Prem Watsa

Prem Watsa

Last Update: 11-14-2017

Number of Stocks: 48
Number of New Stocks: 19

Total Value: $1,222 Mil
Q/Q Turnover: 6%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:
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Plans start from as little as $399/year. 7-Day FREE TRIAL

Prem Watsa Latest Trades these stocks:

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)


View:
TickerCompanyDate Action
Impactdown Price Range
(Average)*
Current Price Change from Average Comment Current Shares
IBM International Business Machines Corp 2017-09-30 Reduce-5.19%$139.7 - $155.58
($145.85)
$ 148.972%Reduce -57.52%281,200
USB US Bancorp 2017-09-30 Reduce-1.77%$49.86 - $54.15
($52.31)
$ 51.88-1%Reduce -94.31%23,200
ALR Alere Inc 2017-09-30 Buy 1.52%USD 47.5 - USD 50.74
(USD 49.93)
USD 50.992%New holding365,000
CBI Chicago Bridge & Iron Co NV 2017-09-30 Buy 1.17%$9.78 - $19.31
($15.33)
$ 15.461%New holding850,000
LUK Leucadia National Corp 2017-09-30 Reduce-0.46%$22.27 - $27.09
($25.06)
$ 25.130%Reduce -66.67%100,000
CRAY Cray Inc 2017-09-30 Buy 0.4%USD 17.4 - USD 20.6
(USD 18.91)
USD 20.7510%New holding250,000
AGX Argan Inc 2017-09-30 Buy 0.34%USD 58.95 - USD 66.95
(USD 62.69)
USD 59.30-5%New holding61,000
RPXC RPX Corp 2017-09-30 Buy 0.33%USD 12.34 - USD 14.25
(USD 13.14)
USD 12.80-3%New holding300,000
NWPX Northwest Pipe Co 2017-09-30 Buy 0.28%$14.57 - $19.17
($16.63)
$ 17.183%New holding180,000
PGH Pengrowth Energy Corp 2017-09-30 Buy 0.26%$0.56 - $1.21
($0.72)
$ 0.8924%New holding3,200,000
CRR Carbo Ceramics Inc 2017-09-30 Buy 0.21%$6.12 - $8.79
($7.05)
$ 9.7939%New holding300,000
AP Ampco-Pittsburgh Corp 2017-09-30 Buy 0.19%$13.2 - $18.05
($15.04)
$ 13.55-10%New holding135,000
MYRG MYR Group Inc 2017-09-30 Buy 0.19%$23.12 - $31.97
($27.68)
$ 33.7822%New holding80,000
RAIL FreightCar America Inc 2017-09-30 Buy 0.18%$15.86 - $20.09
($17.58)
$ 15.61-11%New holding110,000
JEC Jacobs Engineering Group Inc 2017-09-30 Buy 0.17%$49.58 - $58.34
($53.98)
$ 58.639%New holding35,000
KLIC Kulicke & Soffa Industries Inc 2017-09-30 Buy 0.17%$18.48 - $22.56
($20.01)
$ 26.8034%New holding96,000
SSYS Stratasys Ltd 2017-09-30 Buy 0.15%$20.95 - $25.11
($23.13)
$ 20.98-9%New holding81,000
GLBL TerraForm Global Inc 2017-09-30 Buy 0.12%$4.7 - $5.1
($4.98)
$ 4.80-4%New holding300,000
KITE Kite Pharma Inc 2017-09-30 Buy 0.09%$101.13 - $179.74
($138.14)
$ 179.7930%New holding6,100
TSM Taiwan Semiconductor Manufacturing Co Ltd 2017-09-30 Buy 0.09%USD 34.5 - USD 38.3
(USD 36.51)
USD 42.0715%New holding29,000
Premium Real Time Picks are included for Premium Members only!!
*The price and date might not be the actual time and price at which the transactions were made. In the case of institutional owners, the date is stated as the last day of their fiscal quarter. The prices are estimates if no accurate information available. Foreign holdings may not be included.
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Prem Watsa's Profile:

Prem Watsa was born on Aug. 5, 1950. His parents were originally from the small Christian community in the southern city of Mangalore.

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."

1985: He met Francis Chou, then worked as a telephone technician at Bell Canada. One day, Francis asked Prem almost casually, "Do you know how Warren Buffett made his money?" Prem thought he knew the answer, but Francis pointed to something he hadn't noticed: insurance float.

He met Steve Markel and set down the terms to buy Markel Financial for $5 million.

1986: Markel Financial was renamed Fairfax Financial. It means "fair, friendly acquisitions."

Book value per share grew from $1.52 in 1985 to $10.5 in 1989, which then grew to $38.89 in 1995.

Fairfax made a series of acquisitions, and assets reached billions.

Fairfax was listed on the NYSE in 2002.

It was attacked by hedge fund shorts including Jim Chanos and Whitney Tilson. The stock price went down 40% to $57 Canadian dollars.

Regarding to shorts, Prem said, "Our one major worry was that people would no longer deal with us. It never used to be that way, but now everybody looks at the stock price to get a sense in confidence in a company."

Fairfax filed a lawsuit against the short-sellers in 2006.

Buy CDS. "We bought our first (CDS) contract in 2003 and our last ones in December 2007. We just keep buying more and more, first five-year, then sever-year, because they were so cheap..." At one investment committee meeting where Prem asked, "What's the best idea we've got?" Francis Chou, who is a pretty shy guy, piped up. "Buy more credit default insurance." In the fall of 2008, Fairfax started to sell its CDS. The company made about $2 billion from those sales.

Watsa removed hedges in 2009.

Ninety percent of his portfolio was hedged as of September 2011.



Prem Watsa's Performance:

Average Annual Return of Fairfax Per Share Book Value
5 Yrs 10 Yrs Since Inception
2.8% 11.3% 20.7%
» More Profile & Performance

Prem Watsa's Current Portfolio:

Ticker Shares Value ($1000)
BB46,724,700521,701
KW12,321,921227,956
RFP30,548,190152,741
IPI16,666,66772,500
USG1,530,52249,972
IBM281,20040,796
JNJ151,25019,661
ALR365,00018,608
HP349,97418,234
CBI850,00014,280
» More Current Portfolio

Prem Watsa's Sector Weightings:


SectorsSector Weightings (%)
Basic Materials 24.3% 24.3%
Real Estate 18.7% 18.7%
Healthcare 3.9% 3.9%
Technology 2.7% 2.7%
Energy 2.1% 2.1%
Financial Services 0.7% 0.7%
Consumer Defensive 0.3% 0.3%
Industrials 0.2% 0.2%
Utilities 0.1% 0.1%
Consumer Cyclical 0% 0%
» More Sector Weightings

Prem Watsa's News:

» More Related News


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