Prem Watsa (Trades, Portfolio) Buys IBM, Bally Technologies, Rayonier Advanced Materials, Sells Idenix Pharmaceuticals, Questcor Pharmaceuticals, Susser Holdings
Prem Watsa (Trades, Portfolio) of Fairfax Financial (TSX:FFH, Financial) just reported his third quarter portfolio. Prem Watsa (Trades, Portfolio) bought Fairfax for less than $10 million and has built it into a insurance giant with annual revenue of more than $10 billion. His investment idols are Ben Graham and Sir John Templeton.
Prem Watsa (Trades, Portfolio) buys more IBM during the third quarter. IBM is also a large holding of Warren Buffett (Trades, Portfolio). The company has suffered some hiccups lately. Prem Watsa (Trades, Portfolio) also buys Bally Technologies Inc, Rayonier Advanced Materials Inc, Precision Castparts Corp, Penn West Petroleum Ltd, Turquoise Hill Resources Ltd, sells Idenix Pharmaceuticals Inc, Questcor Pharmaceuticals Inc, Susser Holdings Corp during the 3-months ended 09/30/2014, according to the most recent filings of his investment company, Fairfax Financial Holdings. As of 09/30/2014, Fairfax Financial Holdings owns 43 stocks with a total value of $1.5 billion. These are the details of the buys and sells.
For the details of Prem Watsa (Trades, Portfolio)'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Prem+Watsa
This is the sector weightings of his portfolio:
| Technology | 45.1% |
| Basic Materials | 30.8% |
| Energy | 13.4% |
| Consumer Cyclical | 3.9% |
| Financial Services | 2.5% |
| Healthcare | 1.2% |
| Communication Services | 0.8% |
| Real Estate | 0.6% |
| Consumer Defensive | 0.6% |
| Industrials | 0.1% |
These are the top 5 holdings of Prem Watsa (Trades, Portfolio)
1. BlackBerry Ltd (BBRY) - 46,654,700 shares, 31.4% of the total portfolio.
2. Resolute Forest Products Inc (RFP) - 29,044,012 shares, 30.7% of the total portfolio.
3. International Business Machines Corp (IBM) - 1,068,100 shares, 13.7% of the total portfolio. Shares added by 88908.3%
4. SandRidge Energy Inc (SD) - 32,463,200 shares, 9.4% of the total portfolio.
5. EXCO Resources Inc (XCO) - 17,538,912 shares, 3.9% of the total portfolio.
New Purchase: Bally Technologies Inc (BYI, Financial)
Prem Watsa (Trades, Portfolio) initiated holdings in Bally Technologies Inc. His purchase prices were between $59.61 and $81.01, with an estimated average price of $72.8. The impact to his portfolio due to this purchase was 0.12%. His holdings were 21,400 shares as of 09/30/2014.
New Purchase: Rayonier Advanced Materials Inc (RYAM, Financial)
Prem Watsa (Trades, Portfolio) initiated holdings in Rayonier Advanced Materials Inc. His purchase prices were between $29.05 and $43.63, with an estimated average price of $35. The impact to his portfolio due to this purchase was 0.03%. His holdings were 12,700 shares as of 09/30/2014.
New Purchase: Precision Castparts Corp (PCP, Financial)
Prem Watsa (Trades, Portfolio) initiated holdings in Precision Castparts Corp. His purchase prices were between $228.5 and $259.51, with an estimated average price of $242.8. The impact to his portfolio due to this purchase was 0.02%. His holdings were 1,000 shares as of 09/30/2014.
New Purchase: Turquoise Hill Resources Ltd (TRQ, Financial)
Prem Watsa (Trades, Portfolio) initiated holdings in Turquoise Hill Resources Ltd. His purchase prices were between $3.28 and $3.99, with an estimated average price of $3.52. The impact to his portfolio due to this purchase was 0.01%. His holdings were 50,500 shares as of 09/30/2014.
Sold Out: Idenix Pharmaceuticals Inc (IDIX, Financial)
Prem Watsa (Trades, Portfolio) sold out his holdings in Idenix Pharmaceuticals Inc. His sale prices were between $23.86 and $24.5, with an estimated average price of $24.21.
Sold Out: Questcor Pharmaceuticals Inc (QCOR, Financial)
Prem Watsa (Trades, Portfolio) sold out his holdings in Questcor Pharmaceuticals Inc. His sale prices were between $89.41 and $96.93, with an estimated average price of $93.2.
Sold Out: Susser Holdings Corp (SUSS, Financial)
Prem Watsa (Trades, Portfolio) sold out his holdings in Susser Holdings Corp. His sale prices were between $79.51 and $81.98, with an estimated average price of $80.83.
Added: International Business Machines Corp (IBM, Financial)
Prem Watsa (Trades, Portfolio) added to his holdings in International Business Machines Corp by 88908.3%. His purchase prices were between $184.3 and $195.78, with an estimated average price of $190.65. The impact to his portfolio due to this purchase was 13.68%. His holdings were 1,068,100 shares as of 09/30/2014.
Added: Penn West Petroleum Ltd (PWE, Financial)
Prem Watsa (Trades, Portfolio) added to his holdings in Penn West Petroleum Ltd by 118.24%. His purchase prices were between $6.86 and $9.71, with an estimated average price of $7.87. The impact to his portfolio due to this purchase was 0.01%. His holdings were 34,700 shares as of 09/30/2014.
Here is the complete portfolio of Prem Watsa. Also check out:
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3. Prem Watsa's High Yield stocks
4. Stocks that Prem Watsa keeps buying
