quote |
| 23 | ASCMA | ASCENT CAP GROUP INC | - | 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 | $2.45M |