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Growth Portfolio Adjustments: Exiting Fairfax Financial for Quanta Services Amid Market Volatility
Finance · Investment Managers · globe_inside_market · 2026-08-26
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The Internet Wealth Builder Growth Portfolio rebalances its holdings, selling Fairfax Financial to invest in Quanta Services following a period of mixed returns.
What Happened
Portfolio Performance Overview: The Internet Wealth Builder Growth Portfolio has achieved a cumulative return of 2,157 percent since its inception in 2012, maintaining an average annual compound growth rate of nearly 25 percent. Despite recent volatility in the technology sector, the portfolio managed a 3.95 percent gain over the last six months, underscoring the high-risk, high-reward strategy employed by the fund.
Strategic Asset Rebalancing: In the latest review, the portfolio decided to divest its position in Fairfax Financial Holdings Ltd. due to underperformance. The proceeds from this sale are being reallocated into Quanta Services Inc., a major contractor involved in the construction and maintenance of the U.S. electricity grid, reflecting a shift toward infrastructure-focused growth.
Holding Updates and Outlook: The portfolio retains key positions in companies like Nvidia, which continues to drive significant gains, and Alimentation Couche-Tard. While holdings such as Cameco Corp. and Costco Wholesale experienced recent pullbacks, the manager expressed confidence in their long-term recovery and opted to maintain these positions for the upcoming period.
Risk Management and Cash Strategy: Emphasizing the inherent risks of a concentrated growth strategy, the manager highlighted the importance of momentum and selective betting. Surplus cash and retained earnings have been moved to high-interest savings accounts at Manulife Bank to optimize yield while maintaining liquidity for future investment opportunities.