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 |
ATVI
Activision Blizzard
ATVI
|
+$5.87M |
| 2 |
TEN
Tenneco Inc. Class A Voting Common Stock
TEN
|
+$5.14M |
| 3 |
VNE
Veoneer, Inc.
VNE
|
+$3.72M |
| 4 |
Autohome
ATHM
|
+$3.33M |
| 5 |
IBA
Industrias Bachoco SAB De C.V.
IBA
|
+$2.22M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Crescent Capital BDC
CCAP
|
+$15.1M |
| 2 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$4.26M |
| 3 |
CSPR
Casper Sleep Inc.
CSPR
|
+$1.46M |
| 4 |
Cannae Holdings
CNNE
|
+$1.41M |
| 5 |
Argan
AGX
|
+$1.06M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 49.51% |
| 2 | Technology | 14.11% |
| 3 | Materials | 13.24% |
| 4 | Real Estate | 10.9% |
| 5 | Financials | 3.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ATCO
1
DELISTED
Atlas Corp.
ATCO
| $1.47B | 48.76% |
100,037,675
+48,985
| +0% | +$726K |
|
|
RFP
2
DELISTED
Resolute Forest Products Inc.
RFP
| $394M | 13.09% |
30,548,190
| – | – |
|
3
BlackBerry
BB
$4.71B
| $348M | 11.56% |
46,724,700
| – | – |
|
|
KW
4
DELISTED
Kennedy-Wilson Holdings
KW
| $325M | 10.79% |
13,322,009
| – | – |
|
5
Micron Technology
MU
$1.09T
| $53.8M | 1.79% |
690,200
| – | – |
|
6
Alphabet (Google) Class A
GOOGL
$4.22T
| $46.5M | 1.55% |
334,620
| – | – |
|
|
7
Crescent Capital BDC
CCAP
$395M
| $44.2M | 1.47% |
2,491,737
-847,262
| -25% | -$15.1M |
|
8
H&R Block
HRB
$6.62B
| $29.2M | 0.97% |
1,120,894
| – | – |
|
9
Franklin Templeton, Inc.
BEN
$17.4B
| $27.9M | 0.93% |
1,000,000
| – | – |
|
10
Chevron
CVX
$403B
| $25.4M | 0.84% |
155,800
| – | – |
|
11
Helmerich & Payne
HP
$4.35B
| $23.7M | 0.79% |
555,105
| – | – |
|
12
Pfizer
PFE
$160B
| $20.8M | 0.69% |
400,900
| – | – |
|
13
Scotiabank
BNS
$107B
| $17.7M | 0.59% |
247,100
| – | – |
|
14
General Motors
GM
$77.2B
| $16.4M | 0.55% |
375,965
| – | – |
|
15
GE Aerospace
GE
$361B
| $15.9M | 0.53% |
279,065
| – | – |
|
16
Alibaba
BABA
$286B
| $15.6M | 0.52% |
143,800
| – | – |
|
17
Merck
MRK
$376B
| $14.2M | 0.47% |
172,900
| – | – |
|
18
Johnson & Johnson
JNJ
$651B
| $13M | 0.43% |
73,400
| – | – |
|
19
International Seaways
INSW
$4.93B
| $10.3M | 0.34% |
572,954
| – | – |
|
20
TSMC
TSM
$2.17T
| $9.77M | 0.32% |
93,700
| – | – |
|
21
MasterCraft Boat Holdings
MCFT
$617M
| $8.08M | 0.27% |
328,699
-10,500
| -3% | -$279K |
|
|
TEN
22
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $6.56M | 0.22% |
+358,100
| New | +$5.14M |
|
|
ATVI
23
DELISTED
Activision Blizzard
ATVI
| $6.04M | 0.2% |
+75,400
| New | +$5.87M |
|
|
VNE
24
DELISTED
Veoneer, Inc.
VNE
| $3.86M | 0.13% |
+104,444
| New | +$3.72M |
|
|
LTRPA
25
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $3.37M | 0.11% |
1,650,000
| – | – |
|
Similar funds
Prem Watsa's Q1 2022 Portfolio in Review
As of Q1 2022, Prem Watsa held 72 positions worth $3.01B, down 3.5% from $3.12B the previous quarter. Its ten largest holdings account for 92% of the portfolio.
Prem Watsa's Q1 2022 filing shows 9 new, 3 increased, 3 reduced and 6 closed positions. Its largest new stake was Activision Blizzard: 75,400 shares worth $6.04M. The largest sale was Crescent Capital BDC, an estimated $15.1M.
By sector, the portfolio is most concentrated in Industrials at 50% of assets, up from 46% a quarter earlier, followed by Technology and Materials.
- Prem Watsa's largest Q1 2022 buy was Activision Blizzard: 75,400 shares worth $6.04M.
- Prem Watsa added most to Meta Platforms (Facebook) in Q1 2022, an estimated $1.4M increase.
- Prem Watsa's biggest Q1 2022 reduction was Crescent Capital BDC, cutting an estimated $15.1M.
- Prem Watsa fully exited Nuance Communications, Inc. in Q1 2022, selling an estimated $4.26M.
- Prem Watsa's ten largest holdings make up 92% of its $3.01B portfolio in Q1 2022.
- Prem Watsa opened 9 new positions and closed 6 in Q1 2022.
- Prem Watsa's portfolio value fell 3.5% quarter-over-quarter to $3.01B.
Based on Fairfax Financial Holdings's 13F filing for Q1 2022, filed 16 May 2022.