Francis Chou - Chou Associates Management 13F Activity & Position Changes (Q1 2026)

As of Mar 31, 2026, 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 2026, the filing reported:

New Buys - Atkore Inc., Berkshire Hathaway Inc. New, HP Inc., The Kraft Heinz Company

Increases - Assured Guaranty, Jefferies Financial Group Inc., PayPal Holdings, Inc., Synchrony Financial

Reductions - None reported

Complete Exits - Hertz Global Holdings, Inc Warrant, Vitesse Energy, Inc.

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 2026	ATKR Atkore Inc.	Atkore Inc.	Buy - Position Entry	+8,400	-	$494.84K	8,400
Q1 2026	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy - Position Entry	+3,100	-	$1.49M	3,100
Q1 2026	G0585R106 Assured Guaranty	Assured Guaranty	Buy	+6,000	+54.6%	$1.38M	16,990
Q1 2026	HPQ HP Inc.	HP Inc.	Buy - Position Entry	+26,500	-	$509.06K	26,500
Q1 2026	HTZWW Hertz Global Holdings, Inc Warrant	Hertz Global Holdings, Inc Warrant	Sell - Position Exit	-1,000	-100.0%	$0.00	-
Q1 2026	JEF Jefferies Financial Group Inc.	Jefferies Financial Group Inc.	Buy	+138,250	+1258.3%	$6.16M	149,237
Q1 2026	KHC The Kraft Heinz Company	The Kraft Heinz Company	Buy - Position Entry	+69,500	-	$1.56M	69,500
Q1 2026	PYPL PayPal Holdings, Inc.	PayPal Holdings, Inc.	Buy	+126,400	+308.3%	$7.57M	167,400
Q1 2026	SYF Synchrony Financial	Synchrony Financial	Buy	+7,500	+3.5%	$15.18M	223,202
Q1 2026	VTS Vitesse Energy, Inc.	Vitesse Energy, Inc.	Sell - Position Exit	-1,293	-100.0%	$0.00	-