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Fairfax Financial 13F


Parsad
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Anyone want to take a stab at why they hold so many insignificant stakes in so many companies?

 

They buy through their various subs, so some portfolios are signficantly smaller than others.  That small position, may actually be fairly significant within the subs portfolio.  Also, some positions are testing the waters and nibbling, but the price may never have gotten to a point where they loaded up.  Cheers!

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I've never understood nibbling.  Why not just have a watch list and make the investment decision separately?  Peter Lynch was the ultimate nibbler with ~1400 stocks in his portfolios.

 

-O

Anyone want to take a stab at why they hold so many insignificant stakes in so many companies?

 

They buy through their various subs, so some portfolios are signficantly smaller than others.  That small position, may actually be fairly significant within the subs portfolio.  Also, some positions are testing the waters and nibbling, but the price may never have gotten to a point where they loaded up.  Cheers!

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looks like the increase of 16 million shares inlcudes conversion of pfd to common (approx 9 million shares)? the other additional 7 million shares were all purchased in Nov last year at approx $5.15

 

http://www.dataroma.com/m/ins/ins.php?t=y&rid=915191

 

it seems that there was some luck invloved with this investment as fairfax started buying in 2008 when SD was still a natural gas company and the Arena acquisition was still unknown...... without Arena, there's a good probability that SD would not have survived....

 

http://www.gurufocus.com/StockBuy.php?symbol=sd&rec=1

 

regards

rijk

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looks like the increase of 16 million shares inlcudes conversion of pfd to common (approx 9 million shares)? the other additional 7 million shares were all purchased in Nov last year at approx $5.15

 

http://www.dataroma.com/m/ins/ins.php?t=y&rid=915191

 

it seems that there was some luck invloved with this investment as fairfax started buying in 2008 when SD was still a natural gas company and the Arena acquisition was still unknown...... without Arena, there's a good probability that SD would not have survived....

 

http://www.gurufocus.com/StockBuy.php?symbol=sd&rec=1

 

regards

rijk

 

I agree been saying that for a few months. They really loaded up when it tanked due to arbitrage on the acquisitions. Its been nice holding SD and I think its worth quite a bit more though not sure how much. Interesting times.

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Looks like they've added another 300,000 shares of Overstock.com.  Cheers!

 

http://www.sec.gov/Archives/edgar/data/915191/000095012311013863/o68572bsc13gza.htm

 

Both the sep. 30 and dec 31 13-Fs show the same number of shares and converts.

 

The latest SC 13G/A i believe is just the annual update (from the 45 day window of the calendar year end) and not reflective of a change in ownership. The updated SC13G/A appears to include some of the converts according to the filing.

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The 13G/A shows 3,672,822 in common stock ownership.  The 13-F shows 3,388,774 of common stock.  Value, I don't see any notation that some of the convertibles are included in the 13G/A.  Cheers!

 

In the ownership section is where it mentions the converts.

Shares reported as beneficially owned include Shares issuable upon conversion of certain convertible debt securities of Overstock.

 

Also if you look at the "Date of Event which Requires Filing of this Statement", it shows December 31st, 2010, which is the same reporting date as the last 13-F. The date of event and being that it is day 45 of the calendar year, i think it is just their annual 13-G filing and not the typical change in ownership 13-G filing.

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