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 20 rows. Rows without a quote are marked unavailable.


1	BRK/A	BERKSHIRE HATHAWAY INC DELCUSIP 084670108	25.56%	-	100	$34.78M	No quote	No quote
2	BHC	BAUSCH HEALTH COS INC	23.52%	-	1,538,992	$32.01M	$20.80
3	RFP	RESOLUTE FST PRODS INC	21.97%	-	4,571,960	$29.9M	No quote	No quote
4	WFC	WELLS FARGO CO NEW	4.65%	-	209,542	$6.32M	$30.18
5	GS	GOLDMAN SACHS GROUP INC	3.49%	Reduce -10.0%	18,000	$4.75M	$263.72
6	JPM	JPMORGAN CHASE & CO	3.20%	-	34,275	$4.36M	$127.06
7	C	CITIGROUP INC	3.07%	-	67,695	$4.17M	$61.66
8	MBI	MBIA INC	3.00%	Reduce -5.1%	619,530	$4.08M	$6.58
9	RFP	RESOLUTE FST PRODS INC	2.52%	New	525,000	$3.43M	No quote	No quote
10	BB	BLACKBERRY LTD	2.09%	-	429,040	$2.85M	$6.63
11	BB	BLACKBERRY LTD	1.95%	New	400,000	$2.65M	$6.63
12	MGA	MAGNA INTL INC	1.04%	-	20,000	$1.42M	$70.80
13	PKX	POSCO	0.96%	-	21,000	$1.31M	No quote	No quote
14	DVA	DAVITA INC	0.93%	Reduce -52.8%	10,743	$1.26M	$117.38
15	CYD	CHINA YUCHAI INTL LTD	0.88%	-	73,364	$1.2M	$16.34
16	BAC	BANK AMER CORP	0.41%	-	18,376	$557K	$30.31
17	FCAU	FIAT CHRYSLER AUTOMOBILES N	0.40%	-	30,000	$543K	No quote	No quote
18	RYAAY	RYANAIR HLDGS PLC	0.37%	-	4,575	$503K	$109.95
20	SAVE	SPIRIT AIRLS INC	-	Sold	0	$0	No quote	No quote
19	ALGT	ALLEGIANT TRAVEL CO	-	Sold	0	$0	No quote	No quote