Fairfax Financial was one of the few companies that benefited from the financial crisis we just experienced. The company saw its profit soared, thanks to its CEO Prem Watsa, who earned the title of the Investment Guru of 2008. This is the Q2 portfolio of Fairfax. apparently he is discriminative among drug companies.
Prem Watsa buys Newmarket Corp., Merck & Co. Inc., Mohawk Industries Inc., sells Sanofiaventis, I D T Corp, Glaxosmithkline Plc during the 3-months ended 06/30/2009, according to the most recent filings of his investment company, Fairfax Financial Holdings, Inc.. Prem Watsa owns 44 stocks with a total value of $5 billion. These are the details of the buys and sells.
New Purchases: MHK, MRK, NEU,
Added Positions: DELL, GE, NYB, SD,
Reduced Positions: PFE,
Sold Out: GSK, IDT-C, SNY,
For the details of Prem Watsa's stock buys and sells, go to the Link Here
This is the sector weightings of Prem Watsa's portfolio:
These are the top 5 holdings of Prem Watsa
Added: Dell Inc. (DELL, Financial)
Prem Watsa added to his holdings in Dell Inc. by 45.7%. His purchase prices were between $10.76 and $13.68, with an estimated average price of $11.8. The impact to his portfolio due to this purchase was 2.98%. His holdings were 34,763,489 shares as of 06/30/2009.
Dell Inc. is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. Dell through its direct business model designs manufactures and customizes products and services to customer requirements and offers an extensive selection of software and peripherals. Dell Inc. has a market cap of $27.22 billion; its shares were traded at around $13.93 with a P/E ratio of 11.3 and P/S ratio of 0.4. Dell Inc. had an annual average earning growth of 10.7% over the past 10 years. GuruFocus rated Dell Inc. the business predictability rank of 3.5-star.
Added: General Electric Company (GE, Financial)
Prem Watsa added to his holdings in General Electric Company by 79.15%. His purchase prices were between $11.24 and $14.41, with an estimated average price of $12.7. The impact to his portfolio due to this purchase was 1.88%. His holdings were 18,312,770 shares as of 06/30/2009.
General Electric is one of the largest and most diversified industrial corporations in the world. GE is engaged in developing manufacturing and marketing a wide variety of products for the generation transmission distribution control and utilization of electricity. Some of GE's products include major appliances; lighting products; industrial automation products; medical diagnostic imaging equipment; motors; electrical distribution and control equipment; locomotives; power generation and delivery products. General Electric Company has a market cap of $141.48 billion; its shares were traded at around $13.36 with a P/E ratio of 9.6 and P/S ratio of 0.8. The dividend yield of General Electric Company stocks is 3%. General Electric Company had an annual average earning growth of 12.7% over the past 10 years. GuruFocus rated General Electric Company the business predictability rank of 3.5-star.
Added: Sandridge Energy Inc (SD, Financial)
Prem Watsa added to his holdings in Sandridge Energy Inc by 40.76%. His purchase prices were between $8.08 and $11.11, with an estimated average price of $9.7. The impact to his portfolio due to this purchase was 0.06%. His holdings were 1,240,900 shares as of 06/30/2009.
SandRidge Energy Inc. is an oil and natural gas company headquartered in Oklahoma City with its principal focus on exploration and production. SandRidge also owns and operates drilling rigs and a related oil field services business operating under the Lariat Services Inc. brand name; gas gathering marketing and processing facilities; and through its subsidiary PetroSource Energy Company CO2 treating and transportation facilities and tertiary oil recovery operations. SandRidge focuses its exploration and production activities in West Texas the Cotton Valley Trend in East Texas and the Gulf Coast. SandRidge also owns oil and gas properties in the Piceance Basin of Colorado the Gulf of Mexico and the Anadarko and Arkoma Basins. Sandridge Energy Inc has a market cap of $2.11 billion; its shares were traded at around $11.61 with a P/E ratio of 15.9 and P/S ratio of 1.8.
Added: New York Community Bancorp Inc. (NYB, Financial)
Prem Watsa added to his holdings in New York Community Bancorp Inc. by 25%. His purchase prices were between $9.8 and $11.75, with an estimated average price of $10.6. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 25,000 shares as of 06/30/2009.
New York Community Bancorp Inc. is a leading producer of multi-family loans in New York City with an emphasis on apartment buildings that feature below-market rents. The Company has two bank subsidiaries: New York Community Bank with 178 branches serving customers throughout Metro New York and New Jersey; and New York Commercial Bank with 36 branches serving customers in Manhattan Queens Brooklyn Long Island and Westchester County in New York. Reflecting its growth through a series of acquisitions the Community Bank operates through five local divisions: Queens County Savings Bank in Queens Roslyn Savings Bank on Long Island Richmond County Savings Bank on Staten Island Roosevelt Savings Bank in Brooklyn and Garden State Community Bank in New Jersey. Similarly the Commercial Bank operates 17 of its branches under the name Atlantic Bank. New York Community Bancorp Inc. has a market cap of $3.75 billion; its shares were traded at around $10.86 with a P/E ratio of 10.4 and P/S ratio of 2.3. The dividend yield of New York Community Bancorp Inc. stocks is 9.2%. New York Community Bancorp Inc. had an annual average earning growth of 20.5% over the past 10 years. GuruFocus rated New York Community Bancorp Inc. the business predictability rank of 2.5-star.
New Purchase: Newmarket Corp. (NEU, Financial)
Prem Watsa initiated holdings in Newmarket Corp.. His purchase prices were between $48.16 and $77.4, with an estimated average price of $64.8. The impact to his portfolio due to this purchase was 0.01%. His holdings were 4,000 shares as of 06/30/2009.
Ethyl Corporation develops manufactures blends and delivers leading-edge additive technology for fuels and lubricants around the world. The company's products and services provide the chemistry that makes fuels burn cleaner engines run smoother and machines last longer. The companymanufactures complex custom formulated chemical technology at high utilization operating some of the most efficient specialty chemical plants in the industry. The company pursue operational excellence by focusing on Responsible Care quality improvement and asset management. Newmarket Corp. has a market cap of $1.11 billion; its shares were traded at around $73.24 with a P/E ratio of 10.9 and P/S ratio of 0.7. The dividend yield of Newmarket Corp. stocks is 1.4%. Newmarket Corp. had an annual average earning growth of 66.3% over the past 5 years.
New Purchase: Merck & Co. Inc. (MRK, Financial)
Prem Watsa initiated holdings in Merck & Co. Inc.. His purchase prices were between $23.13 and $27.2, with an estimated average price of $25.5. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 8,000 shares as of 06/30/2009.
Merck & Co. Inc. is a global research-driven pharmaceutical company dedicated to putting patients first. Established in 1891 Merck discovers develops manufactures and markets vaccines and medicines to address unmet medical needs. The company devotes extensive efforts to increase access to medicines through far-reaching programs that not only donate Merck medicines but help deliver them to the people who need them. Merck also publishes unbiased health information as a not-for-profit service. Merck & Co. Inc. has a market cap of $65.12 billion; its shares were traded at around $30.88 with a P/E ratio of 9.5 and P/S ratio of 2.7. The dividend yield of Merck & Co. Inc. stocks is 4.9%.
New Purchase: Mohawk Industries Inc. (MHK, Financial)
Prem Watsa initiated holdings in Mohawk Industries Inc.. His purchase prices were between $32.72 and $49, with an estimated average price of $40. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 5,800 shares as of 06/30/2009.
Mohawk Industries Inc. is one of the leading producers of woven and tufted broadloom carpet and rugs for principally residential applications.The company designs manufactures and markets carpet and rugs in a broad range of colors textures and patterns. The company is widely recognized through its premier brand names some of which are Mohawk Aladdin American Rug Craftsmen American Weavers Bigelow and Custom Weave. Mohawk Industries Inc. has a market cap of $3.09 billion; its shares were traded at around $45.14 with a P/E ratio of 76.5 and P/S ratio of 0.5. Mohawk Industries Inc. had an annual average earning growth of 13.5% over the past 10 years. GuruFocus rated Mohawk Industries Inc. the business predictability rank of 4.5-star.
Reduced: Pfizer Inc (PFE, Financial)
Prem Watsa reduced to his holdings in Pfizer Inc by 98.52%. His sale prices were between $12.89 and $15.04, with an estimated average price of $14.3. The impact to his portfolio due to this sale was -0.07%. Prem Watsa still held 241,300 shares as of 06/30/2009.
Pfizer Inc is a research-based global pharmaceutical company that discovers and develops innovative value-added products that improve the quality of life of people around the world and help them enjoy longer healthier and more productive lives. Pfizer has three business segments: health care animal health and consumer health care. Its products are available in numerous countries. (Company Press Release) Pfizer Inc has a market cap of $107.16 billion; its shares were traded at around $15.88 with a P/E ratio of 6.9 and P/S ratio of 2.2. The dividend yield of Pfizer Inc stocks is 4%. Pfizer Inc had an annual average earning growth of 11% over the past 10 years. GuruFocus rated Pfizer Inc the business predictability rank of 2.5-star.
Sold Out: Glaxosmithkline Plc (GSK, Financial)
Prem Watsa sold out his holdings in Glaxosmithkline Plc. His sale prices were between $28.6 and $36.12, with an estimated average price of $32.1.
GlaxoSmithKline is one of the world's leading research based pharmaceutical and healthcare companies and is committed to improving the quality of human life by enabling people to do more feel better and live longer. They also have leadership in four major therapeutic areas: anti-infectives central nervous system (CNS) respiratory and gastro-intestinal/metabolic. Glaxosmithkline Plc has a market cap of $99.23 billion; its shares were traded at around $38.25 with a P/E ratio of 10.9 and P/S ratio of 2.3. The dividend yield of Glaxosmithkline Plc stocks is 4.8%. Glaxosmithkline Plc had an annual average earning growth of 8.4% over the past 10 years. GuruFocus rated Glaxosmithkline Plc the business predictability rank of 3-star.
Sold Out: I D T Corp (IDT-C)
Prem Watsa sold out his holdings in I D T Corp. His sale prices were between $1.16 and $1.53, with an estimated average price of $1.3.
IDT Corporation is a leading facilities-based emerging multinational carrier that provides a broad range of telecommunications services to wholesale and retail customers worldwide. The company offers integrated and competitively priced international and domestic long distance telecommunications service and Internet access. The company's telecommunications services include wholesale carrier services prepaid calling cards international retail services and domestic long distance services. I D T Corp has a market cap of $62 million; its shares were traded at around $2.45 .
Sold Out: Sanofiaventis (SNY, Financial)
Prem Watsa sold out his holdings in Sanofiaventis. His sale prices were between $26.1 and $33.62, with an estimated average price of $29.8.
Sanofi-Synth?labo is a leading global pharmaceutical company. Sanofiaventis has a market cap of $83.46 billion; its shares were traded at around $31.72 with a P/E ratio of 7.3 and P/S ratio of 2. The dividend yield of Sanofiaventis stocks is 3.5%.
Prem Watsa buys Newmarket Corp., Merck & Co. Inc., Mohawk Industries Inc., sells Sanofiaventis, I D T Corp, Glaxosmithkline Plc during the 3-months ended 06/30/2009, according to the most recent filings of his investment company, Fairfax Financial Holdings, Inc.. Prem Watsa owns 44 stocks with a total value of $5 billion. These are the details of the buys and sells.
New Purchases: MHK, MRK, NEU,
Added Positions: DELL, GE, NYB, SD,
Reduced Positions: PFE,
Sold Out: GSK, IDT-C, SNY,
For the details of Prem Watsa's stock buys and sells, go to the Link Here
This is the sector weightings of Prem Watsa's portfolio:
| Technology |  11.8% |
|---|---|
| Financials | 46.4% |
| Telecommunications | 7.6% |
| Consumer Services | 1.8% |
| Health Care | 9.4% |
| Consumer Goods | 9.9% |
| Industrials | 8.8% |
| Basic Materials | 4% |
| Oil & Gas | 0.2% |
These are the top 5 holdings of Prem Watsa
- Odyssey Re Holdings Corp. (ORH) - 37,798,800 shares, 30.02% of the total portfolio
- Wells Fargo & Company (WFC) - 20,028,700 shares, 9.66% of the total portfolio
- Dell Inc. (DELL) - 34,763,489 shares, 9.49% of the total portfolio
- Johnson & Johnson (JNJ) - 6,884,300 shares, 7.77% of the total portfolio
- U.S. Bancorp (USB) - 15,870,900 shares, 5.65% of the total portfolio
Added: Dell Inc. (DELL, Financial)
Prem Watsa added to his holdings in Dell Inc. by 45.7%. His purchase prices were between $10.76 and $13.68, with an estimated average price of $11.8. The impact to his portfolio due to this purchase was 2.98%. His holdings were 34,763,489 shares as of 06/30/2009.
Dell Inc. is a premier provider of products and services required for customers worldwide to build their information-technology and Internet infrastructures. Dell through its direct business model designs manufactures and customizes products and services to customer requirements and offers an extensive selection of software and peripherals. Dell Inc. has a market cap of $27.22 billion; its shares were traded at around $13.93 with a P/E ratio of 11.3 and P/S ratio of 0.4. Dell Inc. had an annual average earning growth of 10.7% over the past 10 years. GuruFocus rated Dell Inc. the business predictability rank of 3.5-star.
Added: General Electric Company (GE, Financial)
Prem Watsa added to his holdings in General Electric Company by 79.15%. His purchase prices were between $11.24 and $14.41, with an estimated average price of $12.7. The impact to his portfolio due to this purchase was 1.88%. His holdings were 18,312,770 shares as of 06/30/2009.
General Electric is one of the largest and most diversified industrial corporations in the world. GE is engaged in developing manufacturing and marketing a wide variety of products for the generation transmission distribution control and utilization of electricity. Some of GE's products include major appliances; lighting products; industrial automation products; medical diagnostic imaging equipment; motors; electrical distribution and control equipment; locomotives; power generation and delivery products. General Electric Company has a market cap of $141.48 billion; its shares were traded at around $13.36 with a P/E ratio of 9.6 and P/S ratio of 0.8. The dividend yield of General Electric Company stocks is 3%. General Electric Company had an annual average earning growth of 12.7% over the past 10 years. GuruFocus rated General Electric Company the business predictability rank of 3.5-star.
Added: Sandridge Energy Inc (SD, Financial)
Prem Watsa added to his holdings in Sandridge Energy Inc by 40.76%. His purchase prices were between $8.08 and $11.11, with an estimated average price of $9.7. The impact to his portfolio due to this purchase was 0.06%. His holdings were 1,240,900 shares as of 06/30/2009.
SandRidge Energy Inc. is an oil and natural gas company headquartered in Oklahoma City with its principal focus on exploration and production. SandRidge also owns and operates drilling rigs and a related oil field services business operating under the Lariat Services Inc. brand name; gas gathering marketing and processing facilities; and through its subsidiary PetroSource Energy Company CO2 treating and transportation facilities and tertiary oil recovery operations. SandRidge focuses its exploration and production activities in West Texas the Cotton Valley Trend in East Texas and the Gulf Coast. SandRidge also owns oil and gas properties in the Piceance Basin of Colorado the Gulf of Mexico and the Anadarko and Arkoma Basins. Sandridge Energy Inc has a market cap of $2.11 billion; its shares were traded at around $11.61 with a P/E ratio of 15.9 and P/S ratio of 1.8.
Added: New York Community Bancorp Inc. (NYB, Financial)
Prem Watsa added to his holdings in New York Community Bancorp Inc. by 25%. His purchase prices were between $9.8 and $11.75, with an estimated average price of $10.6. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 25,000 shares as of 06/30/2009.
New York Community Bancorp Inc. is a leading producer of multi-family loans in New York City with an emphasis on apartment buildings that feature below-market rents. The Company has two bank subsidiaries: New York Community Bank with 178 branches serving customers throughout Metro New York and New Jersey; and New York Commercial Bank with 36 branches serving customers in Manhattan Queens Brooklyn Long Island and Westchester County in New York. Reflecting its growth through a series of acquisitions the Community Bank operates through five local divisions: Queens County Savings Bank in Queens Roslyn Savings Bank on Long Island Richmond County Savings Bank on Staten Island Roosevelt Savings Bank in Brooklyn and Garden State Community Bank in New Jersey. Similarly the Commercial Bank operates 17 of its branches under the name Atlantic Bank. New York Community Bancorp Inc. has a market cap of $3.75 billion; its shares were traded at around $10.86 with a P/E ratio of 10.4 and P/S ratio of 2.3. The dividend yield of New York Community Bancorp Inc. stocks is 9.2%. New York Community Bancorp Inc. had an annual average earning growth of 20.5% over the past 10 years. GuruFocus rated New York Community Bancorp Inc. the business predictability rank of 2.5-star.
New Purchase: Newmarket Corp. (NEU, Financial)
Prem Watsa initiated holdings in Newmarket Corp.. His purchase prices were between $48.16 and $77.4, with an estimated average price of $64.8. The impact to his portfolio due to this purchase was 0.01%. His holdings were 4,000 shares as of 06/30/2009.
Ethyl Corporation develops manufactures blends and delivers leading-edge additive technology for fuels and lubricants around the world. The company's products and services provide the chemistry that makes fuels burn cleaner engines run smoother and machines last longer. The companymanufactures complex custom formulated chemical technology at high utilization operating some of the most efficient specialty chemical plants in the industry. The company pursue operational excellence by focusing on Responsible Care quality improvement and asset management. Newmarket Corp. has a market cap of $1.11 billion; its shares were traded at around $73.24 with a P/E ratio of 10.9 and P/S ratio of 0.7. The dividend yield of Newmarket Corp. stocks is 1.4%. Newmarket Corp. had an annual average earning growth of 66.3% over the past 5 years.
New Purchase: Merck & Co. Inc. (MRK, Financial)
Prem Watsa initiated holdings in Merck & Co. Inc.. His purchase prices were between $23.13 and $27.2, with an estimated average price of $25.5. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 8,000 shares as of 06/30/2009.
Merck & Co. Inc. is a global research-driven pharmaceutical company dedicated to putting patients first. Established in 1891 Merck discovers develops manufactures and markets vaccines and medicines to address unmet medical needs. The company devotes extensive efforts to increase access to medicines through far-reaching programs that not only donate Merck medicines but help deliver them to the people who need them. Merck also publishes unbiased health information as a not-for-profit service. Merck & Co. Inc. has a market cap of $65.12 billion; its shares were traded at around $30.88 with a P/E ratio of 9.5 and P/S ratio of 2.7. The dividend yield of Merck & Co. Inc. stocks is 4.9%.
New Purchase: Mohawk Industries Inc. (MHK, Financial)
Prem Watsa initiated holdings in Mohawk Industries Inc.. His purchase prices were between $32.72 and $49, with an estimated average price of $40. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 5,800 shares as of 06/30/2009.
Mohawk Industries Inc. is one of the leading producers of woven and tufted broadloom carpet and rugs for principally residential applications.The company designs manufactures and markets carpet and rugs in a broad range of colors textures and patterns. The company is widely recognized through its premier brand names some of which are Mohawk Aladdin American Rug Craftsmen American Weavers Bigelow and Custom Weave. Mohawk Industries Inc. has a market cap of $3.09 billion; its shares were traded at around $45.14 with a P/E ratio of 76.5 and P/S ratio of 0.5. Mohawk Industries Inc. had an annual average earning growth of 13.5% over the past 10 years. GuruFocus rated Mohawk Industries Inc. the business predictability rank of 4.5-star.
Reduced: Pfizer Inc (PFE, Financial)
Prem Watsa reduced to his holdings in Pfizer Inc by 98.52%. His sale prices were between $12.89 and $15.04, with an estimated average price of $14.3. The impact to his portfolio due to this sale was -0.07%. Prem Watsa still held 241,300 shares as of 06/30/2009.
Pfizer Inc is a research-based global pharmaceutical company that discovers and develops innovative value-added products that improve the quality of life of people around the world and help them enjoy longer healthier and more productive lives. Pfizer has three business segments: health care animal health and consumer health care. Its products are available in numerous countries. (Company Press Release) Pfizer Inc has a market cap of $107.16 billion; its shares were traded at around $15.88 with a P/E ratio of 6.9 and P/S ratio of 2.2. The dividend yield of Pfizer Inc stocks is 4%. Pfizer Inc had an annual average earning growth of 11% over the past 10 years. GuruFocus rated Pfizer Inc the business predictability rank of 2.5-star.
Sold Out: Glaxosmithkline Plc (GSK, Financial)
Prem Watsa sold out his holdings in Glaxosmithkline Plc. His sale prices were between $28.6 and $36.12, with an estimated average price of $32.1.
GlaxoSmithKline is one of the world's leading research based pharmaceutical and healthcare companies and is committed to improving the quality of human life by enabling people to do more feel better and live longer. They also have leadership in four major therapeutic areas: anti-infectives central nervous system (CNS) respiratory and gastro-intestinal/metabolic. Glaxosmithkline Plc has a market cap of $99.23 billion; its shares were traded at around $38.25 with a P/E ratio of 10.9 and P/S ratio of 2.3. The dividend yield of Glaxosmithkline Plc stocks is 4.8%. Glaxosmithkline Plc had an annual average earning growth of 8.4% over the past 10 years. GuruFocus rated Glaxosmithkline Plc the business predictability rank of 3-star.
Sold Out: I D T Corp (IDT-C)
Prem Watsa sold out his holdings in I D T Corp. His sale prices were between $1.16 and $1.53, with an estimated average price of $1.3.
IDT Corporation is a leading facilities-based emerging multinational carrier that provides a broad range of telecommunications services to wholesale and retail customers worldwide. The company offers integrated and competitively priced international and domestic long distance telecommunications service and Internet access. The company's telecommunications services include wholesale carrier services prepaid calling cards international retail services and domestic long distance services. I D T Corp has a market cap of $62 million; its shares were traded at around $2.45 .
Sold Out: Sanofiaventis (SNY, Financial)
Prem Watsa sold out his holdings in Sanofiaventis. His sale prices were between $26.1 and $33.62, with an estimated average price of $29.8.
Sanofi-Synth?labo is a leading global pharmaceutical company. Sanofiaventis has a market cap of $83.46 billion; its shares were traded at around $31.72 with a P/E ratio of 7.3 and P/S ratio of 2. The dividend yield of Sanofiaventis stocks is 3.5%.
