← All Managers

Francis Chou

Chou Associates Management

Canadian value investor

$210.3M

Portfolio Value

31

Holdings

Q1 '26

Period

2026-05-14

Filed

📉

Simulated 13F Return

⚠️ Approximation

Total Return

+7.12%

Q1 '25Q4 '25

Annualized

+9.57%/yr

S&P: +26.24%/yr

Alpha (vs S&P)

-12.06%

3 quarters tracked

1-Year Return

⚠️ Approximation only. 13F filings are delayed ~45 days. Options, shorts, and intra-quarter trades not captured.

📈 Recent Activity

Changes from previous quarter

SYF-PBINCREASED
7.2% of portfolio
+3% shares-1.7pp
PYPLREDUCED
3.6% of portfolio
+308% shares+2.4pp
JEFINCREASED
2.9% of portfolio
+13x shares+2.6pp
1.2% of portfolio
New position
KHCNEW
0.7% of portfolio
New position
0.7% of portfolio
New position
AGOINCREASED
0.7% of portfolio
+55% shares+0.2pp
HPQNEW
0.2% of portfolio
New position
ATKRNEW
0.2% of portfolio
New position
VTSSOLD
was <0.1%
Sold out position
Filing price: $19.26
HTZWWSOLD
was <0.1%
Sold out position
Filing price: $2.68

Sold Out (2)

SOLDHTZWWHERTZ GLOBAL HLDGS INCwas 0.00%@$2.68
SOLDVTSVITESSE ENERGY INCwas 0.01%@$19.26

📊 Sector Breakdown

Portfolio allocation by sector

Financials 35.3%Unknown 32.8%Technology 21.5%Energy 9.7%Consumer Staples 0.7%

💼 Holdings

🔍

31 of 31 positions · $210.3M

This quarter: 5 new positions, increased 3, reduced 1, sold 2. Net buyer.

29.4%
29.4% of portfolio
Filed ~$718140
📄
9.9%
9.9% of portfolio
Filed ~$287
📄
9.7%
9.7% of portfolio
Filed ~$65
📄
SYF-PBINCREASED
7.2%
7.2% of portfolio (was 8.9%, added)
Filed ~$68
📄
5.3%
5.3% of portfolio
Filed ~$254
📄
4.7%
4.7% of portfolio
Filed ~$7
📄
4.5%
4.5% of portfolio
Filed ~$23
📄
4.2%
4.2% of portfolio
Filed ~$39
📄
PYPLREDUCED
3.6%
3.6% of portfolio (was 1.2%, trimmed)
Filed ~$45
📄
JEFINCREASED
2.9%
2.9% of portfolio (was 0.3%, added)
Filed ~$41
📄
2.5%
2.5% of portfolio
Filed ~$125
📄
2.3%
2.3% of portfolio
Filed ~$80
📄
1.8%
1.8% of portfolio
Filed ~$75
📄
1.8%
1.8% of portfolio
Filed ~$113
📄
1.2%
1.2% of portfolio (new position)
Filed ~$1
📄
1.2%
1.2% of portfolio
Filed ~$89
📄
1.2%
1.2% of portfolio
Filed ~$49
📄
1.0%
1.0% of portfolio
Filed ~$202
📄
0.9%
0.9% of portfolio
Filed ~$6
📄
KHCNEW
0.7%
0.7% of portfolio (new position)
Filed ~$22
📄
0.7%
0.7% of portfolio (new position)
Filed ~$479
📄
AGOINCREASED
0.7%
0.7% of portfolio (was 0.5%, added)
Filed ~$81
📄
0.6%
0.6% of portfolio
Filed ~$60
📄
0.4%
0.4% of portfolio
Filed ~$39
📄
0.3%
0.3% of portfolio
Filed ~$131
📄
125 of 31

🚫 Sold Out (2 positions)

SOLDHTZWWHERTZ GLOBAL HLDGS INCwas 0.00%@$2.681000 shares · $3K
SOLDVTSVITESSE ENERGY INCwas 0.01%@$19.261293 shares · $25K