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.
Get email alerts when Francis Chou files a new 13F — sign in or create a free account.
Updated 2026-09-12 from SEC 13F data.
Live quotes available for 12 of 26 rows. Rows without a quote are marked unavailable.
| 1 | WLB | WESTMORELAND COAL CO | 35.43% | New | 2,523,000 | $147.16M | No quote | No quote |
| 2 | BRK-A | BERKSHIRE HATHAWAY INC DEL | 7.72% | Reduce -50.0% | 150 | $32.06M | $213733.33 | No quote |
| 3 | RFP | RESOLUTE FST PRODS INC | 6.51% | Add +4.3% | 4,904,752 | $27.06M | No quote | No quote |
| 4 | VRX | VALEANT PHARMACEUTICALS INT INC | 6.19% | New | 976,843 | $25.73M | No quote | No quote |
| 5 | NOK | NOKIA CORP | 5.34% | - | 3,750,000 | $22.19M | $5.92 | No quote |
| 6 | - | ASCENT CAP GROUP INCCUSIP 43632108 | 5.10% | - | 340,000 | $21.17M | No quote | No quote |
| 7 | JPMWS | JPMORGAN CHASE & CO | 4.81% | - | 1,126,347 | $19.96M | No quote | No quote |
| 8 | C | CITIGROUP INC | 4.13% | - | 410,000 | $17.14M | $41.80 | No quote |
| 9 | SNY | SANOFI | 3.97% | - | 410,000 | $16.49M | $40.21 | No quote |
| 10 | SHLD | SEARS HLDGS CORP | 3.81% | Add +15.1% | 1,031,610 | $15.82M | No quote | No quote |
| 11 | WFCWS | WELLS FARGO & CO NEW | 3.77% | - | 997,500 | $15.64M | No quote | No quote |
| 12 | GS | GOLDMAN SACHS GROUP INC | 2.84% | - | 75,000 | $11.79M | $157.19 | No quote |
| 13 | MBI | MBIA INC | 2.31% | - | 1,080,797 | $9.58M | $8.86 | No quote |
| 14 | SHOS | SEARS HOMETOWN & OUTLET STOR | 2.05% | - | 1,322,209 | $8.5M | No quote | No quote |
| 15 | OSTK | OVERSTOCK COM INC DEL | 2.02% | - | 582,271 | $8.38M | No quote | No quote |
| 16 | BB | BLACKBERRY LTD | 1.03% | - | 529,040 | $4.3M | $8.13 | No quote |
| 17 | BACWSA | BANK OF AMERICA CORPORATION | 0.78% | - | 836,825 | $3.26M | No quote | No quote |
| 18 | - | CHICAGO BRIDGE & IRON CO N CCUSIP 16725109 | 0.59% | - | 67,446 | $2.47M | No quote | No quote |
| 19 | SRSCQ | SEARS CDA INC | 0.52% | - | 775,149 | $2.17M | No quote | No quote |
| 20 | RYAAY | RYANAIR HLDGS PLC | 0.34% | - | 16,575 | $1.42M | $85.91 | No quote |
| 21 | PKX | POSCO | 0.24% | - | 21,000 | $995K | No quote | No quote |
| 22 | AZN | ASTRAZENECA PLC | 0.18% | - | 13,000 | $730K | $56.15 | No quote |
| 23 | CYD | CHINA YUCHAI INTL LTD | 0.17% | - | 73,364 | $724K | $9.87 | No quote |
| 24 | GSK | GLAXOSMITHKLINE PLC | 0.09% | - | 18,000 | $366K | $20.33 | No quote |
| 25 | BP | BP PLC | 0.07% | - | 10,000 | $302K | $30.20 | No quote |
Other instruments
Bonds, warrants, or non-share principal positions reported alongside the equity portfolio.
| 1 | - | ASCENT CAP GROUP INCNOTE 4.000% 7/1 | OTHER | 2,683,000 | $39.79M |