Francis Chou Chou Associates Management
Francis Chou is the founder of Chou Associates Management and a Canadian value investor known for deep-value and special-situation securities. His funds have historically owned a mix of equities and distressed or complex instruments when prices offered a margin of safety. Chou’s annual reports are read for candid discussion of mistakes, opportunities, and long-term results.
Top Buys
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sanofi
SNY
|
+$2.14M |
| 2 |
ASCMA
Ascent Capital Group, Inc. Series A
ASCMA
|
+$58K |
| 3 |
SHLD
Sears Holding Corporation
SHLD
|
+$27K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 45.43% |
| 2 | Healthcare | 28.1% |
| 3 | Materials | 16% |
| 4 | Consumer Discretionary | 2.23% |
| 5 | Technology | 1.99% |
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Francis Chou's Q1 2019 Portfolio in Review
As of Q1 2019, Francis Chou held 28 positions worth $236M, up 5.8% from $223M the previous quarter. Its ten largest holdings account for 85% of the portfolio.
Francis Chou's Q1 2019 filing shows 2 reduced and 3 closed positions. The largest sale was Sanofi, an estimated $2.14M.
By sector, the portfolio is most concentrated in Financials at 45% of assets, down from 46% a quarter earlier, followed by Healthcare and Materials.
- Francis Chou's biggest Q1 2019 reduction was Sanofi, cutting an estimated $2.14M.
- Francis Chou fully exited Ascent Capital Group, Inc. Series A in Q1 2019, selling an estimated $58K.
- Francis Chou's ten largest holdings make up 85% of its $236M portfolio in Q1 2019.
- Francis Chou opened 0 new positions and closed 3 in Q1 2019.
- Francis Chou's portfolio value rose 5.8% quarter-over-quarter to $236M.
Based on Chou Associates Management's 13F filing for Q1 2019, filed 13 May 2019.