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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
-13.98%
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
$1.36B
AUM Growth
-$56M
Cap. Flow
+$223M
Cap. Flow %
16.38%
Top 10 Hldgs %
97.41%
Holding
51
New
8
Increased
3
Reduced
3
Closed
2

Top Buys

Rank Stock Value
1
KW
Kennedy-Wilson Holdings
KW
+$219M
2
PPO
POLYPORE INTERNATIONAL, INC
PPO
+$2.02M
3
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
+$990K
4
LMNS
LUMENIS LTD CL B ORD SHS (ISR)
LMNS
+$893K
5
WEN icon
Wendy's
WEN
+$586K

Top Sells

Rank Stock Value
1
DRC
DRESSER-RAND GROUP INC
DRC
+$1.02M
2
TLM
TALISMAN ENERGY INC
TLM
+$449K
3
ORI icon
Old Republic International
ORI
+$308K
4
TRQ
Turquoise Hill Resources Ltd
TRQ
+$157K
5
BP icon
BP
BP
+$8.19K

Sector Composition

Rank Sector Weight
1 Technology 44.23%
2 Materials 24.23%
3 Real Estate 16.16%
4 Consumer Discretionary 5.34%
5 Energy 4.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BB icon
1
BlackBerry
BB
$4.71B
$382M 27.97%
46,699,700
– –
RFP
2
DELISTED
Resolute Forest Products Inc.
RFP
$327M 23.94%
29,048,190
+4,178
+0% +$58K
IBM icon
3
IBM
IBM
$222B
$222M 16.26%
1,425,803
– –
KW
4
DELISTED
Kennedy-Wilson Holdings
KW
$220M 16.15%
8,954,948
+8,554,948
+2,139% +$219M
NXH
5
Neighborhood Intelligence, Inc. Common Stock
NXH
$396M
$71.7M 5.26%
4,238,805
– –
SD
6
DELISTED
SANDRIDGE ENERGY, INC.
SD
$44.5M 3.26%
50,886,188
– –
PTVCB
7
DELISTED
Protective Insurance Corporation Class B Common Stock
PTVCB
$22.3M 1.64%
969,875
– –
XCO
8
DELISTED
Exco Resources
XCO
$20.7M 1.52%
1,169,261
– –
BCE icon
9
BCE
BCE
$22.1B
$11.4M 0.84%
268,300
– –
JNJ icon
10
Johnson & Johnson
JNJ
$651B
$8.07M 0.59%
82,850
– –
PFE icon
11
Pfizer
PFE
$160B
$7.88M 0.58%
247,690
– –
WFC icon
12
Wells Fargo
WFC
$254B
$3.9M 0.29%
69,300
– –
BRK.B icon
13
Berkshire Hathaway Class B
BRK.B
$1.06T
$2.93M 0.21%
21,500
– –
PPO
14
DELISTED
POLYPORE INTERNATIONAL, INC
PPO
$2.04M 0.15%
+34,000
New +$2.02M
BRK.A icon
15
Berkshire Hathaway Class A
BRK.A
$1.06T
$1.23M 0.09%
6
– –
C icon
16
Citigroup
C
$221B
$1.1M 0.08%
20,000
– –
LMNS
17
DELISTED
LUMENIS LTD CL B ORD SHS (ISR)
LMNS
$1.03M 0.08%
+75,000
New +$893K
CTRX
18
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
$1.01M 0.07%
+16,500
New +$990K
USB icon
19
US Bancorp
USB
$96.7B
$1.01M 0.07%
23,200
– –
NYT icon
20
New York Times
NYT
$10.6B
$956K 0.07%
70,000
– –
USG
21
DELISTED
Usg
USG
$912K 0.07%
32,800
– –
HOLX
22
DELISTED
Hologic
HOLX
$761K 0.06%
20,000
– –
FLG
23
Flagstar Bank National Association
FLG
$5.59B
$735K 0.05%
13,333
– –
MRK icon
24
Merck
MRK
$376B
$683K 0.05%
12,576
– –
RYAM icon
25
Rayonier Advanced Materials
RYAM
$586M
$650K 0.05%
40,000
– –
1
2 3

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Prem Watsa's Q2 2015 Portfolio in Review

As of Q2 2015, Prem Watsa held 51 positions worth $1.36B, down 3.9% from $1.42B the previous quarter. Its ten largest holdings account for 97% of the portfolio.

Prem Watsa deployed $223M of net new capital in Q2 2015, opening 8 new positions and adding to 3 existing holdings. Its largest new stake was POLYPORE INTERNATIONAL, INC: 34,000 shares worth $2.04M.

By sector, the portfolio is most concentrated in Technology at 44% of assets, down from 45% a quarter earlier, followed by Materials and Real Estate.

On the sell side, the largest reduction was DRESSER-RAND GROUP INC, an estimated $1.02M trimmed.

  • Prem Watsa's largest Q2 2015 buy was POLYPORE INTERNATIONAL, INC: 34,000 shares worth $2.04M.
  • Prem Watsa added most to Kennedy-Wilson Holdings in Q2 2015, an estimated $219M increase.
  • Prem Watsa's biggest Q2 2015 reduction was DRESSER-RAND GROUP INC, cutting an estimated $1.02M.
  • Prem Watsa fully exited TALISMAN ENERGY INC in Q2 2015, selling an estimated $449K.
  • Prem Watsa's ten largest holdings make up 97% of its $1.36B portfolio in Q2 2015.
  • Prem Watsa opened 8 new positions and closed 2 in Q2 2015.
  • Prem Watsa's portfolio value fell 3.9% quarter-over-quarter to $1.36B.

Based on Fairfax Financial Holdings's 13F filing for Q2 2015, filed 14 Aug 2015.