Prem Watsa is known as the Warren Buffett of Canada -- and of course most money managers, in any country, would sign on for Buffett comparisons in a second. For Watsa, the chairman and CEO of Toronto's Fairfax Financial Holdings, there are indeed similarities with the Oracle of Omaha in both style and portfolio holdings.
According to regulatory documents filed Feb. 14, Fairfax held positions in the securities of 40 different companies as of Dec. 31, up from 39 in the quarter that ended Sept. 30. The total number of itemized positions remained at 44, including separate classes of stocks and notes Fairfax holds in the companies in which it invests.
Among other moves, Watsa pared his position in International Coal (ICO) in half, and he sharply increased his stake in SandRidge Energy (SD). He slightly decreased his positions in Dell (DELL) and Wells Fargo (WFC).
The value of Fairfax's portfolio rose to $2.76 billion at year end from $2.27 billion in the prior quarter.
Here are Watsa's largest stock holdings as of Dec. 31, 2010:
• Johnson & Johnson (JNJ)
• AbitibiBowater (ABH)
• Dell (DELL)
• Frontier Communications (FTR)
• International Coal (ICO)
• Kraft Foods (KFT)
• SandRidge Energy (SD)
• Wells Fargo (WFC)
• Level 3 (LVLT)
• Research in Motion (RIMM)
*See the full SEC filing for Prem Watsa's portfolio.
- Prem Watsa
- Fairfax Financial Holdings
- Warren Buffett