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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Filing period

Updated 2026-06-06 from SEC 13F data.

Live quotes available for 13 of 18 rows. Rows without a quote are marked unavailable.


1	BRK/A	BERKSHIRE HATHAWAY INC DELCUSIP 084670108	30.46%	-	100	$30.28M	No quote	No quote
2	BHC	BAUSCH HEALTH COS INC	22.77%	-	1,538,992	$22.63M	$14.70
3	RFP	RESOLUTE FST PRODS INC	19.50%	-	4,571,960	$19.38M	No quote	No quote
4	WFC	WELLS FARGO CO NEW	4.69%	-	209,542	$4.66M	$22.24
5	GS	GOLDMAN SACHS GROUP INC	3.83%	-	20,000	$3.8M	$190.15
6	MBI	MBIA INC	3.76%	-	652,531	$3.74M	$5.73
7	JPM	JPMORGAN CHASE & CO	3.14%	-	34,275	$3.12M	$91.09
8	C	CITIGROUP INC	2.78%	-	67,695	$2.76M	$40.79
9	BB	BLACKBERRY LTD	1.87%	-	429,040	$1.86M	$4.34
10	DVA	DAVITA INC	1.85%	-	22,743	$1.84M	$81.04
11	CYD	CHINA YUCHAI INTL LTD	1.26%	-	73,364	$1.25M	$17.02
12	MGA	MAGNA INTL INC	0.87%	-	20,000	$866K	$43.30
13	PKX	POSCO	0.84%	-	21,000	$832K	No quote	No quote
14	SAVE	SPIRIT AIRLS INC	0.77%	-	50,000	$762K	No quote	No quote
15	ALGT	ALLEGIANT TRAVEL CO	0.49%	-	4,317	$489K	$113.27
16	BAC	BANK AMER CORP	0.42%	-	18,376	$419K	$22.80
17	RYAAY	RYANAIR HLDGS PLC	0.36%	-	4,575	$354K	$77.38
18	FCAU	FIAT CHRYSLER AUTOMOBILES N	0.35%	-	30,000	$347K	No quote	No quote