13F filing recap · Q1 2026

What did Chou Associates buy in Q1 2026?

Reported stock-position changes between this filing and the previous one.

Stock value

$207.81M

Positions

Estimated turnover

8.1%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Quarter in review

Chou Associates opened new positions in Kraft Heinz, Berkshire Hathaway, HP Inc., and Atkore Inc., while exiting Vitesse Energy entirely. The fund also added to Synchrony Financial, dramatically increased its stakes in PayPal Holdings and Jefferies Financial Group, and substantially boosted its Assured Guaranty holding.

New positions

KHCKraft Heinz Co$1.56Mreported value+69.5K shares BRK.BBerkshire Hathaway Inc$1.49Mreported value+3.1K shares HPQHP Inc.$509.1Kreported value+26.5K shares ATKRAtkore Inc.$494.8Kreported value+8.4K shares

Increased positions

SYFSynchrony Financial$15.18Mreported value+7.5K shares+3.5%PYPLPayPal Holdings, Inc.$7.57Mreported value+126.4K shares+308.3%JEFJefferies Financial Group Inc.$6.16Mreported value+138.3K shares+1258.3%AGOAssured Guaranty Ltd$1.38Mreported value+6.0K shares

Exited positions

VTSVitesse Energy, Inc.$24.9Kprior reported value-1.3K shares-100.0%