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 |
GrafTech
EAF
|
+$5.95M |
| 2 |
Crown Castle
CCI
|
+$660K |
| 3 |
TIF
Tiffany & Co.
TIF
|
+$522K |
| 4 |
Zebra Technologies
ZBRA
|
+$511K |
| 5 |
IMMU
Immunomedics Inc
IMMU
|
+$430K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATCO
Atlas Corp.
ATCO
|
+$9.52M |
| 2 |
EE
El Paso Electric Company
EE
|
+$1.12M |
| 3 |
Garrett Motion
GTX
|
+$831K |
| 4 |
PENN Entertainment
PENN
|
+$611K |
| 5 |
Pacific Biosciences
PACB
|
+$550K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 51.28% |
| 2 | Technology | 15.51% |
| 3 | Real Estate | 11.04% |
| 4 | Materials | 7.95% |
| 5 | Consumer Discretionary | 4.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ATCO
1
DELISTED
Atlas Corp.
ATCO
| $889M | 50.15% |
99,400,952
-1,172,846
| -1% | -$9.52M |
|
2
BlackBerry
BB
$4.71B
| $214M | 12.07% |
46,724,700
| – | – |
|
|
KW
3
DELISTED
Kennedy-Wilson Holdings
KW
| $193M | 10.91% |
13,322,009
| – | – |
|
|
RFP
4
DELISTED
Resolute Forest Products Inc.
RFP
| $137M | 7.71% |
30,548,190
| – | – |
|
5
Crescent Capital BDC
CCAP
$395M
| $48.3M | 2.73% |
3,796,246
| – | – |
|
6
Micron Technology
MU
$1.09T
| $32.9M | 1.86% |
700,000
| – | – |
|
7
MasterCraft Boat Holdings
MCFT
$617M
| $32.7M | 1.85% |
1,868,465
| – | – |
|
8
Lumen
LUMN
$6.13B
| $23.8M | 1.34% |
2,359,100
| – | – |
|
9
Franklin Templeton, Inc.
BEN
$17.4B
| $20.3M | 1.15% |
1,000,000
| – | – |
|
10
Alphabet (Google) Class A
GOOGL
$4.22T
| $20.1M | 1.14% |
274,620
| – | – |
|
|
FIT
11
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $15M | 0.84% |
2,150,000
| – | – |
|
12
Gildan
GIL
$10.4B
| $14.4M | 0.81% |
730,000
| – | – |
|
13
Chevron
CVX
$403B
| $11.2M | 0.63% |
155,800
| – | – |
|
14
General Motors
GM
$77.2B
| $11.1M | 0.63% |
375,965
| – | – |
|
15
Booking.com
BKNG
$158B
| $11.1M | 0.63% |
162,500
| – | – |
|
16
Johnson & Johnson
JNJ
$651B
| $10.9M | 0.62% |
73,400
| – | – |
|
17
Scotiabank
BNS
$107B
| $10.2M | 0.58% |
247,100
| – | – |
|
18
GE Aerospace
GE
$361B
| $8.66M | 0.49% |
279,065
| – | – |
|
19
TSMC
TSM
$2.17T
| $7.6M | 0.43% |
93,700
-6,000
| -6% | -$456K |
|
|
DSSI
20
DELISTED
Diamond S Shipping Inc. Common Shares
DSSI
| $7.1M | 0.4% |
1,034,681
| – | – |
|
21
NetEase
NTES
$82.1B
| $6.59M | 0.37% |
72,500
-5,000
| -6% | -$470K |
|
|
22
GrafTech
EAF
$178M
| $5.82M | 0.33% |
+85,263
| New | +$5.95M |
|
23
Helmerich & Payne
HP
$4.35B
| $3.32M | 0.19% |
226,400
| – | – |
|
|
TIF
24
DELISTED
Tiffany & Co.
TIF
| $2.18M | 0.12% |
18,800
+4,300
| +30% | +$522K |
|
25
Restaurant Brands International
QSR
$28.2B
| $1.92M | 0.11% |
33,500
| – | – |
|
Similar funds
Prem Watsa's Q3 2020 Portfolio in Review
As of Q3 2020, Prem Watsa held 64 positions worth $1.77B, up 11% from $1.59B the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Prem Watsa's Q3 2020 filing shows 5 new, 4 increased, 4 reduced and 4 closed positions. Its largest new stake was GrafTech: 85,263 shares worth $5.82M. The largest sale was Atlas Corp., an estimated $9.52M.
By sector, the portfolio is most concentrated in Industrials at 51% of assets, up from 49% a quarter earlier, followed by Technology and Real Estate.
- Prem Watsa's largest Q3 2020 buy was GrafTech: 85,263 shares worth $5.82M.
- Prem Watsa added most to Tiffany & Co. in Q3 2020, an estimated $522K increase.
- Prem Watsa's biggest Q3 2020 reduction was Atlas Corp., cutting an estimated $9.52M.
- Prem Watsa fully exited El Paso Electric Company in Q3 2020, selling an estimated $1.12M.
- Prem Watsa's ten largest holdings make up 91% of its $1.77B portfolio in Q3 2020.
- Prem Watsa opened 5 new positions and closed 4 in Q3 2020.
- Prem Watsa's portfolio value rose 11% quarter-over-quarter to $1.77B.
Based on Fairfax Financial Holdings's 13F filing for Q3 2020, filed 13 Nov 2020.