Chou Associates · SEC Form 13F for Sep 30, 2026 · filed Nov 12, 2026
Francis Chou
$212 million in 31 stocks
Berkshire Hathaway (Class A) is 30% of it, and five stocks make up 64%. Against Q2 2026: no position opened, closed or changed by 20% or more.
What changed in Q3 2026
Change in shares since Q2 2026. Changes under 20% are in grey.
Opened0
None
Added to0
None
Trimmed0
None
Sold out0
None
The portfolio in one line
Each block is a holding, as wide as its share of the portfolio.
opened or added 20% or more trimmed 20% or more otherwise
31 matching positions
| Company | Weight | This quarter | Reported value | 8 quarters |
|---|---|---|---|---|
Berkshire Hathaway (Class A)BRK/APosition detailsQuote on Yahoo Finance ↗ 86 reported shares · $747005.29 per unit · $64,242,455 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 30.32% | No change | $64M | |
Alphabet (Class C)GOOGPosition detailsQuote on Yahoo Finance ↗ 72,390 reported shares · $340.74 per unit · $24,666,169 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 11.64% | No change | $25M | |
Occidental PetroleumOXYPosition detailsQuote on Yahoo Finance ↗ 313,000 reported shares · $55.32 per unit · $17,315,164 reported value 7 recorded quarters of position-weight history; not proof of continuous ownership. | 8.17% | No change | $17M | |
Synchrony FinancialSYFPosition detailsQuote on Yahoo Finance ↗ 223,202 reported shares · $70.97 per unit · $15,840,651 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 7.48% | No change | $16M | |
AppleAAPLPosition detailsQuote on Yahoo Finance ↗ 40,000 reported shares · $333.02 per unit · $13,320,800 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 6.29% | No change | $13M | |
Sirius XMSIRIPosition detailsQuote on Yahoo Finance ↗ 409,589 reported shares · $25.88 per unit · $10,600,168 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 5.00% | No change | $11M | |
PayPalPYPLPosition detailsQuote on Yahoo Finance ↗ 167,400 reported shares · $52.53 per unit · $8,793,525 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 4.15% | No change | $9M | |
Ally FinancialALLYPosition detailsQuote on Yahoo Finance ↗ 225,525 reported shares · $37.62 per unit · $8,484,254 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 4.00% | No change | $8M | |
Jefferies FinancialJEFPosition detailsQuote on Yahoo Finance ↗ 149,237 reported shares · $45.73 per unit · $6,824,611 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 3.22% | No change | $7M | |
Stellantis N.vSTLAPosition detailsQuote on Yahoo Finance ↗ 1,394,194 reported shares · $4.36 per unit · $6,078,687 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 2.87% | No change | $6M | |
Wells FargoWFCPosition detailsQuote on Yahoo Finance ↗ 59,542 reported shares · $80.05 per unit · $4,766,338 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 2.25% | No change | $5M | |
AlibabaBABAPosition detailsQuote on Yahoo Finance ↗ 41,900 reported shares · $107.54 per unit · $4,505,926 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 2.13% | No change | $5M | |
CitigroupCPosition detailsQuote on Yahoo Finance ↗ 32,695 reported shares · $129.48 per unit · $4,233,351 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 2.00% | No change | $4M | |
General Motors CoGMPosition detailsQuote on Yahoo Finance ↗ 52,000 reported shares · $77.00 per unit · $4,004,001 reported value 7 recorded quarters of position-weight history; not proof of continuous ownership. | 1.89% | No change | $4M | |
Bank of AmericaBACPosition detailsQuote on Yahoo Finance ↗ 50,000 reported shares · $54.43 per unit · $2,721,500 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.28% | No change | $3M | |
Pathward Financial IncCASHPosition detailsQuote on Yahoo Finance ↗ 27,389 reported shares · $71.14 per unit · $1,948,454 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.92% | No change | $2M | |
Pool CorpPOOLPosition detailsQuote on Yahoo Finance ↗ 10,636 reported shares · $161.87 per unit · $1,721,649 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.81% | No change | $2M | |
Kraft HeinzKHCPosition detailsQuote on Yahoo Finance ↗ 69,500 reported shares · $22.72 per unit · $1,579,040 reported value 3 recorded quarters of position-weight history; not proof of continuous ownership. | 0.74% | No change | $2M | |
Berkshire Hathaway (Class B)BRK/BPosition detailsQuote on Yahoo Finance ↗ 3,100 reported shares · $497.95 per unit · $1,543,645 reported value 3 recorded quarters of position-weight history; not proof of continuous ownership. | 0.73% | No change | $2M | |
Mbia IncMBIPosition detailsQuote on Yahoo Finance ↗ 321,000 reported shares · $4.26 per unit · $1,367,460 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.65% | No change | $1M | |
Methanex CorpMEOHPosition detailsQuote on Yahoo Finance ↗ 20,000 reported shares · $58.66 per unit · $1,173,173 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.55% | No change | $1M | |
Assured Guaranty LtdPosition details16,990 reported shares · $67.72 per unit · $1,150,563 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.54% | No change | $1M | |
HP IncHPQPosition detailsQuote on Yahoo Finance ↗ 26,500 reported shares · $31.28 per unit · $828,920 reported value 3 recorded quarters of position-weight history; not proof of continuous ownership. | 0.39% | No change | $829K | |
Atkore IncATKRPosition detailsQuote on Yahoo Finance ↗ 8,400 reported shares · $94.75 per unit · $795,900 reported value 3 recorded quarters of position-weight history; not proof of continuous ownership. | 0.38% | No change | $796K | |
China Yuchai Intl LtdPosition details23,364 reported shares · $31.03 per unit · $724,985 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.34% | No change | $725K | |
Moody’sMCOPosition detailsQuote on Yahoo Finance ↗ 1,500 reported shares · $454.13 per unit · $681,195 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.32% | No change | $681K | |
Magna International IncMGAPosition detailsQuote on Yahoo Finance ↗ 10,000 reported shares · $63.67 per unit · $636,700 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.30% | No change | $637K | |
Imperial Oil LtdIMOPosition detailsQuote on Yahoo Finance ↗ 5,000 reported shares · $122.97 per unit · $614,834 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.29% | No change | $615K | |
Louisiana-PacificLPXPosition detailsQuote on Yahoo Finance ↗ 5,886 reported shares · $64.55 per unit · $379,941 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.18% | No change | $380K | |
Ryanair Holdings PLC ADRRYAAYPosition detailsQuote on Yahoo Finance ↗ 5,937 reported shares · $55.01 per unit · $326,595 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.15% | No change | $327K | |
Vitesse Energy IncVTSPosition detailsQuote on Yahoo Finance ↗ 1,293 reported shares · $16.70 per unit · $21,593 reported value 7 recorded quarters of position-weight history; not proof of continuous ownership. | 0.01% | No change | $22K |
How to read this table
- Weight is a holding’s share of the reported portfolio, not of everything the manager runs.
- Price per unit is the reported value divided by the reported shares at quarter end.
- Some filings state dollar values in thousands. Those are shown here in dollars.
- Share changes compare two filings. They can reflect splits or corrections as well as trades.
- Every change is listed here. Across the site, an investor counts as adding or reducing only when the change is 20% or more, or a position is opened or closed.
- “N/A” means the two filings could not be compared, not that nothing changed.
- Filings do not show trade dates or reasons.
Source: SEC Form 13F for Sep 30, 2026, filed Nov 12, 2026 · Form 13F 0001104659-26-125638 ↗SEC filing index ↗ · A filing lists long US-listed positions at quarter end. It is not a live portfolio and gives no reasons for a change.
About Francis Chou
Francis Chou has managed the Chou Funds since their inception. The independent Canadian investment firm was founded in 1981. Firm background ↗
In its portfolio for the quarter ended Mar 31, 2014, Chou Associates’s largest reported positions included Resolute Fst Prods Inc, Berkshire Hathaway Inc Del, Sears Hldgs Corp. Historical filing ↗
In the filing dated Aug 12, 2026, Chou Associates reported as Chou Associates Management Inc. with an office in TORONTO. Francis S.M. Chou, CEO, signed the filing. SEC cover page ↗
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