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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
-19.44%
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
$1.08B
AUM Growth
-$282M
Cap. Flow
+$7.45M
Cap. Flow %
0.69%
Top 10 Hldgs %
96.74%
Holding
52
New
3
Increased
9
Reduced
1
Closed
12

Top Buys

Rank Stock Value
1
PKX icon
POSCO
PKX
+$7.85M
2
SD
SANDRIDGE ENERGY, INC.
SD
+$3.35M
3
ALTR
Altera Corp
ALTR
+$994K
4
YDLE
YODLEE INC COMMON STOCK
YDLE
+$450K
5
LMNS
LUMENIS LTD CL B ORD SHS (ISR)
LMNS
+$345K

Top Sells

Rank Stock Value
1
PPO
POLYPORE INTERNATIONAL, INC
PPO
+$2.04M
2
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
+$1.01M
3
WEN icon
Wendy's
WEN
+$600K
4
BH icon
Biglari Holdings Class B
BH
+$496K
5
ADVS
Advent Software Inc
ADVS
+$495K

Sector Composition

Rank Sector Weight
1 Technology 44.72%
2 Materials 23.03%
3 Real Estate 18.38%
4 Consumer Discretionary 5.05%
5 Financials 3.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BB icon
1
BlackBerry
BB
$4.71B
$286M 26.45%
46,724,700
+25,000
+0.1% +$187K
RFP
2
DELISTED
Resolute Forest Products Inc.
RFP
$241M 22.29%
29,048,190
– –
KW
3
DELISTED
Kennedy-Wilson Holdings
KW
$199M 18.36%
8,954,941
-7
-0% -$173
IBM icon
4
IBM
IBM
$222B
$198M 18.27%
1,425,803
– –
NXH
5
Neighborhood Intelligence, Inc. Common Stock
NXH
$396M
$54.6M 5.05%
4,238,805
– –
PTVCB
6
DELISTED
Protective Insurance Corporation Class B Common Stock
PTVCB
$21M 1.95%
969,875
– –
SD
7
DELISTED
SANDRIDGE ENERGY, INC.
SD
$15.5M 1.43%
57,296,933
+6,410,745
+13% +$3.35M
XCO
8
DELISTED
Exco Resources
XCO
$13.2M 1.22%
1,169,261
– –
BCE icon
9
BCE
BCE
$22.1B
$10.9M 1.01%
268,300
– –
JNJ icon
10
Johnson & Johnson
JNJ
$651B
$7.73M 0.71%
82,850
– –
PFE icon
11
Pfizer
PFE
$160B
$7.38M 0.68%
247,690
– –
PKX icon
12
POSCO
PKX
$17.3B
$6.72M 0.62%
+191,879
New +$7.85M
WFC icon
13
Wells Fargo
WFC
$254B
$3.56M 0.33%
69,300
– –
BRK.B icon
14
Berkshire Hathaway Class B
BRK.B
$1.06T
$2.79M 0.26%
21,500
– –
LMNS
15
DELISTED
LUMENIS LTD CL B ORD SHS (ISR)
LMNS
$1.38M 0.13%
100,000
+25,000
+33% +$345K
BRK.A icon
16
Berkshire Hathaway Class A
BRK.A
$1.06T
$1.17M 0.11%
6
– –
ALTR
17
DELISTED
Altera Corp
ALTR
$1M 0.09%
+20,000
New +$994K
C icon
18
Citigroup
C
$221B
$992K 0.09%
20,000
– –
USB icon
19
US Bancorp
USB
$96.7B
$951K 0.09%
23,200
– –
USG
20
DELISTED
Usg
USG
$872K 0.08%
32,800
– –
NYT icon
21
New York Times
NYT
$10.6B
$827K 0.08%
70,000
– –
HOLX
22
DELISTED
Hologic
HOLX
$783K 0.07%
20,000
– –
OVTI
23
DELISTED
OMNIVISION TECHNOLOGIES INC
OVTI
$748K 0.07%
28,500
+9,500
+50% +$236K
FLG
24
Flagstar Bank National Association
FLG
$5.59B
$722K 0.07%
13,333
– –
BP icon
25
BP
BP
$115B
$642K 0.06%
24,958
+8,319
+50% +$244K
1
2 3

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Prem Watsa's Q3 2015 Portfolio in Review

As of Q3 2015, Prem Watsa held 52 positions worth $1.08B, down 21% from $1.36B the previous quarter. Its ten largest holdings account for 97% of the portfolio.

Prem Watsa's Q3 2015 filing shows 3 new, 9 increased, 1 reduced and 12 closed positions. Its largest new stake was POSCO: 191,879 shares worth $6.72M. The largest sale was POLYPORE INTERNATIONAL, INC, an estimated $2.04M.

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

  • Prem Watsa's largest Q3 2015 buy was POSCO: 191,879 shares worth $6.72M.
  • Prem Watsa added most to SANDRIDGE ENERGY, INC. in Q3 2015, an estimated $3.35M increase.
  • Prem Watsa's biggest Q3 2015 reduction was Kennedy-Wilson Holdings, cutting an estimated $173.
  • Prem Watsa fully exited POLYPORE INTERNATIONAL, INC in Q3 2015, selling an estimated $2.04M.
  • Prem Watsa's ten largest holdings make up 97% of its $1.08B portfolio in Q3 2015.
  • Prem Watsa opened 3 new positions and closed 12 in Q3 2015.
  • Prem Watsa's portfolio value fell 21% quarter-over-quarter to $1.08B.

Based on Fairfax Financial Holdings's 13F filing for Q3 2015, filed 13 Nov 2015.