Francis Chou - Chou Associates Management Portfolio
| Period Date | Mar 31, 2025 | |
| Filing Date | May 15, 2025 | |
| Total Stocks | 33 | |
| Portfolio Value | $184.98M |
Chou Associates Management Strategy Analysis
Investment Strategy Metrics
Key metrics revealing investment style, risk management, and performance characteristics
| Metric | Value | Category | Description |
|---|---|---|---|
| Holding Period | 1.5 years | Style | Average duration positions are maintained |
| Position Count | 23 | Style | Number of active positions in portfolio |
| Position Size | 8.0% | Risk | Typical allocation per position |
| Win Rate | 57.8% | Performance | Percentage of profitable positions |
| Average Return | 8.2% | Performance | Mean return across positions |
| Sharpe Ratio | 0.27 | Performance | Return per unit of risk taken |
Investment Case Study: BERKSHIRE HATHAWAY INC DEL (BRK-A)
6/30/2013 - 7/7/2025
Performance Metrics
Total Return: 92,087.47%
Holding Period: 4390 days
Max Position Size: $58,559,098.00
Position Weight: 30.06%
Key Events
6/30/2013: ENTRY(300.00 shares) @ $168.60
3/31/2016: DECREASE(-150.00 shares) @ $213.73
6/30/2020: DECREASE(-50.00 shares) @ $257.86
3/31/2021: INCREASE(50.00 shares) @ $272.00
6/30/2021: DECREASE(-50.00 shares) @ $418.60
12/31/2022: DECREASE(-20.00 shares) @ $468,710.73
6/30/2024: INCREASE(10.00 shares) @ $612,240.73
12/31/2024: DECREASE(-4.00 shares) @ $680,919.74
Investment Thesis
Entry Context: Initial position established based on fundamental analysis
Sector Conditions: Favorable market conditions in the sector
Risk Factors:
- Market volatility
- Sector-specific risks
Key Learnings
- Position sizing is critical for portfolio management
- Important to monitor sector exposure