Chou Associates Management Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 8, 2024), Chou Associates Management Inc. reported 30 stock positions worth $155.0 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 40.1% of the portfolio, followed by Alphabet Class C (GOOG, 8.9%) and Occidental Petroleum (OXY, 6.6%). Compared with Q2 2024, it opened 2 new positions, sold out of 1 and added to 1. The biggest buy was a new position in Occidental Petroleum (OXY) and the biggest sale an exit from Liberty Media Corp.-Liber-New (LSXMK).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001389403
Portfolio Value
$155.0M (Q3 2024)
SEC Filing
0001104659-24-115940 ↗ filed Nov 8, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $85.8M Q1 2024 Q2 2024: $138.5M Q2 2024 Q3 2024: $155.0M $155.0M Q3 2024 Q4 2024: $143.5M Q4 2024 Q1 2025: $181.9M Q1 2025 Q2 2025: $182.8M Q2 2025 Q3 2025: $207.7M Q3 2025 Q4 2025: $201.5M Q4 2025 Q1 2026: $207.8M Q1 2026 Q2 2026: $216.6M Q2 2026

Holdings 30 stocks · $155.0M
BRK.A Berkshire Hathaway Inc. Class A 40.12% 90 $62.2M No change
GOOG Alphabet Inc. Class C 8.88% 82,390 $13.8M No change
OXY Occidental Petroleum Corp. 6.65% 200,000 $10.3M New
AAPL Apple Inc. 6.61% 44,000 $10.3M No change
SYF Synchrony Financial 6.22% 193,202 $9.6M No change
ALLY Ally Financial Inc. 5.18% 225,525 $8.0M No change
STLA Stellantis NV 4.14% 456,388 $6.4M No change
NAVI Navient Corp. 2.66% 264,245 $4.1M No change
POOL Pool Corp. 2.58% 10,636 $4.0M No change
C Citigroup Inc. 2.33% 57,695 $3.6M No change
WFC Wells Fargo & Co. 2.17% 59,542 $3.4M No change
PYPL PayPal Holdings Inc. 2.06% 41,000 $3.2M No change
MCO Moody's Corp. 1.81% 5,899 $2.8M No change
LBTYA Liberty Global Ltd. Class A 1.66% 121,823 $2.6M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.28% 50,000 $2.0M No change
CASH Pathward Financial Inc. 1.17% 27,389 $1.8M No change
MBI Mbia Inc. 0.74% 321,000 $1.1M No change
CYD China Yuchai Intl Ltd. 0.60% 73,364 $930K No change
AGO Assured Guaranty Ltd. 0.56% 10,990 $874K No change
JEF Jefferies Financial Group Inc. 0.44% 10,987 $676K No change
LPX Louisiana-Pacific Corp. 0.41% 5,886 $633K No change
SIRI Sirius XM Holdings Inc. 0.36% 23,686 $560K New
LEA Lear Corp. 0.28% 4,000 $437K No change
MGA Magna International Inc. 0.26% 10,000 $410K No change
BABA Alibaba Group Holding-SP ADR 0.23% 3,400 $361K No change
IMO Imperial Oil Ltd. 0.23% 5,000 $352K No change
RYAAY Ryanair Holdings PLC-SP ADR 0.17% 5,937 $268K Add +150.0%
MEOH Methanex Corp. 0.11% 4,000 $165K No change
CACC Credit Acceptance Corp. 0.07% 262 $116K No change
VTS Vitesse Energy Inc. 0.02% 1,293 $31K No change

Options reported separately and not counted above: ALIBABA GROUP HLDG LTD calls ($2.1M).

Other holdings (2): bonds, preferreds, convertibles and warrants · $2.4M (not counted above)
SecurityClassShares / PrincipalValueChange
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 68,000$2.0MNew
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 192,111$421KReduce -20.7%

Total filed on the 13F, all lines: $157.5M.

Portfolio Sells Q2 2024 → Q3 2024
LSXMK Liberty Media Corp.-Liber-New Sold out 0.00% −0.45

Portfolio Buys Q2 2024 → Q3 2024
OXY Occidental Petroleum Corp. New 6.65% +6.65
SIRI Sirius XM Holdings Inc. New 0.36% +0.36
RYAAY Ryanair Holdings PLC-SP ADR Add +150.0% 0.17% −0.03

Notes & Other Activity Q2 2024 → Q3 2024
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 New 68,000 $2.0M
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 Reduce -20.7% 192,111 $421K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 31$216.6MBRK.A, GOOG, SYF, OXY, SIRI
Q1 2026 30$207.8MBRK.A, GOOG, OXY, SYF, AAPL
Q4 2025 27$201.5MBRK.A, GOOG, SYF, STLA, OXY
Q3 2025 30$207.7MBRK.A, GOOG, SIRI, SYF, OXY
Q2 2025 30$182.8MBRK.A, SIRI, GOOG, SYF, OXY
Q1 2025 31$181.9MBRK.A, SIRI, STLA, GOOG, SYF
Q4 2024 29$143.5MBRK.A, GOOG, SYF, AAPL, ALLY
Q3 2024 30$155.0MBRK.A, GOOG, OXY, AAPL, SYF
Q2 2024 29$138.5MBRK.A, GOOG, AAPL, SYF, STLA
Q1 2024 17$85.8MBRK.A, BHC, ALLY, SYF, C