Fairfax Financial Holdings

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Prem Watsa's Fairfax Financial Holdings reported 29 stock positions worth $1.9 billion. Its top holding was Orla Mining (ORLA) at 25.8% of the portfolio, followed by Under Armour Class A (UAA, 13.1%) and CVS Health (CVS, 10.0%). Compared with Q4 2025, it opened 2 new positions, sold out of 2, added to 8 and reduced 1. The biggest buy was Under Armour Class C (UA, shares +133%) and the biggest sale an exit from Occidental Petroleum (OXY).

Most Recent 13F
Q2 2026
Notable People
Prem Watsa
Location
TORONTO, A6
CIK
0000915191
Portfolio Value
$1.9B (Q1 2026)
SEC Filing
0001104659-26-061601 ↗ filed May 15, 2026

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.1B Q3 2024 Q4 2024: $1.6B Q4 2024 Q1 2025: $1.8B Q1 2025 Q2 2025: $1.9B Q2 2025 Q3 2025: $2.1B Q3 2025 Q4 2025: $2.1B Q4 2025 Q1 2026: $1.9B $1.9B Q1 2026 Q2 2026: $2.6B Q2 2026

Holdings 29 stocks · $1.9B
ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW 25.82% 31,817,229 $501.6M No change
UAA Under Armour Inc. Class A 13.06% 43,000,872 $253.7M Add +2.5%
CVS CVS Health Corp. 10.03% 2,712,000 $194.8M No change
KW Kennedy-Wilson Holdings Inc. 7.43% 13,322,009 $144.3M No change
UA Under Armour Inc. Class C 6.53% 21,999,128 $126.9M Add +132.6%
CLF Cleveland-Cliffs Inc. 6.47% 14,899,273 $125.7M No change
KHC The Kraft Heinz Co. 6.10% 5,268,200 $118.4M Add +2.9%
BB Blackberry Ltd. 5.83% 34,980,220 $113.3M No change
ATS Ats Corp. 3.57% 2,486,400 $69.4M No change
TAP Molson Coors Beverage Co. Class B 3.19% 1,438,500 $61.9M Add +7.5%
HP Helmerich & Payne 2.18% 1,174,105 $42.3M No change
TSM Taiwan Semiconductor-SP ADR 1.63% 93,700 $31.7M No change
GM General Motors Co. 1.44% 375,965 $28.0M No change
PFE Pfizer Inc. 1.43% 990,900 $27.8M Add +11.2%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C 1.28% 359,100 $24.8M No change
WEN The Wendy's Co. 1.17% 3,268,902 $22.8M New
MRK Merck & Co. Inc. 1.07% 172,900 $20.8M No change
JNJ Johnson & Johnson 0.92% 73,400 $17.9M No change
GTX Garrett Motion Inc. 0.17% 184,460 $3.4M Reduce -29.2%
CIGI Colliers Intl GR-Subord Vot 0.13% 25,000 $2.6M Add +13.6%
CNI Canadian Natl Railway Co. 0.13% 24,800 $2.5M Add +25.3%
LULU Lululemon Athletica Inc. 0.10% 12,500 $1.9M No change
WBD Warner Bros Discovery Inc. 0.08% 57,900 $1.6M New
CPRI Capri Holdings Ltd. 0.07% 78,100 $1.4M No change
BRSL Brightstar Lottery PLC 0.04% 68,733 $875K Add +87.6%
PENN Penn Entertainment Inc. 0.04% 54,900 $825K No change
BRK.A Berkshire Hathaway Inc. Class A 0.04% 1 $718K No change
MX Magnachip Semiconductor Corp. 0.02% 125,000 $349K No change
PRTH Priority Technology Holdings 0.02% 70,500 $333K No change

Portfolio Sells Q4 2025 → Q1 2026
OXY Occidental Petroleum Corp. Sold out 0.00% −11.94
VOO Vanguard S&P 500 ETF Sold out 0.00% −1.75
GTX Garrett Motion Inc. Reduce -29.2% 0.17% −0.05

Portfolio Buys Q4 2025 → Q1 2026
UA Under Armour Inc. Class C Add +132.6% 6.53% +4.36
UAA Under Armour Inc. Class A Add +2.5% 13.06% +3.05
WEN The Wendy's Co. New 1.17% +1.17
PFE Pfizer Inc. Add +11.2% 1.43% +0.37
TAP Molson Coors Beverage Co. Class B Add +7.5% 3.19% +0.19
KHC The Kraft Heinz Co. Add +2.9% 6.10% +0.14
WBD Warner Bros Discovery Inc. New 0.08% +0.08
CNI Canadian Natl Railway Co. Add +25.3% 0.13% +0.04
BRSL Brightstar Lottery PLC Add +87.6% 0.04% +0.02
CIGI Colliers Intl GR-Subord Vot Add +13.6% 0.13% −0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 32$2.6BORLA, EGO, KHC, UAA, CVS
Q1 2026 29$1.9BORLA, UAA, CVS, KW, UA
Q4 2025 29$2.1BORLA, OXY, CVS, UAA, CLF
Q3 2025 29$2.1BORLA, OXY, CVS, CLF, BB
Q2 2025 28$1.9BORLA, OXY, CVS, BB, KHC
Q1 2025 29$1.8BORLA, OXY, CVS, BB, CLF
Q4 2024 31$1.6BORLA, OXY, BB, KW, CVS
Q3 2024 31$1.1BOXY, ORLA, KW, BB, UAA
Q2 2024 38$1.2BOXY, ORLA, KW, BB, GOOGL
Q1 2024 42$1.2BOXY, ORLA, BB, KW, MU