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 14 of 20 rows. Rows without a quote are marked unavailable.
| 1 | BRK-A | BERKSHIRE HATHAWAY INC DEL | 26.75% | - | 100 | $34.78M | $347820.00 | |
| 2 | BHC | BAUSCH HEALTH COS INC | 24.62% | - | 1,538,992 | $32.01M | $20.80 | |
| 3 | RFP | RESOLUTE FST PRODS INC | 23.00% | - | 4,571,960 | $29.9M | No quote | No quote |
| 4 | WFC | WELLS FARGO CO NEW | 4.86% | - | 209,542 | $6.32M | $30.18 | |
| 5 | GS | GOLDMAN SACHS GROUP INC | 3.65% | Reduce -10.0% | 18,000 | $4.75M | $263.72 | |
| 6 | JPM | JPMORGAN CHASE & CO | 3.35% | - | 34,275 | $4.36M | $127.06 | |
| 7 | C | CITIGROUP INC | 3.21% | - | 67,695 | $4.17M | $61.66 | |
| 8 | MBI | MBIA INC | 3.14% | Reduce -5.1% | 619,530 | $4.08M | $6.58 | |
| 9 | BB | BLACKBERRY LTD | 2.19% | - | 429,040 | $2.85M | $6.63 | |
| 10 | MGA | MAGNA INTL INC | 1.09% | - | 20,000 | $1.42M | $70.80 | |
| 11 | PKX | POSCO | 1.01% | - | 21,000 | $1.31M | No quote | No quote |
| 12 | DVA | DAVITA INC | 0.97% | Reduce -52.8% | 10,743 | $1.26M | $117.38 | |
| 13 | CYD | CHINA YUCHAI INTL LTD | 0.92% | - | 73,364 | $1.2M | $16.34 | |
| 14 | BAC | BANK AMER CORP | 0.43% | - | 18,376 | $557K | $30.31 | |
| 15 | FCAU | FIAT CHRYSLER AUTOMOBILES N | 0.42% | - | 30,000 | $543K | No quote | No quote |
| 16 | RYAAY | RYANAIR HLDGS PLC | 0.39% | - | 4,575 | $503K | $109.95 | |
| 18 | SAVE | SPIRIT AIRLS INC | - | Sold | 0 | $0 | No quote | No quote |
| 17 | ALGT | ALLEGIANT TRAVEL CO | - | 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.