Economy Prem Watsa's top 5 fourth quarter purchases

Prem Watsa’s top 5 fourth quarter purchases

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "billionaire investor Prem Watsa (trades. portfolio), Head of Fairfax Financial Holdings, announced 13 new investments in its fourth quarter portfolio on Friday. “data-reactid =” 11 “> The billionaire Prem Watsa (Trades, Portfolio), head of Fairfax Financial Holdings, announced 13 new holdings in its portfolio for the fourth quarter on Friday.

<p class = "Canvas-Atom Canvas-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Known as" Canada Warren Buffett (trades. portfolio), “The guru’s investment strategy mimics the practices of the CEO of Berkshire Hathaway (BRK.A) (BRK.B) in that his insurance conglomerate buys entire companies and invests his float in listed companies.” data-reactid = “12”> Known as “Canada’s Warren Buffett (Trades, Portfolio)”, the guru’s investment strategy mimics the practices of the CEO of Berkshire Hathaway (BRK.A) (BRK.B) by purchasing his entire insurance conglomerate Company as well as invests its float in listed companies.

Watsa’s five largest new acquisitions for the quarter were Fitbit Inc. (NYSE: FIT), Madison Square Garden Co. (NYSE: MSG), Restaurant Brands International Inc. (NYSE: QSR) and Colliers International Group Inc. (NASDAQ: CIGI )) and CVS Health Corp. (NYSE: CVS).

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Fitbit“data-reactid =” 20 “>Fitbit

The guru invested in 2.15 million Fitbit shares and allocated 0.69% of the share portfolio. The stock traded at an average price of $ 5.93 per share for the quarter.

The San Francisco-based company that manufactures a variety of portable fitness trackers has a $ 1.71 billion market cap. The shares were trading at $ 6.46 on Friday at 2.86 book price and 1.09 share price to sales ratio.

The middle price-sales graph shows that the stock is trading above its historical average, indicating that it is overpriced.

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72db023ab5dc4eb84b11ca1e74a8d9b8.png

GuruFocus rated Fitbit’s financial strength as 5 out of 10 and profitability as 4 out of 10.

Of the gurus invested in the company, Renaissance Technologies by Jim Simons (Trades, Portfolio) has the largest share with 2.28% of the outstanding shares. Chase Coleman (trades, portfolio) and Steven Cohen (trades, portfolio) are also shareholders.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Madison Square Garden“data-reactid =” 46 “>Madison Square Garden

Watsa took 8,000 shares from Madison Square Garden and dedicated 0.12% of the portfolio to the position. During the quarter, the stock traded at an average price of $ 275.64 per share.

The New York-based company, an entertainment and sports holding company, has a market capitalization of $ 7.32 billion. The shares were traded on Friday at 2.75 book price and 4.49 price to sales ratio at $ 305.81.

The share is overvalued according to the median of the price-sales diagram.

0836aac089b45f3ab3837a4f4e1bc554.png0836aac089b45f3ab3837a4f4e1bc554.png

0836aac089b45f3ab3837a4f4e1bc554.png

GuruFocus gave Madison Square Garden a financial score of 6 out of 10. The profitability was rated with 4 out of 10 points.

Mario Gabelli (Trades, Portfolio) is the company’s largest guru shareholder with 3 shares outstanding. Ron Baron (trades, portfolio), John Rogers (trades, portfolio), Cohen, First Pacific Advisors (trades, portfolio) and Michael Price (trades, portfolio) also have positions in the stock.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Brands International Restaurant“data-reactid =” 72 “>Brands International Restaurant

The investor founded a 37,000-share stake in Restaurant Brands International, which corresponds to 0.12% of the equity portfolio. The shares traded at an average price of $ 66.81 in the quarter.

The Canadian company, which owns several fast food chains like Tim Hortons, Popeyes Louisiana Kitchen and Burger King, has a market cap of $ 20 billion. The shares were trading at $ 66.97 on Friday with a price-earnings ratio of 28.31, a price-book ratio of 12.72 and a price-to-sales ratio of 5.61.

Based on the Peter Lynch chart, the stock appears to be overvalued.

4920bd04688ca92000f70daeb43cbd51.png4920bd04688ca92000f70daeb43cbd51.png

4920bd04688ca92000f70daeb43cbd51.png

GuruFocus rated the financial strength of Restaurant Brands with 3 out of 10 points. Profitability was slightly better at 6 out of 10 points.

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Bill Ackman (Trades, Portfolio) holds the largest position in the company with a share of 6%. Other guru shareholders are Warren Buffett (trades, portfolio), Cohen, PRIMECAP Management (trades, portfolio), Lee Ainslie (trades, portfolio), Louis Moore Bacon (trades, portfolio), Pioneer Investments (trades, portfolio) and Ray Dalio (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio) and Philippe Laffont (Trades, Portfolio).

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Colliers International Group“data-reactid =” 102 “>Colliers International Group

Watsa acquired 25,000 Colliers International Group shares and expanded the share portfolio by 0.10%. The stock traded at an average price per share of $ 72.07 in the quarter.

The Toronto-based real estate company has a market capitalization of $ 3.63 billion. The shares traded on Friday with a price-earnings ratio of 35.51, a price-book ratio of 7.13 and a price-to-sales ratio of 1.2 at $ 90.88.

The Peter Lynch chart shows that the stock is overvalued.

74c0e6030becccf817598107caa197bb.png74c0e6030becccf817598107caa197bb.png

74c0e6030becccf817598107caa197bb.png

Colliers’ financial strength was rated 5 out of 10 by GuruFocus, while profitability was rated 7 out of 10.

Of the gurus invested in colliers, Simons’ company holds the largest stake with 3.23% of the outstanding shares. Chuck Royce (trades, portfolio), Jeff Auxier (trades, portfolio) and Jones also have positions in the stock.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "CVS Health“data-reactid =” 128 “>CVS Health

The guru bought 26,500 shares from CVS Health, which affected the equity portfolio by 0.10%. The stock traded at an average price of $ 70.48 per share for the quarter.

The drugstore chain, headquartered in Woonsocket, Rhode Island, has a market cap of $ 91.86 billion. The shares traded on Friday with a price-earnings ratio of 13.84, a price-book ratio of 1.46 and a price-to-sales ratio of 0.37 at around $ 70.47.

According to the Peter Lynch chart, the stock is undervalued.

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c774e1b5762112e662dd6c9c2399a13a.png

GuruFocus rated CVS Health’s financial strength 4 out of 10 and profitability 9 out of 10.

Dodge & Cox is the company’s largest guru shareholder with 1.58% of the outstanding shares. Other top investors are the Vanguard Health Care Fund (trades, portfolio), Barrow, Hanley, Mewhinney & Strauss, PRIMECAP, Bill Nygren (trades, portfolio), the T Rowe Price Equity Income Fund (trades, portfolio), Pioneer, Richard Pzena (trades, portfolio), Charles Brandes (trades, portfolio) and Chris Davis (trades, portfolio).

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Additional trades and portfolio composition“data-reactid =” 154 “>Additional trades and portfolio composition

During the quarter, Watsa also held positions at KKR & Co. Inc. (NYSE: KKR), Dine Brands Global Inc. (NYSE: DIN), Loral Space & Communications Inc. (NASDAQ: LORL) and Penn National Gaming Inc. (NASDAQ : PENN), TransAlta Corp. (NYSE: TAC), Culp Inc. (NYSE: CULP), The Middleby Corp. (MIDD) and Osisko Gold Royalties Ltd. (OR).

The guru’s $ 2.03 billion equity portfolio, composed of 41 stocks, is largely invested in the industrial sector, followed by smaller positions in technology and real estate.

39a401fed8ed0a1c45b8657150dbbe61.png39a401fed8ed0a1c45b8657150dbbe61.png

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Disclosure: No positions.

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "This article was first published on guru Focus,
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