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Chou Associates Management Inc.

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13F filer, CIK 1389403, TORONTO, Ontario, Canada

Chou Associates Management Inc. reported $210,266,544 across 31 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-14. Its ten largest share positions make up 81.39% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001104659-26-060931

Period
2026-03-31
Reported value
$210M
Holdings
31
Top 10 weight
81.39%
New
5
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
PYPLadded+126,400$5.72M
JEFadded+138,250$5.71M
KHCnew+69,500$1.56M
BRK-Bnew+3,100$1.49M
SYFadded+7,500$510K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
VTSexited-1,293-$24.9K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2026

Share positions as resolved from 13F-HR 0001104659-26-060931, largest first. % of portfolio is the value over $210,266,544, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BRK-ABERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 90 shares; 2024Q4: 86 shares; 2025Q1: 86 shares; 2025Q2: 86 shares; 2025Q3: 86 shares; 2025Q4: 86 shares; 2026Q1: 86 shares 86$61.8M29.37%0Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 82,390 shares; 2024Q4: 82,390 shares; 2025Q1: 82,390 shares; 2025Q2: 82,390 shares; 2025Q3: 82,390 shares; 2025Q4: 72,390 shares; 2026Q1: 72,390 shares 72,390$20.8M9.88%0Timeline
OXYOCCIDENTAL PETE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 200,000 shares; 2024Q4: not reported; 2025Q1: 68,000 shares; 2025Q2: 313,000 shares; 2025Q3: 313,000 shares; 2025Q4: 313,000 shares; 2026Q1: 313,000 shares 313,000$20.3M9.68%0Timeline
SYFSYNCHRONY FINANCIALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 193,202 shares; 2024Q4: 215,702 shares; 2025Q1: 215,702 shares; 2025Q2: 215,702 shares; 2025Q3: 215,702 shares; 2025Q4: 215,702 shares; 2026Q1: 223,202 shares 223,202$15.2M7.22%+7,500Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 44,000 shares; 2024Q4: 44,000 shares; 2025Q1: 44,000 shares; 2025Q2: 44,000 shares; 2025Q3: 44,000 shares; 2025Q4: 44,000 shares; 2026Q1: 44,000 shares 44,000$11.2M5.31%0Timeline
STLASTELLANTIS N.VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 456,388 shares; 2024Q4: 456,388 shares; 2025Q1: 1,396,388 shares; 2025Q2: 692,000 shares; 2025Q3: 1,394,194 shares; 2025Q4: 1,394,194 shares; 2026Q1: 1,394,194 shares 1,394,194$9.88M4.7%0Timeline
SIRISIRIUSXM HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 23,686 shares; 2024Q4: 12,590 shares; 2025Q1: 702,462 shares; 2025Q2: 702,462 shares; 2025Q3: 702,462 shares; 2025Q4: 409,589 shares; 2026Q1: 409,589 shares 409,589$9.45M4.5%0Timeline
ALLYALLY FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 225,525 shares; 2024Q4: 225,525 shares; 2025Q1: 225,525 shares; 2025Q2: 225,525 shares; 2025Q3: 225,525 shares; 2025Q4: 225,525 shares; 2026Q1: 225,525 shares 225,525$8.85M4.21%0Timeline
PYPLPAYPAL HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 41,000 shares; 2024Q4: 41,000 shares; 2025Q1: 41,000 shares; 2025Q2: 41,000 shares; 2025Q3: 41,000 shares; 2025Q4: 41,000 shares; 2026Q1: 167,400 shares 167,400$7.57M3.6%+126,400Timeline
JEFJEFFERIES FINANCIAL GROUP INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 10,987 shares; 2024Q4: 10,987 shares; 2025Q1: 10,987 shares; 2025Q2: 10,987 shares; 2025Q3: 10,987 shares; 2025Q4: 10,987 shares; 2026Q1: 149,237 shares 149,237$6.16M2.93%+138,250Timeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,400 shares; 2024Q4: 3,400 shares; 2025Q1: 41,900 shares; 2025Q2: 41,900 shares; 2025Q3: 41,900 shares; 2025Q4: 41,900 shares; 2026Q1: 41,900 shares 41,900$5.26M2.5%0Timeline
WFCWELLS FARGO & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 59,542 shares; 2024Q4: 59,542 shares; 2025Q1: 59,542 shares; 2025Q2: 59,542 shares; 2025Q3: 59,542 shares; 2025Q4: 59,542 shares; 2026Q1: 59,542 shares 59,542$4.74M2.25%0Timeline
GMGENERAL MTRS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 52,000 shares; 2025Q2: 52,000 shares; 2025Q3: 52,000 shares; 2025Q4: 52,000 shares; 2026Q1: 52,000 shares 52,000$3.87M1.84%0Timeline
CCITIGROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 57,695 shares; 2024Q4: 57,695 shares; 2025Q1: 57,695 shares; 2025Q2: 57,695 shares; 2025Q3: 57,695 shares; 2025Q4: 32,695 shares; 2026Q1: 32,695 shares 32,695$3.71M1.76%0Timeline
CASHPATHWARD FINANCIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 27,389 shares; 2024Q4: 27,389 shares; 2025Q1: 27,389 shares; 2025Q2: 27,389 shares; 2025Q3: 27,389 shares; 2025Q4: 27,389 shares; 2026Q1: 27,389 shares 27,389$2.44M1.16%0Timeline
BACBANK OF AMER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 50,000 shares; 2024Q4: 50,000 shares; 2025Q1: 50,000 shares; 2025Q2: 50,000 shares; 2025Q3: 50,000 shares; 2025Q4: 50,000 shares; 2026Q1: 50,000 shares 50,000$2.44M1.16%0Timeline
POOLPOOL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 10,636 shares; 2024Q4: 10,636 shares; 2025Q1: 10,636 shares; 2025Q2: 10,636 shares; 2025Q3: 10,636 shares; 2025Q4: 10,636 shares; 2026Q1: 10,636 shares 10,636$2.15M1.02%0Timeline
MBIMBIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 321,000 shares; 2024Q4: 321,000 shares; 2025Q1: 321,000 shares; 2025Q2: 321,000 shares; 2025Q3: 321,000 shares; 2025Q4: 321,000 shares; 2026Q1: 321,000 shares 321,000$1.9M0.9%0Timeline
KHCKRAFT HEINZ COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 69,500 shares 69,500$1.56M0.74%newTimeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 3,100 shares 3,100$1.49M0.71%newTimeline
AGOASSURED GUARANTY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 10,990 shares; 2024Q4: 10,990 shares; 2025Q1: 10,990 shares; 2025Q2: 10,990 shares; 2025Q3: 10,990 shares; 2025Q4: 10,990 shares; 2026Q1: 16,990 shares 16,990$1.38M0.66%+6,000Timeline
MEOHMETHANEX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 4,000 shares; 2024Q4: 4,000 shares; 2025Q1: 4,000 shares; 2025Q2: 20,000 shares; 2025Q3: 20,000 shares; 2025Q4: 20,000 shares; 2026Q1: 20,000 shares 20,000$1.19M0.57%0Timeline
CYDCHINA YUCHAI INTL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 73,364 shares; 2024Q4: 73,364 shares; 2025Q1: 73,364 shares; 2025Q2: 23,364 shares; 2025Q3: 23,364 shares; 2025Q4: 23,364 shares; 2026Q1: 23,364 shares 23,364$900K0.43%0Timeline
IMOIMPERIAL OIL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 5,000 shares; 2024Q4: 5,000 shares; 2025Q1: 5,000 shares; 2025Q2: 5,000 shares; 2025Q3: 5,000 shares; 2025Q4: 5,000 shares; 2026Q1: 5,000 shares 5,000$655K0.31%0Timeline
MCOMOODYS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 5,899 shares; 2024Q4: 5,899 shares; 2025Q1: 5,899 shares; 2025Q2: 5,899 shares; 2025Q3: 5,899 shares; 2025Q4: 1,500 shares; 2026Q1: 1,500 shares 1,500$654K0.31%0Timeline
MGAMAGNA INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 10,000 shares; 2024Q4: 10,000 shares; 2025Q1: 10,000 shares; 2025Q2: 10,000 shares; 2025Q3: 10,000 shares; 2025Q4: 10,000 shares; 2026Q1: 10,000 shares 10,000$558K0.27%0Timeline
HPQHP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 26,500 shares 26,500$509K0.24%newTimeline
ATKRATKORE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 8,400 shares 8,400$495K0.24%newTimeline
LPXLOUISIANA PAC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 5,886 shares; 2024Q4: 5,886 shares; 2025Q1: 5,886 shares; 2025Q2: 5,886 shares; 2025Q3: 5,886 shares; 2025Q4: 5,886 shares; 2026Q1: 5,886 shares 5,886$428K0.2%0Timeline
RYAAYRYANAIR HOLDINGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 5,937 shares; 2024Q4: 5,937 shares; 2025Q1: 5,937 shares; 2025Q2: 5,937 shares; 2025Q3: 5,937 shares; 2025Q4: 5,937 shares; 2026Q1: 5,937 shares 5,937$343K0.16%0Timeline

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
BRAEMAR HOTELS & RESORTS INCBRAEMAR HOTELS & RESORTS INC NOTE 4.500% 6/0principal2,500,000$2.45Mnew

Sold out in Q1 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
VTSVITESSE ENERGY INC1,293$24.9Kshares
HTZWWHERTZ GLOBAL HLDGS INC1,000$2.68Kprincipal

How Q1 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001104659-26-060931 base2026-05-14acceptance time not in the bulk data set