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Portfolio (Quarterly) Guide ↗

Chou Associates Management Inc.

· CIK 0001389403
13F Portfolio $210M AUM 31 positions Filed May 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 5 New 4 Added 2 Exited
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 BRAEMAR HOTELS & RESORTS INC 2,500,000.0 $2.5M 1.17% NEW $0.98
2 KHC KRAFT HEINZ CO Consumer Defensive 69,500.0 $1.6M 0.74% NEW $22.49 +6.3%
3 BERKSHIRE HATHAWAY INC DEL 3,100.0 $1.5M 0.71% NEW $479.20
4 HPQ HP INC Technology 26,500.0 $509K 0.24% NEW $19.21 +26.2%
5 ATKR ATKORE INC Industrials 8,400.0 $495K 0.23% NEW $58.91 +46.8%

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 37.1%
Communication Services 21.3%
Energy 14.8%
Consumer Cyclical 13.8%
Technology 8.2%
Industrials 2.5%
Consumer Defensive 1.1%
Basic Materials 1.1%