Francis Chou's portfolio
Value investing pioneer in Canada; patient, research-intensive, contrarian bottom-up picker.
What changed in Q2 2026
Compared with the previous 13F. Values are as reported at quarter end. How to read a 13F.
New positions
- VTSVTS$20,391
Added to
None this quarter.
Trimmed
- AppleAAPL$12M
Sold out
None this quarter.
Holdings
31 US-listed positions in the Q2 2026 13F, largest first.
| Stock | % of portfolio | Value | Shares | Last quarter |
|---|---|---|---|---|
| Berkshire Hathaway Inc-Cl ABRK/A | 29.73% | $64M | 86 | Held |
| Alphabet Inc Class CGOOG | 11.81% | $26M | 72,390 | Held |
| Synchrony FinancialSYF | 7.84% | $17M | 223,202 | Held |
| Occidental PetroleumOXY | 7.02% | $15M | 313,000 | Held |
| Sirius XM HoldingSIRI | 5.59% | $12M | 409,589 | Held |
| AppleAAPL | 5.34% | $12M | 40,000 | Trimmed |
| Ally FinancialALLY | 4.79% | $10M | 225,525 | Held |
| STLASTLA | 3.69% | $8M | 1,394,194 | Held |
| Jefferies FinancialJEF | 3.44% | $7M | 149,237 | Held |
| Paypal Hldgs | 3.34% | $7M | 167,400 | Held |
| Wells Fargo &WFC | 2.27% | $5M | 59,542 | Held |
| CitigroupC | 2.11% | $5M | 32,695 | Held |
| Alibaba Group HoldingBABA | 1.86% | $4M | 41,900 | Held |
| General MotorsGM | 1.85% | $4M | 52,000 | Held |
| Bank of AmericaBAC | 1.31% | $3M | 50,000 | Held |
| Meta FinancialCASH | 1.10% | $2M | 27,389 | Held |
| PoolPOOL | 1.05% | $2M | 10,636 | Held |
| MBIMBI | 0.97% | $2M | 321,000 | Held |
| Kraft HeinzKHC | 0.76% | $2M | 69,500 | Held |
| Berkshire Hathaway Inc-Cl BBRK/B | 0.72% | $2M | 3,100 | Held |
| Assured GuarantyAGO | 0.63% | $1M | 16,990 | Held |
| China Yuchai International LimitedCYD | 0.51% | $1M | 23,364 | Held |
| MethanexMEOH | 0.43% | $923,814 | 20,000 | Held |
| MoodysMCO | 0.31% | $679,380 | 1,500 | Held |
| Magna InternationalMGA | 0.30% | $656,600 | 10,000 | Held |
| Atkore InternationalATKR | 0.29% | $638,736 | 8,400 | Held |
| HPHPQ | 0.27% | $581,410 | 26,500 | Held |
| Imperial OilIMO | 0.26% | $561,466 | 5,000 | Held |
| Louisiana-PacificLPX | 0.21% | $462,993 | 5,886 | Held |
| Ryanair Holdings PLC ADRRYAAY | 0.18% | $384,421 | 5,937 | Held |
| VTSVTS | 0.01% | $20,391 | 1,293 | New |
By sector
Share of the reported value.
Reported value over time
Total 13F value at each quarter end.
Questions
What stocks does Francis Chou own?
In the Q2 2026 13F, Chou Associates Management reported 31 US stock positions worth $217M. The largest: Berkshire Hathaway Inc-Cl A (BRK/A) 29.7%, Alphabet Inc Class C (GOOG) 11.8%, Synchrony Financial (SYF) 7.8%, Occidental Petroleum (OXY) 7.0%, Sirius XM Holding (SIRI) 5.6%.
What did Francis Chou buy last quarter?
In Q2 2026: new position in VTS (VTS).
When is Francis Chou's next 13F?
13F filings are due 45 days after each quarter ends. The Q3 2026 filing is due by November 14, 2026.
More investors
13F filings list US-listed long positions (and some options) held at quarter end. They leave out short positions, cash, bonds and non-US holdings, and arrive up to 45 days after the quarter ends, so the investor may have traded since. Information only, not investment advice.