Prem Watsa's Strategic Moves: A Closer Look at Cleveland-Cliffs Inc.

GuruFocus News

Thu, May 15, 2025, 5:01 AM 3 min read

Prem Watsa (Trades, Portfolio), a renowned worth capitalist and the driving unit down Fairfax Financial, precocious submitted his 13F filing for the archetypal 4th of 2025. Born successful Mangalore, India, Watsa's travel to becoming a fiscal guru began with his acquisition successful chemic engineering astatine the Indian Institute of Technology. He aboriginal pursued an MBA astatine the University of Western Ontario, wherever helium was introduced to the principles of worth investing. Inspired by Warren Buffett (Trades, Portfolio)'s strategies, Watsa founded Fairfax Financial, a holding institution focused connected spot and casualty insurance, reinsurance, and concern management. His concern doctrine emphasizes blimpish worth investing, aiming for precocious returns connected invested superior and semipermanent shareholder value.

• Warning! GuruFocus has detected 2 Warning Sign with ORLA.

Prem Watsa (Trades, Portfolio) added a full of 1 banal to his portfolio this quarter:

• The astir important summation was Lifeway Foods Inc (NASDAQ:LWAY), with 17,367 shares, accounting for 0.02% of the portfolio and a full worth of $424,620.

Watsa besides accrued his stakes successful 3 stocks, with notable changes including:

• The astir important summation was successful Cleveland-Cliffs Inc (NYSE:CLF), with an further 9,000,000 shares, bringing the full to 14,899,273 shares. This accommodation represents a 152.56% summation successful stock count, a 4.01% interaction connected the existent portfolio, and a full worth of $122,472,020.

• The 2nd largest summation was successful The Kraft Heinz Co (NASDAQ:KHC), with an further 45,000 shares, bringing the full to 3,359,000. This accommodation represents a 1.36% summation successful stock count, with a full worth of $102,180,780.

Prem Watsa (Trades, Portfolio) wholly exited 3 holdings successful the archetypal 4th of 2025:

• TFI International Inc (NYSE:TFII): Sold each 13,300 shares, resulting successful a -0.11% interaction connected the portfolio.

• Xeris Biopharma Holdings Inc (NASDAQ:XERS): Liquidated each 139,687 shares, causing a -0.03% interaction connected the portfolio.

Watsa besides reduced his presumption successful 2 stocks, with important changes including:

• Reduced Colliers International Group Inc (NASDAQ:CIGI) by 3,000 shares, resulting successful a -12% alteration successful shares and a -0.03% interaction connected the portfolio. The banal traded astatine an mean terms of $131.06 during the 4th and has returned -3.62% implicit the past 3 months and -6.65% year-to-date.

• Reduced KKR & Co Inc (NYSE:KKR) by 3,500 shares, resulting successful a -14.89% simplification successful shares and a -0.03% interaction connected the portfolio. The banal traded astatine an mean terms of $137.58 during the 4th and has returned -8.06% implicit the past 3 months and -12.52% year-to-date.