5 Stocks Prem Watsa Just Bought and Sold

In this piece, we will take a look at the five stocks that Prem Watsa just bought and sold. To learn more about the investor and his. firm, check out 10 Stocks Prem Watsa Just Bought and Sold.

5. Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR)

Fairfax Financial’s Q3 2023 Investment: $2.2 million

Bought Or Sold: Sold

Percentage Increase or (-)Decrease: -10%

Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) is an American private equity company headquartered in New York, City. Despite a slowdown in global capital markets, the firm’s third quarter saw it beat analyst EPS estimates on the back of strong annual growth from its insurance business division.

Insider Monkey dug through 910 hedge fund holdings for 2023’s June quarter and found that 62 had held a stake in the company. Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR)’s biggest hedge fund stakeholder as of the third quarter is Natixis Global Asset Management’s Harris Associates as it owns $1.6 billion worth of shares.

4. Restaurant Brands International Inc. (NYSE:QSR)

Fairfax Financial’s Q3 2023 Investment: $2.8 million

Bought Or Sold: Sold

Percentage Increase or (-)Decrease: -4%

Restaurant Brands International Inc. (NYSE:QSR) is a Canadian restaurant chain that owns popular brands such as Burger King and Tim Horton’s. Despite slowing economies everywhere, its third quarter results were quite strong as the company posted 10.9% annual revenue growth. However, its net income dropped to $364 million from the $530 million in the year ago quarter.

As of June 2023, 26 out of the 910 hedge funds surveyed by Insider Monkey had bought and owned Restaurant Brands International Inc. (NYSE:QSR)’s shares. During Q3, the firm’s biggest shareholder was Bill Ackman’s Pershing Square as it owned $1.5 billion worth of shares.

3. General Electric Company (NYSE:GE)

Fairfax Financial’s Q3 2023 Investment: $10.3 million

Bought Or Sold: Sold

Percentage Increase or (-)Decrease: -6%

General Electric Company (NYSE:GE) is an American industrial products provider. Its shares saw quite a bit of action in November after they were on track for their strongest close in six years.

During this year’s second quarter, 71 out of the 910 hedge funds polled by Insider Monkey had held a stake in the company. General Electric Company (NYSE:GE)’s largest hedge fund in the following quarter was Chris Hohn’s TCI Fund Management as it owned $4.6 billion worth of shares.

2. Orla Mining Ltd. (NYSE:ORLA)

Fairfax Financial’s Q3 2023 Investment: $110 million

Bought Or Sold: Bought

Percentage Increase or (-)Decrease: 57%

Orla Mining Ltd. (NYSE:ORLA) is a Canadian metals mining company with operations in Panama and the U.S. Its third quarter results came with great news for investors, as the firm increased its full year gold production guidance.

As of June 2023, eight among the 910 hedge funds profiled by Insider Monkey were Orla Mining Ltd. (NYSE:ORLA)’s investors. During Q3 2023, the biggest shareholder in our database was Prem Watsa’s Fairfax Financial Holdings as it owned 31 million shares that are worth $110 million.

1. Micron Technology, Inc. (NASDAQ:MU)

Fairfax Financial’s Q3 2023 Investment: $256 million

Bought Or Sold: Bought

Percentage Increase or (-)Decrease: 1%

Micron Technology, Inc. (NASDAQ:MU) is one of the oldest semiconductor companies in the world. It’s also one of the biggest potential beneficiaries of the ongoing hype surrounding artificial intelligence due to its commanding position in the memory chip market.

86 out of the 910 hedge funds polled by Insider Monkey for their Q2 2023 shareholdings had held a stake in the firm. As of September 2023, Micron Technology, Inc. (NASDAQ:MU) ‘s largest hedge fund investor was Ken Griffin’s Citadel Investment Group courtesy of its $551 million stake.

Disclosure: None. You can also take a look at 11 Undervalued Insurance Stocks To Buy Now and 20 Largest Delivery Companies in the US.

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