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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
+12.45%
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
$1.22B
AUM Growth
+$92.4M
Cap. Flow
-$13.4M
Cap. Flow %
-1.1%
Top 10 Hldgs %
93.03%
Holding
48
New
19
Increased
2
Reduced
3
Closed
–

Top Buys

Rank Stock Value
1
ALR
Alere Inc
ALR
+$18.2M
2
CBI
Chicago Bridge & Iron Nv
CBI
+$13M
3
CRAY
Cray, Inc.
CRAY
+$4.73M
4
RPXC
RPX Corporation
RPXC
+$3.94M
5
AGX icon
Argan
AGX
+$3.83M

Top Sells

Rank Stock Value
1
IBM icon
IBM
IBM
+$55.5M
2
USB icon
US Bancorp
USB
+$20.1M
3
JEF icon
Jefferies Financial Group
JEF
+$5.01M

Sector Composition

Rank Sector Weight
1 Technology 46.86%
2 Materials 24.31%
3 Real Estate 18.66%
4 Healthcare 3.89%
5 Industrials 2.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BB icon
1
BlackBerry
BB
$4.71B
$522M 42.71%
46,724,700
– –
KW
2
DELISTED
Kennedy-Wilson Holdings
KW
$228M 18.66%
12,321,921
– –
RFP
3
DELISTED
Resolute Forest Products Inc.
RFP
$153M 12.5%
30,548,190
– –
IPI icon
4
Intrepid Potash
IPI
$525M
$72.5M 5.94%
1,666,667
– –
USG
5
DELISTED
Usg
USG
$50M 4.09%
1,530,522
– –
IBM icon
6
IBM
IBM
$222B
$40.8M 3.34%
294,135
-398,212
-58% -$55.5M
JNJ icon
7
Johnson & Johnson
JNJ
$651B
$19.7M 1.61%
151,250
– –
ALR
8
DELISTED
Alere Inc
ALR
$18.6M 1.52%
+365,000
New +$18.2M
HP icon
9
Helmerich & Payne
HP
$4.35B
$18.2M 1.49%
349,974
– –
CBI
10
DELISTED
Chicago Bridge & Iron Nv
CBI
$14.3M 1.17%
+850,000
New +$13M
PKX icon
11
POSCO
PKX
$17.3B
$13.3M 1.09%
191,879
– –
PFE icon
12
Pfizer
PFE
$160B
$7.49M 0.61%
221,340
– –
CRAY
13
DELISTED
Cray, Inc.
CRAY
$4.86M 0.4%
+250,000
New +$4.73M
XCO
14
DELISTED
Exco Resources
XCO
$4.68M 0.38%
3,493,258
+8
+0% +$13
AGX icon
15
Argan
AGX
$7.03B
$4.1M 0.34%
+61,000
New +$3.83M
RPXC
16
DELISTED
RPX Corporation
RPXC
$3.98M 0.33%
+300,000
New +$3.94M
TRQ
17
DELISTED
Turquoise Hill Resources Ltd
TRQ
$3.57M 0.29%
115,040
– –
NWPX icon
18
NWPX Infrastructure Inc
NWPX
$1.06B
$3.42M 0.28%
+180,000
New +$3M
PGH
19
DELISTED
Pengrowth Energy Corporation
PGH
$3.22M 0.26%
+3,200,000
New +$2.31M
WFC icon
20
Wells Fargo
WFC
$254B
$3.08M 0.25%
55,800
– –
CRR
21
DELISTED
Carbo Ceramics Inc.
CRR
$2.59M 0.21%
+300,000
New +$2.12M
BRK.B icon
22
Berkshire Hathaway Class B
BRK.B
$1.06T
$2.56M 0.21%
14,000
– –
JEF icon
23
Jefferies Financial Group
JEF
$12.1B
$2.52M 0.21%
111,713
-223,425
-67% -$5.01M
AP icon
24
Ampco-Pittsburgh
AP
$182M
$2.35M 0.19%
+135,000
New +$2.04M
MYRG icon
25
MYR Group
MYRG
$4.84B
$2.33M 0.19%
+80,000
New +$2.21M
1
2

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Prem Watsa's Q3 2017 Portfolio in Review

As of Q3 2017, Prem Watsa held 48 positions worth $1.22B, up 8.2% from $1.13B the previous quarter. Its ten largest holdings account for 93% of the portfolio.

Prem Watsa's Q3 2017 filing shows 19 new, 2 increased and 3 reduced positions. Its largest new stake was Alere Inc: 365,000 shares worth $18.6M. The largest sale was IBM, an estimated $55.5M.

By sector, the portfolio is most concentrated in Technology at 47% of assets, down from 50% a quarter earlier, followed by Materials and Real Estate.

  • Prem Watsa's largest Q3 2017 buy was Alere Inc: 365,000 shares worth $18.6M.
  • Prem Watsa added most to NetEase in Q3 2017, an estimated $287K increase.
  • Prem Watsa's biggest Q3 2017 reduction was IBM, cutting an estimated $55.5M.
  • Prem Watsa's ten largest holdings make up 93% of its $1.22B portfolio in Q3 2017.
  • Prem Watsa opened 19 new positions and closed 0 in Q3 2017.
  • Prem Watsa's portfolio value rose 8.2% quarter-over-quarter to $1.22B.

Based on Fairfax Financial Holdings's 13F filing for Q3 2017, filed 14 Nov 2017.