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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
+29.2%
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
$1.42B
AUM Growth
+$197M
Cap. Flow
+$1.15M
Cap. Flow %
0.08%
Top 10 Hldgs %
94.03%
Holding
54
New
6
Increased
5
Reduced
3
Closed
10

Top Buys

Rank Stock Value
1
LUMN icon
Lumen
LUMN
+$24.2M
2
SBNY
Signature Bank
SBNY
+$1.98M
3
PR
Permian Resources
PR
+$1.55M
4
RPXC
RPX Corporation
RPXC
+$1.32M
5
FLR icon
Fluor
FLR
+$1.21M

Top Sells

Rank Stock Value
1
ALR
Alere Inc
ALR
+$18.6M
2
XCO
Exco Resources
XCO
+$4.68M
3
IBM icon
IBM
IBM
+$2.36M
4
GLBL
TerraForm Global, Inc. Class A Common Stock
GLBL
+$1.41M
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$1.14M

Sector Composition

Rank Sector Weight
1 Technology 40.5%
2 Materials 35.06%
3 Real Estate 15.07%
4 Industrials 2.65%
5 Healthcare 2.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BB icon
1
BlackBerry
BB
$4.71B
$522M 36.82%
46,724,700
– –
RFP
2
DELISTED
Resolute Forest Products Inc.
RFP
$336M 23.69%
30,548,190
– –
KW
3
DELISTED
Kennedy-Wilson Holdings
KW
$214M 15.07%
12,321,921
– –
IPI icon
4
Intrepid Potash
IPI
$525M
$79.2M 5.58%
1,666,667
– –
USG
5
DELISTED
Usg
USG
$59M 4.16%
1,530,522
– –
IBM icon
6
IBM
IBM
$222B
$40.8M 2.87%
277,922
-16,213
-6% -$2.36M
LUMN icon
7
Lumen
LUMN
$6.13B
$23.8M 1.68%
+1,425,000
New +$24.2M
HP icon
8
Helmerich & Payne
HP
$4.35B
$22.6M 1.6%
349,974
– –
JNJ icon
9
Johnson & Johnson
JNJ
$651B
$21.2M 1.49%
151,250
– –
PKX icon
10
POSCO
PKX
$17.3B
$15M 1.06%
191,879
– –
CBI
11
DELISTED
Chicago Bridge & Iron Nv
CBI
$13.7M 0.97%
850,000
– –
PFE icon
12
Pfizer
PFE
$160B
$7.61M 0.54%
221,340
– –
CRAY
13
DELISTED
Cray, Inc.
CRAY
$6.05M 0.43%
250,000
– –
RPXC
14
DELISTED
RPX Corporation
RPXC
$5.38M 0.38%
400,000
+100,000
+33% +$1.32M
TRQ
15
DELISTED
Turquoise Hill Resources Ltd
TRQ
$3.93M 0.28%
115,040
– –
NWPX icon
16
NWPX Infrastructure Inc
NWPX
$1.06B
$3.44M 0.24%
180,000
– –
AGX icon
17
Argan
AGX
$7.03B
$3.37M 0.24%
75,000
+14,000
+23% +$834K
CRR
18
DELISTED
Carbo Ceramics Inc.
CRR
$3.05M 0.22%
300,000
– –
MYRG icon
19
MYR Group
MYRG
$4.84B
$2.86M 0.2%
80,000
– –
WFC icon
20
Wells Fargo
WFC
$254B
$2.78M 0.2%
45,800
-10,000
-18% -$565K
JEF icon
21
Jefferies Financial Group
JEF
$12.1B
$2.65M 0.19%
111,713
– –
RAIL icon
22
FreightCar America
RAIL
$242M
$2.56M 0.18%
150,000
+40,000
+36% +$690K
PGH
23
DELISTED
Pengrowth Energy Corporation
PGH
$2.55M 0.18%
3,200,000
– –
KLIC icon
24
Kulicke & Soffa
KLIC
$4.49B
$2.34M 0.16%
96,000
– –
J icon
25
Jacobs Solutions
J
$17.6B
$2.31M 0.16%
42,314
– –
1
2 3

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Prem Watsa's Q4 2017 Portfolio in Review

As of Q4 2017, Prem Watsa held 54 positions worth $1.42B, up 16% from $1.22B the previous quarter. Its ten largest holdings account for 94% of the portfolio.

Prem Watsa's Q4 2017 filing shows 6 new, 5 increased, 3 reduced and 10 closed positions. Its largest new stake was Lumen: 1,425,000 shares worth $23.8M. The largest sale was Alere Inc, an estimated $18.6M.

By sector, the portfolio is most concentrated in Technology at 40% of assets, down from 47% a quarter earlier, followed by Materials and Real Estate.

  • Prem Watsa's largest Q4 2017 buy was Lumen: 1,425,000 shares worth $23.8M.
  • Prem Watsa added most to RPX Corporation in Q4 2017, an estimated $1.32M increase.
  • Prem Watsa's biggest Q4 2017 reduction was IBM, cutting an estimated $2.36M.
  • Prem Watsa fully exited Alere Inc in Q4 2017, selling an estimated $18.6M.
  • Prem Watsa's ten largest holdings make up 94% of its $1.42B portfolio in Q4 2017.
  • Prem Watsa opened 6 new positions and closed 10 in Q4 2017.
  • Prem Watsa's portfolio value rose 16% quarter-over-quarter to $1.42B.

Based on Fairfax Financial Holdings's 13F filing for Q4 2017, filed 14 Feb 2018.