Francis Chou - Chou Associates Management 13F Activity & Position Changes (Q4 2018)

As of Dec 31, 2018, 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 Q4 2018, the filing reported:

New Buys - Magna International, Inc.

Increases - None reported

Reductions - MBIA Inc., Sanofi

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
Q4 2018	MBI MBIA Inc.	MBIA Inc.	Sell	-5,566	-0.6%	$8.50K	952,531
Q4 2018	MGA Magna International, Inc.	Magna International, Inc.	Buy - Position Entry	+20,000	-	$909.00	20,000
Q4 2018	SNY Sanofi	Sanofi	Sell	-62,000	-17.2%	$12.94K	298,000