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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
+6.94%
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
$4.02B
AUM Growth
+$119M
Cap. Flow
-$422M
Cap. Flow %
-10.5%
Top 10 Hldgs %
91.99%
Holding
82
New
9
Increased
5
Reduced
6
Closed
7

Top Buys

Rank Stock Value
1
ORLA
Orla Mining
ORLA
+$1.79M
2
BIL icon
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
+$1.7M
3
CIXX
CI Financial Corp.
CIXX
+$1.67M
4
VIVO
Meridian Bioscience Inc
VIVO
+$1.33M
5
CRDO icon
Credo Technology Group
CRDO
+$1.16M

Top Sells

Rank Stock Value
1
HRB icon
H&R Block
HRB
+$44M
2
INSW icon
International Seaways
INSW
+$20.1M
3
TEN
Tenneco Inc. Class A Voting Common Stock
TEN
+$6.52M
4
TME icon
Tencent Music
TME
+$1.88M
5
CTXS
Citrix Systems Inc
CTXS
+$1.48M

Sector Composition

Rank Sector Weight
1 Industrials 48.26%
2 Materials 17.55%
3 Technology 8.98%
4 Real Estate 5.27%
5 Financials 4.44%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VMD icon
51
Viemed Healthcare
VMD
$337M
$1.1M 0.03%
150,000
– –
LTRPA
52
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
$1.09M 0.03%
1,650,000
– –
FNF icon
53
Fidelity National Financial
FNF
$12.7B
$1.05M 0.03%
28,000
-1,120
-4% -$42K
DAR icon
54
Darling Ingredients
DAR
$10.4B
$1.01M 0.03%
16,200
– –
MGM icon
55
MGM Resorts International
MGM
$11B
$989K 0.02%
29,500
– –
DK icon
56
Delek US
DK
$4.38B
$864K 0.02%
32,000
– –
GTX icon
57
Garrett Motion
GTX
$4.96B
$839K 0.02%
109,900
– –
TGNA
58
DELISTED
TEGNA Inc
TGNA
$678K 0.02%
+32,000
New +$645K
TME icon
59
Tencent Music
TME
$14.4B
$621K 0.02%
75,000
-334,000
-82% -$1.88M
LYLT
60
DELISTED
Loyalty Ventures Inc. Common Stock
LYLT
$578K 0.01%
240,000
– –
TSAT icon
61
Telesat
TSAT
$674M
$533K 0.01%
76,000
– –
VOO icon
62
Vanguard S&P 500 ETF
VOO
$1.02T
$492K 0.01%
1,400
– –
LBRDK
63
DELISTED
Liberty Broadband Class C
LBRDK
$486K 0.01%
6,380
– –
BRK.A icon
64
Berkshire Hathaway Class A
BRK.A
$1.06T
$468K 0.01%
1
– –
DVN icon
65
Devon Energy
DVN
$54B
$369K 0.01%
6,000
-5,600
-48% -$382K
BAM icon
66
Brookfield Asset Management
BAM
$83.5B
$361K 0.01%
+12,583
New +$379K
FSTX
67
DELISTED
F-star Therapeutics, Inc. Common Stock
FSTX
$312K 0.01%
49,399
+25,000
+102% +$138K
GNTX icon
68
Gentex
GNTX
$4.98B
$267K 0.01%
+9,800
New +$261K
EOG icon
69
EOG Resources
EOG
$80.3B
$259K 0.01%
2,000
-2,000
-50% -$266K
AXP icon
70
American Express
AXP
$227B
$236K 0.01%
1,600
– –
PXD
71
DELISTED
Pioneer Natural Resource Co.
PXD
$228K 0.01%
1,000
-1,000
-50% -$243K
XERS icon
72
Xeris Biopharma Holdings
XERS
$1.59B
$200K 0.01%
151,395
– –
FG icon
73
F&G Annuities & Life
FG
$2.96B
$38.1K ﹤0.01%
+1,904
New +$38.8K
BNT
74
Brookfield Wealth Solutions
BNT
$12.4B
$10.7K ﹤0.01%
515
– –
GRP.U
75
DELISTED
Granite Real Estate Investment Trust
GRP.U
– –
-20,000
Closed -$968K
1 2
3
4

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Prem Watsa's Q4 2022 Portfolio in Review

As of Q4 2022, Prem Watsa held 82 positions worth $4.02B, up 3.1% from $3.9B the previous quarter. Its ten largest holdings account for 92% of the portfolio.

Prem Watsa withdrew a net $422M in Q4 2022, closing 7 positions and reducing 6 holdings. Its most notable exit was H&R Block, an estimated $44M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 48% of assets, up from 45% a quarter earlier, followed by Materials and Technology.

Against the trend, Prem Watsa opened a new position in State Street SPDR Bloomberg 1-3 Month T-Bill ETF worth $1.7M.

  • Prem Watsa's largest Q4 2022 buy was State Street SPDR Bloomberg 1-3 Month T-Bill ETF: 18,600 shares worth $1.7M.
  • Prem Watsa added most to Orla Mining in Q4 2022, an estimated $1.79M increase.
  • Prem Watsa's biggest Q4 2022 reduction was Tencent Music, cutting an estimated $1.88M.
  • Prem Watsa fully exited H&R Block in Q4 2022, selling an estimated $44M.
  • Prem Watsa's ten largest holdings make up 92% of its $4.02B portfolio in Q4 2022.
  • Prem Watsa opened 9 new positions and closed 7 in Q4 2022.
  • Prem Watsa's portfolio value rose 3.1% quarter-over-quarter to $4.02B.

Based on Fairfax Financial Holdings's 13F filing for Q4 2022, filed 14 Feb 2023.