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

As of Mar 31, 2020, the Chou Associates Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 14, 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 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