Chou Associates Management 13F, Q1 2026
Francis Chou · quarter ending 31 March 2026 · filed 14 May 2026 · SEC CIK 1389403
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2026
The 25 largest of 31 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2025 filing.
| Company | Ticker | Value | % of book | vs Q4 2025 |
|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | BRK/A | $61.76M | 29.4% | unchanged |
| ALPHABET INC | GOOG | $20.77M | 9.9% | unchanged |
| OCCIDENTAL PETE CORP | OXY | $20.35M | 9.7% | unchanged |
| SYNCHRONY FINANCIAL | SYF | $15.18M | 7.2% | +4% shares |
| APPLE INC | AAPL | $11.17M | 5.3% | unchanged |
| STELLANTIS N.V | $9.88M | 4.7% | unchanged | |
| SIRIUSXM HOLDINGS INC | SIRI | $9.45M | 4.5% | unchanged |
| ALLY FINL INC | ALLY | $8.85M | 4.2% | unchanged |
| PAYPAL HLDGS INC | PYPL | $7.57M | 3.6% | +308% shares |
| JEFFERIES FINL GROUP INC | JEF | $6.16M | 2.9% | +1258% shares |
| ALIBABA GROUP HLDG LTD | BABA | $5.26M | 2.5% | unchanged |
| WELLS FARGO CO NEW | WFC | $4.74M | 2.3% | unchanged |
| GENERAL MTRS CO | GM | $3.87M | 1.8% | unchanged |
| CITIGROUP INC | C | $3.71M | 1.8% | unchanged |
| BRAEMAR HOTELS & RESORTS INC | BHR 4.5 06/01/26 | $2.45M | 1.2% | new |
| PATHWARD FINANCIAL INC | CASH | $2.44M | 1.2% | unchanged |
| BANK AMERICA CORP | BAC | $2.44M | 1.2% | unchanged |
| POOL CORP | POOL | $2.15M | 1.0% | unchanged |
| MBIA INC | MBI | $1.90M | 0.9% | unchanged |
| KRAFT HEINZ CO | KHC | $1.56M | 0.7% | new |
| BERKSHIRE HATHAWAY INC DEL | BRK/B | $1.49M | 0.7% | new |
| ASSURED GUARANTY LTD | $1.38M | 0.7% | +55% shares | |
| METHANEX CORP | MEOH | $1.19M | 0.6% | unchanged |
| CHINA YUCHAI INTL LTD | $899.5K | 0.4% | unchanged | |
| IMPERIAL OIL LTD | IMO | $654.9K | 0.3% | unchanged |
What changed since Q4 2025
Against the Q4 2025 filing, Chou Associates Management opened 5 new positions, added to 4, trimmed 0, left 22 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 0001104659-26-060931, 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.