Chou Associates
Francis ChouTORONTO, A6files as Chou Associates Management Inc.
$217m in 31 US stocks at the end of 30 June 2026. The top 10 are 82.6% of the money. It changed about 5.2% of the portfolio this quarter.
Value
$217m
Stocks
31
Top 10 share
82.6%
Turnover
5.2%
What changed this quarter
New
Bought for the first time this quarter.
- Vitesse EnergyVTS<0.1% of the fund
Added
Bought more of a stock they already held.
None this quarter.
Cut
Sold some of their stake.
- AppleAAPL5.3% of the fund-9%
Sold out
Sold their entire stake.
None this quarter.
Holdings
- Berkshire Hathaway INC DELBRK-A
- Share
- 29.7%
- Value
- $64m
- Shares
- 86
Held
- Alibaba Group HldgBABA
- Share
- 1.9%
- Value
- $4m
- Shares
- 41,900
Held
- MethanexMEOH
- Share
- 0.4%
- Value
- $923,814
- Shares
- 20,000
Held
- Magna InternationalMGA
- Share
- 0.3%
- Value
- $656,600
- Shares
- 10,000
Held
- Ryanair HoldingsRYAAY
- Share
- 0.2%
- Value
- $384,421
- Shares
- 5,937
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Berkshire Hathaway INC DELBRK-A | 29.7% | $64m | 86 | Held |
| AlphabetGOOG | 11.8% | $26m | 72,390 | Held |
| Synchrony FinancialSYF | 7.8% | $17m | 223,202 | Held |
| Occidental PetroleumOXY | 7.0% | $15m | 313,000 | Held |
| Sirius XM HoldingsSIRI | 5.6% | $12m | 409,589 | Held |
| AppleAAPL | 5.3% | $12m | 40,000 | -9% |
| Ally FinancialALLY | 4.8% | $10m | 225,525 | Held |
| StellantisSTLA | 3.7% | $8m | 1,394,194 | Held |
| Jefferies Financial GroupJEF | 3.4% | $7m | 149,237 | Held |
| PayPal HoldingsPYPL | 3.3% | $7m | 167,400 | Held |
| Wells Fargo & CompanyWFC | 2.3% | $5m | 59,542 | Held |
| CitigroupC | 2.1% | $5m | 32,695 | Held |
| Alibaba Group HldgBABA | 1.9% | $4m | 41,900 | Held |
| General MotorsGM | 1.9% | $4m | 52,000 | Held |
| Bank of AmericaBAC | 1.3% | $3m | 50,000 | Held |
| Pathward FinancialCASH | 1.1% | $2m | 27,389 | Held |
| PoolPOOL | 1.1% | $2m | 10,636 | Held |
| MbiaMBI | 1.0% | $2m | 321,000 | Held |
| Kraft HeinzKHC | 0.8% | $2m | 69,500 | Held |
| Berkshire HathawayBRK-B | 0.7% | $2m | 3,100 | Held |
| Assured GuarantyAGO | 0.6% | $1m | 16,990 | Held |
| China Yuchai InternationalCYD | 0.5% | $1m | 23,364 | Held |
| MethanexMEOH | 0.4% | $923,814 | 20,000 | Held |
| Moody'sMCO | 0.3% | $679,380 | 1,500 | Held |
| Magna InternationalMGA | 0.3% | $656,600 | 10,000 | Held |
| AtkoreATKR | 0.3% | $638,736 | 8,400 | Held |
| HPHPQ | 0.3% | $581,410 | 26,500 | Held |
| Imperial OilIMO | 0.3% | $561,466 | 5,000 | Held |
| Louisiana-PacificLPX | 0.2% | $462,993 | 5,886 | Held |
| Ryanair HoldingsRYAAY | 0.2% | $384,421 | 5,937 | Held |
| Vitesse EnergyVTS | <0.1% | $20,391 | 1,293 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 18.5% since 30 June 2025.
Where the money is
Financial services28.8%
Media & telecom17.4%
Energy7.3%
Technology5.9%
Retail & consumer5.8%
Industrials2.0%
Everyday goods0.8%
Materials0.4%
Other31.6%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.