Chou Associates Management Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Chou Associates Management Inc. reported 30 stock positions worth $182.8 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 34.3% of the portfolio, followed by Sirius XM (SIRI, 8.8%) and Alphabet Class C (GOOG, 8.0%). Compared with Q1 2025, it sold out of 1, added to 2 and reduced 2. The biggest buy was Occidental Petroleum (OXY, shares +360%) and the biggest sale Stellantis (STLA, shares −50%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001389403
Portfolio Value
$182.8M (Q2 2025)
SEC Filing
0001104659-25-077432 ↗ filed Aug 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 Q4 2024 Q1 2025: $181.9M Q1 2025 Q2 2025: $182.8M $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 · $182.8M
BRK.A Berkshire Hathaway Inc. Class A 34.28% 86 $62.7M No change
SIRI Sirius XM Holdings Inc. 8.82% 702,462 $16.1M No change
GOOG Alphabet Inc. Class C 7.99% 82,390 $14.6M No change
SYF Synchrony Financial 7.87% 215,702 $14.4M No change
OXY Occidental Petroleum Corp. 7.19% 313,000 $13.1M Add +360.3%
AAPL Apple Inc. 4.94% 44,000 $9.0M No change
ALLY Ally Financial Inc. 4.80% 225,525 $8.8M No change
STLA Stellantis NV 3.80% 692,000 $6.9M Reduce -50.4%
C Citigroup Inc. 2.69% 57,695 $4.9M No change
WFC Wells Fargo & Co. 2.61% 59,542 $4.8M No change
BABA Alibaba Group Holding-SP ADR 2.60% 41,900 $4.8M No change
POOL Pool Corp. 1.70% 10,636 $3.1M No change
PYPL PayPal Holdings Inc. 1.67% 41,000 $3.0M No change
MCO Moody's Corp. 1.62% 5,899 $3.0M No change
GM General Motors Co. 1.40% 52,000 $2.6M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.29% 50,000 $2.4M No change
CASH Pathward Financial Inc. 1.19% 27,389 $2.2M No change
MBI Mbia Inc. 0.76% 321,000 $1.4M No change
AGO Assured Guaranty Ltd. 0.52% 10,990 $957K No change
MEOH Methanex Corp. 0.36% 20,000 $662K Add +400.0%
JEF Jefferies Financial Group Inc. 0.33% 10,987 $601K No change
CYD China Yuchai Intl Ltd. 0.31% 23,364 $559K Reduce -68.2%
LPX Louisiana-Pacific Corp. 0.28% 5,886 $506K No change
IMO Imperial Oil Ltd. 0.22% 5,000 $397K No change
MGA Magna International Inc. 0.21% 10,000 $386K No change
LEA Lear Corp. 0.21% 4,000 $380K No change
RYAAY Ryanair Holdings PLC-SP ADR 0.19% 5,937 $342K No change
SNREY Sunrise Communicat Class A 0.07% 2,400 $136K No change
CACC Credit Acceptance Corp. 0.07% 262 $133K No change
VTS Vitesse Energy Inc. 0.02% 1,293 $29K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $4K (not counted above)
SecurityClassShares / PrincipalValueChange
HTZWW Hertz Global Hldgs Inc. -CW51 *W EXP 06/30/205 · principal 1,000$4KNo change

Total filed on the 13F, all lines: $182.8M.

Portfolio Sells Q1 2025 → Q2 2025
STLA Stellantis NV Reduce -50.4% 3.80% −4.81
CYD China Yuchai Intl Ltd. Reduce -68.2% 0.31% −0.38
LBTYA Liberty Global Ltd. Class A Sold out 0.00% −0.08

Portfolio Buys Q1 2025 → Q2 2025
OXY Occidental Petroleum Corp. Add +360.3% 7.19% +5.35
MEOH Methanex Corp. Add +400.0% 0.36% +0.29

Notes & Other Activity Q1 2025 → Q2 2025
GROUPON INC (GRPN 6.25 03/15/27 *) NOTE 6.250% 3/1 · principal Sold out 3,000,000 $3.1Mbefore 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