Fairfax Financial just reported the equity holdings of the firm. These are the details of buys and sells. The equity portfolio is fun by Chairman Prem Watsa, who has an outstanding record in risk management and stock pickings.
Fairfax bought into a lot of new positions. But this does not mean Prem Watsa is bullish. It was said that he has keep his equity positions fully hedged.
Prem Watsa owns 49 stocks with a total value of $2.3 billion. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Prem Watsa
Kraft Foods, Inc. is the largest branded food and beverage company headquartered in the U. Kraft Foods Inc. has a market cap of $43.64 billion; its shares were traded at around $29.5 with a P/E ratio of 14.1 and P/S ratio of 1.1. The dividend yield of Kraft Foods Inc. stocks is 3.9%. Kraft Foods Inc. had an annual average earning growth of 1.7% over the past 5 years.
Everest Re Group, Ltd. is a world leader in property and casualty reinsurance and insurance, offering innovative products, responsive service and unsurpassed financial strength. Everest Re Group Ltd. has a market cap of $4.65 billion; its shares were traded at around $78.94 with a P/E ratio of 9.3 and P/S ratio of 1. The dividend yield of Everest Re Group Ltd. stocks is 2.4%.
Southern Energy acquires, develops, builds, owns and operates power production and delivery facilities and provides a broad range ofenergy-related services to utilities and industrial companies in selectedcountries around the world. The Southern Company has a market cap of $29.5 billion; its shares were traded at around $35.78 with a P/E ratio of 14.2 and P/S ratio of 1.9. The dividend yield of The Southern Company stocks is 5.1%. The Southern Company had an annual average earning growth of 2.1% over the past 10 years.
Consolidated Edison, Inc. is one of the nation's largest investor-owned energy companies. Consolidated Edison Inc. has a market cap of $13.52 billion; its shares were traded at around $47.95 with a P/E ratio of 14.7 and P/S ratio of 1. The dividend yield of Consolidated Edison Inc. stocks is 5.1%. Consolidated Edison Inc. had an annual average earning growth of 0.2% over the past 10 years.
Dominion Resources is a producer of energy. Dominion has one of the larger British Thermal Unit production capability among integrated utilities in the northeast quadrant of the United States. Dominion Resources Inc. has a market cap of $26.11 billion; its shares were traded at around $43.8 with a P/E ratio of 13.2 and P/S ratio of 1.7. The dividend yield of Dominion Resources Inc. stocks is 4.2%. Dominion Resources Inc. had an annual average earning growth of 0.8% over the past 10 years. GuruFocus rated Dominion Resources Inc. the business predictability rank of 2.5-star.
Duke Energy Corporation is an integrated energy and energy services provider with the ability to offer physical delivery and management of both electricity and natural gas throughout the U. Duke Energy Corp. has a market cap of $22.45 billion; its shares were traded at around $17.1 with a P/E ratio of 12.4 and P/S ratio of 1.7. The dividend yield of Duke Energy Corp. stocks is 5.7%.
PG&E Corporation is an energy-based holding company. Pg&e Corp. has a market cap of $16.98 billion; its shares were traded at around $45.59 with a P/E ratio of 13.2 and P/S ratio of 1.3. The dividend yield of Pg&e Corp. stocks is 4.1%. Pg&e Corp. had an annual average earning growth of 3.1% over the past 5 years.
Public Service Entertainment Group has been an active participant in the ongoing policy debate on how the energy industry can best contribute to achieving the nation's environmental objectives. Public Service Enterprise Group has a market cap of $15.97 billion; its shares were traded at around $31.56 with a P/E ratio of 10.4 and P/S ratio of 1.3. The dividend yield of Public Service Enterprise Group stocks is 4.3%. Public Service Enterprise Group had an annual average earning growth of 3.6% over the past 10 years.
Sempra Energy is an energy services holding company. Sempra Energy has a market cap of $12.69 billion; its shares were traded at around $51.28 with a P/E ratio of 12.4 and P/S ratio of 1.6. The dividend yield of Sempra Energy stocks is 3%. Sempra Energy had an annual average earning growth of 2.1% over the past 10 years.
PPL Corporation is an energy and utility holding company. Ppl Corp. has a market cap of $12.39 billion; its shares were traded at around $26.43 with a P/E ratio of 10.2 and P/S ratio of 1.6. The dividend yield of Ppl Corp. stocks is 5.3%.
Xcel Energy Inc. is predominantly an operating public utility engaged in the generation, transmission and distribution of electricity and the transportation, storage and distribution of natural gas. Xcel Energy Inc. has a market cap of $10.24 billion; its shares were traded at around $22.28 with a P/E ratio of 14.3 and P/S ratio of 1.1. The dividend yield of Xcel Energy Inc. stocks is 4.6%. Xcel Energy Inc. had an annual average earning growth of 2.3% over the past 5 years.
SLM Corporation is the one of nation's largest private sources of funding and servicing support for higher education loans for students and their parents. Slm Corp. has a market cap of $5.64 billion; its shares were traded at around $11.61 with a P/E ratio of 8 and P/S ratio of 1.3. Slm Corp. had an annual average earning growth of 9.8% over the past 10 years.
Patterson is one of the providers of domestic land drillingservices to major & independent oil & natural gas companies. Pattersonuti Energy Inc. has a market cap of $2.33 billion; its shares were traded at around $15.1275 with and P/S ratio of 2.9. The dividend yield of Pattersonuti Energy Inc. stocks is 1.3%. Pattersonuti Energy Inc. had an annual average earning growth of 17.8% over the past 10 years.
Citigroup Inc., the global financial services company, has some two hundred million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citigroup Inc. has a market cap of $112.15 billion; its shares were traded at around $3.87 with and P/S ratio of 1.3.
1st Century Bancshares, Inc. is a bank holding company that operates through its wholly owned subsidiary, 1st Century Bank, National Association that provides a range of commercial banking services in California. 1st Century Bancshares Inc has a market cap of $31.8 million; its shares were traded at around $3.45 .
MBIA Incorporated is engaged in providing financial guaranteeinsurance and investment management and financial services to public finance clients and financial institutions on a global basis. Mbia Inc. has a market cap of $1.88 billion; its shares were traded at around $9.17 with and P/S ratio of 0.6.
SandRidge Energy, Inc. is an oil and natural gas company headquartered in Oklahoma City with its principal focus on exploration and production. Sandridge Energy Inc has a market cap of $979.3 million; its shares were traded at around $4.64 with a P/E ratio of 9.1 and P/S ratio of 1.7.
Magna International, Inc. is an independent supplier of original equipment components, assemblies, modules and systems and related tooling for cars and light trucks. Magna International Inc. has a market cap of $8.26 billion; its shares were traded at around $73.73 with a P/E ratio of 14.7 and P/S ratio of 0.5. The dividend yield of Magna International Inc. stocks is 0.9%.
LEUCADIA NATL is a diversified financial services holding companyprincipally engaged in personal and commercial lines of property and casualty insurance, life insurance, banking and lending and manufacturing. Leucadia National Corp. has a market cap of $5.12 billion; its shares were traded at around $21.03 with a P/E ratio of 26.5 and P/S ratio of 4.6.
General Electric is one of the largest and most diversified industrial corporations in the world. General Electric Company has a market cap of $165.43 billion; its shares were traded at around $15.495 with a P/E ratio of 14.2 and P/S ratio of 1.1. The dividend yield of General Electric Company stocks is 2.5%. General Electric Company had an annual average earning growth of 14.1% over the past 10 years. GuruFocus rated General Electric Company the business predictability rank of 4-star.
Fairfax bought into a lot of new positions. But this does not mean Prem Watsa is bullish. It was said that he has keep his equity positions fully hedged.
Prem Watsa owns 49 stocks with a total value of $2.3 billion. These are the details of the buys and sells.
- New Purchases: C, D, DUK, ED, FCTY, MBI, PCG, PEG, PPL, PTEN, RE, SLM, SO, SRE, XEL,
- Added Positions: KFT,
- Reduced Positions: SD,
- Sold Out: GE, LUK, MGA,
This is the sector weightings of his portfolio:
| Financials | 27.3% |
| Health Care | 17.5% |
| Consumer Goods | 13.2% |
| Telecommunications | 12.3% |
| Technology | 11.8% |
| Basic Materials | 7.4% |
| Consumer Services | 4.2% |
| Industrials | 3.8% |
| Oil & Gas | 1% |
| Utilities | 0.8% |
These are the top 5 holdings of Prem Watsa
- Johnson & Johnson (JNJ) - 6,884,300 shares, 17.33% of the total portfolio.
- Wells Fargo & Company (WFC) - 14,074,100 shares, 15.33% of the total portfolio.
- Kraft Foods Inc. (KFT) - 10,149,871 shares, 12.11% of the total portfolio. Shares added by 2.01%
- Dell Inc. (DELL) - 22,817,389 shares, 11.72% of the total portfolio. Shares reduced by 1.3%
- U.S. Bancorp (USB) - 11,306,800 shares, 10.77% of the total portfolio.
Added: Kraft Foods Inc. (KFT, Financial)
Prem Watsa added to his holdings in Kraft Foods Inc. by 2.01%. His purchase prices were between $28.32 and $31.07, with an estimated average price of $29.71. The impact to his portfolio due to this purchase was 0.24%. His holdings were 10,149,871 shares as of 06/30/2010.Kraft Foods, Inc. is the largest branded food and beverage company headquartered in the U. Kraft Foods Inc. has a market cap of $43.64 billion; its shares were traded at around $29.5 with a P/E ratio of 14.1 and P/S ratio of 1.1. The dividend yield of Kraft Foods Inc. stocks is 3.9%. Kraft Foods Inc. had an annual average earning growth of 1.7% over the past 5 years.
New Purchase: Everest Re Group Ltd. (RE, Financial)
Prem Watsa initiated holdings in Everest Re Group Ltd.. His purchase prices were between $69.57 and $82.87, with an estimated average price of $76.14. The impact to his portfolio due to this purchase was 0.2%. His holdings were 65,000 shares as of 06/30/2010.Everest Re Group, Ltd. is a world leader in property and casualty reinsurance and insurance, offering innovative products, responsive service and unsurpassed financial strength. Everest Re Group Ltd. has a market cap of $4.65 billion; its shares were traded at around $78.94 with a P/E ratio of 9.3 and P/S ratio of 1. The dividend yield of Everest Re Group Ltd. stocks is 2.4%.
New Purchase: The Southern Company (SO, Financial)
Prem Watsa initiated holdings in The Southern Company. His purchase prices were between $32.13 and $35.26, with an estimated average price of $33.76. The impact to his portfolio due to this purchase was 0.11%. His holdings were 80,000 shares as of 06/30/2010.Southern Energy acquires, develops, builds, owns and operates power production and delivery facilities and provides a broad range ofenergy-related services to utilities and industrial companies in selectedcountries around the world. The Southern Company has a market cap of $29.5 billion; its shares were traded at around $35.78 with a P/E ratio of 14.2 and P/S ratio of 1.9. The dividend yield of The Southern Company stocks is 5.1%. The Southern Company had an annual average earning growth of 2.1% over the past 10 years.
New Purchase: Consolidated Edison Inc. (ED, Financial)
Prem Watsa initiated holdings in Consolidated Edison Inc.. His purchase prices were between $41.66 and $45.73, with an estimated average price of $44.09. The impact to his portfolio due to this purchase was 0.11%. His holdings were 60,000 shares as of 06/30/2010.Consolidated Edison, Inc. is one of the nation's largest investor-owned energy companies. Consolidated Edison Inc. has a market cap of $13.52 billion; its shares were traded at around $47.95 with a P/E ratio of 14.7 and P/S ratio of 1. The dividend yield of Consolidated Edison Inc. stocks is 5.1%. Consolidated Edison Inc. had an annual average earning growth of 0.2% over the past 10 years.
New Purchase: Dominion Resources Inc. (D, Financial)
Prem Watsa initiated holdings in Dominion Resources Inc.. His purchase prices were between $38.56 and $42.47, with an estimated average price of $40.82. The impact to his portfolio due to this purchase was 0.1%. His holdings were 60,000 shares as of 06/30/2010.Dominion Resources is a producer of energy. Dominion has one of the larger British Thermal Unit production capability among integrated utilities in the northeast quadrant of the United States. Dominion Resources Inc. has a market cap of $26.11 billion; its shares were traded at around $43.8 with a P/E ratio of 13.2 and P/S ratio of 1.7. The dividend yield of Dominion Resources Inc. stocks is 4.2%. Dominion Resources Inc. had an annual average earning growth of 0.8% over the past 10 years. GuruFocus rated Dominion Resources Inc. the business predictability rank of 2.5-star.
New Purchase: Duke Energy Corp. (DUK, Financial)
Prem Watsa initiated holdings in Duke Energy Corp.. His purchase prices were between $15.61 and $16.98, with an estimated average price of $16.32. The impact to his portfolio due to this purchase was 0.1%. His holdings were 150,000 shares as of 06/30/2010.Duke Energy Corporation is an integrated energy and energy services provider with the ability to offer physical delivery and management of both electricity and natural gas throughout the U. Duke Energy Corp. has a market cap of $22.45 billion; its shares were traded at around $17.1 with a P/E ratio of 12.4 and P/S ratio of 1.7. The dividend yield of Duke Energy Corp. stocks is 5.7%.
New Purchase: Pg&e Corp. (PCG, Financial)
Prem Watsa initiated holdings in Pg&e Corp.. His purchase prices were between $40 and $44.48, with an estimated average price of $42.58. The impact to his portfolio due to this purchase was 0.09%. His holdings were 50,000 shares as of 06/30/2010.PG&E Corporation is an energy-based holding company. Pg&e Corp. has a market cap of $16.98 billion; its shares were traded at around $45.59 with a P/E ratio of 13.2 and P/S ratio of 1.3. The dividend yield of Pg&e Corp. stocks is 4.1%. Pg&e Corp. had an annual average earning growth of 3.1% over the past 5 years.
New Purchase: Public Service Enterprise Group (PEG, Financial)
Prem Watsa initiated holdings in Public Service Enterprise Group. His purchase prices were between $29.89 and $33.64, with an estimated average price of $31.42. The impact to his portfolio due to this purchase was 0.08%. His holdings were 60,000 shares as of 06/30/2010.Public Service Entertainment Group has been an active participant in the ongoing policy debate on how the energy industry can best contribute to achieving the nation's environmental objectives. Public Service Enterprise Group has a market cap of $15.97 billion; its shares were traded at around $31.56 with a P/E ratio of 10.4 and P/S ratio of 1.3. The dividend yield of Public Service Enterprise Group stocks is 4.3%. Public Service Enterprise Group had an annual average earning growth of 3.6% over the past 10 years.
New Purchase: Sempra Energy (SRE, Financial)
Prem Watsa initiated holdings in Sempra Energy. His purchase prices were between $44.5125 and $51.36, with an estimated average price of $48.18. The impact to his portfolio due to this purchase was 0.06%. His holdings were 30,000 shares as of 06/30/2010.Sempra Energy is an energy services holding company. Sempra Energy has a market cap of $12.69 billion; its shares were traded at around $51.28 with a P/E ratio of 12.4 and P/S ratio of 1.6. The dividend yield of Sempra Energy stocks is 3%. Sempra Energy had an annual average earning growth of 2.1% over the past 10 years.
New Purchase: Ppl Corp. (PPL, Financial)
Prem Watsa initiated holdings in Ppl Corp.. His purchase prices were between $24.24 and $28.64, with an estimated average price of $26.09. The impact to his portfolio due to this purchase was 0.06%. His holdings were 60,000 shares as of 06/30/2010.PPL Corporation is an energy and utility holding company. Ppl Corp. has a market cap of $12.39 billion; its shares were traded at around $26.43 with a P/E ratio of 10.2 and P/S ratio of 1.6. The dividend yield of Ppl Corp. stocks is 5.3%.
New Purchase: Xcel Energy Inc. (XEL, Financial)
Prem Watsa initiated holdings in Xcel Energy Inc.. His purchase prices were between $20.12 and $22.1, with an estimated average price of $21.14. The impact to his portfolio due to this purchase was 0.05%. His holdings were 60,000 shares as of 06/30/2010.Xcel Energy Inc. is predominantly an operating public utility engaged in the generation, transmission and distribution of electricity and the transportation, storage and distribution of natural gas. Xcel Energy Inc. has a market cap of $10.24 billion; its shares were traded at around $22.28 with a P/E ratio of 14.3 and P/S ratio of 1.1. The dividend yield of Xcel Energy Inc. stocks is 4.6%. Xcel Energy Inc. had an annual average earning growth of 2.3% over the past 5 years.
New Purchase: Slm Corp. (SLM, Financial)
Prem Watsa initiated holdings in Slm Corp.. His purchase prices were between $10.24 and $13.58, with an estimated average price of $11.88. The impact to his portfolio due to this purchase was 0.01%. His holdings were 15,000 shares as of 06/30/2010.SLM Corporation is the one of nation's largest private sources of funding and servicing support for higher education loans for students and their parents. Slm Corp. has a market cap of $5.64 billion; its shares were traded at around $11.61 with a P/E ratio of 8 and P/S ratio of 1.3. Slm Corp. had an annual average earning growth of 9.8% over the past 10 years.
New Purchase: Pattersonuti Energy Inc. (PTEN, Financial)
Prem Watsa initiated holdings in Pattersonuti Energy Inc.. His purchase prices were between $12.46 and $15.64, with an estimated average price of $14.18. The impact to his portfolio due to this purchase was 0.01%. His holdings were 15,000 shares as of 06/30/2010.Patterson is one of the providers of domestic land drillingservices to major & independent oil & natural gas companies. Pattersonuti Energy Inc. has a market cap of $2.33 billion; its shares were traded at around $15.1275 with and P/S ratio of 2.9. The dividend yield of Pattersonuti Energy Inc. stocks is 1.3%. Pattersonuti Energy Inc. had an annual average earning growth of 17.8% over the past 10 years.
New Purchase: Citigroup Inc. (C, Financial)
Prem Watsa initiated holdings in Citigroup Inc.. His purchase prices were between $3.63 and $4.97, with an estimated average price of $4.15. The impact to his portfolio due to this purchase was 0.01%. His holdings were 60,000 shares as of 06/30/2010.Citigroup Inc., the global financial services company, has some two hundred million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citigroup Inc. has a market cap of $112.15 billion; its shares were traded at around $3.87 with and P/S ratio of 1.3.
New Purchase: 1st Century Bancshares Inc (FCTY)
Prem Watsa initiated holdings in 1st Century Bancshares Inc. His purchase prices were between $3.35 and $4.316, with an estimated average price of $3.88. The impact to his portfolio due to this purchase was 0.01%. His holdings were 73,652 shares as of 06/30/2010.1st Century Bancshares, Inc. is a bank holding company that operates through its wholly owned subsidiary, 1st Century Bank, National Association that provides a range of commercial banking services in California. 1st Century Bancshares Inc has a market cap of $31.8 million; its shares were traded at around $3.45 .
New Purchase: Mbia Inc. (MBI)
Prem Watsa initiated holdings in Mbia Inc.. His purchase prices were between $5.67 and $10.55, with an estimated average price of $7.69. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 20,000 shares as of 06/30/2010.MBIA Incorporated is engaged in providing financial guaranteeinsurance and investment management and financial services to public finance clients and financial institutions on a global basis. Mbia Inc. has a market cap of $1.88 billion; its shares were traded at around $9.17 with and P/S ratio of 0.6.
Reduced: Sandridge Energy Inc (SD)
Prem Watsa reduced to his holdings in Sandridge Energy Inc by 39.84%. His sale prices were between $5.4 and $7.85, with an estimated average price of $6.85. The impact to his portfolio due to this sale was -0.39%. Prem Watsa still held 3,926,600 shares as of 06/30/2010.SandRidge Energy, Inc. is an oil and natural gas company headquartered in Oklahoma City with its principal focus on exploration and production. Sandridge Energy Inc has a market cap of $979.3 million; its shares were traded at around $4.64 with a P/E ratio of 9.1 and P/S ratio of 1.7.
Sold Out: Magna International Inc. (MGA)
Prem Watsa sold out his holdings in Magna International Inc.. His sale prices were between $62.53 and $75.93, with an estimated average price of $67.24.Magna International, Inc. is an independent supplier of original equipment components, assemblies, modules and systems and related tooling for cars and light trucks. Magna International Inc. has a market cap of $8.26 billion; its shares were traded at around $73.73 with a P/E ratio of 14.7 and P/S ratio of 0.5. The dividend yield of Magna International Inc. stocks is 0.9%.
Sold Out: Leucadia National Corp. (LUK)
Prem Watsa sold out his holdings in Leucadia National Corp.. His sale prices were between $19.78 and $28.05, with an estimated average price of $23.36.LEUCADIA NATL is a diversified financial services holding companyprincipally engaged in personal and commercial lines of property and casualty insurance, life insurance, banking and lending and manufacturing. Leucadia National Corp. has a market cap of $5.12 billion; its shares were traded at around $21.03 with a P/E ratio of 26.5 and P/S ratio of 4.6.
Sold Out: General Electric Company (GE)
Prem Watsa sold out his holdings in General Electric Company. His sale prices were between $14.48 and $19.5, with an estimated average price of $17.23.General Electric is one of the largest and most diversified industrial corporations in the world. General Electric Company has a market cap of $165.43 billion; its shares were traded at around $15.495 with a P/E ratio of 14.2 and P/S ratio of 1.1. The dividend yield of General Electric Company stocks is 2.5%. General Electric Company had an annual average earning growth of 14.1% over the past 10 years. GuruFocus rated General Electric Company the business predictability rank of 4-star.
