BlackBerry Ltd (BBRY), International Business Machines Corp. (IBM): Billionaire Prem Watsa’s Picks Deliver Buffett-Like Performance in Q3

Yet another stock in which Fairfax Financial Holdings kept its position from a quarter earlier was in Kennedy-Wilson Holdings Inc (NYSE:KW), a real estate investment company, which returned 19.7% during the third quarter. The fund held 8.95 million shares which were worth $169.79 million at the end of June. The stake comprised 11.12% of its equity portfolio. Since the beginning of the year, the company’s shares have lost 6.56%. The Brexit decision is still being felt by the company, as about 21% of its investments are in the U.K.

At Q2’s end, a total of 16 of the hedge funds tracked by Insider Monkey held long positions in Kennedy-Wilson, a dip of 11% from the end of the first quarter. When looking at the institutional investors followed by Insider Monkey, one of the most bullish fund managers on Kennedy-Wilson Holdings Inc (NYSE:KW) was Alan S. Parsow of Elkhorn Partners, with a $76.8 million position; 50.1% of its 13F portfolio was allocated to the stock. Some other peers that were bullish consisted of Chuck Royce’s Royce & Associates, Martin Whitman’s Third Avenue Management, and Charles Paquelet’s Skylands Capital.

Lastly, Fairfax Financial boosted its position in Resolute Forest Products Inc (NYSE:RFP), which is a company that produces a variety of wood-related products, such as tissues and pulp, by 5% during the second quarter. The firm held 30.55 million shares of the company valued at $161.6 million on June 30, which amassed 10.58% of its equity portfolio’s value. During the third quarter, the stock lost 10.6% and has lost 45.18% on a year-to-date basis.

Is Resolute Forest Products Inc (NYSE:RFP) a buy, sell, or hold? Prominent investors in our system are turning more bullish. The number of long hedge fund bets inched up by two in the second quarter, to 16. One of the largest stakes in Resolute Forest Products Inc (NYSE:RFP) was held by Chou Associates Management with a $25.9 million position. Other investors bullish on the company included Steelhead Partners, Renaissance Technologies, and Wallace Capital Management.

It should be noted that Fairfax Financial recently issued its 13F for the September 30 reporting period, in which no changes were made to any of its positions mentioned in this article. Because of the strong performance of BlackBerry during the third quarter, Fairfax’s position in the stock surged to account for 33.58% of the value of its U.S equity portfolio.

Disclosure: None