Francis Chou Q1 2026 Portfolio Activity: Significant Increases in JEFFERIES and PAYPAL Holdings

Francis Chou, managing Chou Associates Management, reported significant portfolio activity during the first quarter of 2026, as of March 31, 2026. The disclosed portfolio, valued at approximately $20.8 million, shows notable changes in several holdings, reflecting strategic buying and maintaining key positions.

Among the most striking movements was the substantial increase in holdings of JEFFERIES FINL GROUP INC (JEF). Chou added 138,250 shares, representing a staggering 1258.31% increase from the previous quarter. Similarly, PAYPAL HLDGS INC (PYPL) saw a massive 308.29% increase, with the addition of 126,400 shares. These two holdings, both within the Financial Services sector, now account for significant portions of the portfolio.

SYNCHRONY FINANCIAL (SYF) also saw an increase, with 7,500 additional shares purchased, marking a 3.48% rise. Other Financial Services names like ASSURED GUARANTY LTD (G0585R106) and BERKSHIRE HATHAWAY INC DEL (BRK-B) maintained their positions through stable share counts, indicating confidence in these holdings.

In the Consumer Defensive sector, KRAFT HEINZ CO (KHC) and in Technology, HP INC (HPQ), Chou maintained existing positions by keeping the same number of shares as the previous quarter. Similarly, INDUSTRIALS stock ATKORE INC (ATKR) remained unchanged. These holdings, along with the stable Financials, contribute to the current allocation.

No information is available regarding new positions initiated or any positions fully exited during this quarter.

For more detailed information on Francis Chou's investment strategy and performance, visit Chou Associates Management. You can explore the specific holdings like SYF, PYPL, JEF, and many others by symbol.