Francis Chou - Chou Associates Management 13F Activity & Position Changes (Q1 2020)

According to the SEC 13F filed on Aug 12, 2026, the Chou Associates Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2020. 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 Q1 2020, the filing reported:

New Buys - None reported

Increases - None reported

Reductions - Bank of America Corporation, Bausch Health Companies Inc., DaVita Inc., JP Morgan Chase & Co.

Complete Exits - None reported

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
Q1 2020	BAC Bank of America Corporation	Bank of America Corporation	Sell	-10,000	-35.2%	$390.00	18,376
Q1 2020	BHC Bausch Health Companies Inc.	Bausch Health Companies Inc.	Sell	-60,000	-3.7%	$24.16K	1,558,992
Q1 2020	DVA DaVita Inc.	DaVita Inc.	Sell	-68,000	-67.5%	$2.49K	32,743
Q1 2020	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Sell	-10,000	-22.6%	$3.09K	34,275