Chou Associates Management (Francis Chou)

Chou Associates Management (Francis Chou) has filed 13F reports from Q2 2013 through Q4 2025. The portfolio has returned 19.5% annualized over five years, with 23.2% volatility and a maximum drawdown of 63.3%. Across all filing periods, 9.8% included restatements and 0.0% introduced new holdings. Review the fund’s investment style metrics, recent position changes, track record by individual position and sector, and related educational resources below.