We are live on ! Find out more
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
-16.9%
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
$1.79B
AUM Growth
-$576M
Cap. Flow
-$642M
Cap. Flow %
-35.79%
Top 10 Hldgs %
96.59%
Holding
41
New
7
Increased
7
Reduced
1
Closed
7

Top Buys

Rank Stock Value
1
BNS icon
Scotiabank
BNS
+$13.3M
2
GE icon
GE Aerospace
GE
+$3M
3
SLCA
U.S. SILICA HOLDINGS, INC.
SLCA
+$1.97M
4
MU icon
Micron Technology
MU
+$1.82M
5
BMS
Bemis
BMS
+$1.24M

Top Sells

Rank Stock Value
1
CRR
Carbo Ceramics Inc.
CRR
+$2.39M
2
FLR icon
Fluor
FLR
+$2.03M
3
EVHC
Envision Healthcare Holdings Inc
EVHC
+$1.92M
4
SSYS icon
Stratasys
SSYS
+$1.85M
5
CALL
magicJack VocalTec Ltd
CALL
+$1.42M

Sector Composition

Rank Sector Weight
1 Technology 19.01%
2 Industrials 18.26%
3 Materials 14.38%
4 Real Estate 13.5%
5 Communication Services 1.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BB icon
1
BlackBerry
BB
$4.71B
$332M 18.51%
46,724,700
– –
ATCO
2
DELISTED
Atlas Corp.
ATCO
$303M 16.88%
38,693,461
– –
RFP
3
DELISTED
Resolute Forest Products Inc.
RFP
$242M 13.51%
30,548,190
– –
KW
4
DELISTED
Kennedy-Wilson Holdings
KW
$242M 13.5%
13,322,009
– –
LUMN icon
5
Lumen
LUMN
$6.13B
$29.7M 1.66%
1,959,100
– –
JNJ icon
6
Johnson & Johnson
JNJ
$651B
$18.9M 1.06%
146,800
– –
HP icon
7
Helmerich & Payne
HP
$4.35B
$16.5M 0.92%
344,000
– –
GM icon
8
General Motors
GM
$77.2B
$12.6M 0.7%
375,965
– –
BNS icon
9
Scotiabank
BNS
$107B
$12.3M 0.69%
+247,100
New +$13.3M
GE icon
10
GE Aerospace
GE
$361B
$10.5M 0.59%
290,228
+66,396
+30% +$3M
PKX icon
11
POSCO
PKX
$17.3B
$10.4M 0.58%
189,000
– –
MDR
12
DELISTED
McDermott International
MDR
$4.28M 0.24%
655,400
– –
AGX icon
13
Argan
AGX
$7.03B
$3.79M 0.21%
100,000
– –
NWPX icon
14
NWPX Infrastructure Inc
NWPX
$1.06B
$3.73M 0.21%
160,000
– –
CRAY
15
DELISTED
Cray, Inc.
CRAY
$3.67M 0.2%
170,000
-50,000
-23% -$1.13M
J icon
16
Jacobs Solutions
J
$17.6B
$3.27M 0.18%
67,702
+19,343
+40% +$1.11M
SBNY
17
DELISTED
Signature Bank
SBNY
$2.96M 0.17%
28,800
+4,800
+20% +$540K
KLIC icon
18
Kulicke & Soffa
KLIC
$4.49B
$2.63M 0.15%
130,000
+10,000
+8% +$207K
NTES icon
19
NetEase
NTES
$82.1B
$1.88M 0.11%
40,000
– –
MU icon
20
Micron Technology
MU
$1.09T
$1.52M 0.09%
+48,000
New +$1.82M
SLCA
21
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
$1.37M 0.08%
+135,000
New +$1.97M
RAIL icon
22
FreightCar America
RAIL
$242M
$1.34M 0.07%
200,000
+20,000
+11% +$227K
SHPG
23
DELISTED
Shire pic
SHPG
$1.29M 0.07%
7,400
– –
ICD
24
DELISTED
Independence Contract Drilling, Inc.
ICD
$1.24M 0.07%
20,000
+2,000
+11% +$150K
BMS
25
DELISTED
Bemis
BMS
$1.22M 0.07%
+26,500
New +$1.24M
1
2

Similar funds

NSUP
NLB Skladi upravljanje premozenja Ljubljana $2.64B AUM
RAM
RWC Asset Management London, United Kingdom $2.64B AUM 33.18% 1-Year Est. Return
PCG
Prosperity Consulting Group Owings Mills, Maryland $2.64B AUM 23.19% 1-Year Est. Return
MIAS
Mason Investment Advisory Services Reston, Virginia $2.63B AUM 41.49% 1-Year Est. Return
LT
Lindsell Train London, United Kingdom $2.63B AUM 2.97% 1-Year Est. Return
TW
Trajan Wealth Scottsdale, Arizona $2.65B AUM 17.06% 1-Year Est. Return
BB
Bell Bank Fargo, North Dakota $2.62B AUM 23.93% 1-Year Est. Return
ACM
Anomaly Capital Management New York $2.62B AUM 23.26% 1-Year Est. Return

Prem Watsa's Q4 2018 Portfolio in Review

As of Q4 2018, Prem Watsa held 41 positions worth $1.79B, down 24% from $2.37B the previous quarter. Its ten largest holdings account for 97% of the portfolio.

Prem Watsa withdrew a net $642M in Q4 2018, closing 7 positions and reducing 1 holding. Its most notable exit was Carbo Ceramics Inc., an estimated $2.39M position sold in full.

By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 23% a quarter earlier, followed by Industrials and Materials.

Against the trend, Prem Watsa opened a new position in Scotiabank worth $12.3M.

  • Prem Watsa's largest Q4 2018 buy was Scotiabank: 247,100 shares worth $12.3M.
  • Prem Watsa added most to GE Aerospace in Q4 2018, an estimated $3M increase.
  • Prem Watsa's biggest Q4 2018 reduction was Cray, Inc., cutting an estimated $1.13M.
  • Prem Watsa fully exited Carbo Ceramics Inc. in Q4 2018, selling an estimated $2.39M.
  • Prem Watsa's ten largest holdings make up 97% of its $1.79B portfolio in Q4 2018.
  • Prem Watsa opened 7 new positions and closed 7 in Q4 2018.
  • Prem Watsa's portfolio value fell 24% quarter-over-quarter to $1.79B.

Based on Fairfax Financial Holdings's 13F filing for Q4 2018, filed 14 Feb 2019.