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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
+3.57%
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
$1.54B
AUM Growth
+$65.2M
Cap. Flow
+$110M
Cap. Flow %
7.12%
Top 10 Hldgs %
97.45%
Holding
44
New
2
Increased
5
Reduced
4
Closed
1

Top Buys

Rank Stock Value
1
SD
SANDRIDGE ENERGY, INC.
SD
+$60.2M
2
IBM icon
IBM
IBM
+$49.1M
3
CBST
CUBIST PHARMACEUTICALS INC
CBST
+$1.57M
4
RYAM icon
Rayonier Advanced Materials
RYAM
+$722K
5
ENOV icon
Enovis
ENOV
+$331K

Top Sells

Rank Stock Value
1
BYI
BALLY TECHNOLOGIES, INC.
BYI
+$1.73M
2
USB icon
US Bancorp
USB
+$293K
3
GD icon
General Dynamics
GD
+$95.2K
4
CRESY
Cresud
CRESY
+$86.6K
5
BP icon
BP
BP
+$6.42K

Sector Composition

Rank Sector Weight
1 Technology 47.32%
2 Materials 33.24%
3 Energy 8.47%
4 Consumer Discretionary 5%
5 Financials 2.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BB icon
1
BlackBerry
BB
$4.71B
$512M 33.16%
46,654,700
– –
RFP
2
DELISTED
Resolute Forest Products Inc.
RFP
$511M 33.08%
29,044,012
– –
IBM icon
3
IBM
IBM
$222B
$219M 14.16%
1,425,803
+308,570
+28% +$49.1M
SD
4
DELISTED
SANDRIDGE ENERGY, INC.
SD
$92.1M 5.96%
50,886,188
+18,422,988
+57% +$60.2M
NXH
5
Neighborhood Intelligence, Inc. Common Stock
NXH
$396M
$77.2M 5%
4,238,805
– –
XCO
6
DELISTED
Exco Resources
XCO
$38.1M 2.46%
1,169,261
– –
PTVCB
7
DELISTED
Protective Insurance Corporation Class B Common Stock
PTVCB
$25M 1.62%
969,875
– –
BCE icon
8
BCE
BCE
$22.1B
$12.3M 0.8%
268,300
– –
KW
9
DELISTED
Kennedy-Wilson Holdings
KW
$10.1M 0.66%
400,000
– –
JNJ icon
10
Johnson & Johnson
JNJ
$651B
$8.66M 0.56%
82,850
– –
PFE icon
11
Pfizer
PFE
$160B
$7.32M 0.47%
247,690
– –
CRESY
12
Cresud
CRESY
$792M
$7.27M 0.47%
811,983
-9,262
-1% -$86.6K
WFC icon
13
Wells Fargo
WFC
$254B
$3.8M 0.25%
69,300
– –
BRK.B icon
14
Berkshire Hathaway Class B
BRK.B
$1.06T
$3.68M 0.24%
24,500
– –
CBST
15
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
$2.03M 0.13%
+20,200
New +$1.57M
DXM
16
DELISTED
DEX MEDIA INC NEW COM STK (DE)
DXM
$1.43M 0.09%
159,198
– –
BRK.A icon
17
Berkshire Hathaway Class A
BRK.A
$1.06T
$1.35M 0.09%
6
– –
USG
18
DELISTED
Usg
USG
$1.2M 0.08%
42,800
– –
C icon
19
Citigroup
C
$221B
$1.08M 0.07%
20,000
– –
USB icon
20
US Bancorp
USB
$96.7B
$1.04M 0.07%
23,200
-6,800
-23% -$293K
NYT icon
21
New York Times
NYT
$10.6B
$925K 0.06%
70,000
– –
RYAM icon
22
Rayonier Advanced Materials
RYAM
$586M
$892K 0.06%
40,000
+27,300
+215% +$722K
MRK icon
23
Merck
MRK
$376B
$681K 0.04%
12,576
– –
ORI icon
24
Old Republic International
ORI
$10B
$657K 0.04%
45,000
– –
FLG
25
Flagstar Bank National Association
FLG
$5.59B
$640K 0.04%
13,333
– –
1
2

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Prem Watsa's Q4 2014 Portfolio in Review

As of Q4 2014, Prem Watsa held 44 positions worth $1.54B, up 4.4% from $1.48B the previous quarter. Its ten largest holdings account for 97% of the portfolio.

Prem Watsa deployed $110M of net new capital in Q4 2014, opening 2 new positions and adding to 5 existing holdings. Its largest new stake was CUBIST PHARMACEUTICALS INC: 20,200 shares worth $2.03M.

By sector, the portfolio is most concentrated in Technology at 47% of assets, up from 45% a quarter earlier, followed by Materials and Energy.

On the sell side, the largest reduction was US Bancorp, an estimated $293K trimmed.

  • Prem Watsa's largest Q4 2014 buy was CUBIST PHARMACEUTICALS INC: 20,200 shares worth $2.03M.
  • Prem Watsa added most to SANDRIDGE ENERGY, INC. in Q4 2014, an estimated $60.2M increase.
  • Prem Watsa's biggest Q4 2014 reduction was US Bancorp, cutting an estimated $293K.
  • Prem Watsa fully exited BALLY TECHNOLOGIES, INC. in Q4 2014, selling an estimated $1.73M.
  • Prem Watsa's ten largest holdings make up 97% of its $1.54B portfolio in Q4 2014.
  • Prem Watsa opened 2 new positions and closed 1 in Q4 2014.
  • Prem Watsa's portfolio value rose 4.4% quarter-over-quarter to $1.54B.

Based on Fairfax Financial Holdings's 13F filing for Q4 2014, filed 13 Feb 2015.