Prem Watsa recently filed their 13F report for the third quarter of 2022, which ended on 2022-09-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
Prem Watsa (Trades, Portfolio) was born on Aug. 5, 1950. His parents were originally from the small Christian community in the southern city of Mangalore, India. 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."
Watsa's Fairfax Financial is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.
Fairfax's corporate objective is to achieve a high rate of return on invested capital and build long-term shareholder value. Fairfax seeks to differentiate itself by combining disciplined underwriting with the investment of its assets on a total return basis, which Fairfax believes provides above-average returns over the long-term.
As of the latest 13F report, the guru’s equity portfolio contained 72 stocks valued at a total of $3.55Bil. The top holdings were ATCO(49.18%), RFP(17.23%), and BB(6.19%).
According to GuruFocus data, these were Prem Watsa (Trades, Portfolio)’s top five trades of the quarter.
Micron Technology Inc
During the quarter, Prem Watsa (Trades, Portfolio) bought 2,768,649 shares of NAS:MU for a total holding of 3,462,049. The trade had a 3.91% impact on the equity portfolio. During the quarter, the stock traded for an average price of $58.
On 11/14/2022, Micron Technology Inc traded for a price of $62.595 per share and a market cap of $67.47Bil. The stock has returned -19.16% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Micron Technology Inc has a price-earnings ratio of 8.03, a price-book ratio of 1.36, a price-earnings-to-growth (PEG) ratio of 1.83, a EV-to-Ebitda ratio of 3.89 and a price-sales ratio of 2.26.
The price-to-GF Value ratio is 0.79, earning the stock a GF Value rank of 9.
Orla Mining Ltd
The guru established a new position worth 10,219,650 shares in AMEX:ORLA, giving the stock a 0.92% weight in the equity portfolio. Shares traded for an average price of $3.07 during the quarter.
On 11/14/2022, Orla Mining Ltd traded for a price of $3.58 per share and a market cap of $1.06Bil. The stock has returned -18.21% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 2 out of 10.
In terms of valuation, Orla Mining Ltd has a price-earnings ratio of 451.88, a price-book ratio of 4.30, a EV-to-Ebitda ratio of 41.62 and a price-sales ratio of 10.58.
Bank of America Corp
During the quarter, Prem Watsa (Trades, Portfolio) bought 531,771 shares of NYSE:BAC for a total holding of 3,101,000. The trade had a 0.45% impact on the equity portfolio. During the quarter, the stock traded for an average price of $33.43.
On 11/14/2022, Bank of America Corp traded for a price of $37.995 per share and a market cap of $303.69Bil. The stock has returned -17.49% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, Bank of America Corp has a price-earnings ratio of 11.98, a price-book ratio of 1.26, a price-earnings-to-growth (PEG) ratio of 2.22 and a price-sales ratio of 3.35.
The price-to-GF Value ratio is 0.95, earning the stock a GF Value rank of 6.
H&R Block Inc
Prem Watsa (Trades, Portfolio) reduced their investment in NYSE:HRB by 85,875 shares. The trade had a 0.11% impact on the equity portfolio. During the quarter, the stock traded for an average price of $42.32.
On 11/14/2022, H&R Block Inc traded for a price of $40.2725 per share and a market cap of $6.25Bil. The stock has returned 68.90% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, H&R Block Inc has a price-earnings ratio of 12.38, a price-earnings-to-growth (PEG) ratio of 17.47, a EV-to-Ebitda ratio of 9.12 and a price-sales ratio of 1.92.
The price-to-GF Value ratio is 1.37, earning the stock a GF Value rank of 1.
Crescent Capital BDC Inc
Prem Watsa (Trades, Portfolio) reduced their investment in NAS:CCAP by 137,278 shares. The trade had a 0.07% impact on the equity portfolio. During the quarter, the stock traded for an average price of $16.87.
On 11/14/2022, Crescent Capital BDC Inc traded for a price of $13.92 per share and a market cap of $427.86Mil. The stock has returned -25.48% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 4 out of 10.
In terms of valuation, Crescent Capital BDC Inc has a price-earnings ratio of 16.49, a price-book ratio of 0.69 and a price-sales ratio of 12.84.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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