What did Francis Chou buy in Q4 2025?

Francis Chou disclosed no new buys in the Q4 2025 13F.

What did Francis Chou sell in Q4 2025?

Francis Chou exited 3 positions (LEA, SNREN, CACC) and trimmed 3.

What Francis Chou bought and sold in Q4 2025

In Q4 2025, Francis Chou (Chou Associates) trimmed 3, exited 3 (LEA, SNREN, CACC). The book stood at $202M across 28 positions, filed Feb 13, 2026.

0New0Added3Trimmed3Exited

Share𝕏 in

Trimmed (3)

SIRISirius XM Holdings Inc-42% shares · 4.1% · $8M
CCitigroup Inc-43% shares · 1.9% · $4M
MCOMoody's Corp-75% shares · 0.4% · $766K

Exited (3)

LEALear Corpwas 0.2% of book
SNRENSunrise Communicat-cl Awas 0.1% of book
CACCCredit Acceptance Corpwas 0.1% of book

Francis Chou's other filings

Q2 2026 changes Q1 2026 changes Q3 2025 changes Q2 2025 changes Q1 2025 changes

Francis Chou's full portfolio →The whole cohort in Q4 2025 →

Changes vs the prior quarter's 13F, long US equity positions only (no shorts, options, or non-US listings). ADD/TRIM are share- count changes of ±20% or more. Sourced from SEC EDGAR. Not investment advice.