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 29 rows. Rows without a quote are marked unavailable.
| 1 | JPMWS | JPMORGAN CHASE & CO | 16.37% | - | 1,126,347 | $49.86M | No quote | No quote |
| 2 | BRK/A | BERKSHIRE HATHAWAY INC DELCUSIP 084670108 | 12.03% | - | 150 | $36.62M | No quote | No quote |
| 3 | VRX | VALEANT PHARMACEUTICALS INTL | 9.35% | Add +35.5% | 1,960,843 | $28.47M | No quote | No quote |
| 4 | RFP | RESOLUTE FST PRODS INC | 8.72% | Add +1.2% | 4,963,423 | $26.55M | No quote | No quote |
| 5 | C | CITIGROUP INC | 8.00% | - | 410,000 | $24.37M | $59.43 | No quote |
| 6 | WFCWS | WELLS FARGO & CO NEW | 6.99% | - | 997,500 | $21.28M | No quote | No quote |
| 7 | NOK | NOKIA CORP | 5.92% | - | 3,750,000 | $18.04M | $4.81 | No quote |
| 8 | GS | GOLDMAN SACHS GROUP INC | 5.90% | - | 75,000 | $17.96M | $239.45 | No quote |
| 9 | SNY | SANOFI | 5.44% | - | 410,000 | $16.58M | $40.44 | No quote |
| 10 | MBI | MBIA INC | 3.80% | - | 1,080,797 | $11.57M | $10.70 | No quote |
| 11 | SHLD | SEARS HLDGS CORP | 3.45% | Reduce -21.0% | 1,131,610 | $10.51M | No quote | No quote |
| 12 | OSTK | OVERSTOCK COM INC DEL | 3.35% | - | 582,271 | $10.19M | No quote | No quote |
| 13 | BACWSA | BANK AMER CORP | 2.73% | - | 836,825 | $8.33M | No quote | No quote |
| 14 | SHOS | SEARS HOMETOWN & OUTLET STOR | 2.04% | - | 1,322,209 | $6.21M | No quote | No quote |
| 15 | ASCMA | ASCENT CAP GROUP INC | 1.63% | Reduce -10.0% | 306,000 | $4.98M | No quote | No quote |
| 16 | BB | BLACKBERRY LTD | 1.20% | - | 529,040 | $3.64M | $6.88 | No quote |
| 17 | CBI | CHICAGO BRIDGE & IRON CO N V | 0.70% | - | 67,446 | $2.14M | No quote | No quote |
| 18 | RYAAY | RYANAIR HLDGS PLC | 0.45% | - | 16,575 | $1.38M | $83.26 | No quote |
| 19 | SRSCQ | SEARS CDA INC | 0.43% | - | 775,149 | $1.3M | No quote | No quote |
| 20 | SD | SANDRIDGE ENERGY INC | 0.37% | New | 48,240 | $1.14M | $23.55 | No quote |
| 21 | PKX | POSCO | 0.36% | - | 21,000 | $1.1M | No quote | No quote |
| 22 | CYD | CHINA YUCHAI INTL LTD | 0.33% | - | 73,364 | $1.01M | $13.81 | No quote |
| 23 | AZN | ASTRAZENECA PLC | 0.23% | - | 13,000 | $711K | $54.69 | No quote |
| 24 | GSK | GLAXOSMITHKLINE PLC | 0.11% | - | 18,000 | $347K | $19.28 | No quote |
| 25 | GMWSB | GENERAL MTRS CO | 0.07% | - | 13,019 | $223K | No quote | No quote |
| 26 | BP | BP PLC | - | Sold | 0 | $0 | 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 | $3.65M |
| 2 | SD | SANDRIDGE ENERGY INCNOTE 10/0 | OTHER | 2,033,132 | $2.54M |
| 3 | - | ASCENT CAP GROUP INCNOTE 4.000% 7/1 | OTHER | 2,683,000 | $2.04M |