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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 14 of 20 rows. Rows without a quote are marked unavailable.

1BRK/ABERKSHIRE HATHAWAY INC DELCUSIP 08467010840.83%-150$40.8MNo quoteNo quote
2BHCBAUSCH HEALTH COS INC24.18%Reduce -3.7%1,558,992$24.16M$15.5052w: $11.15 - $30.39; reported $15.50
3WFCWELLS FARGO CO NEW6.02%-209,542$6.01M$28.7052w: $25.11 - $54.04; reported $28.70
4RFPRESOLUTE FST PRODS INC5.77%-4,571,960$5.76MNo quoteNo quote
5MBIMBIA INC4.66%-652,531$4.66M$7.1452w: $4.93 - $9.72; reported $7.14
6GSGOLDMAN SACHS GROUP INC3.09%-20,000$3.09M$154.6052w: $130.85 - $250.46; reported $154.60
7JPMJPMORGAN CHASE & CO3.09%Reduce -22.6%34,275$3.09M$90.0452w: $76.91 - $141.10; reported $90.04
8CCITIGROUP INC2.85%-67,695$2.85M$42.1252w: $32.00 - $83.11; reported $42.12
9DVADAVITA INC2.49%Reduce -67.5%32,743$2.49M$76.0552w: $62.20 - $90.15; reported $76.05
10BBBLACKBERRY LTD2.17%-529,040$2.17M$4.1052w: $2.70 - $6.89; reported $4.10
11SNYSANOFI0.87%-20,000$874K$43.7052w: $37.62 - $51.84; reported $43.70
12CYDCHINA YUCHAI INTL LTD0.79%-73,364$789K$10.7552w: $7.77 - $14.00; reported $10.75
13PKXPOSCO0.69%-21,000$686KNo quoteNo quote
14SAVESPIRIT AIRLS INC0.65%-50,000$645KNo quoteNo quote
15MGAMAGNA INTL INC0.64%-20,000$638K$31.9052w: $22.75 - $55.67; reported $31.90
16BACBANK AMER CORP0.39%Reduce -35.2%18,376$390K$21.2252w: $17.95 - $35.67; reported $21.22
17ALGTALLEGIANT TRAVEL CO0.35%-4,317$353K$81.7752w: $60.06 - $180.20; reported $81.77
18RYAAYRYANAIR HLDGS PLC0.24%-4,575$243K$53.1152w: $17.78 - $38.73; reported $53.11
19FCAUFIAT CHRYSLER AUTOMOBILES N0.22%-30,000$216KNo quoteNo quote

Other instruments

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

1ATLC 5.875 11/30/35COMPUCREDIT HLDGS CORPNOTE 5.875%11/3OTHER0$0