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 |
Bausch Health
BHC
|
+$13.3M |
| 2 |
SHLD
Sears Holding Corporation
SHLD
|
+$5.65M |
| 3 |
CBI
Chicago Bridge & Iron Nv
CBI
|
+$2.49M |
| 4 |
GM.WS.B
General Motors Company
GM.WS.B
|
+$164K |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 26.12% |
| 2 | Healthcare | 18.11% |
| 3 | Consumer Discretionary | 15.6% |
| 4 | Materials | 10.26% |
| 5 | Technology | 9.5% |
Similar funds
Francis Chou's Q2 2016 Portfolio in Review
As of Q2 2016, Francis Chou held 28 positions worth $262M, down 15% from $308M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Francis Chou deployed $22.6M of net new capital in Q2 2016, opening 3 new positions and adding to 2 existing holdings. Its largest new stake was Chicago Bridge & Iron Nv: 67,446 shares worth $2.34M.
By sector, the portfolio is most concentrated in Financials at 26% of assets, up from 23% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Francis Chou's largest Q2 2016 buy was Chicago Bridge & Iron Nv: 67,446 shares worth $2.34M.
- Francis Chou added most to Bausch Health in Q2 2016, an estimated $13.3M increase.
- Francis Chou's ten largest holdings make up 80% of its $262M portfolio in Q2 2016.
- Francis Chou opened 3 new positions and closed 1 in Q2 2016.
- Francis Chou's portfolio value fell 15% quarter-over-quarter to $262M.
Based on Chou Associates Management's 13F filing for Q2 2016, filed 8 Aug 2016.