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
|
+$41.9M |
| 2 |
Under Armour
UAA
|
+$28.8M |
| 3 |
TSMC
TSM
|
+$7.28M |
| 4 |
Meta Platforms (Facebook)
META
|
+$6.22M |
| 5 |
Capri Holdings
CPRI
|
+$503K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$82.5M |
| 2 |
Crescent Capital BDC
CCAP
|
+$33.6M |
| 3 |
GE Aerospace
GE
|
+$4.49M |
| 4 |
Credo Technology Group
CRDO
|
+$1.85M |
| 5 |
Canadian Pacific Kansas City
CP
|
+$1.68M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 33.75% |
| 2 | Materials | 18.18% |
| 3 | Technology | 12.91% |
| 4 | Real Estate | 11.17% |
| 5 | Consumer Discretionary | 7.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Occidental Petroleum
OXY
$61.3B
| $379M | 32.05% |
6,020,418
| – | – |
|
|
ORLA
2
DELISTED
Orla Mining
ORLA
| $213M | 18.02% |
55,655,229
| – | – |
|
|
KW
3
DELISTED
Kennedy-Wilson Holdings
KW
| $129M | 10.94% |
13,322,009
| – | – |
|
4
BlackBerry
BB
$4.71B
| $116M | 9.84% |
46,724,700
| – | – |
|
5
Alphabet (Google) Class A
GOOGL
$4.22T
| $50M | 4.23% |
274,620
| – | – |
|
|
6
Vanguard S&P 500 ETF
VOO
$1.02T
| $47.5M | 4.02% |
95,000
+87,000
| +1,088% | +$41.9M |
|
|
7
Under Armour
UAA
$2.32B
| $28.2M | 2.38% |
+4,223,700
| New | +$28.8M |
|
|
8
TSMC
TSM
$2.17T
| $24.6M | 2.08% |
141,700
+48,000
| +51% | +$7.28M |
|
9
Franklin Templeton, Inc.
BEN
$17.4B
| $22.4M | 1.89% |
1,000,000
| – | – |
|
10
Merck
MRK
$376B
| $21.4M | 1.81% |
172,900
| – | – |
|
11
Alibaba
BABA
$286B
| $21.1M | 1.78% |
292,800
| – | – |
|
12
Helmerich & Payne
HP
$4.35B
| $20.1M | 1.7% |
555,105
| – | – |
|
13
General Motors
GM
$77.2B
| $17.5M | 1.48% |
375,965
| – | – |
|
14
Scotiabank
BNS
$107B
| $13.2M | 1.12% |
289,100
| – | – |
|
15
Pfizer
PFE
$160B
| $12.9M | 1.09% |
460,900
| – | – |
|
16
Johnson & Johnson
JNJ
$651B
| $10.7M | 0.91% |
73,400
| – | – |
|
|
17
Capri Holdings
CPRI
$1.55B
| $6.68M | 0.56% |
202,100
+13,900
| +7% | +$503K |
|
|
18
Meta Platforms (Facebook)
META
$1.4T
| $6.45M | 0.55% |
+12,800
| New | +$6.22M |
|
19
Intel
INTC
$476B
| $5.88M | 0.5% |
190,000
| – | – |
|
|
20
Micron Technology
MU
$1.09T
| $5.27M | 0.45% |
40,100
-655,000
| -94% | -$82.5M |
|
|
SPR
21
DELISTED
Spirit AeroSystems
SPR
| $4.99M | 0.42% |
152,000
| – | – |
|
22
Restaurant Brands International
QSR
$28.2B
| $2.95M | 0.25% |
42,000
| – | – |
|
23
Gentex
GNTX
$4.98B
| $2.86M | 0.24% |
85,000
| – | – |
|
24
Colliers International
CIGI
$5.47B
| $2.77M | 0.23% |
25,000
| – | – |
|
25
Autohome
ATHM
$2.56B
| $2.55M | 0.22% |
93,000
| – | – |
|
Similar funds
Prem Watsa's Q2 2024 Portfolio in Review
As of Q2 2024, Prem Watsa held 44 positions worth $1.18B, down 3.7% from $1.23B the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Prem Watsa withdrew a net $41.7M in Q2 2024, closing 6 positions and reducing 1 holding. Its most notable exit was Crescent Capital BDC, an estimated $33.6M position sold in full.
By sector, the portfolio is most concentrated in Energy at 34% of assets, up from 34% a quarter earlier, followed by Materials and Technology.
Against the trend, Prem Watsa opened a new position in Under Armour worth $28.2M.
- Prem Watsa's largest Q2 2024 buy was Under Armour: 4,223,700 shares worth $28.2M.
- Prem Watsa added most to Vanguard S&P 500 ETF in Q2 2024, an estimated $41.9M increase.
- Prem Watsa's biggest Q2 2024 reduction was Micron Technology, cutting an estimated $82.5M.
- Prem Watsa fully exited Crescent Capital BDC in Q2 2024, selling an estimated $33.6M.
- Prem Watsa's ten largest holdings make up 87% of its $1.18B portfolio in Q2 2024.
- Prem Watsa opened 2 new positions and closed 6 in Q2 2024.
- Prem Watsa's portfolio value fell 3.7% quarter-over-quarter to $1.18B.
Based on Fairfax Financial Holdings's 13F filing for Q2 2024, filed 14 Aug 2024.