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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
+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
HRB icon
76
H&R Block
HRB
$6.62B
– –
-1,035,019
Closed -$44M
INSW icon
77
International Seaways
INSW
$4.93B
– –
-572,954
Closed -$20.1M
MCFT icon
78
MasterCraft Boat Holdings
MCFT
$617M
– –
-10,000
Closed -$188K
TEN
79
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
– –
-375,000
Closed -$6.52M
CTXS
80
DELISTED
Citrix Systems Inc
CTXS
– –
-14,200
Closed -$1.48M
NLSN
81
DELISTED
Nielsen Holdings plc
NLSN
– –
-26,900
Closed -$746K
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.