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 |
Vanguard S&P 500 ETF
VOO
|
+$4.34M |
| 2 |
LTRPA
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
|
+$2.01M |
| 3 |
ATCO
Atlas Corp.
ATCO
|
+$1.67M |
| 4 |
IRBT
iRobot
IRBT
|
+$1.54M |
| 5 |
Magnachip Semiconductor
MX
|
+$1.38M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MasterCraft Boat Holdings
MCFT
|
+$37.9M |
| 2 |
GrafTech
EAF
|
+$10.3M |
| 3 |
Booking.com
BKNG
|
+$7M |
| 4 |
MOMO
Hello Group
MOMO
|
+$1.98M |
| 5 |
Argan
AGX
|
+$1.62M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 46.59% |
| 2 | Technology | 21.06% |
| 3 | Materials | 12.15% |
| 4 | Real Estate | 8.61% |
| 5 | Financials | 4.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ATCO
1
DELISTED
Atlas Corp.
ATCO
| $1.42B | 45.79% |
99,932,826
+120,455
| +0.1% | +$1.67M |
|
2
BlackBerry
BB
$4.71B
| $571M | 18.37% |
46,724,700
| – | – |
|
|
RFP
3
DELISTED
Resolute Forest Products Inc.
RFP
| $373M | 11.99% |
30,548,190
| – | – |
|
|
KW
4
DELISTED
Kennedy-Wilson Holdings
KW
| $265M | 8.52% |
13,322,009
| – | – |
|
5
Crescent Capital BDC
CCAP
$395M
| $70.8M | 2.28% |
3,796,246
| – | – |
|
6
Micron Technology
MU
$1.09T
| $58.7M | 1.89% |
690,200
+5,200
| +0.8% | +$439K |
|
7
Alphabet (Google) Class A
GOOGL
$4.22T
| $40.8M | 1.31% |
334,620
| – | – |
|
8
Franklin Templeton, Inc.
BEN
$17.4B
| $32M | 1.03% |
1,000,000
| – | – |
|
9
General Motors
GM
$77.2B
| $22.2M | 0.72% |
375,965
| – | – |
|
10
Lumen
LUMN
$6.13B
| $19.4M | 0.62% |
1,425,000
| – | – |
|
11
GE Aerospace
GE
$361B
| $18.7M | 0.6% |
279,065
| – | – |
|
12
Helmerich & Payne
HP
$4.35B
| $18.1M | 0.58% |
555,105
| – | – |
|
13
H&R Block
HRB
$6.62B
| $18.1M | 0.58% |
770,894
| – | – |
|
14
Chevron
CVX
$403B
| $16.3M | 0.52% |
155,800
| – | – |
|
15
Scotiabank
BNS
$107B
| $16.1M | 0.52% |
247,100
| – | – |
|
16
Pfizer
PFE
$160B
| $15.7M | 0.51% |
400,900
| – | – |
|
17
Merck
MRK
$376B
| $13.4M | 0.43% |
172,900
-8,299
| -5% | -$617K |
|
18
Johnson & Johnson
JNJ
$651B
| $12.1M | 0.39% |
73,400
| – | – |
|
19
TSMC
TSM
$2.17T
| $11.3M | 0.36% |
93,700
| – | – |
|
|
DSSI
20
DELISTED
Diamond S Shipping Inc. Common Shares
DSSI
| $10.3M | 0.33% |
1,034,681
| – | – |
|
|
21
MasterCraft Boat Holdings
MCFT
$617M
| $8.64M | 0.28% |
328,699
-1,358,446
| -81% | -$37.9M |
|
|
22
Booking.com
BKNG
$158B
| $7.65M | 0.25% |
87,500
-75,000
| -46% | -$7M |
|
|
LTRPA
23
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $6.71M | 0.22% |
1,650,000
+413,583
| +33% | +$2.01M |
|
|
24
Vanguard S&P 500 ETF
VOO
$1.02T
| $4.45M | 0.14% |
+11,313
| New | +$4.34M |
|
|
WW
25
DELISTED
WW International
WW
| $2.89M | 0.09% |
80,000
| – | – |
|
Similar funds
Prem Watsa's Q2 2021 Portfolio in Review
As of Q2 2021, Prem Watsa held 68 positions worth $3.11B, up 8.4% from $2.87B the previous quarter. Its ten largest holdings account for 93% of the portfolio.
Prem Watsa's Q2 2021 filing shows 11 new, 3 increased, 6 reduced and 9 closed positions. Its largest new stake was Vanguard S&P 500 ETF: 11,313 shares worth $4.45M. The largest sale was MasterCraft Boat Holdings, an estimated $37.9M.
By sector, the portfolio is most concentrated in Industrials at 47% of assets, down from 49% a quarter earlier, followed by Technology and Materials.
- Prem Watsa's largest Q2 2021 buy was Vanguard S&P 500 ETF: 11,313 shares worth $4.45M.
- Prem Watsa added most to Liberty TripAdvisor Holdings, Inc. Series A in Q2 2021, an estimated $2.01M increase.
- Prem Watsa's biggest Q2 2021 reduction was MasterCraft Boat Holdings, cutting an estimated $37.9M.
- Prem Watsa fully exited GrafTech in Q2 2021, selling an estimated $10.3M.
- Prem Watsa's ten largest holdings make up 93% of its $3.11B portfolio in Q2 2021.
- Prem Watsa opened 11 new positions and closed 9 in Q2 2021.
- Prem Watsa's portfolio value rose 8.4% quarter-over-quarter to $3.11B.
Based on Fairfax Financial Holdings's 13F filing for Q2 2021, filed 16 Aug 2021.