Prem Watsa

Prem Watsa

Last Update: 08-14-2018

Number of Stocks: 33
Number of New Stocks: 6

Total Value: $1,246 Mil
Q/Q Turnover: 3%

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
MDR McDermott International Inc 2018-06-30 Buy 1.03%$16.8 - $22.8
($20.28)
$ 18.46-9%New holding655,400
GE General Electric Co 2018-06-30 Add0.53%$12.75 - $15.29
($13.92)
$ 12.30-12%Add 158.53%799,900
GM General Motors Co 2018-06-30 Buy 0.25%$35.76 - $44.85
($39.32)
$ 36.38-7%New holding80,465
SSW Seaspan Co 2018-06-30 Buy 0.19%$6.69 - $10.18
($8.29)
$ 8.907%New holding231,922
CTL CenturyLink Inc 2018-06-30 Add0.17%$16.29 - $19.6
($18.16)
$ 23.4829%Add 6.06%1,959,100
EVHC Envision Healthcare Corp 2018-06-30 Buy 0.15%$35.83 - $44.78
($41.05)
$ 44.9610%New holding42,000
SHPG Shire PLC 2018-06-30 Buy 0.1%$148.46 - $173.13
($161.32)
$ 170.426%New holding7,400
CALL magicJack VocalTec Ltd 2018-06-30 Buy 0.08%$8.3 - $8.6
($8.44)
$ 8.582%New holding122,450
SBNY Signature Bank 2018-06-30 Add0.06%$125.77 - $140.71
($131.14)
$ 117.54-10%Add 42.86%20,000
AGX Argan Inc 2018-06-30 Add0.03%$35.3 - $43.4
($38.99)
$ 39.100%Add 11.11%100,000
FLR Fluor Corp 2018-06-30 Add0.02%$44.49 - $61.48
($52.42)
$ 56.828%Add 16.67%35,000
KW Kennedy-Wilson Holdings Inc 2018-03-31 Add1.3%$16.15 - $17.95
($17.15)
$ 21.2524%Add 8.12%13,322,009
CTL CenturyLink Inc 2018-03-31 Add0.52%$15.52 - $19.13
($17.36)
$ 23.4835%Add 29.62%1,847,100
GE General Electric Co 2018-03-31 Buy 0.31%$12.89 - $19.02
($15.54)
$ 12.30-21%New holding309,400
ICD Independence Contract Drilling Inc 2018-03-31 Buy 0.1%$3.67 - $5.21
($4.39)
$ 3.79-14%New holding360,000
WGL WGL Holdings Inc 2018-03-31 Buy 0.09%$81.22 - $86.45
($84.03)
$ 88.235%New holding14,000
SCG SCANA Corp 2018-03-31 Buy 0.08%$35.6 - $47.65
($40.07)
$ 38.50-4%New holding30,000
IRBT iRobot Corp 2018-03-31 Buy 0.07%$57.9 - $94.36
($75.26)
$ 94.7726%New holding15,000
AGX Argan Inc 2018-03-31 Add0.05%$37.9 - $46.35
($42.1)
$ 39.10-7%Add 20.00%90,000
KLIC Kulicke & Soffa Industries Inc 2018-03-31 Add0.04%$21.05 - $26.85
($24.09)
$ 25.847%Add 25.00%120,000
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)
BB46,724,700450,420
RFP30,548,190314,646
KW13,322,009281,760
IBM265,70037,118
CTL1,959,10036,518
HP344,00021,933
JNJ146,80017,814
PKX189,00014,009
MDR655,40012,879
GE799,90010,887
» More Current Portfolio

Prem Watsa's Sector Weightings:


SectorsSector Weightings (%)
Basic Materials 26.4% 26.4%
Real Estate 22.6% 22.6%
Communication Services 3% 3%
Technology 2.4% 2.4%
Energy 1.9% 1.9%
Healthcare 1.7% 1.7%
Industrials 1.3% 1.3%
Consumer Cyclical 0.3% 0.3%
Financial Services 0.2% 0.2%
Consumer Defensive 0% 0%
Utilities 0% 0%
» More Sector Weightings

Prem Watsa's News:

» More Related News


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