Chou Associates Management 13F, Q1 2025
Francis Chou · quarter ending 31 March 2025 · filed 15 May 2025 · SEC CIK 1389403
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2025
The 25 largest of 33 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | BRK/A | $68.67M | 37.1% | unchanged |
| SIRIUSXM HOLDINGS INC | SIRI | $15.84M | 8.6% | +5480% shares |
| STELLANTIS N.V | $15.65M | 8.5% | +206% shares | |
| ALPHABET INC | GOOG | $12.87M | 7.0% | unchanged |
| SYNCHRONY FINANCIAL | SYF | $11.42M | 6.2% | unchanged |
| APPLE INC | AAPL | $9.77M | 5.3% | unchanged |
| ALLY FINL INC | ALLY | $8.22M | 4.5% | unchanged |
| ALIBABA GROUP HLDG LTD | BABA | $5.54M | 3.0% | +1132% shares |
| WELLS FARGO CO NEW | WFC | $4.27M | 2.3% | unchanged |
| CITIGROUP INC | C | $4.10M | 2.2% | unchanged |
| POOL CORP | POOL | $3.39M | 1.8% | unchanged |
| OCCIDENTAL PETE CORP | OXY | $3.36M | 1.8% | new |
| GROUPON INC | GRPN 6.25 03/15/27 * | $3.12M | 1.7% | new |
| MOODYS CORP | MCO | $2.75M | 1.5% | unchanged |
| PAYPAL HLDGS INC | PYPL | $2.68M | 1.4% | unchanged |
| GENERAL MTRS CO | GM | $2.45M | 1.3% | new |
| BANK AMERICA CORP | BAC | $2.09M | 1.1% | unchanged |
| PATHWARD FINANCIAL INC | CASH | $2.00M | 1.1% | unchanged |
| MBIA INC | MBI | $1.60M | 0.9% | unchanged |
| CHINA YUCHAI INTL LTD | $1.25M | 0.7% | unchanged | |
| ASSURED GUARANTY LTD | $968.2K | 0.5% | unchanged | |
| JEFFERIES FINL GROUP INC | JEF | $588.6K | 0.3% | unchanged |
| LOUISIANA PAC CORP | LPX | $541.4K | 0.3% | unchanged |
| IMPERIAL OIL LTD | IMO | $361.2K | 0.2% | unchanged |
| LEAR CORP | LEA | $352.9K | 0.2% | unchanged |
What changed since Q4 2024
Against the Q4 2024 filing, Chou Associates Management opened 3 new positions, added to 3, trimmed 0, left 27 unchanged and exited 1. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001104659-25-049383, filed by Chou Associates Management Inc.. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.