Prem Watsa Fairfax Financial Holdings
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VA
Virgin America Inc.
VA
|
+$613K |
| 2 |
NetEase
NTES
|
+$213K |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 53.19% |
| 2 | Real Estate | 18.19% |
| 3 | Materials | 14.35% |
| 4 | Energy | 4.61% |
| 5 | Consumer Discretionary | 4.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
CSX Corp
CSX
$95.6B
| $299K | 0.03% |
29,400
| – | – |
|
|
27
NetEase
NTES
$82.1B
| $241K | 0.02% |
+5,000
| New | +$213K |
|
28
NOV
NOV
$7.28B
| $235K | 0.02% |
6,400
| – | – |
|
29
General Dynamics
GD
$104B
| $233K | 0.02% |
1,500
| – | – |
|
Similar funds
Prem Watsa's Q3 2016 Portfolio in Review
As of Q3 2016, Prem Watsa held 29 positions worth $1.11B, down 27% from $1.53B the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Prem Watsa's Q3 2016 filing shows 2 new positions. Its largest new stake was Virgin America Inc.: 11,000 shares worth $589K.
By sector, the portfolio is most concentrated in Technology at 53% of assets, up from 34% a quarter earlier, followed by Real Estate and Materials.
- Prem Watsa's largest Q3 2016 buy was Virgin America Inc.: 11,000 shares worth $589K.
- Prem Watsa's ten largest holdings make up 97% of its $1.11B portfolio in Q3 2016.
- Prem Watsa opened 2 new positions and closed 0 in Q3 2016.
- Prem Watsa's portfolio value fell 27% quarter-over-quarter to $1.11B.
Based on Fairfax Financial Holdings's 13F filing for Q3 2016, filed 10 Nov 2016.