Francis Chou - Chou Associates Management
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    30
Portfolio value:    $207,812,043
Holdings Activity Buys Sells    History
History Stock % of
Portfolio
Recent
Activity
Shares Avg. Buy
Price*
Value Current
Price
+/-
Since
Buy
52
Week
Low
52
Week
High
BRK.A - Berkshire Hathaway CL A 29.72 86 $217,893.41 $61,760,065 $744,850.00 241.84% $685,150.00 $775,000.00
GOOG - Alphabet Inc. 9.99 72,390 $183.42 $20,765,795 $350.67 91.18% $180.20 $404.23
OXY - Occidental Petroleum Corp. 9.79 313,000 $43.61 $20,345,004 $54.81 25.69% $38.44 $67.14
SYF - Synchrony Financial 7.31 Add 3.48% 223,202 $40.93 $15,182,205 $73.21 78.86% $62.83 $88.05
AAPL - Apple Inc. 5.37 44,000 $210.62 $11,166,760 $317.31 50.66% $200.70 $323.45
STLA - Stellantis N.V. 4.76 1,394,194 $11.61 $9,884,838 $5.57 -52.03% $5.25 $12.22
SIRI - Sirius XM Holdings Inc. 4.55 409,589 $22.56 $9,453,319 $30.67 35.92% $19.33 $31.42
ALLY - Ally Financial Inc. 4.26 225,525 $29.16 $8,847,349 $45.12 54.72% $35.34 $47.29
PYPL - PayPal Holdings, Inc. 3.64 Add 308.29% 167,400 $48.37 $7,571,505 $47.65 -1.48% $38.22 $78.82
JEF - Jefferies Financial Group Inc. 2.96 Add 1258.31% 149,237 $41.90 $6,159,014 $52.59 25.53% $35.26 $69.47
BABA - Alibaba Group Holdings Ltd. 2.53 41,900 $128.26 $5,256,774 $112.35 -12.41% $91.99 $190.92
WFC - Wells Fargo & Co. 2.28 59,542 $57.15 $4,740,140 $87.67 53.41% $72.78 $96.73
GM - General Motors Co. 1.86 52,000 $47.03 $3,874,001 $76.72 63.13% $48.43 $87.22
C - Citigroup Inc. 1.78 32,695 $47.97 $3,707,942 $140.71 193.32% $84.31 $147.96
CASH - Pathward Financial, Inc. 1.18 27,389 $56.57 $2,443,922 $90.78 60.47% $65.75 $101.20
BAC - Bank of America Corp. 1.17 50,000 $39.77 $2,437,500 $59.50 49.61% $43.80 $60.83
POOL - Pool Corp. 1.04 10,636 $307.33 $2,151,982 $210.82 -31.40% $172.68 $337.46
MBI - MBIA Inc. 0.91 321,000 $5.49 $1,897,110 $6.30 14.75% $4.41 $8.26
KHC - The Kraft Heinz Co. 0.75 Buy 69,500 $22.49 $1,563,055 $25.23 12.18% $20.66 $27.35
BRK.B - Berkshire Hathaway CL B 0.71 Buy 3,100 $479.20 $1,485,520 $496.85 3.68% $455.19 $516.85
AGO - Assured Guaranty Ltd. 0.67 Add 54.60% 16,990 $78.68 $1,384,345 $83.73 6.42% $72.76 $91.54
MEOH - Methanex Corp. 0.57 20,000 $34.06 $1,191,719 $50.92 49.50% $31.63 $66.53
CYD - China Yuchai International Ltd. 0.43 23,364 $13.15 $899,515 $44.43 237.96% $21.27 $61.48
IMO - Imperial Oil Ltd. 0.32 5,000 $70.51 $654,914 $123.64 75.35% $78.99 $138.75
MCO - Moody's Corp. 0.31 1,500 $420.93 $654,375 $495.72 17.77% $400.46 $544.40
MGA - Magna International Inc. 0.27 10,000 $45.45 $558,100 $64.07 40.97% $39.45 $69.19
HPQ - HP Inc. 0.24 Buy 26,500 $19.21 $509,065 $24.77 28.94% $17.07 $29.29
ATKR - Atkore Inc. 0.24 Buy 8,400 $58.91 $494,844 $71.68 21.68% $52.42 $90.16
LPX - Louisiana-Pacific Corp. 0.21 5,886 $82.33 $428,207 $72.20 -12.30% $66.12 $101.39
RYAAY - Ryanair Holdings plc 0.17 5,937 $34.60 $343,159 $63.91 84.71% $53.14 $73.75
* Avg. Buy Price is an estimated cost basis: the share-weighted average of the quarter-end prices reported when this manager first bought or later added to the position (average-cost method, reset after a full exit). 13F filings disclose only quarter-end holdings, not actual trade prices, so this approximates — but does not exactly equal — what was paid.
Sector % analysis
Financial Services 56.91
Communication Services 14.54
Energy 10.11
Consumer Cyclical 9.85
Technology 5.62
Industrials 1.64
Consumer Defensive 0.75
Basic Materials 0.57