Chou Associates Management Inc.
Sector Allocation
- Financials58.6%$126.8M
- Technology17.7%$38.4M
- Consumer Discretionary8.5%$18.3M
- Energy7.3%$15.8M
- Communication Services5.6%$12.1M
- Industrials1.2%$2.6M
- Consumer Staples0.8%$1.6M
- Materials0.4%$923,814
AUM History
13fpro.ai/research/fund/chou-associates-management-inc-1389403
Conviction and streaks
Concentrating · top 10 = 82.6%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
BRK.A
$64.4MGOOG
$25.6MSYF
$17.0MOXY
$15.2MSIRI
$12.1MAAPL
$11.6MALLY
$10.4MSTLA
$8.0MJEF
$7.5MPYPL
$7.2MWFC
$4.9MC
$4.6MBABA
$4.0MGM
$4.0MBAC
$2.8MCASH
$2.4MPOOL
$2.3MMBI
$2.1MKHC
$1.6MBRK.B
$1.6M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/chou-associates-management-inc-1389403
Chou Associates Management Inc. 13F holdings — Q2 2026
$216.6M portfolio (+3.0% QoQ) · 31 holdings · Q2 2026 13F · top 10 are 83% of the stock portfolio
$64.4M
29.7% of stocks
No changeThis quarter—Since filed10+ qtrsHeld$25.6M
11.8% of stocks
No changeThis quarter-8.2%Since filed9 qtrsHeld$17.0M
7.8% of stocks
No changeThis quarter-5.8%Since filed10+ qtrsHeld$15.2M
7.0% of stocks
No changeThis quarter+9.4%Since filed6 qtrsHeld$12.1M
5.6% of stocks
No changeThis quarter-3.6%Since filed8 qtrsHeld$11.6M
5.3% of stocks
-9%This quarter+13.8%Since filed9 qtrsHeld$10.4M
4.8% of stocks
No changeThis quarter-12.3%Since filed10+ qtrsHeld$8.0M
3.7% of stocks
No changeThis quarter-23.7%Since filed10+ qtrsHeld$7.5M
3.4% of stocks
No changeThis quarter-17.1%Since filed9 qtrsHeld$7.2M
3.3% of stocks
No changeThis quarter-7.1%Since filed9 qtrsHeld
All holdings — Chou Associates Management Inc. (Q2 2026)
31 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | WELLS FARGO & COMPANY/MN | Financials | $4.9M | 2.3% | 60K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | CITIGROUP INC | Financials | $4.6M | 2.1% | 33K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | Alibaba Group Holding Ltdadr | Consumer Discretionary | $4.0M | 1.9% | 42K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | General Motors Co | Consumer Discretionary | $4.0M | 1.9% | 52K | — | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | BANK OF AMERICA CORP /DE/ | Financials | $2.8M | 1.3% | 50K | — | 9 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | PATHWARD FINANCIAL, INC. | Financials | $2.4M | 1.1% | 27K | — | 9 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | POOL CORP | Consumer Discretionary | $2.3M | 1.1% | 11K | — | 9 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | MBIA INC | Financials | $2.1M | 1.0% | 321K | — | 9 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | Kraft Heinz Co | Consumer Staples | $1.6M | 0.8% | 70K | — | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | BERKSHIRE HATHAWAY INC | Financials | $1.6M | 0.7% | 3,100 | — | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | ASSURED GUARANTY LTD | Financials | $1.4M | 0.6% | 17K | — | 9 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | CHINA YUCHAI INTERNATIONAL LTD | Industrials | $1.1M | 0.5% | 23K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | METHANEX CORP | Materials | $924K | 0.4% | 20K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | MOODYS CORP /DE/ | Financials | $679K | 0.3% | 1,500 | — | 9 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | MAGNA INTERNATIONAL INC | Industrials | $657K | 0.3% | 10K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $ATKR | Atkore Inc. | Technology | $639K | 0.3% | 8,400 | — | |||
| 27 | $HPQ | HP INC | Technology | $581K | 0.3% | 27K | — | |||
| 28 | $IMO | IMPERIAL OIL LTD | Energy | $561K | 0.3% | 5,000 | — | |||
| 29 | $LPX | LOUISIANA-PACIFIC CORP | Industrials | $463K | 0.2% | 5,886 | — | |||
| 30 | $RYAAY | RYANAIR HOLDINGS PLC | Industrials | $384K | 0.2% | 5,937 | — | |||
| 31 | $VTS | Vitesse Energy, Inc. | Energy | $20K | 0.0% | 1,293 | New |
What changed in Q2 2026
Against the previous quarter's 13F: 1 new, 0 added to, 1 trimmed, 1 sold out. Share-count changes; largest moves by dollar size first.
Holdings by quarter
Every 13F Chou Associates Management Inc. has filed, 40 earlier quarters. Pick one to see what it held then.
Is it too late to follow Chou Associates Management?
Q2 2026 13F filed with the SEC on Aug 12, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Chou Associates Management's top 20 holdings: 69/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
-4.8%
Value-weighted move of the 10 largest stock positions
Turnover
0%
Last quarter; 0% over the last 4
Top 10 weight
83%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
98%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Chou Associates Management Inc. disclosed 31 positions worth $216.6M in its Form 13F-HR for Q2 2026, led by $BRK.A (BERKSHIRE HATHAWAY INC) at 29.7% of the equity portfolio, followed by $GOOG and $SYF. During the quarter the fund opened 1 new position and exited 1 — including a new stake in $VTS and a full exit from $BHR. The portfolio is most concentrated in Financials (58.6% of disclosed assets). All figures are sourced directly from Chou Associates Management Inc.’s Form 13F-HR filing with the SEC under CIK 1389403.
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AI-Powered Hedge Fund Analysis: Chou Associates Management Inc.
13F Pro is an AI hedge fund tracker and stock research platform. For Chou Associates Management Inc. (SEC CIK: 1389403), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
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