Markets

Insider Trading

Hedge Funds

Retirement

Opinion

10 Stocks Prem Watsa Just Bought and Sold

In this piece, we will take a look at the ten stocks that Prem Watsa just bought and sold. If you want to skip our introduction to Mr. Watsa, his hedge fund, and the latest stock market news, then take a look at 5 Stocks Prem Watsa Just Bought and Sold.

Prem Watsa is one of the lower profile fund bosses in the industry. A graduate of the Indian Institute of Technology and the University of Western Ontario, he was born in India and is a classic example of the potential of capitalism to turn one from rags to riches through dedication and the right business decisions. After graduating with an MBA in Canada, Mr. Watsa jumped into the financial world and started his stint at an insurance company. Soon after beginning his finance career, he started his own finance company and acquired an insurance company to rename the new firm Fairfax Financial. The term ‘Fairfax’ refers to ‘fair, friendly acquisitions’ and according to Insider Monkey’s research, the firm had an investment portfolio worth $1.8 billion as of Q3 2023 end. This marks a sizeable drop over the $3.9 billion that the portfolio was worth as of September 2022.

Prem Watsa’s firm, Fairfax Financial Holdings Limited was officially set up in its current form in 1985. The firm’s shares are also traded on the Canadian stock exchange under the ticker Fairfax Financial Holdings (TSE:FFH.TO). Being publicly traded is an integral part of Fairfax’s financial philosophy and strategy since the firm seeks to deliver a minimum of 15% growth in its book value per share over the long term. Book value per share is defined as a firm’s net asset value, i.e. its liabilities subtracted from its assets, per unit of outstanding stock. It is a commonly used financial metric that allows investors and analysts to analyze the worth of a firm or the money that is available to investors in case of a liquidation. Fairfax describes itself as being focused on the long term, and the firm touts that it has written a whopping $229 billion in insurance premiums over the past 37 years.

Since it’s a publicly traded firm, SEC filings provide greater working into Fairfax Financial’s affairs than would be possible for other hedge funds. The firm filed its earnings report for the third quarter with the SEC in November. The results showed that its insurance revenue during the quarter stood at a cool $7 billion and its non-insurance operations raked in $1 billion for a combined revenue of $7 billion. The insurance industry benefits when interest rates are high, and this was evident in Fairfax’s latest earnings results as well since the company’s profit after tax stood at $1.1 billion and nearly doubled from the year ago quarter’s $582 million.

In terms of assets, Fairfax is quite a sizeable entity as well with total assets of $84 billion. Within this multi-billion-dollar asset pile, a large portion belongs to bonds as the company held a cool $34 billion in bonds. Stocks were its second largest holdings, and in Q3, Fairfax Financial held $8.9 billion in preferred and common stocks.

Shifting gears to analyze Prem Watsa’s latest stock portfolio, its five biggest investments in Q3 ranged from energy to semiconductors, consumer electronics, mining, and real estate industries. In descending order, Fairfax Financial’s biggest stock holdings in the third quarter were Occidental Petroleum Corporation (NYSE:OXY), Micron Technology, Inc. (NASDAQ:MU), BlackBerry Limited (NYSE:BB), Kennedy-Wilson Holdings, Inc. (NYSE:KW), and Orla Mining Ltd. (NYSE:ORLA). Cumulatively, these account for more than 60% of the $1.8 billion stock portfolio as Mr. Watsa’s financial firm owned stakes worth $1.1 billion in the five companies.

Shifting gears to focus on the broader stock market climate during the third quarter, right now, optimism is abound. This is because investors are now making cautious bets that the Federal Reserve might be near the end of its interest rate cycle with some already making bets about when rates will start to come down. However, the road to low rates might be long, with fresh comments from some Fed officials culling optimistic stock rallies. For instance, the Chair of the Boston Fed Susan Collins is unwilling to rule out further rate hikes before additional data convinces her that the central bank has done enough. Speaking to CNBC, the Fed official shared:

In order to get back down to 2% (inflation) in a reasonable amount of time you need to be patient and resolute, and I wouldn’t take additional firming off the table.

She went on to add:

I remain focused on really looking at kind of the full complement of information that we’re getting and making assessments in real time about the right thing to do.

So, as investors flirt with the new interest rate era, what is one of Canada’s richest financial wizards thinking? We took a look at his firm’s stock portfolio to find out, and some stocks that caught our eye are Orla Mining Ltd. (NYSE:ORLA), Micron Technology, Inc. (NASDAQ:MU), and General Electric Company (NYSE:GE).

Our Methodology

To compile our list of the stocks that Prem Watsa bought and sold, we divided Fairfax Financial’s investment portfolio into two sections. The first section consisted of stocks that the firm initiated new positions in or piled more money into. The second was made of stocks that it sold or exited completely. Within these two lists, the stocks were ranked by the latest dollar value as of Q3 2023 or the value during Q2 2023, and the ones with the highest values were chosen as the stocks that Mr. Watsa is buying and selling.

10 Stocks Prem Watsa Just Bought and Sold

10. United States Steel Corporation (NYSE:X)

Fairfax Financial’s Q2 2023 Investment: $581,000

Bought Or Sold: Bought

Percentage Increase or (-)Decrease: New Addition

United States Steel Corporation (NYSE:X) is an American steel company headquartered in Pittsburgh, Pennsylvania. Despite an industrial slowdown in 2023 due to high inflation rates, the firm has beaten analyst EPS estimates in all four of its latest quarters.

As of June 2023, 33 out of the 910 hedge funds surveyed by Insider Monkey had held a stake in United States Steel Corporation (NYSE:X). In the following quarter, David Greenspan’s Slate Path Capital was the largest stakeholder in our database due to its $233 million investment.

Along with Micron Technology, Inc. (NASDAQ:MU), Orla Mining Ltd. (NYSE:ORLA), and General Electric Company (NYSE:GE), United States Steel Corporation (NYSE:X) is a stock on Prem Wasta’s radar.

9. Telesat Corporation (NASDAQ:TSAT)

Fairfax Financial’s Q2 2023 Investment: $759,000

Bought Or Sold: Sold

Percentage Increase or (-)Decrease: -29%

Telesat Corporation (NASDAQ:TSAT) is a small Canadian telecommunications company. The firm made a big announcement in November 2023, when it revealed that it plans to bring artificial intelligence and machine learning capabilities to its satellite networking.

During this year’s second quarter, 11 out of the 910 hedge funds profiled by Insider Monkey’s research had invested in the company. During the third quarter, Telesat Corporation (NASDAQ:TSAT)’s biggest investor was Mark Rachesky’s MHR Fund Management as it held a $257 million stake.

9. Arco Platform Limited (NASDAQ:ARCE)

Fairfax Financial’s Q2 2023 Investment: $763,000

Bought Or Sold: Sold

Percentage Increase or (-)Decrease: -100%

Arco Platform Limited (NASDAQ:ARCE) is a Brazilian education technology firm that caters to the needs of secondary schools. Its latest financial performance has been rather limited, as the company has beaten analyst EPS estimates in only two out of its four latest quarters.

As of Q2 2023 end, 11 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in Arco Platform Limited (NASDAQ:ARCE). In the following quarter, John Addis’s FourWorld Capital Management was the firm’s largest shareholder as it owned 3.8 million shares that are worth $53 million.

7. Capri Holdings Limited (NYSE:CPRI)

Fairfax Financial’s Q3 2023 Investment: $1.3 million

Bought Or Sold: Buy

Percentage Increase or (-)Decrease: New Addition

Capri Holdings Limited (NYSE:CPRI) is a British luxury goods company with several high profile brands in its portfolio such as Michael Kors and Versace. Fairfax’s purchase comes at an interesting time for the stock as Guggenheim, Raymond James, Baird, Wells Fargo, and BMO Capital downgraded the shares to Neutral, Market Perform, Netural, Equal Weight, and Market Perform in August 2023.

By the end of this year’s second quarter, 37 out of the 910 hedge funds tracked by Insider Monkey were the firm’s investors. As of September 2023, Israel Englander’s Millennium Management was the biggest stakeholder in our database due to its $229 million stake.

6. TFI International Inc. (NYSE:TFII)

Fairfax Financial’s Q3 2023 Investment: $2.1 million

Bought Or Sold: Sold

Percentage Increase or (-)Decrease: -29%

TFI International Inc. (NYSE:TFII) is a Canadian trucking company with operations in the U.S., Canada, and Mexico. Economic slowdown and high costs have led to financial struggles, as it has missed analyst EPS estimates in three out of its four latest quarters. However the average share price target of $144 prices in a substantial upside.

During this year’s June quarter, 21 hedge funds out of the 910 part of Insider Monkey’s research were TFI International Inc. (NYSE:TFII)’s investors. In the September quarter, the largest hedge fund investor was Ken Griffin’s Citadel Investment Group through its $82 million investment.

Orla Mining Ltd. (NYSE:ORLA), TFI International Inc. (NYSE:TFII), Micron Technology, Inc. (NASDAQ:MU), and General Electric Company (NYSE:GE) are some stocks that Prem Watsa bought and sold during Q3 2023.

Click here to continue reading and check out 5 Stocks Prem Watsa Just Bought and Sold.

Suggested articles:

Disclosure: None. 10 Stocks Prem Watsa Just Bought and Sold is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

If you’re thinking about getting in, don’t wait – because once Wall Street catches wind of this story, the easy money will be gone.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99 a month.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!