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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
-19.34%
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
$2.84B
AUM Growth
-$172M
Cap. Flow
+$515M
Cap. Flow %
18.16%
Top 10 Hldgs %
88.99%
Holding
73
New
7
Increased
9
Reduced
7
Closed
3

Top Buys

Rank Stock Value
1
ATCO
Atlas Corp.
ATCO
+$315M
2
BAC icon
Bank of America
BAC
+$92.5M
3
OXY icon
Occidental Petroleum
OXY
+$54.5M
4
INTC icon
Intel
INTC
+$26.9M
5
CVX icon
Chevron
CVX
+$26.2M

Top Sells

Rank Stock Value
1
MCFT icon
MasterCraft Boat Holdings
MCFT
+$7.4M
2
CCAP icon
Crescent Capital BDC
CCAP
+$4.49M
3
VNE
Veoneer, Inc.
VNE
+$3.86M
4
IBA
Industrias Bachoco SAB De C.V.
IBA
+$2.51M
5
LHCG
LHC Group LLC
LHCG
+$1.25M

Sector Composition

Rank Sector Weight
1 Industrials 47.84%
2 Materials 13.84%
3 Technology 11.71%
4 Real Estate 8.98%
5 Financials 5.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ATHM icon
26
Autohome
ATHM
$2.56B
$3.66M 0.13%
93,000
-17,000
-15% -$529K
CIGI icon
27
Colliers International
CIGI
$5.47B
$2.73M 0.1%
25,000
– –
BN icon
28
Brookfield
BN
$93.1B
$2.22M 0.08%
92,775
– –
QSR icon
29
Restaurant Brands International
QSR
$28.2B
$2.17M 0.08%
43,500
– –
IMAX icon
30
IMAX
IMAX
$2.89B
$2.11M 0.07%
125,000
– –
TME icon
31
Tencent Music
TME
$14.4B
$2.05M 0.07%
409,000
– –
TFII icon
32
TFI International
TFII
$11.6B
$1.88M 0.07%
+23,600
New +$1.92M
KKR icon
33
KKR & Co
KKR
$97.4B
$1.85M 0.07%
40,000
– –
MIDD icon
34
Middleby
MIDD
$5.22B
$1.82M 0.06%
14,500
– –
UA icon
35
Under Armour Class C
UA
$2.25B
$1.74M 0.06%
229,000
+110,000
+92% +$1.24M
OR icon
36
OR Royalties Inc
OR
$6.76B
$1.61M 0.06%
160,000
– –
SLCA
37
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
$1.48M 0.05%
130,000
– –
MX icon
38
Magnachip Semiconductor
MX
$121M
$1.45M 0.05%
100,000
– –
FHN icon
39
First Horizon
FHN
$11.7B
$1.41M 0.05%
+64,300
New +$1.45M
J icon
40
Jacobs Solutions
J
$17.6B
$1.4M 0.05%
13,299
– –
CVS icon
41
CVS Health
CVS
$119B
$1.39M 0.05%
15,000
-11,500
-43% -$1.12M
CTXS
42
DELISTED
Citrix Systems Inc
CTXS
$1.38M 0.05%
14,200
+7,100
+100% +$707K
GTXAP
43
DELISTED
Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock
GTXAP
$1.3M 0.05%
159,239
– –
DIN icon
44
Dine Brands
DIN
$454M
$1.3M 0.05%
20,000
-5,500
-22% -$393K
LTRPA
45
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
$1.25M 0.04%
1,650,000
– –
GRP.U
46
DELISTED
Granite Real Estate Investment Trust
GRP.U
$1.22M 0.04%
20,000
– –
ICD
47
DELISTED
Independence Contract Drilling, Inc.
ICD
$1.21M 0.04%
390,294
– –
META icon
48
Meta Platforms (Facebook)
META
$1.4T
$1.13M 0.04%
7,000
– –
DOO
49
Bombardier Recreational Products
DOO
$4.99B
$1.09M 0.04%
+17,700
New +$1.32M
DENN
50
DELISTED
Denny's
DENN
$1.08M 0.04%
125,000
– –
1
2
3

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Prem Watsa's Q2 2022 Portfolio in Review

As of Q2 2022, Prem Watsa held 73 positions worth $2.84B, down 5.7% from $3.01B the previous quarter. Its ten largest holdings account for 89% of the portfolio.

Prem Watsa deployed $515M of net new capital in Q2 2022, opening 7 new positions and adding to 9 existing holdings. Its largest new stake was Bank of America: 2,569,229 shares worth $80.1M.

By sector, the portfolio is most concentrated in Industrials at 48% of assets, down from 50% a quarter earlier, followed by Materials and Technology.

On the sell side, the largest reduction was MasterCraft Boat Holdings, an estimated $7.4M trimmed.

  • Prem Watsa's largest Q2 2022 buy was Bank of America: 2,569,229 shares worth $80.1M.
  • Prem Watsa added most to Atlas Corp. in Q2 2022, an estimated $315M increase.
  • Prem Watsa's biggest Q2 2022 reduction was MasterCraft Boat Holdings, cutting an estimated $7.4M.
  • Prem Watsa fully exited Veoneer, Inc. in Q2 2022, selling an estimated $3.86M.
  • Prem Watsa's ten largest holdings make up 89% of its $2.84B portfolio in Q2 2022.
  • Prem Watsa opened 7 new positions and closed 3 in Q2 2022.
  • Prem Watsa's portfolio value fell 5.7% quarter-over-quarter to $2.84B.

Based on Fairfax Financial Holdings's 13F filing for Q2 2022, filed 15 Aug 2022.