Chou Associates Management Inc. Long-Term Concentrated

Location: Toronto, Ontario, Canada

CIK: 0001389403 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 13, 2026

Total Value: $202M (100.0% shares, 0.0% debt)

Holdings (28)

BRK/A BERKSHIRE HATHAWAY INC DEL 32.2%

Value $64.91M Shares 86 Share Price $754800.07 Est. Cost/Share $215186.81 Unrealized @ Report Date +246.9%

GOOG ALPHABET INC 11.3%

Value $22.72M Shares 72,390 Share Price $313.80 * Est. Cost/Share $168.88 Unrealized @ Report Date +69.5%

SYF SYNCHRONY FINANCIAL 8.9%

Value $18M Shares 215,702 Share Price $83.43 * Est. Cost/Share $38.18 Unrealized @ Report Date +99.9%

STLA STELLANTIS N.V 7.5%

Value $15.18M Shares 1,394,194 Share Price $10.89 Est. Cost/Share $11.65 Unrealized @ Report Date —

OXY OCCIDENTAL PETE CORP 6.4%

Value $12.87M Shares 313,000 Share Price $41.12 Est. Cost/Share $42.61 Unrealized @ Report Date -2.5%

AAPL APPLE INC 5.9%

Value $11.96M Shares 44,000 Share Price $271.86 Est. Cost/Share $185.12 Unrealized @ Report Date +45.0%

ALLY ALLY FINL INC 5.1%

Value $10.21M Shares 225,525 Share Price $45.29 * Est. Cost/Share $27.73 Unrealized @ Report Date +47.2%

SIRI SIRIUSXM HOLDINGS INC 4.1%

Value $8.19M Shares 409,589 Share Price $20.00 * Est. Cost/Share $23.69 Unrealized @ Report Date -9.3%

BABA ALIBABA GROUP HLDG LTD 3.0%

Value $6.142M Shares 41,900 Share Price $146.58 Est. Cost/Share $128.26 Unrealized @ Report Date —

WFC WELLS FARGO CO NEW 2.8%

Value $5.549M Shares 59,542 Share Price $93.20 * Est. Cost/Share $53.47 Unrealized @ Report Date +62.0%

GM GENERAL MTRS CO 2.1%

Value $4.229M Shares 52,000 Share Price $81.32 * Est. Cost/Share $48.81 Unrealized @ Report Date +44.2%

C CITIGROUP INC 1.9%

Value $3.815M Shares 32,695 Share Price $116.69 * Est. Cost/Share $35.76 Unrealized @ Report Date +189.8%

BAC BANK AMERICA CORP 1.4%

Value $2.75M Shares 50,000 Share Price $55.00 * Est. Cost/Share $36.84 Unrealized @ Report Date +43.0%

POOL POOL CORP 1.2%

Value $2.433M Shares 10,636 Share Price $228.75 * Est. Cost/Share $353.26 Unrealized @ Report Date -26.6%

PYPL PAYPAL HLDGS INC 1.2%

Value $2.394M Shares 41,000 Share Price $58.38 * Est. Cost/Share $63.46 Unrealized @ Report Date +2.2%

MBI MBIA INC 1.1%

Value $2.298M Shares 321,000 Share Price $7.16 Est. Cost/Share $5.99 Unrealized @ Report Date +20.6%

CASH PATHWARD FINANCIAL INC 1.0%

Value $1.945M Shares 27,389 Share Price $71.00 Est. Cost/Share $52.35 Unrealized @ Report Date +36.8%

AGO ASSURED GUARANTY LTD 0.5%

Value $988K Shares 10,990 Share Price $89.87 * Est. Cost/Share $76.83 Unrealized @ Report Date +12.2%

CYD CHINA YUCHAI INTL LTD 0.4%

Value $829K Shares 23,364 Share Price $35.50 * Est. Cost/Share $8.06 Unrealized @ Report Date +352.1%

MEOH METHANEX CORP 0.4%

Value $793K Shares 20,000 Share Price $39.66 * Est. Cost/Share $33.13 Unrealized @ Report Date +12.3%

MCO MOODYS CORP 0.4%

Value $766K Shares 1,500 Share Price $510.85 * Est. Cost/Share $393.01 Unrealized @ Report Date +24.0%

JEF JEFFERIES FINL GROUP INC 0.3%

Value $681K Shares 10,987 Share Price $61.97 * Est. Cost/Share $42.74 Unrealized @ Report Date +32.6%

MGA MAGNA INTL INC 0.3%

Value $533K Shares 10,000 Share Price $53.30 * Est. Cost/Share $38.61 Unrealized @ Report Date +26.6%

LPX LOUISIANA PAC CORP 0.2%

Value $475K Shares 5,886 Share Price $80.76 * Est. Cost/Share $83.52 Unrealized @ Report Date +1.2%

IMO IMPERIAL OIL LTD 0.2%

Value $432K Shares 5,000 Share Price $86.39 * Est. Cost/Share $58.14 Unrealized @ Report Date +56.0%

RYAAY RYANAIR HOLDINGS PLC 0.2%

Value $429K Shares 5,937 Share Price $72.19 Est. Cost/Share $61.69 Unrealized @ Report Date —

VTS VITESSE ENERGY INC 0.0%

Value $24,903 Shares 1,293 Share Price $19.26 * Est. Cost/Share $23.77 Unrealized @ Report Date -10.2%

HTZWW HERTZ GLOBAL HLDGS INC 0.0%

Value $2,680 Shares 1,000 Share Price $2.68 Est. Cost/Share $7.63 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRK/A	BERKSHIRE HATHAWAY INC DEL	86	$64.91M	32.2%	$754800.07	$215186.81	+246.9%	CL A	084670108
GOOG	ALPHABET INC	72,390	$22.72M	11.3%	$313.80 *	$168.88	+69.5%	CAP STK CL C	02079K107
SYF	SYNCHRONY FINANCIAL	215,702	$18M	8.9%	$83.43 *	$38.18	+99.9%	COM	87165B103
STLA	STELLANTIS N.V	1,394,194	$15.18M	7.5%	$10.89	$11.65	—	COM	N82405106
OXY	OCCIDENTAL PETE CORP	313,000	$12.87M	6.4%	$41.12	$42.61	-2.5%	COM	674599105
AAPL	APPLE INC	44,000	$11.96M	5.9%	$271.86	$185.12	+45.0%	COM	037833100
ALLY	ALLY FINL INC	225,525	$10.21M	5.1%	$45.29 *	$27.73	+47.2%	COM	02005N100
SIRI	SIRIUSXM HOLDINGS INC	409,589	$8.19M	4.1%	$20.00 *	$23.69	-9.3%	COMMON STOCK	829933100
BABA	ALIBABA GROUP HLDG LTD	41,900	$6.142M	3.0%	$146.58	$128.26	—	SPONSORED ADS	01609W102
WFC	WELLS FARGO CO NEW	59,542	$5.549M	2.8%	$93.20 *	$53.47	+62.0%	COM	949746101
GM	GENERAL MTRS CO	52,000	$4.229M	2.1%	$81.32 *	$48.81	+44.2%	COM	37045V100
C	CITIGROUP INC	32,695	$3.815M	1.9%	$116.69 *	$35.76	+189.8%	COM NEW	172967424
BAC	BANK AMERICA CORP	50,000	$2.75M	1.4%	$55.00 *	$36.84	+43.0%	COM	060505104
POOL	POOL CORP	10,636	$2.433M	1.2%	$228.75 *	$353.26	-26.6%	COM	73278L105
PYPL	PAYPAL HLDGS INC	41,000	$2.394M	1.2%	$58.38 *	$63.46	+2.2%	COM	70450Y103
MBI	MBIA INC	321,000	$2.298M	1.1%	$7.16	$5.99	+20.6%	COM	55262C100
CASH	PATHWARD FINANCIAL INC	27,389	$1.945M	1.0%	$71.00	$52.35	+36.8%	COM	59100U108
AGO	ASSURED GUARANTY LTD	10,990	$988K	0.5%	$89.87 *	$76.83	+12.2%	COM	G0585R106
CYD	CHINA YUCHAI INTL LTD	23,364	$829K	0.4%	$35.50 *	$8.06	+352.1%	COM	G21082105
MEOH	METHANEX CORP	20,000	$793K	0.4%	$39.66 *	$33.13	+12.3%	COM	59151K108
MCO	MOODYS CORP	1,500	$766K	0.4%	$510.85 *	$393.01	+24.0%	COM	615369105
JEF	JEFFERIES FINL GROUP INC	10,987	$681K	0.3%	$61.97 *	$42.74	+32.6%	COM	47233W109
MGA	MAGNA INTL INC	10,000	$533K	0.3%	$53.30 *	$38.61	+26.6%	COM	559222401
LPX	LOUISIANA PAC CORP	5,886	$475K	0.2%	$80.76 *	$83.52	+1.2%	COM	546347105
IMO	IMPERIAL OIL LTD	5,000	$432K	0.2%	$86.39 *	$58.14	+56.0%	COM NEW	453038408
RYAAY	RYANAIR HOLDINGS PLC	5,937	$429K	0.2%	$72.19	$61.69	—	SPONSORED ADS	783513203
VTS	VITESSE ENERGY INC	1,293	$24,903	0.0%	$19.26 *	$23.77	-10.2%	COMMON STOCK	92852X103
HTZWW	HERTZ GLOBAL HLDGS INC	1,000	$2,680	0.0%	$2.68	$7.63	—	WARRANT	42806J148