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 20 rows. Rows without a quote are marked unavailable.
| 1 | RFP | RESOLUTE FST PRODS INC | 28.10% | Reduce -13.6% | 3,940,460 | $48.07M | No quote | No quote |
| 2 | BHC | BAUSCH HEALTH COS INC | 25.62% | - | 1,495,000 | $43.83M | $29.32 | |
| 3 | BRK-A | BERKSHIRE HATHAWAY INC DEL | 24.47% | - | 100 | $41.86M | $418600.00 | |
| 4 | WFC | WELLS FARGO CO NEW | 4.49% | - | 169,542 | $7.68M | $45.29 | |
| 5 | MBI | MBIA INC | 3.85% | - | 599,530 | $6.6M | $11.00 | |
| 6 | JPM | JPMORGAN CHASE & CO | 3.12% | - | 34,275 | $5.33M | $155.54 | |
| 7 | BB | BLACKBERRY LTD | 2.86% | - | 400,000 | $4.89M | $12.22 | |
| 8 | C | CITIGROUP INC | 2.39% | Reduce -14.8% | 57,695 | $4.08M | $70.75 | |
| 9 | GS | GOLDMAN SACHS GROUP INC | 1.58% | Reduce -49.3% | 7,100 | $2.7M | $379.58 | |
| 10 | MGA | MAGNA INTL INC | 1.08% | - | 20,000 | $1.85M | $92.65 | |
| 11 | PKX | POSCO | 0.94% | - | 21,000 | $1.61M | No quote | No quote |
| 12 | CYD | CHINA YUCHAI INTL LTD | 0.69% | - | 73,364 | $1.18M | $16.04 | |
| 13 | STLA | STELLANTIS | 0.35% | - | 30,000 | $591K | $19.70 | |
| 14 | RYAAY | RYANAIR HLDGS PLC | 0.29% | - | 4,575 | $495K | $108.20 | |
| 15 | LBTYA | LIBERTY GLOBAL PLC | 0.19% | - | 12,000 | $326K | $27.17 | |
| 16 | BAC | BANK AMER CORP | - | 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.