Chou Associates Management 13F, Q2 2025
Francis Chou · quarter ending 30 June 2025 · filed 13 August 2025 · SEC CIK 1389403
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2025
The 25 largest of 31 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2025 filing.
| Company | Ticker | Value | % of book | vs Q1 2025 |
|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | BRK/A | $62.68M | 34.3% | unchanged |
| SIRIUSXM HOLDINGS INC | SIRI | $16.14M | 8.8% | unchanged |
| ALPHABET INC | GOOG | $14.62M | 8.0% | unchanged |
| SYNCHRONY FINANCIAL | SYF | $14.40M | 7.9% | unchanged |
| OCCIDENTAL PETE CORP | OXY | $13.15M | 7.2% | +360% shares |
| APPLE INC | AAPL | $9.03M | 4.9% | unchanged |
| ALLY FINL INC | ALLY | $8.78M | 4.8% | unchanged |
| STELLANTIS N.V | $6.94M | 3.8% | -50% shares | |
| CITIGROUP INC | C | $4.91M | 2.7% | unchanged |
| WELLS FARGO CO NEW | WFC | $4.77M | 2.6% | unchanged |
| ALIBABA GROUP HLDG LTD | BABA | $4.75M | 2.6% | unchanged |
| POOL CORP | POOL | $3.10M | 1.7% | unchanged |
| PAYPAL HLDGS INC | PYPL | $3.05M | 1.7% | unchanged |
| MOODYS CORP | MCO | $2.96M | 1.6% | unchanged |
| GENERAL MTRS CO | GM | $2.56M | 1.4% | unchanged |
| BANK AMERICA CORP | BAC | $2.37M | 1.3% | unchanged |
| PATHWARD FINANCIAL INC | CASH | $2.17M | 1.2% | unchanged |
| MBIA INC | MBI | $1.39M | 0.8% | unchanged |
| ASSURED GUARANTY LTD | $957.2K | 0.5% | unchanged | |
| METHANEX CORP | MEOH | $662.2K | 0.4% | +400% shares |
| JEFFERIES FINL GROUP INC | JEF | $600.9K | 0.3% | unchanged |
| CHINA YUCHAI INTL LTD | $558.6K | 0.3% | -68% shares | |
| LOUISIANA PAC CORP | LPX | $506.1K | 0.3% | unchanged |
| IMPERIAL OIL LTD | IMO | $397.2K | 0.2% | unchanged |
| MAGNA INTL INC | MGA | $386.1K | 0.2% | unchanged |
What changed since Q1 2025
Against the Q1 2025 filing, Chou Associates Management opened 0 new positions, added to 2, trimmed 2, left 27 unchanged and exited 2. 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 0001104659-25-077432, 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.