Below is a spreadsheet that shows changes to Prem Watsa's 13F US long holdings as of Q3 2012. To have a look at how the portfolio has progressed, see our previous update:
The portfolio size increased slightly from around $1.91B to $1.97B. There is one new position worth over a million dollars, and that is a very small stake in Nexen Inc. (NXY). The main activity in the quarter include:
The portfolio size increased slightly from around $1.91B to $1.97B. There is one new position worth over a million dollars, and that is a very small stake in Nexen Inc. (NXY). The main activity in the quarter include:
- Roughly doubling the large position in Research in Motion (RIMM) at prices between $6.30 and $8.29. The stock currently trades at $9.20. Watsa's original stake in RIMM has a much higher cost basis as he purchased the bulk of that stake in Q4 2011 and Q1 2012 at prices between $12.52 and $24.42.
- The stake in US Bancorp (USB) was reduced by around 30% at prices between $31.90 and $34.93. USB is a long-term holding which was reduced substantially in 2010. The stake reduction indicates a bearish bias.
- USG Corp. (USG) stake was reduced to an insignificantly small stake as of Q3 2012 at prices between $15.76 and $23.72.
- Wells Fargo & Co. (WFC) stake was reduced by around 40% this quarter at prices between $32.85 and $36.13.
- The stake Resolute Forest Products (RFP) was marginally increased.
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