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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 2022

Holdings as of Mar 31, 2022, filed May 16, 2022. Long positions only; changes compare share counts with Q4 2021.

Institution overview
Positions
14
−1 vs. Q4 2021
Portfolio value
$135.4M
−$8.96M (−6.2%) vs. Q4 2021
Filed
May 16, 2022
SEC
Holdings of Chou Associates in Q1 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
BRK.ABerkshire Hathaway IncCL A100$52.9M39.1%00.0%UnchangedHistory
RFPResolute Forest Products Inc.COM3,096,460$40.0M29.5%00.0%UnchangedHistory
BHCBausch Health Companies Inc.Stock765,000$17.5M12.9%00.0%UnchangedHistory
MBIMbia IncCOM599,530$9.23M6.8%00.0%UnchangedHistory
JPMJPMorgan Chase & CoStock24,275$3.31M2.4%−10,000−29.2%ReducedHistory
CCitigroup IncStock57,695$3.08M2.3%00.0%UnchangedHistory
BBBLACKBERRY LtdCOM382,900$2.84M2.1%00.0%UnchangedHistory
GSGoldman Sachs Group IncStock7,100$2.34M1.7%00.0%UnchangedHistory
MGAMagna International IncCOM20,000$1.29M0.9%00.0%UnchangedHistory
WFCWells Fargo & CompanyStock19,542$947.0K0.7%00.0%UnchangedHistory
CYDChina Yuchai International LtdCOM73,364$855.0K0.6%00.0%UnchangedHistory
STLAStellantis N.V.SHS30,000$488.0K0.4%00.0%UnchangedHistory
RYAAYRyanair Holdings PLCSPONSORED ADR4,575$399.0K0.3%00.0%UnchangedHistory
LBTYALiberty Global Ltd.SHS CL A12,000$306.0K0.2%00.0%UnchangedHistory

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 2022
SecurityClassPutsCalls
Resolute FST Prods Inc76117W909CALL–$31.3M
Bausch Health Cos Inc071734907CALL–$13.7M
Mbia Inc55262C900CALL–$6.16M
Blackberry Ltd09228F903CALL–$1.35M

Sold out since Q4 2021 (1)

Positions held at the end of Q4 2021 that are gone from this filing.

Positions of Chou Associates sold out since Q4 2021
SecurityClassShares in Q4 2021Value in Q4 2021% of portfolio in Q4 2021History
PKXPosco Holdings Inc.SPONSORED ADR21,000$1.22M0.8%History