Prem Watsa Fairfax Financial Holdings
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gildan
GIL
|
+$10.8M |
| 2 |
MasterCraft Boat Holdings
MCFT
|
+$3.39M |
| 3 |
NetEase
NTES
|
+$2.82M |
| 4 |
EE
El Paso Electric Company
EE
|
+$1.13M |
| 5 |
SLCA
U.S. SILICA HOLDINGS, INC.
SLCA
|
+$871K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SIX
Six Flags Entertainment Corp.
SIX
|
+$7.81M |
| 2 |
RARX
Ra Pharmaceuticals, Inc. Common Stock
RARX
|
+$2.02M |
| 3 |
WBC
WABCO HOLDINGS INC.
WBC
|
+$1.19M |
| 4 |
PENN Entertainment
PENN
|
+$595K |
| 5 |
FSCT
ForeScout Technologies, Inc. Common Stock
FSCT
|
+$584K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 48.87% |
| 2 | Technology | 18.09% |
| 3 | Real Estate | 12.81% |
| 4 | Consumer Discretionary | 5.21% |
| 5 | Financials | 5.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ATCO
1
DELISTED
Atlas Corp.
ATCO
| $764M | 47.98% |
100,573,798
| – | – |
|
2
BlackBerry
BB
$4.71B
| $228M | 14.28% |
46,724,700
| – | – |
|
|
KW
3
DELISTED
Kennedy-Wilson Holdings
KW
| $203M | 12.72% |
13,322,009
| – | – |
|
|
RFP
4
DELISTED
Resolute Forest Products Inc.
RFP
| $64.2M | 4.03% |
30,548,190
| – | – |
|
5
Crescent Capital BDC
CCAP
$395M
| $48M | 3.01% |
3,796,246
| – | – |
|
6
Micron Technology
MU
$1.09T
| $36.1M | 2.26% |
700,000
| – | – |
|
|
7
MasterCraft Boat Holdings
MCFT
$617M
| $35.5M | 2.23% |
1,868,465
+269,132
| +17% | +$3.39M |
|
8
Lumen
LUMN
$6.13B
| $23.7M | 1.49% |
2,359,100
| – | – |
|
9
Franklin Templeton, Inc.
BEN
$17.4B
| $21M | 1.32% |
1,000,000
| – | – |
|
10
Alphabet (Google) Class A
GOOGL
$4.22T
| $19.5M | 1.22% |
274,620
| – | – |
|
11
Chevron
CVX
$403B
| $13.9M | 0.87% |
155,800
| – | – |
|
|
FIT
12
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $13.9M | 0.87% |
2,150,000
| – | – |
|
|
13
Gildan
GIL
$10.4B
| $11.3M | 0.71% |
+730,000
| New | +$10.8M |
|
14
Booking.com
BKNG
$158B
| $10.3M | 0.65% |
162,500
| – | – |
|
15
Johnson & Johnson
JNJ
$651B
| $10.3M | 0.65% |
73,400
| – | – |
|
16
Scotiabank
BNS
$107B
| $10.2M | 0.64% |
247,100
| – | – |
|
17
General Motors
GM
$77.2B
| $9.51M | 0.6% |
375,965
| – | – |
|
18
GE Aerospace
GE
$361B
| $9.5M | 0.6% |
279,065
| – | – |
|
|
DSSI
19
DELISTED
Diamond S Shipping Inc. Common Shares
DSSI
| $8.27M | 0.52% |
1,034,681
| – | – |
|
|
20
NetEase
NTES
$82.1B
| $6.66M | 0.42% |
77,500
+37,500
| +94% | +$2.82M |
|
21
TSMC
TSM
$2.17T
| $5.66M | 0.36% |
99,700
| – | – |
|
22
Helmerich & Payne
HP
$4.35B
| $4.42M | 0.28% |
226,400
| – | – |
|
23
Argan
AGX
$7.03B
| $2M | 0.13% |
42,200
| – | – |
|
24
Restaurant Brands International
QSR
$28.2B
| $1.82M | 0.11% |
33,500
-10,000
| -23% | -$504K |
|
|
TIF
25
DELISTED
Tiffany & Co.
TIF
| $1.77M | 0.11% |
14,500
+5,500
| +61% | +$689K |
|
Similar funds
Prem Watsa's Q2 2020 Portfolio in Review
As of Q2 2020, Prem Watsa held 64 positions worth $1.59B, up 10% from $1.44B the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Prem Watsa's Q2 2020 filing shows 8 new, 8 increased, 5 reduced and 5 closed positions. Its largest new stake was Gildan: 730,000 shares worth $11.3M. The largest sale was Six Flags Entertainment Corp., an estimated $7.81M.
By sector, the portfolio is most concentrated in Industrials at 49% of assets, down from 54% a quarter earlier, followed by Technology and Real Estate.
- Prem Watsa's largest Q2 2020 buy was Gildan: 730,000 shares worth $11.3M.
- Prem Watsa added most to MasterCraft Boat Holdings in Q2 2020, an estimated $3.39M increase.
- Prem Watsa's biggest Q2 2020 reduction was PENN Entertainment, cutting an estimated $595K.
- Prem Watsa fully exited Six Flags Entertainment Corp. in Q2 2020, selling an estimated $7.81M.
- Prem Watsa's ten largest holdings make up 91% of its $1.59B portfolio in Q2 2020.
- Prem Watsa opened 8 new positions and closed 5 in Q2 2020.
- Prem Watsa's portfolio value rose 10% quarter-over-quarter to $1.59B.
Based on Fairfax Financial Holdings's 13F filing for Q2 2020, filed 14 Aug 2020.