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 |
Kraft Heinz
KHC
|
+$25.8M |
| 2 |
Under Armour
UAA
|
+$15.5M |
| 3 |
ORLA
Orla Mining
ORLA
|
+$4.6M |
| 4 |
Micron Technology
MU
|
+$4.17M |
| 5 |
ATS Corp
ATS
|
+$1.64M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard S&P 500 ETF
VOO
|
+$47.5M |
| 2 |
Franklin Templeton, Inc.
BEN
|
+$22.4M |
| 3 |
Alibaba
BABA
|
+$21.1M |
| 4 |
Meta Platforms (Facebook)
META
|
+$6.45M |
| 5 |
SPR
Spirit AeroSystems
SPR
|
+$4.99M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 29.75% |
| 2 | Materials | 20.73% |
| 3 | Technology | 14.58% |
| 4 | Real Estate | 13.73% |
| 5 | Consumer Discretionary | 8.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Occidental Petroleum
OXY
$61.3B
| $310M | 28.21% |
6,020,418
| – | – |
|
|
ORLA
2
DELISTED
Orla Mining
ORLA
| $226M | 20.54% |
56,817,229
+1,162,000
| +2% | +$4.6M |
|
|
KW
3
DELISTED
Kennedy-Wilson Holdings
KW
| $147M | 13.39% |
13,322,009
| – | – |
|
4
BlackBerry
BB
$4.71B
| $122M | 11.13% |
46,724,700
| – | – |
|
|
5
Under Armour
UAA
$2.32B
| $56.2M | 5.11% |
6,311,800
+2,088,100
| +49% | +$15.5M |
|
6
Alphabet (Google) Class A
GOOGL
$4.22T
| $45.6M | 4.14% |
274,620
| – | – |
|
|
7
Kraft Heinz
KHC
$30.3B
| $26.3M | 2.39% |
+750,000
| New | +$25.8M |
|
8
TSMC
TSM
$2.17T
| $24.6M | 2.24% |
141,700
| – | – |
|
9
Merck
MRK
$376B
| $19.6M | 1.79% |
172,900
| – | – |
|
10
Helmerich & Payne
HP
$4.35B
| $16.9M | 1.54% |
555,105
| – | – |
|
11
General Motors
GM
$77.2B
| $16.9M | 1.53% |
375,965
| – | – |
|
12
Scotiabank
BNS
$107B
| $15.8M | 1.43% |
289,100
| – | – |
|
13
Pfizer
PFE
$160B
| $13.3M | 1.21% |
460,900
| – | – |
|
14
Johnson & Johnson
JNJ
$651B
| $11.9M | 1.08% |
73,400
| – | – |
|
15
Capri Holdings
CPRI
$1.55B
| $8.57M | 0.78% |
202,100
| – | – |
|
|
16
Micron Technology
MU
$1.09T
| $8.3M | 0.75% |
80,000
+39,900
| +100% | +$4.17M |
|
17
Intel
INTC
$476B
| $4.46M | 0.41% |
190,000
| – | – |
|
18
Colliers International
CIGI
$5.47B
| $3.8M | 0.35% |
25,000
| – | – |
|
19
KKR & Co
KKR
$97.4B
| $3.07M | 0.28% |
23,500
| – | – |
|
20
Restaurant Brands International
QSR
$28.2B
| $3.02M | 0.27% |
42,000
| – | – |
|
21
Gentex
GNTX
$4.98B
| $2.52M | 0.23% |
85,000
| – | – |
|
22
Garrett Motion
GTX
$4.96B
| $2.33M | 0.21% |
285,760
| – | – |
|
23
Franco-Nevada
FNV
$51.3B
| $2.07M | 0.19% |
16,800
+3,000
| +22% | +$372K |
|
24
TFI International
TFII
$11.6B
| $1.82M | 0.17% |
13,300
| – | – |
|
25
Autohome
ATHM
$2.56B
| $1.76M | 0.16% |
54,000
-39,000
| -42% | -$1.02M |
|
Similar funds
Prem Watsa's Q3 2024 Portfolio in Review
As of Q3 2024, Prem Watsa held 40 positions worth $1.1B, down 7% from $1.18B the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Prem Watsa withdrew a net $54.4M in Q3 2024, closing 9 positions and reducing 1 holding. Its most notable exit was Vanguard S&P 500 ETF, an estimated $47.5M position sold in full.
By sector, the portfolio is most concentrated in Energy at 30% of assets, down from 34% a quarter earlier, followed by Materials and Technology.
Against the trend, Prem Watsa opened a new position in Kraft Heinz worth $26.3M.
- Prem Watsa's largest Q3 2024 buy was Kraft Heinz: 750,000 shares worth $26.3M.
- Prem Watsa added most to Under Armour in Q3 2024, an estimated $15.5M increase.
- Prem Watsa's biggest Q3 2024 reduction was Autohome, cutting an estimated $1.02M.
- Prem Watsa fully exited Vanguard S&P 500 ETF in Q3 2024, selling an estimated $47.5M.
- Prem Watsa's ten largest holdings make up 90% of its $1.1B portfolio in Q3 2024.
- Prem Watsa opened 2 new positions and closed 9 in Q3 2024.
- Prem Watsa's portfolio value fell 7% quarter-over-quarter to $1.1B.
Based on Fairfax Financial Holdings's 13F filing for Q3 2024, filed 14 Nov 2024.