Francis Chou's Q3 2024 Portfolio Overview

Francis Chou, the renowned investor behind Chou Associates Management Inc., has unveiled his Q3 2024 portfolio, valued at an impressive $151 million and comprising 33 stocks. This portfolio showcases a strategic blend of established giants and promising opportunities, reflecting Chou's keen eye for value and growth.

Portfolio Growth and Strategic Insights

A closer examination of the 13F form reveals a notable increase in the portfolio's value, rising by $15.7 million from the previous quarter's $136 million. This growth underscores Chou's adeptness at navigating the complexities of the market, capitalizing on opportunities that align with his investment philosophy. The increase in position value suggests a combination of strategic acquisitions and the appreciation of existing holdings, highlighting Chou's ability to adapt to evolving market conditions.

Chou's portfolio is a testament to his investment philosophy, which often emphasizes value investing and a long-term perspective. By distributing his investments across a diverse range of stocks, Chou mitigates risk while positioning himself to benefit from various sectors' growth. This approach not only reflects a deep understanding of market dynamics but also a commitment to maintaining a balanced and resilient portfolio.

In summary, Francis Chou's Q3 2024 portfolio demonstrates a strategic blend of growth and stability, with a significant increase in value that highlights his skillful management and insightful market positioning. As the financial landscape continues to evolve, Chou's portfolio serves as a compelling example of effective investment strategy in action.

Top Holdings

• Berkshire Hathaway Inc. - 41.07% of portfolio. Berkshire Hathaway, led by Warren Buffett, is a multinational conglomerate known for its diversified investments, including insurance, railroads, and utilities.
• Alphabet Inc. - 9.1% of portfolio. Alphabet, the parent company of Google, specializes in technology products and services, including search engines, advertising, and cloud computing.
• Occidental Petroleum Corporation - 6.81% of portfolio. Occidental Petroleum is a major oil and gas exploration company, focusing on sustainable energy solutions and carbon management.
• Apple Inc. - 6.77% of portfolio. Apple is a global technology leader best known for its innovative products, including the iPhone, Mac, and software ecosystems.
• Synchrony Financial - 6.37% of portfolio. Synchrony Financial is a leading consumer financial services company providing credit and financing solutions across various industries.

Top Buys

• Occidental Petroleum Corporation - New holding. Occidental Petroleum is a major energy company focusing on oil and gas exploration with a growing emphasis on carbon capture and sustainable energy solutions.
• Occidental Petroleum Warrants - New holding. Occidental Petroleum Warrants offer investors an opportunity to purchase Occidental shares at a set price in the future, providing potential leverage on future performance.
• Ryanair Holdings plc - Increased by 149.98%. Ryanair, Europe’s largest low-cost airline, is known for its extensive network and commitment to offering affordable flights across the continent.

Top Sells

• Hertz Global Holdings Warrants - Reduced by 20.69%. Hertz Global Holdings Warrants offer investors the right to purchase Hertz shares at a set price, giving exposure to the company's performance in the car rental and leasing market.