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
| Rank | Stock | Value |
|---|---|---|
| 1 |
ASCMA
Ascent Capital Group, Inc. Series A
ASCMA
|
+$6.23M |
| 2 |
SHLDW
Sears Holdings Corporation - Warrant
SHLDW
|
+$13.3K |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 29.01% |
| 2 | Materials | 18.48% |
| 3 | Consumer Discretionary | 18.12% |
| 4 | Technology | 11.18% |
| 5 | Healthcare | 5.66% |
Similar funds
Francis Chou's Q1 2015 Portfolio in Review
As of Q1 2015, Francis Chou held 25 positions worth $381M, down 0.29% from $382M the previous quarter. Its ten largest holdings account for 85% of the portfolio.
Francis Chou's Q1 2015 filing shows 2 new positions. Its largest new stake was Ascent Capital Group, Inc. Series A: 140,000 shares worth $5.57M.
By sector, the portfolio is most concentrated in Financials at 29% of assets, down from 30% a quarter earlier, followed by Materials and Consumer Discretionary.
- Francis Chou's largest Q1 2015 buy was Ascent Capital Group, Inc. Series A: 140,000 shares worth $5.57M.
- Francis Chou's ten largest holdings make up 85% of its $381M portfolio in Q1 2015.
- Francis Chou opened 2 new positions and closed 0 in Q1 2015.
- Francis Chou's portfolio value fell 0.29% quarter-over-quarter to $381M.
Based on Chou Associates Management's 13F filing for Q1 2015, filed 13 Apr 2015.