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Chou Associates

Superinvestor

Chou Associates Management Inc.

SEC CIK
0001389403
Manager
Francis Chou
Style
Value
Latest filing
Aug 12, 2026

Holdings in Q1 2021

Holdings as of Mar 31, 2021, filed May 21, 2021. Long positions only.

Institution overview
Positions
16
No 13F data for Q4 2020
Portfolio value
$172.4M
No 13F data for Q4 2020
Filed
May 21, 2021
AmendedSEC

Livermore's 13F data starts with Q1 2021, so this quarter has no previous quarter to compare with and changes are not shown.

Holdings of Chou Associates in Q1 2021
SecurityClassSharesValue% of portfolioShare changeActionHistory
RFPResolute Forest Products Inc.COM4,559,460$49.9M28.9%––History
BHCBausch Health Companies Inc.Stock1,495,000$47.4M27.5%––History
BRK.ABerkshire Hathaway IncCL A100$38.5M22.4%––History
WFCWells Fargo & CompanyStock169,542$6.62M3.8%––History
MBIMbia IncCOM599,530$5.76M3.3%––History
JPMJPMorgan Chase & CoStock34,275$5.21M3.0%––History
CCitigroup IncStock67,695$4.92M2.9%––History
GSGoldman Sachs Group IncStock14,000$4.58M2.7%––History
BBBLACKBERRY LtdCOM400,000$3.35M1.9%––History
MGAMagna International IncCOM20,000$1.76M1.0%––History
PKXPosco Holdings Inc.SPONSORED ADR21,000$1.51M0.9%––History
CYDChina Yuchai International LtdCOM73,364$1.14M0.7%––History
STLAStellantis N.V.SHS30,000$533.0K0.3%––History
RYAAYRyanair Holdings PLCSPONSORED ADR4,575$526.0K0.3%––History
BACBank of America CorpStock8,376$324.0K0.2%––History
LBTYALiberty Global Ltd.SHS CL A12,000$308.0K0.2%––History

Options (4)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of Chou Associates in Q1 2021
SecurityClassPutsCalls
Resolute FST Prods Inc76117W909CALL–$22.7M
Bausch Health Cos Inc071734907CALL–$19.0M
Mbia Inc55262C900CALL–$3.85M
Blackberry Ltd09228F903CALL–$3.35M