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 17 of 22 rows. Rows without a quote are marked unavailable.
| 1 | RFP | RESOLUTE FST PRODS INC | 28.94% | Reduce -0.3% | 4,559,460 | $49.89M | No quote | No quote |
| 2 | BHC | BAUSCH HEALTH COS INC | 27.50% | Reduce -2.9% | 1,495,000 | $47.42M | $31.72 | |
| 3 | BRK-A | BERKSHIRE HATHAWAY INC DEL | 22.36% | - | 100 | $38.55M | $385450.00 | |
| 4 | WFC | WELLS FARGO CO NEW | 3.84% | Reduce -19.1% | 169,542 | $6.62M | $39.05 | |
| 5 | MBI | MBIA INC | 3.34% | Reduce -3.2% | 599,530 | $5.76M | $9.61 | |
| 6 | JPM | JPMORGAN CHASE & CO | 3.02% | - | 34,275 | $5.21M | $152.12 | |
| 7 | C | CITIGROUP INC | 2.85% | - | 67,695 | $4.92M | $72.71 | |
| 8 | GS | GOLDMAN SACHS GROUP INC | 2.65% | Reduce -22.2% | 14,000 | $4.58M | $326.79 | |
| 9 | BB | BLACKBERRY LTD | 1.94% | Reduce -6.8% | 400,000 | $3.35M | $8.38 | |
| 10 | MGA | MAGNA INTL INC | 1.02% | - | 20,000 | $1.76M | $88.00 | |
| 11 | PKX | POSCO | 0.88% | - | 21,000 | $1.52M | No quote | No quote |
| 12 | CYD | CHINA YUCHAI INTL LTD | 0.66% | - | 73,364 | $1.14M | $15.47 | |
| 13 | STLA | STELLANTIS | 0.31% | New | 30,000 | $533K | $17.77 | |
| 14 | RYAAY | RYANAIR HLDGS PLC | 0.31% | - | 4,575 | $526K | $114.97 | |
| 15 | BAC | BANK AMER CORP | 0.19% | Reduce -54.4% | 8,376 | $324K | $38.68 | |
| 16 | LBTYA | LIBERTY GLOBAL PLC | 0.18% | New | 12,000 | $308K | $25.67 | |
| 18 | FCAU | FIAT CHRYSLER AUTOMOBILES N | - | Sold | 0 | $0 | No quote | No quote |
| 17 | DVA | DAVITA INC | - | 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.