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Francis Chou — Founder & President — portfolio photo

Francis Chou
Portfolio: Top Holdings & Stock Picks

Chou Associates Management Inc.

Francis Chou (Chou Associates Management Inc.) disclosed 31 total holdings in its latest 13F filing dated 03/31/2026, with a portfolio value of $210.27 M and a turnover rate of 0.0%.

Portfolio Value
$210.27 M
Total Holdings
31
Latest Filing
Q1 2026
May 14, 2026
Turnover Rate
0.01%

Francis Chou Top Holdings of Q1 2026

Francis Chou Top Holdings of Q1 2026
Ticker Name Shares Value % of Portfolio Time Held % Change
86 $61.76 M 29.37% >10 Years 0.00%
72,390 $20.77 M 9.88% 1.7 Years 0.00%
OXY
313,000 $20.35 M 9.68% 1 Years 0.00%
SYF
223,202 $15.18 M 7.22% 3.2 Years +3.48%
44,000 $11.17 M 5.31% 1.7 Years 0.00%
1.39 M $9.88 M 4.70% 5 Years 0.00%
409,589 $9.45 M 4.50% 1.5 Years 0.00%
225,525 $8.85 M 4.21% 3.2 Years 0.00%
167,400 $7.57 M 3.60% 1.7 Years +308.29%
JEF
149,237 $6.16 M 2.93% 1.7 Years +1258.31%

Recent Moves

Significant New Position
+69,500 Shares | +$1.56 M Value
Initiated a new position in the Consumer Staples sector
Q1 2026
Added to Core Holding
+126,400 Shares | +$5.72 M Value
Modest increase in Financials
Q1 2026
Complete Exit
-1,293 Shares | -$24,903 Value
Cleared VTS, sector remains in portfolio
Q1 2026
Added to Core Holding
+138,250 Shares | +$5.71 M Value
Modest increase in Financials
Q1 2026

Francis Chou's Historical Top Holdings Overview

Portfolio Date:

Francis Chou Top Stock Picks

Ticker Name Date Activity Shares Shares Change Value Change
03/31/2026 Add 308.3% 167,400 126,400 $5.72 M
JEF
03/31/2026 Add 1258.3% 149,237 138,250 $5.71 M
KHC
03/31/2026 New Buy 69,500 69,500 $1.56 M
03/31/2026 New Buy 3,100 3,100 $1.49 M
SYF
03/31/2026 Add 3.5% 223,202 7,500 $510,150.17
HPQ
03/31/2026 New Buy 26,500 26,500 $509,065
03/31/2026 New Buy 8,400 8,400 $494,844
AGO
03/31/2026 Add 54.6% 16,990 6,000 $488,879.93
VTS
03/31/2026 Sold Out 0 -1,293 $24,903
12/31/2025 Reduce -41.7% 409,589 -292,873 $5.86 M

Francis Chou's Portfolio Sector Breakdown

Portfolio Date:

About Francis Chou

Francis Chou is a Canadian value investor and the founder of Chou Associates Management. Born in India, he moved to Canada and started his career as a telephone technician for Bell Canada before becoming a highly successful, self-taught portfolio manager. He is highly regarded in the value investing community for his impressive long-term track record and his humble, disciplined approach.

Frequently Asked Questions

As of 03/31/2026, Francis Chou holds 30 stocks. Top positions include BRK.A, GOOG, OXY, SYF, AAPL. For full portfolio details, please visit Francis Chou’s portfolio.

In Q1 2026, Francis Chou’s largest purchase by dollar amount was KHC. For complete transaction details, please visit Francis Chou’s portfolio.

According to the 13F filing for Q1 2026, Francis Chou increased their stake in PYPL, JEF.

Francis Chou's firm may occasionally request confidential treatment under SEC rule 13F-HR, which allows temporary non-disclosure of certain positions.