Prem Watsa Takes 3 New Small Holdings
In the first quarter, Watsa started three new positions, in Steel Partner Holdings LP (SPLP), Morgan Stanley Asia Pacific Fund Inc. (APF) and Harvest Natural Resources Inc. (HNR).
Steel Partner Holdings LP (SPLP)
Watsa purchased 30,000 shares of his new buy Steel Partner Holdings, giving it just a minor 0.036% position in the portfolio. The first quarter’s average share price for Steel Partner was $17.
Steel Partners Holdings LP is a diversified holding company that engages in multiple businesses through consolidated subsidiaries, associated companies and other interests in various industries including energy, defense, banking, food products, etc. Steel Partner Holdings LP has a market cap of $446.2 million; its shares were traded at around $16.04 with a P/E ratio of 30.0 and P/S ratio of 0.60.
Morgan Stanley Asia Pacific Fund Inc. (APF)
Watsa purchased 24,500 shares of Morgan Stanley Asia Pacific Fund in the first quarter, making up a scant 0.029% of his portfolio. The share price averaged $16 in the first quarter.
Harvest Natural Resources Inc. (HNR)
Last, Watsa as his smallest purchased 100,000 shares of Harvest Natural Resources, a 0.026% portfolio segment. The fourth quarter average price was $4 per share.
Harvest Natural Resources Inc. was incorporated in 1989 under the Delaware law. Harvest Natural Resources Inc. has a market cap of $195.700 million; its shares were traded at around $4.65. Harvest Natural Resources Inc. had an annual average earnings growth of 21.50% over the past five years.
See more of Prem Watsa (Trades, Portfolio)’s first quarter moves in his stock portfolio here. Not a Premium Member of GuruFocus? Try it free for 7 days here!