Research In Motion Ltd (BBRY), Johnson & Johnson (JNJ): What’s The ‘Warren Buffett of Canada’ Up To Now?

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Rounding out the five is SandRidge Energy Inc. (NYSE:SD), with the fund holding a stake of over 32 million shares worth about $171 million as of March 31, 2013. Watsa’s move may be a vote of confidence in the oil fracking industry, of which SandRidge Energy Inc. (NYSE:SD) is a clear leader heading into the next half-decade, if not longer. Prospective investors should note the uncertain future of current CEO Tom Ward, who some activist shareholders are lobbying to remove, but on the whole, SandRidge’s aggressive development plan should pay off in the long run, as natural gas prices rebound.

Final thoughts

Prem Watsa is a quintessential buy-and-hold value investor, with no changes to his five largest holdings during the latest quarter. For those looking for a Buffett-lite investor to follow, his top stock picks—Research In Motion Ltd (NASDAQ:BBRY) BlackBerry, Johnson & Johnson (NYSE:JNJ), Resolute Forest, Level 3 Communications, Inc. (NYSE:LVLT), and SandRidge—may be worth adding to your watchlist. Continue preparing for 13F-filing season here.

Disclosure: none

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