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 |
KW
Kennedy-Wilson Holdings
KW
|
+$17.2M |
| 2 |
Lumen
LUMN
|
+$7.32M |
| 3 |
GE Aerospace
GE
|
+$4.78M |
| 4 |
ICD
Independence Contract Drilling, Inc.
ICD
|
+$1.58M |
| 5 |
SCG
Scana
SCG
|
+$1.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pfizer
PFE
|
+$7.61M |
| 2 |
TRQ
Turquoise Hill Resources Ltd
TRQ
|
+$3.93M |
| 3 |
MYR Group
MYRG
|
+$2.86M |
| 4 |
Jefferies Financial Group
JEF
|
+$2.65M |
| 5 |
Berkshire Hathaway Class A
BRK.A
|
+$1.85M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.27% |
| 2 | Materials | 19.53% |
| 3 | Real Estate | 11.52% |
| 4 | Industrials | 1.76% |
| 5 | Communication Services | 1.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Fluor
FLR
$7.01B
| $1.72M | 0.09% |
30,000
+4,000
| +15% | +$230K |
|
27
Ampco-Pittsburgh
AP
$182M
| $1.47M | 0.07% |
165,000
+30,000
| +22% | +$360K |
|
|
ICD
28
DELISTED
Independence Contract Drilling, Inc.
ICD
| $1.36M | 0.07% |
+18,000
| New | +$1.58M |
|
29
TSMC
TSM
$2.17T
| $1.27M | 0.06% |
29,000
| – | – |
|
|
30
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.2M | 0.06% |
6,000
-2,000
| -25% | -$411K |
|
31
US Bancorp
USB
$96.7B
| $1.17M | 0.06% |
23,200
| – | – |
|
|
WGL
32
DELISTED
Wgl Holdings
WGL
| $1.17M | 0.06% |
+14,000
| New | +$1.18M |
|
|
SCG
33
DELISTED
Scana
SCG
| $1.13M | 0.06% |
+30,000
| New | +$1.2M |
|
|
IRBT
34
DELISTED
iRobot
IRBT
| $963K | 0.05% |
+15,000
| New | +$1.13M |
|
|
MON
35
DELISTED
Monsanto Co
MON
| $723K | 0.04% |
6,200
| – | – |
|
36
Stride
LRN
$3.51B
| $470K | 0.02% |
33,133
| – | – |
|
|
37
Berkshire Hathaway Class A
BRK.A
$1.06T
| $300K | 0.01% |
1
-6
| -86% | -$1.85M |
|
|
DEST
38
DELISTED
Destination Maternity Corporation
DEST
| $180K | 0.01% |
70,000
| – | – |
|
39
Carlisle Companies
CSL
$14.6B
| – | – |
-1,900
| Closed | -$216K |
|
40
CSX Corp
CSX
$95.6B
| – | – |
-45,000
| Closed | -$825K |
|
41
General Dynamics
GD
$104B
| – | – |
-1,500
| Closed | -$305K |
|
|
42
Jefferies Financial Group
JEF
$12.1B
| – | – |
-111,713
| Closed | -$2.65M |
|
|
43
MYR Group
MYRG
$4.84B
| – | – |
-80,000
| Closed | -$2.86M |
|
44
NOV
NOV
$7.28B
| – | – |
-6,400
| Closed | -$231K |
|
|
45
Pfizer
PFE
$160B
| – | – |
-221,340
| Closed | -$7.61M |
|
|
PR
46
Permian Resources
PR
$19.9B
| – | – |
-80,000
| Closed | -$1.58M |
|
47
Thermo Fisher Scientific
TMO
$233B
| – | – |
-1,344
| Closed | -$255K |
|
|
TRQ
48
DELISTED
Turquoise Hill Resources Ltd
TRQ
| – | – |
-115,040
| Closed | -$3.93M |
|
|
ESV
49
DELISTED
Ensco Rowan plc
ESV
| – | – |
-3,520
| Closed | -$83K |
|
Similar funds
Prem Watsa's Q1 2018 Portfolio in Review
As of Q1 2018, Prem Watsa held 50 positions worth $2.01B, up 42% from $1.42B the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Prem Watsa's Q1 2018 filing shows 5 new, 12 increased, 8 reduced and 11 closed positions. Its largest new stake was GE Aerospace: 64,560 shares worth $4.17M. The largest sale was Pfizer, an estimated $7.61M.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 40% a quarter earlier, followed by Materials and Real Estate.
- Prem Watsa's largest Q1 2018 buy was GE Aerospace: 64,560 shares worth $4.17M.
- Prem Watsa added most to Kennedy-Wilson Holdings in Q1 2018, an estimated $17.2M increase.
- Prem Watsa's biggest Q1 2018 reduction was Berkshire Hathaway Class A, cutting an estimated $1.85M.
- Prem Watsa fully exited Pfizer in Q1 2018, selling an estimated $7.61M.
- Prem Watsa's ten largest holdings make up 96% of its $2.01B portfolio in Q1 2018.
- Prem Watsa opened 5 new positions and closed 11 in Q1 2018.
- Prem Watsa's portfolio value rose 42% quarter-over-quarter to $2.01B.
Based on Fairfax Financial Holdings's 13F filing for Q1 2018, filed 15 May 2018.