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
- +2.05%
- 1-year
- +14.32%
- 3-year
- +44.37%
- 5-year
- +26.27%
- 3-year vs S&P 500
- -28.02%
- 5-year vs S&P 500
- -46.96%
- 5-year top 5
- +34.71%
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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Live quotes available for 16 of 24 rows. Rows without a quote are marked unavailable.
| 1 | BRK-A | BERKSHIRE HATHAWAY INC DEL | 28.83% | - | 150 | $46.78M | $311833.33 | No quote |
| 2 | BHC | BAUSCH HEALTH COS INC | 22.20% | - | 1,648,992 | $36.03M | $21.85 | No quote |
| 3 | RFP | RESOLUTE FST PRODS INC | 13.24% | - | 4,571,960 | $21.49M | No quote | No quote |
| 4 | WFC | WELLS FARGO CO NEW | 10.55% | Reduce -21.9% | 339,542 | $17.13M | $50.44 | No quote |
| 5 | DVA | DAVITA INC | 4.25% | - | 120,743 | $6.89M | $57.07 | No quote |
| 6 | MBI | MBIA INC | 3.71% | Reduce -31.5% | 652,531 | $6.02M | $9.23 | No quote |
| 7 | JPM | JPMORGAN CHASE & CO | 3.21% | Reduce -59.5% | 44,275 | $5.21M | $117.70 | No quote |
| 8 | C | CITIGROUP INC | 2.88% | Reduce -47.9% | 67,695 | $4.68M | $69.07 | No quote |
| 9 | GS | GOLDMAN SACHS GROUP INC | 2.55% | Reduce -60.0% | 20,000 | $4.15M | $207.25 | No quote |
| 10 | BB | BLACKBERRY LTD | 1.71% | - | 529,040 | $2.77M | $5.24 | No quote |
| 11 | BAC | ANK AMER CORP | 1.68% | - | 93,376 | $2.72M | $29.17 | No quote |
| 12 | SAVE | SPIRIT AIRLS INC | 1.12% | - | 50,000 | $1.82M | No quote | No quote |
| 13 | ENDPQ | ENDO INTL PLC | 0.75% | Reduce -56.8% | 380,000 | $1.22M | No quote | No quote |
| 14 | MGA | MAGNA INTL INC | 0.66% | - | 20,000 | $1.07M | $53.35 | No quote |
| 15 | PKX | POSCO | 0.61% | - | 21,000 | $990K | No quote | No quote |
| 16 | CYD | CHINA YUCHAI INTL LTD | 0.59% | - | 73,364 | $950K | $12.95 | No quote |
| 17 | SNY | SANOFI | 0.57% | - | 20,000 | $927K | $46.35 | No quote |
| 18 | ALGT | ALLEGIANT TRAVEL CO | 0.40% | - | 4,317 | $646K | $149.64 | No quote |
| 19 | FCAU | FIAT CHRYSLER AUTOMOBILES N | 0.24% | - | 30,000 | $388K | No quote | No quote |
| 20 | RYAAY | RYANAIR HLDGS PLC | 0.19% | - | 4,575 | $304K | $66.45 | No quote |
| 21 | TEVA | TEVA PHARMACEUTICAL INDS LTD | 0.06% | - | 15,000 | $103K | $6.87 | No quote |
| 22 | SHOS | SEARS HOMETOWN & OUTLET STOR | - | Sold | 0 | $0 | No quote | No quote |
Options positions
Put = right to sell at strike (a bearish bet). Call = right to buy at strike (bullish via leverage). The notional column shows the underlying market value reported to the SEC, not the option premium paid - these don't add to the long-equity % portfolio above.
| 1 | SHOS | SEARS HOMETOWN & OUTLET STORCOM | CALL | Sold | 0 | $0 |
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 | 3,150,000 | $1.61M |