Chou Associates Management Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Chou Associates Management Inc. reported 31 stock positions worth $181.9 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 37.8% of the portfolio, followed by Sirius XM (SIRI, 8.7%) and Stellantis (STLA, 8.6%). Compared with Q4 2024, it opened 2 new positions and added to 3. The biggest buy was Sirius XM (SIRI, shares +5480%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001389403
Portfolio Value
$181.9M (Q1 2025)
SEC Filing
0001104659-25-049383 ↗ filed May 15, 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 Q4 2024 Q1 2025: $181.9M $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 31 stocks · $181.9M
BRK.A Berkshire Hathaway Inc. Class A 37.76% 86 $68.7M No change
SIRI Sirius XM Holdings Inc. 8.71% 702,462 $15.8M Add +5479.5%
STLA Stellantis NV 8.61% 1,396,388 $15.7M Add +206.0%
GOOG Alphabet Inc. Class C 7.08% 82,390 $12.9M No change
SYF Synchrony Financial 6.28% 215,702 $11.4M No change
AAPL Apple Inc. 5.37% 44,000 $9.8M No change
ALLY Ally Financial Inc. 4.52% 225,525 $8.2M No change
BABA Alibaba Group Holding-SP ADR 3.05% 41,900 $5.5M Add +1132.3%
WFC Wells Fargo & Co. 2.35% 59,542 $4.3M No change
C Citigroup Inc. 2.25% 57,695 $4.1M No change
POOL Pool Corp. 1.86% 10,636 $3.4M No change
OXY Occidental Petroleum Corp. 1.85% 68,000 $3.4M New
MCO Moody's Corp. 1.51% 5,899 $2.7M No change
PYPL PayPal Holdings Inc. 1.47% 41,000 $2.7M No change
GM General Motors Co. 1.34% 52,000 $2.4M New
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.15% 50,000 $2.1M No change
CASH Pathward Financial Inc. 1.10% 27,389 $2.0M No change
MBI Mbia Inc. 0.88% 321,000 $1.6M No change
CYD China Yuchai Intl Ltd. 0.69% 73,364 $1.2M No change
AGO Assured Guaranty Ltd. 0.53% 10,990 $968K No change
JEF Jefferies Financial Group Inc. 0.32% 10,987 $589K No change
LPX Louisiana-Pacific Corp. 0.30% 5,886 $541K No change
IMO Imperial Oil Ltd. 0.20% 5,000 $361K No change
LEA Lear Corp. 0.19% 4,000 $353K No change
MGA Magna International Inc. 0.19% 10,000 $340K No change
RYAAY Ryanair Holdings PLC-SP ADR 0.14% 5,937 $252K No change
MEOH Methanex Corp. 0.08% 4,000 $140K No change
LBTYA Liberty Global Ltd. Class A 0.08% 12,000 $138K No change
CACC Credit Acceptance Corp. 0.07% 262 $135K No change
SNREY Sunrise Communicat Class A 0.06% 2,400 $116K No change
VTS Vitesse Energy Inc. 0.02% 1,293 $32K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $3.1M (not counted above)
SecurityClassShares / PrincipalValueChange
GROUPON INC (GRPN 6.25 03/15/27 *) NOTE 6.250% 3/1 · principal 3,000,000$3.1MNew
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 · principal 1,000$2KNo change

Total filed on the 13F, all lines: $185.0M.

Portfolio Sells Q4 2024 → Q1 2025
None this quarter.

Portfolio Buys Q4 2024 → Q1 2025
SIRI Sirius XM Holdings Inc. Add +5479.5% 8.71% +8.51
STLA Stellantis NV Add +206.0% 8.61% +4.46
BABA Alibaba Group Holding-SP ADR Add +1132.3% 3.05% +2.85
OXY Occidental Petroleum Corp. New 1.85% +1.85
GM General Motors Co. New 1.34% +1.34

Options Activity Q4 2024 → Q1 2025
ALIBABA GROUP HLDG LTD call Sold out 38,500 $1.3Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2024 → Q1 2025
GROUPON INC (GRPN 6.25 03/15/27 *) NOTE 6.250% 3/1 · principal New 3,000,000 $3.1M
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 · principal Sold out 68,000 $1.9Mbefore exit

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