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 19 rows. Rows without a quote are marked unavailable.
| 1 | BHC | BAUSCH HEALTH COS INC | 26.18% | - | 1,495,000 | $41.64M | $27.85 | |
| 2 | BRK-A | BERKSHIRE HATHAWAY INC DEL | 25.86% | - | 100 | $41.14M | $411380.00 | |
| 3 | RFP | RESOLUTE FST PRODS INC | 24.68% | Reduce -16.3% | 3,299,460 | $39.26M | No quote | No quote |
| 4 | WFC | WELLS FARGO CO NEW | 4.95% | - | 169,542 | $7.87M | $46.41 | |
| 5 | MBI | MBIA INC | 4.84% | - | 599,530 | $7.7M | $12.85 | |
| 6 | JPM | JPMORGAN CHASE & CO | 3.53% | - | 34,275 | $5.61M | $163.68 | |
| 7 | C | CITIGROUP INC | 2.55% | - | 57,695 | $4.05M | $70.18 | |
| 8 | BB | BLACKBERRY LTD | 2.34% | Reduce -4.3% | 382,900 | $3.73M | $9.73 | |
| 9 | GS | GOLDMAN SACHS GROUP INC | 1.69% | - | 7,100 | $2.68M | $378.03 | |
| 10 | MGA | MAGNA INTL INC | 0.95% | - | 20,000 | $1.51M | $75.25 | |
| 11 | PKX | POSCO | 0.91% | - | 21,000 | $1.45M | No quote | No quote |
| 12 | CYD | CHINA YUCHAI INTL LTD | 0.63% | - | 73,364 | $997K | $13.59 | |
| 13 | STLA | STELLANTIS | 0.36% | - | 30,000 | $573K | $19.10 | |
| 14 | RYAAY | RYANAIR HLDGS PLC | 0.32% | - | 4,575 | $504K | $110.16 | |
| 15 | LBTYA | LIBERTY GLOBAL PLC | 0.23% | - | 12,000 | $358K | $29.83 |
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.