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
- +2.11%
- 1-year
- +14.39%
- 3-year
- +45.08%
- 5-year
- +16.55%
- 3-year vs S&P 500
- -27.31%
- 5-year vs S&P 500
- -56.68%
- 5-year top 5
- +21.83%
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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Updated 2026-06-06 from SEC 13F data.
Live quotes available for 5 of 32 rows. Rows without a quote are marked unavailable.
| 1 | - | LEVEL 3 COMMUNICATIONS INC NOTE 15.000% 1/1CUSIP 52729NBM1 | 12.79% | - | 35,250,000 | $56.54M | No quote | No quote |
| 2 | ABH | ABITIBIBOWATER INC COM NEW | 10.99% | - | 2,393,549 | $48.59M | No quote | No quote |
| 3 | WPI | WATSON PHARMACEUTICALS INC COM | 9.88% | - | 635,400 | $43.67M | No quote | No quote |
| 4 | BRK/A | BERKSHIRE HATHAWAY INC DEL CL ACUSIP 084670108 | 7.88% | - | 300 | $34.83M | No quote | No quote |
| 5 | OSTK | OVERSTOCK COM INC DEL COM | 7.64% | - | 2,219,709 | $33.78M | No quote | No quote |
| 6 | S | SPRINT NEXTEL CORP COM SER 1 | 7.47% | - | 6,123,200 | $33M | No quote | No quote |
| 7 | SHLD | SEARS HLDGS CORP COM | 6.37% | - | 393,977 | $28.15M | No quote | No quote |
| 8 | BACWSA | BANK OF AMERICA CORPORATION W EXP 01/16/201 | 5.52% | - | 4,400,000 | $24.38M | No quote | No quote |
| 9 | SNY | SANOFI SPONSORED ADR | 3.73% | - | 410,000 | $16.47M | $40.17 | No quote |
| 10 | GS | GOLDMAN SACHS GROUP INC COM | 3.46% | - | 115,000 | $15.31M | $133.09 | No quote |
| 11 | RSH | RADIOSHACK CORP COM | 3.01% | - | 1,000,000 | $13.31M | No quote | No quote |
| 12 | FSR | FLAGSTONE REINSURANCE HOLDIN COM | 2.86% | - | 1,500,000 | $12.65M | No quote | No quote |
| 13 | VRX | VALEANT PHARMACEUTICALS INTL COM | 2.66% | - | 226,377 | $11.76M | No quote | No quote |
| 14 | JPMWS | JPMORGAN CHASE & CO W EXP 10/28/201 | 2.38% | - | 780,913 | $10.52M | No quote | No quote |
| 15 | WFCWS | WELLS FARGO & CO NEW W EXP 10/28/201 | 2.10% | - | 997,500 | $9.29M | No quote | No quote |
| 16 | MNKD | MANNKIND CORP COM | 2.10% | - | 2,438,989 | $9.27M | No quote | No quote |
| 17 | ATLC 5.875 11/30/35 | COMPUCREDIT HLDGS CORP NOTE 5.875%11/3CUSIP 20478NAD2 | 1.29% | - | 13,150,000 | $5.7M | No quote | No quote |
| 18 | - | MANNKIND CORP NOTE 3.750%12/1CUSIP 56400PAA0 | 1.27% | - | 9,800,000 | $5.6M | No quote | No quote |
| 19 | GCI | GANNETT INC COM | 1.05% | - | 323,035 | $4.63M | No quote | No quote |
| 20 | CHT | CHUNGHWA TELECOM CO LTD SPON ADR NEW11 | 1.03% | - | 132,088 | $4.56M | No quote | No quote |
| 21 | MEG | MEDIA GEN INC CL A | 0.82% | - | 949,082 | $3.63M | No quote | No quote |
| 22 | SKM | SK TELECOM LTD SPONSORED ADR | 0.72% | - | 170,000 | $3.18M | No quote | No quote |
| 23 | - | LEVEL 3 COMMUNICATIONS INC NOTE 6.500%10/0CUSIP 52729NBR0 | 0.70% | - | 1,470,000 | $3.1M | No quote | No quote |
| 24 | GPS | GAP INC DEL COM | 0.55% | - | 133,700 | $2.42M | No quote | No quote |
| 25 | SYA | SYMETRA FINL CORP COM | 0.53% | - | 174,000 | $2.34M | No quote | No quote |
| 26 | UTSI | UTSTARCOM INC COM | 0.44% | - | 1,247,051 | $1.95M | No quote | No quote |
| 27 | ODP | OFFICE DEPOT INC COM | 0.36% | - | 372,503 | $1.57M | No quote | No quote |
| 28 | RYAAY | RYANAIR HLDGS PLC SPONSORED ADR | 0.18% | - | 27,000 | $792K | $29.33 | No quote |
| 29 | BP | BP PLC SPONSORED ADR | 0.10% | - | 10,000 | $443K | $44.30 | No quote |
| 30 | VOD | VODAFONE GROUP PLC NEW SPONS ADR NEW | 0.06% | - | 10,000 | $267K | No quote | No quote |
| 31 | NOK | NOKIA CORP SPONSORED ADR | 0.04% | - | 30,000 | $193K | $6.43 | No quote |
| 32 | CRYP | CRYPTOLOGIC LIMITED SHS | 0.02% | - | 60,000 | $90K | No quote | No quote |