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PW

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
-3.75%
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
$1.53B
AUM Growth
-$132M
Cap. Flow
-$550M
Cap. Flow %
-36%
Top 10 Hldgs %
97.49%
Holding
34
New
4
Increased
1
Reduced
–
Closed
6

Top Buys

Rank Stock Value
1
RFP
Resolute Forest Products Inc.
RFP
+$8.36M
2
LXK
Lexmark Intl Inc
LXK
+$598K
3
CVT
CVENT, INC.
CVT
+$481K
4
GD icon
General Dynamics
GD
+$209K
5
NOV icon
NOV
NOV
+$206K

Top Sells

Rank Stock Value
1
BCE icon
BCE
BCE
+$12.3M
2
IBN icon
ICICI Bank
IBN
+$10.7M
3
EMWP
Eros Media World PLC
EMWP
+$1.34M
4
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
+$559K
5
ADT
ADT Corp
ADT
+$515K

Sector Composition

Rank Sector Weight
1 Technology 34.12%
2 Materials 11.51%
3 Real Estate 11.12%
4 Energy 3.73%
5 Consumer Discretionary 3.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NOV icon
26
NOV
NOV
$7.28B
$215K 0.01%
+6,400
New +$206K
GD icon
27
General Dynamics
GD
$104B
$209K 0.01%
+1,500
New +$209K
BCE icon
28
BCE
BCE
$22.1B
– –
-268,300
Closed -$12.3M
IBN icon
29
ICICI Bank
IBN
$107B
– –
-1,650,000
Closed -$10.7M
EMWP
30
DELISTED
Eros Media World PLC
EMWP
– –
-5,810
Closed -$1.34M
ADT
31
DELISTED
ADT Corp
ADT
– –
-12,500
Closed -$515K
CNL
32
DELISTED
CLECO CRP (HOLDING CO)
CNL
– –
-9,200
Closed -$508K
HOT
33
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
– –
-6,700
Closed -$559K
1
2

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Prem Watsa's Q2 2016 Portfolio in Review

As of Q2 2016, Prem Watsa held 34 positions worth $1.53B, down 8% from $1.66B the previous quarter. Its ten largest holdings account for 97% of the portfolio.

Prem Watsa withdrew a net $550M in Q2 2016, closing 6 positions. Its most notable exit was BCE, an estimated $12.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 35% a quarter earlier, followed by Materials and Real Estate.

Against the trend, Prem Watsa opened a new position in Lexmark Intl Inc worth $611K.

  • Prem Watsa's largest Q2 2016 buy was Lexmark Intl Inc: 16,200 shares worth $611K.
  • Prem Watsa added most to Resolute Forest Products Inc. in Q2 2016, an estimated $8.36M increase.
  • Prem Watsa fully exited BCE in Q2 2016, selling an estimated $12.3M.
  • Prem Watsa's ten largest holdings make up 97% of its $1.53B portfolio in Q2 2016.
  • Prem Watsa opened 4 new positions and closed 6 in Q2 2016.
  • Prem Watsa's portfolio value fell 8% quarter-over-quarter to $1.53B.

Based on Fairfax Financial Holdings's 13F filing for Q2 2016, filed 12 Aug 2016.