Below is a spreadsheet that shows changes to Prem Watsa's 13F US long
holdings as of Q4 2012. To have a look at how the portfolio has
progressed, see our previous update:
The portfolio size increased by 27% this quarter from $1.97B to $2.51B. The increase was primarily due to the huge rebound in the shares of Blackberry Inc. (BBRY) in anticipation of the BB10 release. There were no new positions or stake disposals. The main activity in the quarter include:
The portfolio size increased by 27% this quarter from $1.97B to $2.51B. The increase was primarily due to the huge rebound in the shares of Blackberry Inc. (BBRY) in anticipation of the BB10 release. There were no new positions or stake disposals. The main activity in the quarter include:
- A substantial stake increase in Exco Resources (XCO) to a significant 2.87% of the US long portfolio position at prices between $6.77 and $8.93. The stock trades below the low end of that range at around $6.50 currently.
- A 30% stake increase in Resolute Forest Products (RFP) at prices between $10.64 and $14.75. Watsa's cost-basis is much higher. It is Watsa's third largest position at 13.06% of the US long portfolio. The stock currently trades at around $13.95.
- Sandridge Energy (SD) stake was increased from a small 1.54% position to a fairly large 8.20% position at prices between $5.19 and $7.75. The stock currently trades in the low-end of that range at around $5.41.
- Medium sized (2% to 4%) stakes in Frontier Communications (FRO), US Bancorp (USB), and Wells Fargo (WFC) were reduced marginally.
No comments :
Post a Comment