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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
+9.79%
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
$1.75B
AUM Growth
-$2.27B
Cap. Flow
-$2.73B
Cap. Flow %
-155.85%
Top 10 Hldgs %
84.78%
Holding
77
New
2
Increased
6
Reduced
3
Closed
10

Top Buys

Rank Stock Value
1
OXY icon
Occidental Petroleum
OXY
+$131M
2
MU icon
Micron Technology
MU
+$22.1M
3
ORLA
Orla Mining
ORLA
+$19.9M
4
BAC icon
Bank of America
BAC
+$9.94M
5
PRVB
Provention Bio, Inc. Common Stock
PRVB
+$3.48M

Top Sells

Rank Stock Value
1
ATCO
Atlas Corp.
ATCO
+$1.92B
2
RFP
Resolute Forest Products Inc.
RFP
+$660M
3
ATVI
Activision Blizzard
ATVI
+$4.89M
4
GE icon
GE Aerospace
GE
+$4.1M
5
CIXX
CI Financial Corp.
CIXX
+$1.64M

Sector Composition

Rank Sector Weight
1 Technology 27.64%
2 Energy 15.01%
3 Real Estate 12.76%
4 Financials 9.95%
5 Materials 4.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRDO icon
51
Credo Technology Group
CRDO
$43B
$825K 0.05%
87,566
– –
DK icon
52
Delek US
DK
$4.38B
$734K 0.04%
32,000
– –
FNF icon
53
Fidelity National Financial
FNF
$12.7B
$677K 0.04%
19,390
-8,610
-31% -$339K
TSAT icon
54
Telesat
TSAT
$674M
$640K 0.04%
76,000
– –
TGNA
55
DELISTED
TEGNA Inc
TGNA
$541K 0.03%
32,000
– –
VOO icon
56
Vanguard S&P 500 ETF
VOO
$1.02T
$526K 0.03%
1,400
– –
LBRDK
57
DELISTED
Liberty Broadband Class C
LBRDK
$521K 0.03%
6,380
– –
BRK.A icon
58
Berkshire Hathaway Class A
BRK.A
$1.06T
$466K 0.03%
1
– –
BAM icon
59
Brookfield Asset Management
BAM
$83.5B
$412K 0.02%
12,583
– –
DVN icon
60
Devon Energy
DVN
$54B
$304K 0.02%
6,000
– –
GNTX icon
61
Gentex
GNTX
$4.98B
$275K 0.02%
9,800
– –
AXP icon
62
American Express
AXP
$227B
$264K 0.02%
1,600
– –
XERS icon
63
Xeris Biopharma Holdings
XERS
$1.59B
$245K 0.01%
151,395
– –
EOG icon
64
EOG Resources
EOG
$80.3B
$229K 0.01%
2,000
– –
PXD
65
DELISTED
Pioneer Natural Resource Co.
PXD
$204K 0.01%
1,000
– –
BNT
66
Brookfield Wealth Solutions
BNT
$12.4B
$11.2K ﹤0.01%
515
– –
FG icon
67
F&G Annuities & Life
FG
$2.96B
– –
-1,904
Closed -$38.1K
TME icon
68
Tencent Music
TME
$14.4B
– –
-75,000
Closed -$621K
VMD icon
69
Viemed Healthcare
VMD
$337M
– –
-150,000
Closed -$1.1M
ATCO
70
DELISTED
Atlas Corp.
ATCO
– –
-125,081,134
Closed -$1.92B
LYLT
71
DELISTED
Loyalty Ventures Inc. Common Stock
LYLT
– –
-240,000
Closed -$578K
FSTX
72
DELISTED
F-star Therapeutics, Inc. Common Stock
FSTX
– –
-49,399
Closed -$312K
RFP
73
DELISTED
Resolute Forest Products Inc.
RFP
– –
-30,548,190
Closed -$660M
VIVO
74
DELISTED
Meridian Bioscience Inc
VIVO
– –
-41,400
Closed -$1.37M
CIXX
75
DELISTED
CI Financial Corp.
CIXX
– –
-165,200
Closed -$1.64M
1 2
3
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Prem Watsa's Q1 2023 Portfolio in Review

As of Q1 2023, Prem Watsa held 77 positions worth $1.75B, down 56% from $4.02B the previous quarter. Its ten largest holdings account for 85% of the portfolio.

Prem Watsa withdrew a net $2.73B in Q1 2023, closing 10 positions and reducing 3 holdings. Its most notable exit was Atlas Corp., an estimated $1.92B position sold in full.

By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 9% a quarter earlier, followed by Energy and Real Estate.

Against the trend, Prem Watsa opened a new position in Provention Bio, Inc. Common Stock worth $6.67M.

  • Prem Watsa's largest Q1 2023 buy was Provention Bio, Inc. Common Stock: 277,000 shares worth $6.67M.
  • Prem Watsa added most to Occidental Petroleum in Q1 2023, an estimated $131M increase.
  • Prem Watsa's biggest Q1 2023 reduction was Activision Blizzard, cutting an estimated $4.89M.
  • Prem Watsa fully exited Atlas Corp. in Q1 2023, selling an estimated $1.92B.
  • Prem Watsa's ten largest holdings make up 85% of its $1.75B portfolio in Q1 2023.
  • Prem Watsa opened 2 new positions and closed 10 in Q1 2023.
  • Prem Watsa's portfolio value fell 56% quarter-over-quarter to $1.75B.

Based on Fairfax Financial Holdings's 13F filing for Q1 2023, filed 15 May 2023.