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Prem Watsa Fairfax Financial Holdings

AUM $2.64B
1-Year Est. Return 24.46%
 

Prem Watsa is the founder and chairman of Fairfax Financial Holdings, a Canada-based insurance and investment company frequently compared to a Berkshire-style model. Fairfax combines underwriting operations with a value-oriented investment portfolio managed with a long-term horizon. Watsa is known for contrarian positioning, careful attention to insurance float, and candid annual letters.

This Fund
S&P 500
This Quarter Est. Return
+11.7%
1 Year Est. Return
+24.46%
3 Year Est. Return
+70.73%
5 Year Est. Return
+102.15%
10 Year Est. Return
+491.91%
AUM
$1.43B
AUM Growth
+$119M
Cap. Flow
-$26.6M
Cap. Flow %
-1.87%
Top 10 Hldgs %
97.34%
Holding
45
New
3
Increased
3
Reduced
3
Closed
3

Top Buys

Rank Stock Value
1
XCO
Exco Resources
XCO
+$34.6M
2
SPLP
STEEL PARTNERS HOLDINGS L.P.
SPLP
+$497K
3
HNR
Harvest Natural Resources
HNR
+$434K
4
APF
Morgan Stanley Asia Pacific Fund
APF
+$398K
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$397K

Top Sells

Rank Stock Value
1
BB icon
BlackBerry
BB
+$48.8M
2
VPHM
VIROPHARMA INC
VPHM
+$498K
3
EVAC
EDWARDS GROUP LTD ADR (CYM)
EVAC
+$494K
4
HPQ icon
HP
HPQ
+$263K
5
CTB
Cooper Tire & Rubber Co.
CTB
+$145K

Sector Composition

Rank Sector Weight
1 Materials 41%
2 Technology 26.44%
3 Energy 20.98%
4 Consumer Discretionary 4.43%
5 Financials 2.72%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BP icon
26
BP
BP
$115B
$529K 0.04%
13,448
+4,890
+57% +$193K
SPLP
27
DELISTED
STEEL PARTNERS HOLDINGS L.P.
SPLP
$509K 0.04%
+30,000
New +$497K
HOLX
28
DELISTED
Hologic
HOLX
$430K 0.03%
20,000
– –
MBI icon
29
MBIA
MBI
$250M
$419K 0.03%
30,000
– –
APF
30
DELISTED
Morgan Stanley Asia Pacific Fund
APF
$413K 0.03%
+24,500
New +$398K
CTB
31
DELISTED
Cooper Tire & Rubber Co.
CTB
$398K 0.03%
16,400
-6,100
-27% -$145K
HNR
32
DELISTED
Harvest Natural Resources
HNR
$375K 0.03%
+25,000
New +$434K
SLM icon
33
SLM Corp
SLM
$4.97B
$367K 0.03%
41,970
– –
EDU icon
34
New Oriental
EDU
$8.88B
$326K 0.02%
11,100
– –
STL
35
DELISTED
Sterling Bancorp
STL
$317K 0.02%
25,000
– –
NEU icon
36
NewMarket
NEU
$8.62B
$293K 0.02%
750
– –
NTP
37
DELISTED
Nam Tai Property Inc.
NTP
$250K 0.02%
35,000
– –
GD icon
38
General Dynamics
GD
$104B
$240K 0.02%
2,200
– –
IBM icon
39
IBM
IBM
$222B
$231K 0.02%
1,255
– –
CSX icon
40
CSX Corp
CSX
$95.6B
$220K 0.02%
22,800
– –
PWE
41
DELISTED
Penn West Energy Petroleum Ltd
PWE
$133K 0.01%
15,900
– –
HPQ icon
42
HP
HPQ
$27.2B
– –
-20,699
Closed -$263K
VPHM
43
DELISTED
VIROPHARMA INC
VPHM
– –
-10,000
Closed -$498K
EVAC
44
DELISTED
EDWARDS GROUP LTD ADR (CYM)
EVAC
– –
-48,500
Closed -$494K
1
2

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Prem Watsa's Q1 2014 Portfolio in Review

As of Q1 2014, Prem Watsa held 45 positions worth $1.43B, up 9.1% from $1.31B the previous quarter. Its ten largest holdings account for 97% of the portfolio.

Prem Watsa's Q1 2014 filing shows 3 new, 3 increased, 3 reduced and 3 closed positions. Its largest new stake was STEEL PARTNERS HOLDINGS L.P.: 30,000 shares worth $509K. The largest sale was BlackBerry, an estimated $48.8M.

By sector, the portfolio is most concentrated in Materials at 41% of assets, up from 36% a quarter earlier, followed by Technology and Energy.

  • Prem Watsa's largest Q1 2014 buy was STEEL PARTNERS HOLDINGS L.P.: 30,000 shares worth $509K.
  • Prem Watsa added most to Exco Resources in Q1 2014, an estimated $34.6M increase.
  • Prem Watsa's biggest Q1 2014 reduction was BlackBerry, cutting an estimated $48.8M.
  • Prem Watsa fully exited VIROPHARMA INC in Q1 2014, selling an estimated $498K.
  • Prem Watsa's ten largest holdings make up 97% of its $1.43B portfolio in Q1 2014.
  • Prem Watsa opened 3 new positions and closed 3 in Q1 2014.
  • Prem Watsa's portfolio value rose 9.1% quarter-over-quarter to $1.43B.

Based on Fairfax Financial Holdings's 13F filing for Q1 2014, filed 14 May 2014.