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

As of Sep 30, 2019, 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 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