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Focused investors/Francis Chou

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 12 of 24 rows. Rows without a quote are marked unavailable.

1RFPRESOLUTE FST PRODS INC22.87%Reduce -2.6%4,117,259$82.72MNo quoteNo quote
2BRK/ABERKSHIRE HATHAWAY INC DELCUSIP 08467010815.54%-300$56.21MNo quoteNo quote
3SHLDSEARS HLDGS CORP10.61%-803,526$38.38MNo quoteNo quote
4NOKNOKIA CORP10.15%-5,000,000$36.7M$7.34No quote
5JPMWSJPMORGAN CHASE & CO6.29%-1,126,347$22.75MNo quoteNo quote
6SNYSANOFI5.93%-410,000$21.44M$52.28No quote
7CCITIGROUP INC5.40%-410,000$19.52M$47.60No quote
8WFCWSWELLS FARGO & CO NEW5.14%-997,500$18.59MNo quoteNo quote
9MBIMBIA INC4.18%-1,080,797$15.12M$13.99No quote
10GSGOLDMAN SACHS GROUP INC3.40%-75,000$12.29M$163.85No quote
11OSTKOVERSTOCK COM INC DEL3.17%-582,271$11.47MNo quoteNo quote
12ACTZZZZACTAVIS PLC2.01%-35,400$7.29MNo quoteNo quote
13BACWSABANK OF AMERICA CORPORATION1.90%-836,825$6.88MNo quoteNo quote
14BBBLACKBERRY LTD1.18%-529,040$4.28M$8.10No quote
15CHTCHUNGHWA TELECOM CO LTD1.12%-132,088$4.05MNo quoteNo quote
16RYAAYRYANAIR HLDGS PLC0.28%-17,000$1M$58.82No quote
17AZNASTRAZENECA PLC0.23%-13,000$840K$64.62No quote
18CYDCHINA YUCHAI INTL LTD0.15%-25,537$541K$21.18No quote
19GSKGLAXOSMITHKLINE PLC0.13%-18,000$484K$26.89No quote
20BPBP PLC0.13%-10,000$481K$48.10No quote
21UTSIUTSTARCOM HOLDINGS CORP0.09%-113,627$309KNo quoteNo quote
22VODVODAFONE GROUP PLC NEW0.06%Reduce -45.5%5,454$201KNo quoteNo quote
23VZVERIZON COMMUNICATIONS INC0.03%New2,630$125K$47.53No quote

Other instruments

Bonds, warrants, or non-share principal positions reported alongside the equity portfolio.

1-LEVEL 3 COMMUNICATIONS INCNOTE 6.500%10/0OTHER0$0