Great investors · Prem Watsa · Q3 2024
What Prem Watsa bought and sold in Q3 2024
Fairfax Financial 13F portfolio as of Sep 30, 2024: 31 positions worth $1.1 bn. Largest: OXY, ORLA, Kennedy-Wilson Holdings, BB. Filed with the SEC on Nov 14, 2024.
The 13F is filed by Fairfax Financial, not by Prem Watsa personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q3 2024
- NewKraft HeinzKHC+2.2 pp
- IncreasedUnder ArmourUAA+1.6 pp
Sells in Q3 2024
- Sold outVanguard S&P 500 ETFVOO−4.0 pp
- Sold outFranklin ResourcesBEN−1.9 pp
- Sold outAlibaba Group HoldingBABA−1.8 pp
- Sold outMeta PlatformsMETA−0.5 pp
6 companies with material moves, out of 16 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Fairfax Financial's Q3 2024 13F lists 31 lines of US-listed securities worth $1.1 bn; the largest is OXY at 28.2% of the portfolio. It was accepted by the SEC on Nov 14, 2024 at 6:05 AM ET.
Against the previous quarter, it opened 2 positions (KHC and ATS), closed 9 (VOO, BEN, BABA and META and 5 more), added to 4 (UAA, MU, ORLA and FNV) and trimmed 1 (ATHM). 24 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Occidental Petroleum OXY | 6.0 M | $310M | 28.2% | no change |
| 2 | ORLA Mining ORLA | 56.8 M | $226M | 20.5% | +2.1% |
| 3 | Kennedy-Wilson Holdings | 13.3 M | $147M | 13.4% | no change |
| 4 | BlackBerry BB | 46.7 M | $122M | 11.1% | no change |
| 5 | Under Armour UAA | 6.3 M | $56.2M | 5.11% | +49% |
| 6 | Alphabet GOOGL | 274,620 | $45.6M | 4.14% | no change |
| 7 | Kraft Heinz KHC | 750,000 | $26.3M | 2.39% | new |
| 8 | Taiwan Semiconductor Manufacturing TSM | 141,700 | $24.6M | 2.24% | no change |
| 9 | Merck MRK | 172,900 | $19.6M | 1.79% | no change |
| 10 | Helmerich & Payne HP | 555,105 | $16.9M | 1.54% | no change |
| 11 | General Motors GM | 375,965 | $16.9M | 1.53% | no change |
| 12 | Bank of Nova Scotia BNS | 289,100 | $15.8M | 1.43% | no change |
| 13 | Pfizer PFE | 460,900 | $13.3M | 1.21% | no change |
| 14 | Johnson & Johnson JNJ | 73,400 | $11.9M | 1.08% | no change |
| 15 | Capri Holdings CPRI | 202,100 | $8.6M | 0.78% | no change |
| 16 | Micron Technology MU | 80,000 | $8.3M | 0.75% | +100% |
| 17 | Intel INTC | 190,000 | $4.5M | 0.41% | no change |
| 18 | Colliers International Group CIGI | 25,000 | $3.8M | 0.35% | no change |
| 19 | KKR KKR | 23,500 | $3.1M | 0.28% | no change |
| 20 | Restaurant Brands International QSR | 42,000 | $3.0M | 0.27% | no change |
| 21 | Gentex GNTX | 85,000 | $2.5M | 0.23% | no change |
| 22 | Garrett Motion GTX | 285,760 | $2.3M | 0.21% | no change |
| 23 | Franco Nevada FNV | 16,800 | $2.1M | 0.19% | +22% |
| 24 | TFI International TFII | 13,300 | $1.8M | 0.17% | no change |
| 25 | Autohome ATHM | 54,000 | $1.8M | 0.16% | −42% |
| 26 | ATS ATS | 56,700 | $1.6M | 0.15% | new |
| 27 | MGM Resorts International MGM | 29,500 | $1.2M | 0.10% | no change |
| 28 | Berkshire Hathaway BRK/A | 1 | $690K | 0.06% | no change |
| 29 | Magnachip Semiconductor MX | 125,000 | $583K | 0.05% | no change |
| 30 | Tegna TGNA | 32,000 | $505K | 0.05% | no change |
| 31 | Xeris Biopharma Holdings XERS | 170,937 | $485K | 0.04% | no change |
Positions it closed (9)
- Vanguard Index Fds VOOwas 4.02% · 95,000 shares
- Franklin Resources BENwas 1.89% · 1.0 M shares
- Alibaba Group Holding BABAwas 1.78% · 292,800 shares
- Meta Platforms METAwas 0.55% · 12,800 shares
- Spirit AeroSystems Holdings was 0.42% · 152,000 shares
- BRP DOOwas 0.11% · 21,200 shares
- Liberty Broadband LBRDKwas 0.07% · 14,780 shares
- TXNM Energy TXNMwas 0.05% · 17,000 shares
- United States Steel was 0.03% · 8,900 shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Fairfax Financial's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.