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 |
CVS Health
CVS
|
+$152M |
| 2 |
Kraft Heinz
KHC
|
+$84M |
| 3 |
ATS Corp
ATS
|
+$73.8M |
| 4 |
Cleveland-Cliffs
CLF
|
+$71.1M |
| 5 |
Molson Coors Class B
TAP
|
+$69.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$45.6M |
| 2 |
Intel
INTC
|
+$4.46M |
| 3 |
Capri Holdings
CPRI
|
+$3.37M |
| 4 |
Restaurant Brands International
QSR
|
+$3.02M |
| 5 |
TGNA
TEGNA Inc
TGNA
|
+$505K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 23.66% |
| 2 | Energy | 20.7% |
| 3 | Technology | 13.61% |
| 4 | Consumer Staples | 10.91% |
| 5 | Healthcare | 10.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Autohome
ATHM
$2.56B
| $1.4M | 0.09% |
54,000
| – | – |
|
27
MGM Resorts International
MGM
$11B
| $1.02M | 0.07% |
29,500
| – | – |
|
28
Berkshire Hathaway Class A
BRK.A
$1.06T
| $680K | 0.04% |
1
| – | – |
|
29
Magnachip Semiconductor
MX
$121M
| $501K | 0.03% |
125,000
| – | – |
|
30
Xeris Biopharma Holdings
XERS
$1.59B
| $472K | 0.03% |
139,687
-31,250
| -18% | -$101K |
|
|
RVNC
31
DELISTED
Revance Therapeutics, Inc.
RVNC
| $64.1K | ﹤0.01% |
+21,158
| New | +$92.2K |
|
|
32
Alphabet (Google) Class A
GOOGL
$4.22T
| – | – |
-274,620
| Closed | -$45.6M |
|
|
33
Intel
INTC
$476B
| – | – |
-190,000
| Closed | -$4.46M |
|
|
34
Restaurant Brands International
QSR
$28.2B
| – | – |
-42,000
| Closed | -$3.02M |
|
|
TGNA
35
DELISTED
TEGNA Inc
TGNA
| – | – |
-32,000
| Closed | -$505K |
|
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Prem Watsa's Q4 2024 Portfolio in Review
As of Q4 2024, Prem Watsa held 35 positions worth $1.56B, up 42% from $1.1B the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Prem Watsa deployed $410M of net new capital in Q4 2024, opening 4 new positions and adding to 6 existing holdings. Its largest new stake was CVS Health: 2,712,000 shares worth $122M.
By sector, the portfolio is most concentrated in Materials at 24% of assets, up from 21% a quarter earlier, followed by Energy and Technology.
On the sell side, the largest reduction was Capri Holdings, an estimated $3.37M trimmed.
- Prem Watsa's largest Q4 2024 buy was CVS Health: 2,712,000 shares worth $122M.
- Prem Watsa added most to Kraft Heinz in Q4 2024, an estimated $84M increase.
- Prem Watsa's biggest Q4 2024 reduction was Capri Holdings, cutting an estimated $3.37M.
- Prem Watsa fully exited Alphabet (Google) Class A in Q4 2024, selling an estimated $45.6M.
- Prem Watsa's ten largest holdings make up 89% of its $1.56B portfolio in Q4 2024.
- Prem Watsa opened 4 new positions and closed 4 in Q4 2024.
- Prem Watsa's portfolio value rose 42% quarter-over-quarter to $1.56B.
Based on Fairfax Financial Holdings's 13F filing for Q4 2024, filed 14 Feb 2025.