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

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 Dec 31, 2018. 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