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 11 of 27 rows. Rows without a quote are marked unavailable.
| 1 | VRX | VALEANT PHARMACEUTICALS INTL | 13.40% | - | 1,446,843 | $35.52M | No quote | No quote |
| 2 | BRK/A | BERKSHIRE HATHAWAY INC DELCUSIP 084670108 | 12.24% | - | 150 | $32.43M | No quote | No quote |
| 3 | JPMWS | JPMORGAN CHASE & CO | 10.47% | - | 1,126,347 | $27.74M | No quote | No quote |
| 4 | RFP | RESOLUTE FST PRODS INC | 8.75% | - | 4,904,752 | $23.2M | No quote | No quote |
| 5 | NOK | NOKIA CORP | 8.19% | - | 3,750,000 | $21.71M | $5.79 | No quote |
| 6 | C | CITIGROUP INC | 7.31% | - | 410,000 | $19.36M | $47.23 | No quote |
| 7 | SHLD | SEARS HLDGS CORP | 6.19% | - | 1,431,610 | $16.41M | No quote | No quote |
| 8 | SNY | SANOFI | 5.91% | - | 410,000 | $15.66M | $38.19 | No quote |
| 9 | WFCWS | WELLS FARGO & CO NEW | 4.70% | - | 997,500 | $12.45M | No quote | No quote |
| 10 | GS | GOLDMAN SACHS GROUP INC | 4.56% | - | 75,000 | $12.1M | $161.27 | No quote |
| 11 | OSTK | OVERSTOCK COM INC DEL | 3.37% | - | 582,271 | $8.92M | No quote | No quote |
| 12 | MBI | MBIA INC | 3.18% | - | 1,080,797 | $8.42M | $7.79 | No quote |
| 13 | ASCMA | ASCENT CAP GROUP INC | 2.97% | - | 340,000 | $7.88M | No quote | No quote |
| 14 | SHOS | SEARS HOMETOWN & OUTLET STOR | 2.46% | - | 1,322,209 | $6.52M | No quote | No quote |
| 15 | BB | BLACKBERRY LTD | 1.59% | - | 529,040 | $4.22M | $7.97 | No quote |
| 16 | BACWSA | BANK AMER CORP | 1.46% | - | 836,825 | $3.87M | No quote | No quote |
| 17 | SRSCQ | SEARS CDA INC | 0.72% | - | 775,149 | $1.9M | No quote | No quote |
| 18 | CBI | CHICAGO BRIDGE & IRON CO N V | 0.71% | - | 67,446 | $1.89M | No quote | No quote |
| 19 | RYAAY | RYANAIR HLDGS PLC | 0.47% | - | 16,575 | $1.24M | $75.05 | No quote |
| 20 | PKX | POSCO | 0.40% | - | 21,000 | $1.07M | No quote | No quote |
| 21 | AZN | ASTRAZENECA PLC | 0.32% | - | 13,000 | $843K | $64.85 | No quote |
| 22 | CYD | CHINA YUCHAI INTL LTD | 0.30% | - | 73,364 | $796K | $10.85 | No quote |
| 23 | GSK | GLAXOSMITHKLINE PLC | 0.14% | - | 18,000 | $383K | $21.28 | No quote |
| 24 | BP | BP PLC | 0.13% | - | 10,000 | $352K | $35.20 | No quote |
| 25 | GMWSB | GENERAL MTRS CO | 0.07% | - | 13,019 | $182K | No quote | No quote |
Other instruments
Bonds, warrants, or non-share principal positions reported alongside the equity portfolio.
| 1 | ATLC 5.875 11/30/35 | COMPUCREDIT HLDGS CORPNOTE 5.875%11/3 | OTHER | 7,800,000 | $3.28M |
| 2 | - | ASCENT CAP GROUP INCNOTE 4.000% 7/1 | OTHER | 2,683,000 | $1.91M |