Francis Chou Portfolio Analysis: Concentration Risks and Holdings Overview
Francis Chou's portfolio, managed by Chou Associates Management as of June 30, 2026, shows significant concentration in Berkshire Hathaway Inc. (BRK-A) and other large positions.
As of June 30, 2026, Francis Chou's investment strategy through Chou Associates Management is characterized by a notable concentration in specific holdings. The largest position by weight belongs to BRK-A, representing Berkshire Hathaway Inc. (BRK-A).
This stake amounts to $64,401,080 and constitutes approximately 29.73% of the total portfolio value of $216,591,903. This allocation underscores a significant exposure to the Financial Services sector via Warren Buffett's conglomerate.
Examining the overall sector distribution reveals that Financial Services is heavily represented in Chou's holdings beyond just BRK-A. The portfolio includes substantial allocations across other sectors as well. Notably, the top holdings list highlights several large positions contributing to this concentrated profile.
The most significant position besides BRK-A is AAPL (Apple Inc.), valued at $11,574,400 or 5.34% of the portfolio. This holding saw a decrease in shares during the period, dropping by 9.09%. Other major positions include OXY (Ocidental Petroleum Corp.) and SIRI (SiriusXM Holdings Inc.), each representing over $10 million in value.
Chou's sector allocation breakdown shows Financial Services as his dominant theme, encompassing multiple holdings including BRK-A, GOOG (Alphabet Inc.), OXY, SIRI, AAPL, and several others like SYF, ALLY, JEF, PYPL. This sector accounts for a substantial 57.93% of the portfolio's total value.
While diversification metrics indicate holdings across various sectors (including Energy at 7.29%, Technology at 5.61%, and Consumer Discretionary at 5.59%), the presence of such a large position in BRK-A naturally limits diversification, potentially concentrating risk within Financial Services stocks.