Insights into Chou's Latest 13F Filings and Investment Adjustments
Francis Chou (Trades, Portfolio), renowned for his value investing approach, has once again made significant moves in the second quarter of 2024, as revealed in his latest 13F filing. Managing the Chou America Mutual Funds, Chou has built a reputation since 1986 for his meticulous investment strategy, focusing on long-term value rather than short-term market fluctuations. His journey from a telephone repairman to a respected fund manager underscores his deep understanding of market dynamics and investment acumen.
Summary of New Buys
Francis Chou (Trades, Portfolio) expanded his portfolio by adding 14 new stocks. Noteworthy among them are:
- Alphabet Inc (GOOG, Financial), with 82,390 shares, making up 10.79% of the portfolio and valued at $15.11 million.
- Apple Inc (AAPL, Financial), comprising 44,000 shares or 6.62% of the portfolio, with a total value of $9.27 million.
- Pool Corp (POOL, Financial), holding 10,636 shares, accounting for 2.33% of the portfolio, valued at $3.27 million.
Key Position Increases
Chou also strategically increased his stakes in several companies:
- Stellantis NV (STLA, Financial), with an additional 426,388 shares, bringing the total to 456,388 shares. This adjustment marks a 1,421.29% increase in share count and impacts 6.04% of the current portfolio, valued at $9.06 million.
- Berkshire Hathaway Inc (BRK.A, Financial), with an additional 10 shares, bringing the total to 90 shares. This represents a 12.5% increase in share count, with a total value of $55.10 million.
Summary of Sold Out Positions
During the second quarter of 2024, Francis Chou (Trades, Portfolio) completely exited positions in two companies:
- Bausch Health Companies Inc (BHC, Financial), selling all 715,000 shares, impacting the portfolio by -8.7%.
- BlackBerry Ltd (BB, Financial), liquidating all 312,900 shares, with a -0.98% impact on the portfolio.
Key Position Reductions
Chou made significant reductions in his holdings, including:
- Hertz Global Holdings Inc (HTZWW, Financial), reducing his stake by 499,366 shares, a 67.34% decrease, impacting the portfolio by -2.55%. The stock traded at an average price of $0 during the quarter and has returned 0.00% over the past three months and year-to-date.
Portfolio Overview
As of the second quarter of 2024, Francis Chou (Trades, Portfolio)'s portfolio included 31 stocks. The top holdings were:
- 39.35% in Berkshire Hathaway Inc (BRK.A, Financial)
- 10.79% in Alphabet Inc (GOOG, Financial)
- 6.62% in Apple Inc (AAPL, Financial)
- 6.51% in Synchrony Financial (SYF, Financial)
- 6.47% in Stellantis NV (STLA, Financial)
The portfolio is primarily concentrated in seven industries: Financial Services, Communication Services, Consumer Cyclical, Technology, Industrials, Energy, and Basic Materials.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
