 | |
Prem Watsa13F | |
| Fairfax Financial Holdings | |
| Last update 2024-08-14 | 38 Stocks (2 new) |
| Value $1.18 Bil | Turnover 7 % |
| Portfolio Report | |
Prem Watsa Profile
Prem Watsa was born on Aug. 5, 1950. His parents were originally from the small Christian community in the southern city of Mangalore, India. He studied at the Indian Institute of Technology, with a major in chemical engineering. On Sept. 11, 1972, Watsa arrived in London, Ontario with $8 in his pocket and a $600 draft toward the first year's tuition. He attended the MBA program at what later became the Ivey Business School at the University of Western Ontario. He took his first job Confederation Life in 1974. John Watson, the director of research, handed him the book, "Security Analysis."
Watsa's Fairfax Financial is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.
Fairfax's corporate objective is to achieve a high rate of return on invested capital and build long-term shareholder value. Fairfax seeks to differentiate itself by combining disciplined underwriting with the investment of its assets on a total return basis, which Fairfax believes provides above-average returns over the long-term.
Watsa's Fairfax Financial is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.
Fairfax's corporate objective is to achieve a high rate of return on invested capital and build long-term shareholder value. Fairfax seeks to differentiate itself by combining disciplined underwriting with the investment of its assets on a total return basis, which Fairfax believes provides above-average returns over the long-term.
Prem Watsa Investing Philosophy
In 1985, Watsa met Francis Chou, who told him how Warren Buffett made his money through investing Berkshire Hathaway's insurance float. As such, he based Fairfax Financial's strategy off this practive as well. Watsa emphasizes a conservative value investment philosophy, seeking to invest assets on a total return basis, which includes realized and unrealized gains over the long term.
Prem Watsa Top Holdings of 2024-06-30
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| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OXY | Occidental Petroleum Corp | 6,020,418 | 379165.930 | 0% | 32.050 | 0% | 0.660 | -16.43% | -15.15% | 46833.630 | Oil & Gas | |
ORLA | Orla Mining Ltd | 55,655,229 | 213127.780 | 0% | 18.020 | 0% | 17.410 | +34.05% | +52.62% | 1580.182 | Metals & Mining | |
KW | Kennedy-Wilson Holdings Inc | 13,322,009 | 129356.710 | 0% | 10.940 | 0% | 9.700 | +5.91% | -6.35% | 1510.156 | Real Estate | |
BB | BlackBerry Ltd | 46,724,700 | 116344.500 | 0% | 9.840 | 0% | 7.920 | +0.41% | -31.64% | 1429.910 | Software | |
GOOGL | Alphabet Inc | 274,620 | 49997.320 | 0% | 4.230 | 0% | 0.000 | +0.22% | +21.77% | 2097969.139 | Interactive Media | |
VOO | Vanguard S&P 500 ETF | 95,000 | 47503.800 | +1,087.50% | 4.020 | +3.68% | - | +6.80% | +22.43% | 491151.194 | ||
UAA | Under Armour Inc | 4,223,700 | 28172.080 | New Holding | 2.380 | +2.38% | 0.980 | +26.01% | -0.80% | 3628.404 | Manufacturing - Apparel & Accessories | |
TSM | Taiwan Semiconductor Manufacturing Co Ltd | 141,700 | 24631.710 | +51.23% | 2.080 | +0.70% | 0.000 | +23.53% | +91.42% | 1021346.595 | Semiconductors | |
BEN | Franklin Resources Inc | 1,000,000 | 22380.000 | 0% | 1.890 | 0% | 0.190 | -6.35% | -26.43% | 10894.057 | Asset Management | |
MRK | Merck & Co Inc | 172,900 | 21394.650 | 0% | 1.810 | 0% | 0.010 | -18.28% | -3.03% | 262935.768 | Drug Manufacturers |
Prem Watsa's Historical Top Holdings Breakdowns
Prem Watsa's Top Stock Picks
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| Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
|---|---|---|---|---|---|---|---|---|---|---|---|
MU | Micron Technology Inc | 2024-06-30 | Reduce | -6.29% | 106.77 ($126.02) 153.45 | $108.18 | -14.16% | Reduce -94.23% | 40,100 | -655,000 | |
VOO | Vanguard S&P 500 ETF | 2024-06-30 | Add | +3.68% | 455.1 ($481.2) 504.28 | $534.77 | 11.13% | Add 1087.5% | 95,000 | 87,000 | |
CCAP | Crescent Capital BDC Inc | 2024-06-30 | Sold Out | -2.73% | 16.96 ($17.86) 19.1 | $18.30 | 2.46% | Sold Out | 0 | -1,945,858 | |
UAA | Under Armour Inc | 2024-06-30 | New Buy | +2.38% | 6.55 ($6.82) 7.31 | $8.72 | 27.86% | New holding | 4,223,700 | 4,223,700 | |
TSM | Taiwan Semiconductor Manufacturing Co Ltd | 2024-06-30 | Add | +0.70% | 127.7 ($151.69) 179.69 | $196.94 | 29.83% | Add 51.23% | 141,700 | 48,000 | |
META | Meta Platforms Inc | 2024-06-30 | New Buy | +0.55% | 430.17 ($486.09) 527.34 | $593.47 | 22.09% | New holding | 12,800 | 12,800 | |
GE | GE Aerospace | 2024-06-30 | Sold Out | -0.29% | 136.47 ($159.66) 168.86 | $174.05 | 9.01% | Sold Out | 0 | -25,600 | |
CRDO | Credo Technology Group Holding Ltd | 2024-06-30 | Sold Out | -0.15% | 16.92 ($22.11) 31.94 | $41.70 | 88.60% | Sold Out | 0 | -87,566 | |
CP | Canadian Pacific Kansas City Ltd | 2024-06-30 | Sold Out | -0.14% | 76.19 ($81.38) 89.24 | $77.99 | -4.17% | Sold Out | 0 | -19,100 | |
CVS | CVS Health Corp | 2024-06-30 | Sold Out | -0.10% | 53.63 ($62.55) 79.56 | $56.25 | -10.07% | Sold Out | 0 | -15,000 |
Prem Watsa Total Holding History ($B)
Prem Watsa's Asset Allocation
Prem Watsa Past Portfolios
| Portfolio Date | Number of Stocks | New Stocks | Total Value ($Mil) | Q/Q Turnover |
|---|---|---|---|---|
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Prem Watsa's Hypothetical Growth since 2024-06-30
Prem Watsa's Yearly Returns
| Year | Portfolio % | % | Excess Gain % |
|---|
Prem Watsa's Holdings Heat Map
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Prem Watsa's Holdings Bubble Chart
Prem Watsa News
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