Chou Associates Management Inc.: JEFFERIES FINANCIAL GROUP IN (JEF): Quarterly 13F Position History
As of Q1 2026, Chou Associates Management Inc. reported 149,237 shares of JEFFERIES FINANCIAL GROUP IN (JEF), worth $6.2M and representing 2.9% of its 13F equity book. Quarter-over-quarter share count change: + 138,250 (+1258.3%) . The position first appeared in Q2 2024 and has been disclosed across 8 13F-HR filings in Pactolio's tracked window.
- 149,237Shares Held (Latest Filing)
- $6.2MReported Market Value (Latest Filing)
- 2.9%Portfolio Weight (% of 13F Equity Book)
- +138,250Quarter-over-Quarter Share Change
- +$5.5MQuarter-over-Quarter Value Change
- 149,237Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 8 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 149,237 | +138,250 | +1258.3% | $6.2M | 2.9% | $41.3 |
| Q4 2025 | 10,987 | 0 | — | $680.9K | 0.3% | $62.0 |
| Q3 2025 | 10,987 | 0 | — | $718.8K | 0.3% | $65.4 |
| Q2 2025 | 10,987 | 0 | — | $600.9K | 0.3% | $54.7 |
| Q1 2025 | 10,987 | 0 | — | $588.6K | 0.3% | $53.6 |
| Q4 2024 | 10,987 | 0 | — | $861.4K | 0.6% | $78.4 |
| Q3 2024 | 10,987 | 0 | — | $676.3K | 0.4% | $61.5 |
| Q2 2024 | 10,987 | — | — | $546.7K | 0.4% | $49.8 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Chou Associates Management Inc. first disclose a JEF position in 13F-HR filings?
Chou Associates Management Inc. first reported JEFFERIES FINANCIAL GROUP IN (JEF) on its 13F-HR filing for the period ending 2024-06-30 (Q2 2024). The position has appeared on 8 reported quarters within Pactolio's tracked window.
What was Chou Associates Management Inc.'s most recent quarter-over-quarter share-count change in JEF?
Between Q4 2025 and Q1 2026, Chou Associates Management Inc. added 138,250 shares of JEF (+1258.3%), bringing the total reported position to 149,237 shares at a market value of $6.2M.
Does the implied price-per-share represent Chou Associates Management Inc.'s cost basis in JEF?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.