I updated my tracking document for Fairfax publicly traded equity investments. It is not complete but I think covers the largest holdings. So far in Q3 FFH looks to be up about $425 million. Of this total, $50 million is for mark to market equities, $50 million is for Atlas warrants and $375 million is for Investment in Associates ($200 million of this is Atlas).
Bottom line is market prices of equity investments have continued to improve in the 3rd quarter. The $1 billion deficit for Investment in Associates (fair value versus book value) should continue to shrink in Q3.
Top 7 individual holdings:
1.) Atlas = $885 million (outstanding warrants would increase share count from 90 to 115 million)
2.) Eurobank = $537
3.) Commercial International Bank (CIB) = $334
4.) Quess = $295
5.) Recipe = $223
6.) Blackberry = $221 (outstanding warrants would increase share count from 46.7 to 101.7 million)
7.) Kennedy Wilson = $209
Fairfax India = $394 million (Fairfax owns 33.7%)
- see tab 2 in the document below for a summary of Fairfax India individual holdings.
Digit is another holding to keep an eye on. Not currently publicly traded but valued at around $400 million I think.
Interesting to look at the holdings by business segment and country/region. Pretty diversified.
