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 |
Stellantis
STLA
|
+$6.72M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 54.97% |
| 2 | Communication Services | 17.6% |
| 3 | Consumer Discretionary | 12.29% |
| 4 | Energy | 7.35% |
| 5 | Technology | 5.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Berkshire Hathaway Class A
BRK.A
$1.06T
| $64.9M | 31.22% |
86
| – | – |
|
2
Alphabet (Google) Class C
GOOG
$4.18T
| $20.1M | 9.66% |
82,390
| – | – |
|
3
SiriusXM
SIRI
$9.67B
| $16.3M | 7.87% |
702,462
| – | – |
|
4
Synchrony
SYF
$25.9B
| $15.3M | 7.38% |
215,702
| – | – |
|
5
Occidental Petroleum
OXY
$61.3B
| $14.8M | 7.12% |
313,000
| – | – |
|
|
6
Stellantis
STLA
$20.4B
| $13M | 6.27% |
1,394,194
+702,194
| +101% | +$6.72M |
|
7
Apple
AAPL
$4.51T
| $11.2M | 5.39% |
44,000
| – | – |
|
8
Ally Financial
ALLY
$13.1B
| $8.84M | 4.26% |
225,525
| – | – |
|
9
Alibaba
BABA
$286B
| $7.49M | 3.6% |
41,900
| – | – |
|
10
Citigroup
C
$221B
| $5.86M | 2.82% |
57,695
| – | – |
|
11
Wells Fargo
WFC
$254B
| $4.99M | 2.4% |
59,542
| – | – |
|
12
Pool Corp
POOL
$6.83B
| $3.3M | 1.59% |
10,636
| – | – |
|
13
General Motors
GM
$77.2B
| $3.17M | 1.53% |
52,000
| – | – |
|
14
Moody's
MCO
$87.2B
| $2.81M | 1.35% |
5,899
| – | – |
|
15
PayPal
PYPL
$52.7B
| $2.75M | 1.32% |
41,000
| – | – |
|
16
Bank of America
BAC
$431B
| $2.58M | 1.24% |
50,000
| – | – |
|
17
MBIA
MBI
$250M
| $2.39M | 1.15% |
321,000
| – | – |
|
18
Pathward Financial
CASH
$1.74B
| $2.03M | 0.98% |
27,389
| – | – |
|
19
China Yuchai International
CYD
$1.5B
| $967K | 0.47% |
23,364
| – | – |
|
20
Assured Guaranty
AGO
$3.27B
| $930K | 0.45% |
10,990
| – | – |
|
21
Methanex
MEOH
$4.65B
| $795K | 0.38% |
20,000
| – | – |
|
22
Jefferies Financial Group
JEF
$12.1B
| $719K | 0.35% |
10,987
| – | – |
|
23
Louisiana-Pacific
LPX
$5.12B
| $523K | 0.25% |
5,886
| – | – |
|
24
Magna International
MGA
$19.5B
| $474K | 0.23% |
10,000
| – | – |
|
25
Imperial Oil
IMO
$66.8B
| $453K | 0.22% |
5,000
| – | – |
|
Similar funds
Francis Chou's Q3 2025 Portfolio in Review
As of Q3 2025, Francis Chou held 31 positions worth $208M, up 14% from $183M the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Francis Chou deployed $6.72M of net new capital in Q3 2025, adding to 1 existing holding.
By sector, the portfolio is most concentrated in Financials at 55% of assets, down from 60% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Francis Chou added most to Stellantis in Q3 2025, an estimated $6.72M increase.
- Francis Chou's ten largest holdings make up 86% of its $208M portfolio in Q3 2025.
- Francis Chou opened 0 new positions and closed 0 in Q3 2025.
- Francis Chou's portfolio value rose 14% quarter-over-quarter to $208M.
Based on Chou Associates Management's 13F filing for Q3 2025, filed 14 Nov 2025.