---
title: Francis Chou (Chou Associates Management Inc.) — 13F holdings
canonical: https://sweetvaluelab.com/investors/francis-chou
cik: 0001389403
quarter: 2026-06-30
filed: 2026-08-12
---
# Francis Chou — Chou Associates Management Inc.

Latest 13F for the quarter ended Jun 30, 2026, filed Aug 12, 2026: 31 positions worth $216.6M. Against the quarter ended Mar 31, 2026: 1 bought, 0 added to, 29 unchanged, 1 reduced, 1 sold. The top five are 62% of the portfolio, the top ten 83%; 13 of the positions have a research page on this site.

## Holdings

| Ticker | Issuer | Shares | Value | % of portfolio | Change this quarter |
| --- | --- | ---: | ---: | ---: | --- |
| BRK/A | BERKSHIRE HATHAWAY INC DEL | 86 | $64.4M | 29.7% | held (0%) |
| GOOG | ALPHABET INC | 72,390 | $25.6M | 11.8% | held (0%) |
| SYF | SYNCHRONY FINANCIAL | 223,202 | $17.0M | 7.8% | held (0%) |
| OXY | OCCIDENTAL PETE CORP | 313,000 | $15.2M | 7.0% | held (0%) |
| SIRI | SIRIUSXM HOLDINGS INC | 409,589 | $12.1M | 5.6% | held (0%) |
| AAPL | APPLE INC | 40,000 | $11.6M | 5.3% | reduced (-9%) |
| ALLY | ALLY FINL INC | 225,525 | $10.4M | 4.8% | held (0%) |
| STLA | STELLANTIS N.V | 1,394,194 | $8.0M | 3.7% | held (0%) |
| JEF | JEFFERIES FINL GROUP INC | 149,237 | $7.5M | 3.4% | held (0%) |
| PYPL | PAYPAL HLDGS INC | 167,400 | $7.2M | 3.3% | held (0%) |
| WFC | WELLS FARGO CO NEW | 59,542 | $4.9M | 2.3% | held (0%) |
| C | CITIGROUP INC | 32,695 | $4.6M | 2.1% | held (0%) |
| BABA | ALIBABA GROUP HLDG LTD | 41,900 | $4.0M | 1.9% | held (0%) |
| GM | GENERAL MTRS CO | 52,000 | $4.0M | 1.9% | held (0%) |
| BAC | BANK OF AMER CORP | 50,000 | $2.8M | 1.3% | held (0%) |
| CASH | PATHWARD FINANCIAL INC | 27,389 | $2.4M | 1.1% | held (0%) |
| POOL | POOL CORP | 10,636 | $2.3M | 1.1% | held (0%) |
| MBI | MBIA INC | 321,000 | $2.1M | 1.0% | held (0%) |
| KHC | KRAFT HEINZ CO | 69,500 | $1.6M | 0.8% | held (0%) |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | 3,100 | $1.6M | 0.7% | held (0%) |
| AGO | ASSURED GUARANTY LTD | 16,990 | $1.4M | 0.6% | held (0%) |
| CYD | CHINA YUCHAI INTL LTD | 23,364 | $1.1M | 0.5% | held (0%) |
| MEOH | METHANEX CORP | 20,000 | $923,814 | 0.4% | held (0%) |
| MCO | MOODYS CORP | 1,500 | $679,380 | 0.3% | held (0%) |
| MGA | MAGNA INTL INC | 10,000 | $656,600 | 0.3% | held (0%) |
| ATKR | ATKORE INC | 8,400 | $638,736 | 0.3% | held (0%) |
| HPQ | HP INC | 26,500 | $581,410 | 0.3% | held (0%) |
| IMO | IMPERIAL OIL LTD | 5,000 | $561,466 | 0.3% | held (0%) |
| LPX | LOUISIANA PAC CORP | 5,886 | $462,993 | 0.2% | held (0%) |
| RYAAY | RYANAIR HOLDINGS PLC | 5,937 | $384,421 | 0.2% | held (0%) |
| VTS | VITESSE ENERGY ORD | 1,293 | $20,391 | 0.0% | bought |

## Largest moves this quarter

| Ticker | Issuer | Shares now | Shares before | Change | Bought / sold at reported prices | Value |
| --- | --- | ---: | ---: | --- | ---: | ---: |
| BHR 4.5 06/01/26 | BRAEMAR HOTELS & RESORTS INC | 0 | 2,500,000 | sold | −$2.5M | $0 |
| AAPL | APPLE INC | 40,000 | 44,000 | reduced (-9%) | −$1.2M | $11.6M |
| VTS | VITESSE ENERGY ORD | 1,293 | 0 | bought | +$20,391 | $20,391 |

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Source: https://sweetvaluelab.com/investors/francis-chou (SweetValueLab, free, no account). Holdings from SEC Form 13F-HR filings; tickers resolved from CUSIPs. Values as reported by the filer. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.