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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
-0.04%
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
$1.47B
AUM Growth
-$395M
Cap. Flow
-$21.6M
Cap. Flow %
-1.47%
Top 10 Hldgs %
87.97%
Holding
61
New
1
Increased
2
Reduced
5
Closed
4

Top Buys

Rank Stock Value
1
ORLA
Orla Mining
ORLA
+$20.7M
2
FNV icon
Franco-Nevada
FNV
+$1.68M
3
CP icon
Canadian Pacific Kansas City
CP
+$300K

Top Sells

Rank Stock Value
1
INTC icon
Intel
INTC
+$22.9M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$8.06M
3
GE icon
GE Aerospace
GE
+$7.86M
4
ATVI
Activision Blizzard
ATVI
+$2.6M
5
KKR icon
KKR & Co
KKR
+$846K

Sector Composition

Rank Sector Weight
1 Technology 35.61%
2 Energy 25.95%
3 Real Estate 11.43%
4 Materials 8.71%
5 Financials 5.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DK icon
51
Delek US
DK
$4.38B
$826K 0.06%
32,000
– –
DAR icon
52
Darling Ingredients
DAR
$10.4B
$807K 0.05%
16,200
– –
TXNM
53
TXNM Energy Inc
TXNM
$5.9B
$706K 0.05%
17,000
– –
BRK.A icon
54
Berkshire Hathaway Class A
BRK.A
$1.06T
$542K 0.04%
1
– –
LBRDK
55
DELISTED
Liberty Broadband Class C
LBRDK
$514K 0.04%
6,380
– –
TGNA
56
DELISTED
TEGNA Inc
TGNA
$489K 0.03%
32,000
– –
XERS icon
57
Xeris Biopharma Holdings
XERS
$1.59B
$356K 0.02%
151,395
– –
TSAT icon
58
Telesat
TSAT
$674M
– –
-54,000
Closed -$760K
CNSL
59
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
– –
-78,850
Closed -$270K
LTRPA
60
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
– –
-1,650,000
Closed -$799K
ATVI
61
DELISTED
Activision Blizzard
ATVI
– –
-27,800
Closed -$2.6M
1 2
3

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Prem Watsa's Q4 2023 Portfolio in Review

As of Q4 2023, Prem Watsa held 61 positions worth $1.47B, down 21% from $1.86B the previous quarter. Its ten largest holdings account for 88% of the portfolio.

Prem Watsa's Q4 2023 filing shows 1 new, 2 increased, 5 reduced and 4 closed positions. Its largest new stake was Franco-Nevada: 13,800 shares worth $1.53M. The largest sale was Intel, an estimated $22.9M.

By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 28% a quarter earlier, followed by Energy and Real Estate.

  • Prem Watsa's largest Q4 2023 buy was Franco-Nevada: 13,800 shares worth $1.53M.
  • Prem Watsa added most to Orla Mining in Q4 2023, an estimated $20.7M increase.
  • Prem Watsa's biggest Q4 2023 reduction was Intel, cutting an estimated $22.9M.
  • Prem Watsa fully exited Activision Blizzard in Q4 2023, selling an estimated $2.6M.
  • Prem Watsa's ten largest holdings make up 88% of its $1.47B portfolio in Q4 2023.
  • Prem Watsa opened 1 new position and closed 4 in Q4 2023.
  • Prem Watsa's portfolio value fell 21% quarter-over-quarter to $1.47B.

Based on Fairfax Financial Holdings's 13F filing for Q4 2023, filed 14 Feb 2024.