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FC

Francis Chou Chou Associates Management

AUM $217M
1-Year Est. Return 23.58%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+14.81%
1 Year Est. Return
+23.58%
3 Year Est. Return
+66.36%
5 Year Est. Return
+125.96%
10 Year Est. Return
+766.48%
AUM
$89.1M
AUM Growth
+$13M
Cap. Flow
+$756K
Cap. Flow %
0.85%
Top 10 Hldgs %
95.89%
Holding
18
New
2
Increased
–
Reduced
–
Closed
–

Top Buys

Rank Stock Value
1
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
+$451K
2
IMO icon
Imperial Oil
IMO
+$305K

Top Sells

No sells this quarter

Sector Composition

Rank Sector Weight
1 Financials 80.55%
2 Healthcare 8.7%
3 Consumer Discretionary 2.6%
4 Communication Services 2.39%
5 Technology 0.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BRK.A icon
1
Berkshire Hathaway Class A
BRK.A
$1.06T
$51.9M 58.22%
80
– –
BHC icon
2
Bausch Health
BHC
$2.41B
$7.76M 8.7%
715,000
– –
ALLY icon
3
Ally Financial
ALLY
$13.1B
$6.46M 7.25%
155,686
– –
SYF icon
4
Synchrony
SYF
$25.9B
$5.29M 5.94%
120,000
– –
C icon
5
Citigroup
C
$221B
$3.73M 4.19%
57,695
– –
HTZWW
6
Hertz Global Holdings Warrants
HTZWW
$93.8M
$3.37M 3.78%
741,583
– –
NAVI icon
7
Navient
NAVI
$886M
$3.26M 3.66%
183,338
– –
LBTYA icon
8
Liberty Global Class A
LBTYA
$3.63B
$1.67M 1.88%
96,823
– –
WFC icon
9
Wells Fargo
WFC
$254B
$1.16M 1.3%
19,542
– –
BB icon
10
BlackBerry
BB
$4.71B
$876K 0.98%
312,900
– –
STLA icon
11
Stellantis
STLA
$20.4B
$868K 0.97%
30,000
– –
CYD icon
12
China Yuchai International
CYD
$1.5B
$640K 0.72%
73,364
– –
MGA icon
13
Magna International
MGA
$19.5B
$557K 0.62%
10,000
– –
LSXMK
14
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$457K 0.51%
+15,032
New +$451K
RYAAY icon
15
Ryanair
RYAAY
$28.9B
$353K 0.4%
5,938
– –
IMO icon
16
Imperial Oil
IMO
$66.8B
$353K 0.4%
+5,000
New +$305K
BABA icon
17
Alibaba
BABA
$286B
$252K 0.28%
3,400
– –
MEOH icon
18
Methanex
MEOH
$4.65B
$182K 0.2%
4,000
– –

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Francis Chou's Q1 2024 Portfolio in Review

As of Q1 2024, Francis Chou held 18 positions worth $89.1M, up 17% from $76.1M the previous quarter. Its ten largest holdings account for 96% of the portfolio.

Francis Chou's Q1 2024 filing shows 2 new positions. Its largest new stake was Liberty Media Corporation Series C Liberty SiriusXM Common Stock: 15,032 shares worth $457K.

By sector, the portfolio is most concentrated in Financials at 81% of assets, up from 80% a quarter earlier, followed by Healthcare and Consumer Discretionary.

  • Francis Chou's largest Q1 2024 buy was Liberty Media Corporation Series C Liberty SiriusXM Common Stock: 15,032 shares worth $457K.
  • Francis Chou's ten largest holdings make up 96% of its $89.1M portfolio in Q1 2024.
  • Francis Chou opened 2 new positions and closed 0 in Q1 2024.
  • Francis Chou's portfolio value rose 17% quarter-over-quarter to $89.1M.

Based on Chou Associates Management's 13F filing for Q1 2024, filed 14 May 2024.