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Fairfax Financial’s Prem Watsa Buys ABH, XCO, SD, Sells ICO, CRESY

February 14, 2011 | About:
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gurufocus

332 followers
Prem Watsa at Fairfax Financial Holdings, Inc. reported his 4th quarter portfolio. As of 12/31/2010, Fairfax Financial Holdings, Inc. owns 39 stocks with a total value of $2.5 billion. These are the details of the buys and sells.

Prem Watsa runs Canadian insurance company Fairfax. He is not only a savvy business man, but also an excellent equity investor.

This is the portfolio chart of Prem Watsa. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



  • New Purchases: ABH, XCO,
  • Added Positions: SD,
  • Reduced Positions: ICO, CRESY,
  • Sold Out:
For the details of Prem Watsa's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Prem+Watsa

This is the sector weightings of his portfolio:

Health Care 29.3%
Technology 16.9%
Telecommunications 12.9%
Financials 11.3%
Consumer Goods 7.5%
Basic Materials 6.9%
Oil & Gas 6.6%
Industrials 4.5%
Consumer Services 4%


These are the top 5 holdings of Prem Watsa

  1. JOHNSON & JOHNSON (JNJ) - 6,884,300 shares, 16.78% of the total portfolio.
  2. ABITIBIBOWATER (ABH) - 13,234,217 shares, 12.35% of the total portfolio. Shares added by 10000%
  3. Dell Inc. (DELL) - 22,702,389 shares, 12.11% of the total portfolio. Shares reduced by 0.5%
  4. FRONTIER COMMUNICATIONS CORP. (FTR) - 18,620,000 shares, 7.14% of the total portfolio.
  5. INTERNATIONAL COAL GROUP INC. (ICO) - 22,577,788 shares, 6.89% of the total portfolio. Shares reduced by 50%


Added: Sandridge Energy Inc. (SD)

Prem Watsa added to his holdings in Sandridge Energy Inc. by 442.65%. His purchase prices were between $5.14 and $7.4, with an estimated average price of $5.81. The impact to his portfolio due to this purchase was 5%. His holdings were 21,307,600 shares as of 12/31/2010.

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 $3.46 billion; its shares were traded at around $8.53 with a P/E ratio of 27.52 and P/S ratio of 5.85.

New Purchase: Abitibibowater (ABH)

Prem Watsa initiated holdings in Abitibibowater. His purchase prices were between $22.95 and $23.85, with an estimated average price of $23.55. The impact to his portfolio due to this purchase was 12.35%. His holdings were 13,234,217 shares as of 12/31/2010.

AbitibiBowater Inc is engaged in the production of newsprint and coated and specialty papers. Abitibibowater has a market cap of $1.61 billion; its shares were traded at around $29.49 .

New Purchase: Exco Resources Inc. (XCO)

Prem Watsa initiated holdings in Exco Resources Inc.. His purchase prices were between $13.88 and $19.51, with an estimated average price of $17.5. The impact to his portfolio due to this purchase was 0.5%. His holdings were 659,000 shares as of 12/31/2010.

EXCO Resources, Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploitation of onshore North American oil and natural gas properties. Exco Resources Inc. has a market cap of $4.28 billion; its shares were traded at around $20.18 with and P/S ratio of 7.31. The dividend yield of Exco Resources Inc. stocks is 0.79%.

Reduced: International Coal Group Inc. (ICO)

Prem Watsa reduced to his holdings in International Coal Group Inc. by 50%. His sale prices were between $5.31 and $8.46, with an estimated average price of $6.64. The impact to his portfolio due to this sale was -6.89%. Prem Watsa still held 22,577,788 shares as of 12/31/2010.

ICG is a producer of coal in Northern and Central Appalachia and the Illinois Basin. International Coal Group Inc. has a market cap of $1.9 billion; its shares were traded at around $9.3 with a P/E ratio of 34.44 and P/S ratio of 1.62.

Reduced: Cresud S.a.c.i.f. Y A. (CRESY)

Prem Watsa reduced to his holdings in Cresud S.a.c.i.f. Y A. by 49.01%. His sale prices were between $16.47 and $19.93, with an estimated average price of $18.64. The impact to his portfolio due to this sale was -0.76%. Prem Watsa still held 1,061,790 shares as of 12/31/2010.

CRESUD SA-ADR is involved in the Agriculture Industry. Cresud S.a.c.i.f. Y A. has a market cap of $917.03 million; its shares were traded at around $18.2835 with and P/S ratio of 1.87. The dividend yield of Cresud S.a.c.i.f. Y A. stocks is 1.8%.

About the author:

gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 2.7/5 (9 votes)

Comments

kfh227
Kfh227 premium member - 3 years ago


Bought more SD. Interesting.

Please leave your comment:


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