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 |
Alibaba
BABA
|
+$15.7M |
| 2 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$3.5M |
| 3 |
Tencent Music
TME
|
+$3.02M |
| 4 |
Telesat
TSAT
|
+$2.07M |
| 5 |
ICD
Independence Contract Drilling, Inc.
ICD
|
+$1.38M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Crescent Capital BDC
CCAP
|
+$8.78M |
| 2 |
TRIL
Trillium Therapeutics Inc.
TRIL
|
+$5.99M |
| 3 |
LORL
Loral Space and Communications, Inc.
LORL
|
+$2.84M |
| 4 |
Vanguard S&P 500 ETF
VOO
|
+$1.5M |
| 5 |
TXNM
TXNM Energy Inc
TXNM
|
+$1.38M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 46.14% |
| 2 | Technology | 16.82% |
| 3 | Materials | 15.01% |
| 4 | Real Estate | 10.31% |
| 5 | Financials | 3.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ATCO
1
DELISTED
Atlas Corp.
ATCO
| $1.42B | 45.4% |
99,988,690
+7,301
| +0% | +$103K |
|
|
RFP
2
DELISTED
Resolute Forest Products Inc.
RFP
| $465M | 14.91% |
30,548,190
| – | – |
|
3
BlackBerry
BB
$4.71B
| $437M | 14% |
46,724,700
| – | – |
|
|
KW
4
DELISTED
Kennedy-Wilson Holdings
KW
| $318M | 10.19% |
13,322,009
| – | – |
|
5
Micron Technology
MU
$1.09T
| $64.3M | 2.06% |
690,200
| – | – |
|
|
6
Crescent Capital BDC
CCAP
$395M
| $58.8M | 1.88% |
3,338,999
-457,247
| -12% | -$8.78M |
|
7
Alphabet (Google) Class A
GOOGL
$4.22T
| $48.5M | 1.55% |
334,620
| – | – |
|
8
Franklin Templeton, Inc.
BEN
$17.4B
| $33.5M | 1.07% |
1,000,000
| – | – |
|
9
H&R Block
HRB
$6.62B
| $26.4M | 0.85% |
1,120,894
| – | – |
|
10
Pfizer
PFE
$160B
| $23.7M | 0.76% |
400,900
| – | – |
|
11
General Motors
GM
$77.2B
| $22M | 0.71% |
375,965
| – | – |
|
12
Chevron
CVX
$403B
| $18.3M | 0.59% |
155,800
| – | – |
|
13
Scotiabank
BNS
$107B
| $17.5M | 0.56% |
247,100
| – | – |
|
|
14
Alibaba
BABA
$286B
| $17.1M | 0.55% |
143,800
+108,000
| +302% | +$15.7M |
|
15
GE Aerospace
GE
$361B
| $16.4M | 0.53% |
279,065
| – | – |
|
16
Merck
MRK
$376B
| $13.3M | 0.42% |
172,900
| – | – |
|
17
Helmerich & Payne
HP
$4.35B
| $13.2M | 0.42% |
555,105
| – | – |
|
18
Johnson & Johnson
JNJ
$651B
| $12.6M | 0.4% |
73,400
| – | – |
|
19
TSMC
TSM
$2.17T
| $11.3M | 0.36% |
93,700
| – | – |
|
20
MasterCraft Boat Holdings
MCFT
$617M
| $9.61M | 0.31% |
339,199
| – | – |
|
21
International Seaways
INSW
$4.93B
| $8.41M | 0.27% |
572,954
| – | – |
|
|
NUAN
22
DELISTED
Nuance Communications, Inc.
NUAN
| $4.26M | 0.14% |
77,000
+63,500
| +470% | +$3.5M |
|
23
Colliers International
CIGI
$5.47B
| $3.71M | 0.12% |
25,000
| – | – |
|
|
LTRPA
24
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $3.56M | 0.11% |
1,650,000
| – | – |
|
25
Brookfield
BN
$93.1B
| $3.02M | 0.1% |
92,775
| – | – |
|
Similar funds
Prem Watsa's Q4 2021 Portfolio in Review
As of Q4 2021, Prem Watsa held 70 positions worth $3.12B, up 1.8% from $3.07B the previous quarter. Its ten largest holdings account for 93% of the portfolio.
Prem Watsa's Q4 2021 filing shows 9 new, 4 increased, 3 reduced and 7 closed positions. Its largest new stake was Tencent Music: 409,000 shares worth $2.8M. The largest sale was Crescent Capital BDC, an estimated $8.78M.
By sector, the portfolio is most concentrated in Industrials at 46% of assets, down from 50% a quarter earlier, followed by Technology and Materials.
- Prem Watsa's largest Q4 2021 buy was Tencent Music: 409,000 shares worth $2.8M.
- Prem Watsa added most to Alibaba in Q4 2021, an estimated $15.7M increase.
- Prem Watsa's biggest Q4 2021 reduction was Crescent Capital BDC, cutting an estimated $8.78M.
- Prem Watsa fully exited Trillium Therapeutics Inc. in Q4 2021, selling an estimated $5.99M.
- Prem Watsa's ten largest holdings make up 93% of its $3.12B portfolio in Q4 2021.
- Prem Watsa opened 9 new positions and closed 7 in Q4 2021.
- Prem Watsa's portfolio value rose 1.8% quarter-over-quarter to $3.12B.
Based on Fairfax Financial Holdings's 13F filing for Q4 2021, filed 14 Feb 2022.