Chou Associates Management Inc. Long-Term Concentrated

Location: Toronto, Ontario, Canada

CIK: 0001389403 · Show all filings

Period: Q1 2026 (← Previous) (Next →)

Filing Date: May 14, 2026

Total Value: $210M (98.8% shares, 1.2% debt)

Holdings (31)

BRK/A BERKSHIRE HATHAWAY INC DEL 29.4%

Value $61.76M Shares 86 Share Price $718140.29 * Est. Cost/Share $215186.81 Unrealized @ Report Date +244.1%

GOOG ALPHABET INC 9.9%

Value $20.77M Shares 72,390 Share Price $286.86 * Est. Cost/Share $168.88 Unrealized @ Report Date +91.7%

OXY OCCIDENTAL PETE CORP 9.7%

Value $20.35M Shares 313,000 Share Price $65.00 * Est. Cost/Share $42.61 Unrealized @ Report Date +6.6%

SYF SYNCHRONY FINANCIAL 7.2%

Value $15.18M Shares 223,202 Share Price $68.02 * Est. Cost/Share $39.46 Unrealized @ Report Date +93.3%

AAPL APPLE INC 5.3%

Value $11.17M Shares 44,000 Share Price $253.79 * Est. Cost/Share $185.12 Unrealized @ Report Date +42.0%

STLA STELLANTIS N.V 4.7%

Value $9.885M Shares 1,394,194 Share Price $7.09 Est. Cost/Share $11.65 Unrealized @ Report Date —

SIRI SIRIUSXM HOLDINGS INC 4.5%

Value $9.453M Shares 409,589 Share Price $23.08 * Est. Cost/Share $23.69 Unrealized @ Report Date -11.6%

ALLY ALLY FINL INC 4.2%

Value $8.847M Shares 225,525 Share Price $39.23 * Est. Cost/Share $27.73 Unrealized @ Report Date +54.1%

PYPL PAYPAL HLDGS INC 3.6%

Value $7.572M Shares 167,400 Share Price $45.23 * Est. Cost/Share $53.35 Unrealized @ Report Date -6.1%

JEF JEFFERIES FINL GROUP INC 2.9%

Value $6.159M Shares 149,237 Share Price $41.27 * Est. Cost/Share $57.63 Unrealized @ Report Date +2.1%

BABA ALIBABA GROUP HLDG LTD 2.5%

Value $5.257M Shares 41,900 Share Price $125.46 Est. Cost/Share $128.26 Unrealized @ Report Date —

WFC WELLS FARGO CO NEW 2.3%

Value $4.74M Shares 59,542 Share Price $79.61 * Est. Cost/Share $53.47 Unrealized @ Report Date +68.4%

GM GENERAL MTRS CO 1.8%

Value $3.874M Shares 52,000 Share Price $74.50 * Est. Cost/Share $48.81 Unrealized @ Report Date +68.5%

C CITIGROUP INC 1.8%

Value $3.708M Shares 32,695 Share Price $113.41 * Est. Cost/Share $35.76 Unrealized @ Report Date +224.9%

— BRAEMAR HOTELS & RESORTS INC 1.2%

Value $2.455M Shares 2,500,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

CASH PATHWARD FINANCIAL INC 1.2%

Value $2.444M Shares 27,389 Share Price $89.23 * Est. Cost/Share $52.35 Unrealized @ Report Date +62.7%

BAC BANK AMERICA CORP 1.2%

Value $2.438M Shares 50,000 Share Price $48.75 * Est. Cost/Share $36.84 Unrealized @ Report Date +45.7%

POOL POOL CORP 1.0%

Value $2.152M Shares 10,636 Share Price $202.33 * Est. Cost/Share $353.26 Unrealized @ Report Date -28.7%

MBI MBIA INC 0.9%

Value $1.897M Shares 321,000 Share Price $5.91 * Est. Cost/Share $5.99 Unrealized @ Report Date +9.2%

KHC KRAFT HEINZ CO 0.7%

Value $1.563M Shares 69,500 Share Price $22.49 * Est. Cost/Share $23.92 Unrealized @ Report Date 0.0%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.7%

Value $1.486M Shares 3,100 Share Price $479.20 * Est. Cost/Share $493.47 Unrealized @ Report Date 0.0%

AGO ASSURED GUARANTY LTD 0.7%

Value $1.384M Shares 16,990 Share Price $81.48 * Est. Cost/Share $80.23 Unrealized @ Report Date +7.8%

MEOH METHANEX CORP 0.6%

Value $1.192M Shares 20,000 Share Price $59.59 * Est. Cost/Share $33.13 Unrealized @ Report Date +43.3%

CYD CHINA YUCHAI INTL LTD 0.4%

Value $900K Shares 23,364 Share Price $38.50 * Est. Cost/Share $8.06 Unrealized @ Report Date +477.3%

IMO IMPERIAL OIL LTD 0.3%

Value $655K Shares 5,000 Share Price $130.98 * Est. Cost/Share $58.14 Unrealized @ Report Date +80.5%

MCO MOODYS CORP 0.3%

Value $654K Shares 1,500 Share Price $436.25 * Est. Cost/Share $393.01 Unrealized @ Report Date +24.6%

MGA MAGNA INTL INC 0.3%

Value $558K Shares 10,000 Share Price $55.81 * Est. Cost/Share $38.61 Unrealized @ Report Date +48.3%

HPQ HP INC 0.2%

Value $509K Shares 26,500 Share Price $19.21 * Est. Cost/Share $19.77 Unrealized @ Report Date 0.0%

ATKR ATKORE INC 0.2%

Value $495K Shares 8,400 Share Price $58.91 * Est. Cost/Share $68.08 Unrealized @ Report Date 0.0%

LPX LOUISIANA PAC CORP 0.2%

Value $428K Shares 5,886 Share Price $72.75 * Est. Cost/Share $83.52 Unrealized @ Report Date +6.7%

RYAAY RYANAIR HOLDINGS PLC 0.2%

Value $343K Shares 5,937 Share Price $57.80 Est. Cost/Share $61.69 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BRK/A	BERKSHIRE HATHAWAY INC DEL	86	$61.76M	29.4%	$718140.29 *	$215186.81	+244.1%	CL A	084670108
GOOG	ALPHABET INC	72,390	$20.77M	9.9%	$286.86 *	$168.88	+91.7%	CAP STK CL C	02079K107
OXY	OCCIDENTAL PETE CORP	313,000	$20.35M	9.7%	$65.00 *	$42.61	+6.6%	COM	674599105
SYF	SYNCHRONY FINANCIAL	223,202	$15.18M	7.2%	$68.02 *	$39.46	+93.3%	COM	87165B103
AAPL	APPLE INC	44,000	$11.17M	5.3%	$253.79 *	$185.12	+42.0%	COM	037833100
STLA	STELLANTIS N.V	1,394,194	$9.885M	4.7%	$7.09	$11.65	—	COM	N82405106
SIRI	SIRIUSXM HOLDINGS INC	409,589	$9.453M	4.5%	$23.08 *	$23.69	-11.6%	COMMON STOCK	829933100
ALLY	ALLY FINL INC	225,525	$8.847M	4.2%	$39.23 *	$27.73	+54.1%	COM	02005N100
PYPL	PAYPAL HLDGS INC	167,400	$7.572M	3.6%	$45.23 *	$53.35	-6.1%	COM	70450Y103
JEF	JEFFERIES FINL GROUP INC	149,237	$6.159M	2.9%	$41.27 *	$57.63	+2.1%	COM	47233W109
BABA	ALIBABA GROUP HLDG LTD	41,900	$5.257M	2.5%	$125.46	$128.26	—	SPONSORED ADS	01609W102
WFC	WELLS FARGO CO NEW	59,542	$4.74M	2.3%	$79.61 *	$53.47	+68.4%	COM	949746101
GM	GENERAL MTRS CO	52,000	$3.874M	1.8%	$74.50 *	$48.81	+68.5%	COM	37045V100
C	CITIGROUP INC	32,695	$3.708M	1.8%	$113.41 *	$35.76	+224.9%	COM NEW	172967424
—	BRAEMAR HOTELS & RESORTS INC	2,500,000	$2.455M	1.2%	$0.98	$0.98	—	NOTE 4.500% 6/0	10482BAB7
CASH	PATHWARD FINANCIAL INC	27,389	$2.444M	1.2%	$89.23 *	$52.35	+62.7%	COM	59100U108
BAC	BANK AMERICA CORP	50,000	$2.438M	1.2%	$48.75 *	$36.84	+45.7%	COM	060505104
POOL	POOL CORP	10,636	$2.152M	1.0%	$202.33 *	$353.26	-28.7%	COM	73278L105
MBI	MBIA INC	321,000	$1.897M	0.9%	$5.91 *	$5.99	+9.2%	COM	55262C100
KHC	KRAFT HEINZ CO	69,500	$1.563M	0.7%	$22.49 *	$23.92	0.0%	COM	500754106
BRK/B	BERKSHIRE HATHAWAY INC DEL	3,100	$1.486M	0.7%	$479.20 *	$493.47	0.0%	CL B NEW	084670702
AGO	ASSURED GUARANTY LTD	16,990	$1.384M	0.7%	$81.48 *	$80.23	+7.8%	COM	G0585R106
MEOH	METHANEX CORP	20,000	$1.192M	0.6%	$59.59 *	$33.13	+43.3%	COM	59151K108
CYD	CHINA YUCHAI INTL LTD	23,364	$900K	0.4%	$38.50 *	$8.06	+477.3%	COM	G21082105
IMO	IMPERIAL OIL LTD	5,000	$655K	0.3%	$130.98 *	$58.14	+80.5%	COM NEW	453038408
MCO	MOODYS CORP	1,500	$654K	0.3%	$436.25 *	$393.01	+24.6%	COM	615369105
MGA	MAGNA INTL INC	10,000	$558K	0.3%	$55.81 *	$38.61	+48.3%	COM	559222401
HPQ	HP INC	26,500	$509K	0.2%	$19.21 *	$19.77	0.0%	COM	40434L105
ATKR	ATKORE INC	8,400	$495K	0.2%	$58.91 *	$68.08	0.0%	COM	047649108
LPX	LOUISIANA PAC CORP	5,886	$428K	0.2%	$72.75 *	$83.52	+6.7%	COM	546347105
RYAAY	RYANAIR HOLDINGS PLC	5,937	$343K	0.2%	$57.80	$61.69	—	SPONSORED ADS	783513203