5 Stocks to Buy According to Francis Chou’s Chou Associates Management

4. MBIA Inc. (NYSE:MBI)

Chou Associates Management’s Stake Value: $9,227,000
Percentage of Chou Associates Management’s Portfolio: 4.9%
Number of Hedge Fund Holders: 18

MBIA Inc. (NYSE:MBI) offers financial guarantee insurance services to public finance markets. The hedge fund chaired by Chou held 599,530 shares in MBIA Inc. (NYSE:MBI), worth over $9.23 million in Q1 2022. It is the fourth largest holding of Chou Associates Management.

Kahn Brothers is the leading shareholder of MBIA Inc. (NYSE:MBI), with 4.83 million shares worth over $74.32 million. Next on the list is Hosking Partners, which owned 2.51 million shares of MBIA Inc. (NYSE:MBI), worth over $38.60 million.

MBIA Inc. (NYSE:MBI) experienced an increase in hedge fund interest recently. MBIA Inc. (NYSE:MBI) was in 18 hedge fund portfolios at the end of the first quarter of 2022. There were 17 hedge funds in our database with MBIA Inc. (NYSE:MBI) holdings at the end of the previous quarter.

In its Q4 2021 investor letter, Horos Asset Management mentioned MBIA Inc. (NYSE:MBI). Here is what Horos Asset Management has to say about MBIA Inc. (NYSE:MBI) in its Q4 2021 investor letter:

“We completely sold our stake in MBIA after its good performance during the period. Although we still see upside and we believe that an eventual corporate transaction will come (the management team itself wants it to), time is working against its shareholders, so we are demanding a greater margin of safety in this investment.”