Author Topic: Fairfax stock positions  (Read 28256 times)

wondering

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Re: Fairfax stock positions
« Reply #70 on: February 10, 2020, 06:44:44 AM »
Perhaps you missed Resolute.  Although the stock has fallen quite a bit, so it might be grouped in the "misc" category


Viking

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Re: Fairfax stock positions
« Reply #71 on: February 10, 2020, 10:07:41 AM »
Wondering, i was trying to list only the largest holdings (over $200 million). Yes, these are a bunch more (values at Dec 31):
- Resolute         $128
- Stelco            $102
- IIFL Finance     $55 (the three IIFL co’s are also held in Fairfax India)
- IIFL Securities  $16
- IIFL Wealth      $70
.... and more smaller holdings

Xerxes

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Re: Fairfax stock positions
« Reply #72 on: February 10, 2020, 04:47:52 PM »
One interesting thing to note about FFH' equity portfolio is that it has very low cross asset correlation between its major tent poles.
What does Blackberry, Eurobank, Toys R Us and Seaspan have in common (aside their common shareholder) ?  .. nothing, in fact serving very different industries and often very focused geographical location in some cases.

Viking

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Re: Fairfax stock positions
« Reply #73 on: February 10, 2020, 05:43:26 PM »
One interesting thing to note about FFH' equity portfolio is that it has very low cross asset correlation between its major tent poles.
What does Blackberry, Eurobank, Toys R Us and Seaspan have in common (aside their common shareholder) ?  .. nothing, in fact serving very different industries and often very focused geographical location in some cases.

A large chunk of Fairfax’s equity holdings are being negatively impacted by the Coronavirus risk off environment: Eurobank, Seaspan, Emerging Markets equities (Fairfax India, Fairfax Africa, Thomas Cook India).
« Last Edit: February 10, 2020, 05:49:49 PM by Viking »

omagh

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Re: Fairfax stock positions
« Reply #74 on: February 11, 2020, 06:33:36 AM »
A large chunk of Fairfax’s equity holdings are being negatively impacted by the Coronavirus risk off environment: Eurobank, Seaspan, Emerging Markets equities (Fairfax India, Fairfax Africa, Thomas Cook India).
Coronavirus is looking increasingly contained.  Logarithmic scale shows the rate of increase is tailing off.
https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6

At most, coronavirus could impact the 1st quarter of 2020 for just about any global business as a fraction of sales.  Will it really harm any business models?  Of course not.

mcliu

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Re: Fairfax stock positions
« Reply #75 on: February 11, 2020, 12:41:35 PM »
A large chunk of Fairfax’s equity holdings are being negatively impacted by the Coronavirus risk off environment: Eurobank, Seaspan, Emerging Markets equities (Fairfax India, Fairfax Africa, Thomas Cook India).
Coronavirus is looking increasingly contained.  Logarithmic scale shows the rate of increase is tailing off.
https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6

At most, coronavirus could impact the 1st quarter of 2020 for just about any global business as a fraction of sales.  Will it really harm any business models?  Of course not.

Hopefully that's the case and not because of the definition change.

https://www.taiwannews.com.tw/en/news/3874490
"China changes counting scheme to lower Wuhan virus numbers"
China stops counting confirmed asymptomatic patients in Wuhan virus statistics

Kaegi2011

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Re: Fairfax stock positions
« Reply #76 on: February 12, 2020, 11:50:37 AM »
Anyone have any information on the company and/or the Oak Fund (what it owns)?


They're pretty secretive and they're probably the most under the radar PE firm out there.  And the model is fairly unique - they basically source deals from their own network of high net worth individuals who own businesses and promise to hold them for a long time.  Not forever, but also not flipping it three years down the road.  Very Buffettesque way of doing business (e.g., proprietary sourcing, stable capital, etc.) and it seems to be working.  Whether the deals are good or not I have no clue as they don't seem to be targeting institutional money (at least any that I could find), so no disclosure on performance at places like Calpers, etc. 

Viking

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Re: Fairfax stock positions
« Reply #77 on: February 12, 2020, 04:13:08 PM »
Anyone have any information on the company and/or the Oak Fund (what it owns)?


They're pretty secretive and they're probably the most under the radar PE firm out there.  And the model is fairly unique - they basically source deals from their own network of high net worth individuals who own businesses and promise to hold them for a long time.  Not forever, but also not flipping it three years down the road.  Very Buffettesque way of doing business (e.g., proprietary sourcing, stable capital, etc.) and it seems to be working.  Whether the deals are good or not I have no clue as they don't seem to be targeting institutional money (at least any that I could find), so no disclosure on performance at places like Calpers, etc.

Thanks for the info. BDT Capital looks like a quality operation which is nice to see especially given its large size in Fairfax’s equity portfolio. The position increased nicely in size from $355 at Dec 31, 2017 to $443 million at Dec 31,2018. No idea if they added capital to the position or if the increase was all gains. Hopefully they once again do the same disclosure (top equity positions) at the AGM this year.