Chou Associates Management Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Chou Associates Management Inc. reported 29 stock positions worth $143.5 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 40.8% of the portfolio, followed by Alphabet Class C (GOOG, 10.9%) and Synchrony Financial (SYF, 9.8%). Compared with Q3 2024, it opened 1 new position, sold out of 2, added to 1 and reduced 3. The biggest buy was Synchrony Financial (SYF, shares +12%) and the biggest sale an exit from Occidental Petroleum (OXY).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001389403
Portfolio Value
$143.5M (Q4 2024)
SEC Filing
0001104659-25-012614 ↗ filed Feb 13, 2025

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 Q3 2024 Q4 2024: $143.5M $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 29 stocks · $143.5M
BRK.A Berkshire Hathaway Inc. Class A 40.80% 86 $58.6M Reduce -4.4%
GOOG Alphabet Inc. Class C 10.93% 82,390 $15.7M No change
SYF Synchrony Financial 9.77% 215,702 $14.0M Add +11.7%
AAPL Apple Inc. 7.68% 44,000 $11.0M No change
ALLY Ally Financial Inc. 5.66% 225,525 $8.1M No change
STLA Stellantis NV 4.15% 456,388 $6.0M No change
WFC Wells Fargo & Co. 2.91% 59,542 $4.2M No change
C Citigroup Inc. 2.83% 57,695 $4.1M No change
POOL Pool Corp. 2.53% 10,636 $3.6M No change
PYPL PayPal Holdings Inc. 2.44% 41,000 $3.5M No change
MCO Moody's Corp. 1.95% 5,899 $2.8M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.53% 50,000 $2.2M No change
MBI Mbia Inc. 1.44% 321,000 $2.1M No change
CASH Pathward Financial Inc. 1.40% 27,389 $2.0M No change
AGO Assured Guaranty Ltd. 0.69% 10,990 $989K No change
JEF Jefferies Financial Group Inc. 0.60% 10,987 $861K No change
CYD China Yuchai Intl Ltd. 0.49% 73,364 $699K No change
LPX Louisiana-Pacific Corp. 0.42% 5,886 $609K No change
MGA Magna International Inc. 0.29% 10,000 $418K No change
LEA Lear Corp. 0.26% 4,000 $379K No change
IMO Imperial Oil Ltd. 0.21% 5,000 $308K No change
BABA Alibaba Group Holding-SP ADR 0.20% 3,400 $288K No change
SIRI Sirius XM Holdings Inc. 0.20% 12,590 $287K Reduce -46.9%
RYAAY Ryanair Holdings PLC-SP ADR 0.18% 5,937 $259K No change
MEOH Methanex Corp. 0.14% 4,000 $200K No change
LBTYA Liberty Global Ltd. Class A 0.11% 12,000 $153K Reduce -90.2%
CACC Credit Acceptance Corp. 0.09% 262 $123K No change
SNREY Sunrise Communicat Class A 0.07% 2,400 $103K New
VTS Vitesse Energy Inc. 0.02% 1,293 $32K No change

Options reported separately and not counted above: ALIBABA GROUP HLDG LTD calls ($1.3M).

Other holdings (2): bonds, preferreds, convertibles and warrants · $1.9M (not counted above)
SecurityClassShares / PrincipalValueChange
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 · principal 68,000$1.9MNew
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 · principal 1,000$2KNew

Total filed on the 13F, all lines: $145.4M.

Portfolio Sells Q3 2024 → Q4 2024
OXY Occidental Petroleum Corp. Sold out 0.00% −6.65
NAVI Navient Corp. Sold out 0.00% −2.66
LBTYA Liberty Global Ltd. Class A Reduce -90.2% 0.11% −1.55
SIRI Sirius XM Holdings Inc. Reduce -46.9% 0.20% −0.16
BRK.A Berkshire Hathaway Inc. Class A Reduce -4.4% 40.80% +0.68

Portfolio Buys Q3 2024 → Q4 2024
SYF Synchrony Financial Add +11.7% 9.77% +3.55
SNREY Sunrise Communicat Class A New 0.07% +0.07

Notes & Other Activity Q3 2024 → Q4 2024
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 Sold out 68,000 $2.0Mbefore exit
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 · principal New 68,000 $1.9M
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 Sold out 192,111 $421Kbefore exit
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 · principal New 1,000 $2K

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