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
|
+$27.9M |
| 2 |
ENDP
Endo International plc
ENDP
|
+$5.59M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 37.07% |
| 2 | Healthcare | 20.31% |
| 3 | Materials | 16.78% |
| 4 | Technology | 4.52% |
| 5 | Consumer Discretionary | 3.7% |
Similar funds
Francis Chou's Q1 2018 Portfolio in Review
As of Q1 2018, Francis Chou held 24 positions worth $237M, up 1.5% from $234M the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Francis Chou deployed $28.7M of net new capital in Q1 2018, adding to 2 existing holdings.
By sector, the portfolio is most concentrated in Financials at 37% of assets, down from 37% a quarter earlier, followed by Healthcare and Materials.
- Francis Chou added most to Bausch Health in Q1 2018, an estimated $27.9M increase.
- Francis Chou's ten largest holdings make up 87% of its $237M portfolio in Q1 2018.
- Francis Chou opened 0 new positions and closed 0 in Q1 2018.
- Francis Chou's portfolio value rose 1.5% quarter-over-quarter to $237M.
Based on Chou Associates Management's 13F filing for Q1 2018, filed 11 May 2018.