Prem Watsa

Prem Watsa

Last Update: 08-11-2017

Number of Stocks: 29
Number of New Stocks: 0

Total Value: $1,129 Mil
Q/Q Turnover: 0%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:
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Prem Watsa Bought 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
XCO EXCO Resources Inc 2017-06-30 Add0.39%$2.85 - $9.3
($6.04)
$ 1.04-83%Add 90.27%3,493,250
BRK.A Berkshire Hathaway Inc 2017-06-30 Add0.02%$242510 - $257320
($249590)
$ 267377.007%Add 16.67%
USG USG Corp 2017-03-31 Add3.03%$28.53 - $34.34
($31.74)
$ 26.31-17%Add 335.77%1,530,522
KW Kennedy-Wilson Holdings Inc 2016-12-31 Add5.89%$20.1 - $22.8
($21.35)
$ 18.80-12%Add 37.60%12,321,921
USB US Bancorp 2016-12-31 Add1.69%$42.66 - $52.54
($47.55)
$ 51.689%Add 1658.62%408,000
USG USG Corp 2016-12-31 Add0.79%$23.92 - $32.19
($27.51)
$ 26.31-4%Add 970.80%351,222
JNJ Johnson & Johnson 2016-12-31 Add0.67%$110.99 - $120.31
($115.51)
$ 132.6315%Add 82.56%151,250
XCO EXCO Resources Inc 2016-12-31 Add0.15%$13.11 - $18.75
($16.03)
$ 1.04-94%Add 7.83%1,835,937
NTES NetEase Inc 2016-12-31 Add0.04%$213.05 - $269.6
($238.65)
$ 270.3413%Add 200.00%3,000
RFP Resolute Forest Products Inc 2016-06-30 Add0.77%$4.81 - $6.72
($5.57)
$ 4.65-17%Add 5.16%30,548,190
HP Helmerich & Payne Inc 2016-03-31 Add0.01%$42.85 - $63.39
($52.67)
$ 43.70-17%Add 0.29%349,974
HP Helmerich & Payne Inc 2015-12-31 Add1.5%$49.28 - $61
($55.5)
$ 43.70-21%Add 6915.96%348,974
XCO EXCO Resources Inc 2015-12-31 Add0.81%$12.75 - $20.4
($16.64)
$ 1.04-94%Add 45.61%1,702,603
LMNS Lumenis Ltd 2015-09-30 Add0.03%$13.45 - $13.94
($13.82)
$ 13.76-0%Add 33.33%100,000
BP BP PLC 2015-09-30 Add0.02%$29.38 - $41.29
($34.83)
$ 34.16-2%Add 50.00%21,000
MBI MBIA Inc 2015-09-30 Add0.02%$5.58 - $7.68
($6.43)
$ 10.1458%Add 50.00%105,000
OVTI OmniVision Technologies Inc 2015-09-30 Add0.02%$22.41 - $26.26
($24.88)
$ 29.3818%Add 50.00%28,500
RYAM Rayonier Advanced Materials Inc 2015-09-30 Add0.02%$6.01 - $15.04
($10.18)
$ 13.9037%Add 75.00%70,000
BBRY BlackBerry Ltd 2015-09-30 Add0.01%$6.02 - $8.02
($7.47)
$ 8.6816%Add 0.05%46,724,700
HP Helmerich & Payne Inc 2015-09-30 Add0.01%$46.5 - $68.01
($56.61)
$ 43.70-23%Add 57.55%4,974
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)
BBRY46,724,700466,167
KW12,321,921234,116
RFP30,548,190132,885
IBM661,900101,820
USG1,530,52244,416
IPI16,666,66737,500
USB408,00021,187
JNJ151,25020,012
HP349,97419,014
PKX191,87912,010
» More Current Portfolio

Prem Watsa's Sector Weightings:


SectorsSector Weightings (%)
Real Estate 20.7% 20.7%
Basic Materials 20.5% 20.5%
Energy 2.5% 2.5%
Financial Services 2.5% 2.5%
Healthcare 2.4% 2.4%
Consumer Defensive 0.8% 0.8%
Technology 0.1% 0.1%
Industrials 0% 0%
Consumer Cyclical 0% 0%
» More Sector Weightings

Prem Watsa's News:

» More Related News


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