Chou Associates Management Inc.

Q4 2025 13F-HR Holdings

Location
Toronto, A6
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
28
Total value ($000)
$201,552
Net value change ($000)
-6,186 (-3.0%)
New positions
0
Sold out positions
3
Turnover %
0.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
SYF 2,670 17.4%
GOOGL 2,650 13.2%
STLA 2,161 16.6%
ALLY 1,373 15.5%
GM 1,059 33.4%
AAPL 758 6.8%
WFC 558 11.2%
BAC 170 6.6%
RYAAY 71 19.8%
MGA 59 12.4%
Top Reduces (Value $000, Stocks/ETFs)
SIRI -8,160 -49.9%
MCO -2,045 -72.7%
C -2,041 -34.9%
OXY -1,918 -13.0%
BABA -1,347 -18.0%
POOL -865 -26.2%
LEA -402 -100.0%
PYPL -355 -12.9%
SNNRF -141 -100.0%
CYD -138 -14.3%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type