Francis Chou - Chou Associates Management 13F Activity & Position Changes (Q3 2019)

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 Sep 30, 2019. 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 Q3 2019, the filing reported:

New Buys - None reported

Increases - None reported

Reductions - Citigroup, Inc., Goldman Sachs Group, Inc. (The), JP Morgan Chase & Co., MBIA Inc., Wells Fargo & Company

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
Q3 2019	C Citigroup, Inc.	Citigroup, Inc.	Sell	-62,305	-47.9%	$4.68K	67,695
Q3 2019	GS Goldman Sachs Group, Inc. (The)	Goldman Sachs Group, Inc. (The)	Sell	-30,000	-60.0%	$4.14K	20,000
Q3 2019	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Sell	-65,000	-59.5%	$5.21K	44,275
Q3 2019	MBI MBIA Inc.	MBIA Inc.	Sell	-300,000	-31.5%	$6.02K	652,531
Q3 2019	WFC Wells Fargo & Company	Wells Fargo & Company	Sell	-95,000	-21.9%	$17.13K	339,542