GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

New Picks from Prem Watsa: INMD, JAKK, PBNY, TWN, Adds to RIMM

alicet236

GuruFocus

333 followers
This is the latest portfolio update for Prem Watsa, the CEO of Fairfax Financial. Mr. Watsa is a fan of Ben Graham and he loves to buy companies that are undervalued. He usually buys into a position, and adds to it if the price declines. This average down technique is the secret of his success, according to his shareholder letter. To understand more how he invests, read GuruFocus Interview with Fairfax CEO Prem Watsa. Averaging down is exactly what he did with Research-In-Motion (RIMM). He continues to add to this position as the stock price lost more than 90% over the past 5 years. He did also bought into new positions in Integramed America, Jakks, New York Community Bancorp, Provident New York Bancorp etc. during the 3-months ended 06/30/2012, according to the most recent filings of his investment company, Fairfax Financial Holdings. His largest positions are in Johnson & Johnson (JNJ) and Level 3 (LVLT).

As of 06/30/2012, Fairfax Financial Holdings owns 46 stocks with a total value of $1.9 billion. These are the details of the buys and sells.

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:

Financials 25.3%
Health Care 21.5%
Telecom 19.3%
Technology 16.3%
Industrials 7.1%
Consumer Services 2.3%
Oil & Gas 1.8%
Not Assigned 0.7%
Consumer Goods 0.4%


These are the top 5 holdings of Prem Watsa

  1. Johnson & Johnson (JNJ) - 5,947,300 shares, 21.1% of the total portfolio.
  2. Level 3 Communications, Inc. (LVLT) - 12,931,094 shares, 15.0% of the total portfolio.
  3. Resolute Forest Products Inc (RFP) - 18,460,790 shares, 11.2% of the total portfolio. New Position
  4. Research In Motion Limited (USA) (RIMM) - 26,848,500 shares, 10.4% of the total portfolio.
  5. U.S. Bancorp (USB) - 4,448,310 shares, 7.5% of the total portfolio.


New Purchase: Integramed America, Incorporation. (INMD)

Prem Watsa initiated holdings in Integramed America, Incorporation.. His purchase prices were between $10.55 and $13.84, with an estimated average price of $12.69. The impact to his portfolio due to this purchase was 0.02%. His holdings were 33,000 shares as of 06/30/2012.

New Purchase: Jakks Pacific, Inc. (JAKK)

Prem Watsa initiated holdings in Jakks Pacific, Inc.. His purchase prices were between $16.12 and $19.13, with an estimated average price of $18.18. The impact to his portfolio due to this purchase was 0.01%. His holdings were 10,301 shares as of 06/30/2012.

New Purchase: Provident New York Bancorp (PBNY)

Prem Watsa initiated holdings in Provident New York Bancorp. His purchase prices were between $7.26 and $8.75, with an estimated average price of $7.89. The impact to his portfolio due to this purchase was 0.01%. His holdings were 25,000 shares as of 06/30/2012.

New Purchase: Taiwan Fund Inc. (the) (TWN)

Prem Watsa initiated holdings in Taiwan Fund Inc. (the). His purchase prices were between $14.28 and $16.7, with an estimated average price of $15.57. The impact to his portfolio due to this purchase was 0.01%. His holdings were 11,438 shares as of 06/30/2012.

Sold Out: Motorola Mobility Holdings Inc (MMI)

Prem Watsa sold out his holdings in Motorola Mobility Holdings Inc. His sale prices were between $38.31 and $39.99, with an estimated average price of $38.99.

Added: New York Community Bancorp, Inc. (NYB)

Prem Watsa added to his holdings in New York Community Bancorp, Inc. by 33.33%. His purchase prices were between $11.56 and $13.83, with an estimated average price of $12.79. The impact to his portfolio due to this purchase was 0.01%. His holdings were 40,000 shares as of 06/30/2012.

Added: Research In Motion Limited (usa) (RIMM)

Prem Watsa added to his holdings in Research In Motion Limited (usa) by 93.14%. The impact to his portfolio due to this purchase was 8.05%. His holdings were 51,854,700 shares as of 06/30/2012.

Reduced: Newmarket Corporation (NEU)

Prem Watsa reduced to his holdings in Newmarket Corporation by 50%. His sale prices were between $183.05 and $228.58, with an estimated average price of $205.03. The impact to his portfolio due to this sale was -0.01%. Prem Watsa still held 1,000 shares as of 06/30/2012.

Here is the complete portfolio of Prem Watsa. Also check out the Undervalued Stocks, Top Growth Companies, and High Yield stocks of Prem Watsa.


Rating: 3.4/5 (7 votes)

Comments

Adib Motiwala
Adib Motiwala - 1 year ago
Interesting. TWN and JAKK both had tender offers in the previous quarter. Motiwala Capital participated in both those tenders. I wonder if he bought ahead of the tender and the shares left are the ones were not accepted in the tender offer.

JAKK bought back 15% of shares in the tender and Taiwan Fund (TWN) bought back 60% of their shares in the tender.

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide