Francis Chou – Chou Associates Management Portfolio Activity & Recent Trades (Dec 31, 2025)
As of Dec 31, 2025, the Chou Associates Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 13, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.
During Q4 2025, the filing reported:
New Buys –
None reported
Increases –
None reported
Reductions – Citigroup, Inc., Alphabet Inc., Moody's Corporation, SiriusXM Holdings Inc
Complete Exits – Credit Acceptance Corporation, Lear Corporation, Sunrise Communications
These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.
| Date | Symbol | Name | Type | Change Qty | % Change | Value | Remaining |
|---|---|---|---|---|---|---|---|
Q4 2025 | C Citigroup, Inc. | Citigroup, Inc. | Sell | -25,000 | -43.3% | $3.82M | 32,695 |
Q4 2025 | CACC Credit Acceptance Corporation | Credit Acceptance Corporation | Sell - Position Exit | -262 | -100.0% | $0.00 | - |
Q4 2025 | GOOG Alphabet Inc. | Alphabet Inc. | Sell | -10,000 | -12.1% | $22.72M | 72,390 |
Q4 2025 | LEA Lear Corporation | Lear Corporation | Sell - Position Exit | -4,000 | -100.0% | $0.00 | - |
Q4 2025 | MCO Moody's Corporation | Moody's Corporation | Sell | -4,399 | -74.6% | $766.27K | 1,500 |
Q4 2025 | SIRI SiriusXM Holdings Inc | SiriusXM Holdings Inc | Sell | -292,873 | -41.7% | $8.19M | 409,589 |
Q4 2025 | SNREV Sunrise Communications | Sunrise Communications | Sell - Position Exit | -2,400 | -100.0% | $0.00 | - |
Q3 2025 | STLA Stellantis | Stellantis | Buy | +702,194 | +101.5% | $13.02M | 1,394,194 |
Q2 2025 | CYD China Yuchai | China Yuchai | Sell | -50,000 | -68.2% | $558.63K | 23,364 |
Q2 2025 | LBTYA Liberty Global | Liberty Global | Sell - Position Exit | -12,000 | -100.0% | $0.00 | - |
Q2 2025 | MEOH Methanex Corporation | Methanex Corporation | Buy | +16,000 | +400.0% | $662.24K | 20,000 |
Q2 2025 | OXY Occidental Petroleum Corporatio | Occidental Petroleum Corporatio | Buy | +245,000 | +360.3% | $13.15M | 313,000 |
Q2 2025 | STLA Stellantis | Stellantis | Sell | -704,388 | -50.4% | $6.94M | 692,000 |
Q1 2025 | BABA Alibaba Group Holding Limited | Alibaba Group Holding Limited | Buy | +38,500 | +1132.4% | $5.54M | 41,900 |
Q1 2025 | GM General Motors Company | General Motors Company | Buy - Position Entry | +52,000 | - | $2.45M | 52,000 |
Q1 2025 | OXY Occidental Petroleum Corporatio | Occidental Petroleum Corporatio | Buy - Position Entry | +68,000 | - | $3.36M | 68,000 |
Q1 2025 | Sell - Position Exit | -68,000 | -100.0% | $0.00 | - | ||
Q1 2025 | SIRI SiriusXM Holdings Inc | SiriusXM Holdings Inc | Buy | +689,872 | +5479.5% | $15.84M | 702,462 |
Q1 2025 | STLA Stellantis | Stellantis | Buy | +940,000 | +206.0% | $15.65M | 1,396,388 |
Q4 2024 | BRK-A Berkshire Hathaway Inc. | Berkshire Hathaway Inc. | Sell | -4 | -4.4% | $58.56M | 86 |
Q4 2024 | HTZWW Hertz Global Holdings, Inc Warrant | Hertz Global Holdings, Inc Warrant | Sell | -191,111 | -99.5% | $2.15K | 1,000 |
Q4 2024 | LBTYA Liberty Global | Liberty Global | Sell | -109,823 | -90.1% | $153.12K | 12,000 |
Q4 2024 | NAVI Navient Corporation | Navient Corporation | Sell - Position Exit | -264,245 | -100.0% | $0.00 | - |
Q4 2024 | OXY Occidental Petroleum Corporatio | Occidental Petroleum Corporatio | Sell - Position Exit | -200,000 | -100.0% | $0.00 | - |
Q4 2024 | SIRI SiriusXM Holdings Inc | SiriusXM Holdings Inc | Sell | -11,096 | -46.8% | $287.05K | 12,590 |
Q4 2024 | SNREV Sunrise Communications | Sunrise Communications | Buy - Position Entry | +2,400 | - | $103.39K | 2,400 |
Q4 2024 | SYF Synchrony Financial | Synchrony Financial | Buy | +22,500 | +11.6% | $14.02M | 215,702 |
Q3 2024 | HTZWW Hertz Global Holdings, Inc Warrant | Hertz Global Holdings, Inc Warrant | Sell | -50,106 | -20.7% | $420.72K | 192,111 |
Q3 2024 | Sell - Position Exit | -28,282 | -100.0% | $0.00 | - | ||
Q3 2024 | OXY Occidental Petroleum Corporatio | Occidental Petroleum Corporatio | Buy - Position Entry | +200,000 | - | $10.31M | 200,000 |