Prem Watsa portfolio

Fairfax Financial · 13F for Q2 2026, filed Aug 14, 2026

Fairfax Financial, Prem Watsa's company, reported 32 positions worth $2.6B as of Jun 30, 2026. The largest were Orla Mng Ltd New (21.6%), Eldorado Gold Corp (16.2%) and Kraft Heinz Co (12.8%). Against Q1 2026: 6 new, 7 added to, 1 reduced, 3 sold out.

The filing on sec.gov · Every fund · What a 13F shows

Reported value: $2.6Bas of Jun 30
Positions: 326 new, 3 sold out
Largest position: Orla Mng Ltd New21.6% of the portfolio
Top 10 positions: 91%of reported value

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What Prem Watsa bought

Largest 4 of 13

Position	Change	Value
EGOEldorado Gold Corp	New	$427M
Orla Mng Ltd New	+83.5%	$259M
KHCKraft Heinz Co	+171.6%	$213M
WENWendy's Co	+144.9%	$39.2M

What Prem Watsa sold

Q2 2026 against Q1 2026

Position	Change	Value
Kennedy-Wilson Holdings Inc	Sold out	$144M
BBBLACKBERRY Ltd	Sold out	$113M
GTXGarrett Motion Inc.	−44.3%	$3.0M
PRTHPriority Technology Holdings, Inc.	Sold out	$333K

Every position, largest first

32 positions, Q2 2026

#	Position	Portfolio	Value	Shares	Change
1	Orla Mng Ltd New	21.6%	$568M	58,399,504	+83.5%
2	EGOEldorado Gold Corp	16.2%	$427M	13,746,506	New
3	KHCKraft Heinz Co	12.8%	$338M	14,306,500	+171.6%
4	UAAUnder Armour, Inc.	11.0%	$290M	45,356,965	+5.5%
5	CVSCVS HEALTH Corp	10.6%	$281M	2,712,000	No change
6	CLFCleveland-Cliffs Inc.	5.30%	$140M	14,899,273	No change
7	UAUnder Armour, Inc.	5.18%	$137M	21,999,128	No change
8	TAPMolson Coors Beverage Co	2.94%	$77.7M	1,994,500	+38.6%
9	ATSATS Corp	2.67%	$70.5M	2,486,400	No change
10	WENWendy's Co	2.51%	$66.3M	8,005,627	+144.9%
11	TSMTaiwan Semiconductor Manufacturing Co Ltd	1.69%	$44.7M	93,700	No change
12	HPHelmerich & Payne, Inc.	1.46%	$38.5M	1,174,105	No change
13	BNSBank of Nova Scotia	1.18%	$31.2M	359,100	No change
14	GMGeneral Motors Co	1.10%	$29.0M	375,965	No change
15	PFEPfizer Inc	0.95%	$25.1M	1,043,900	+5.3%
16	MRKMerck & Co., Inc.	0.84%	$22.2M	172,900	No change
17	JNJJohnson & Johnson	0.71%	$18.6M	73,400	No change
18	KSPIJoint Stock Co Kaspi.kz	0.35%	$9.2M	106,000	New
19	RCIRogers Communications Inc	0.18%	$4.9M	150,200	New
20	GTXGarrett Motion Inc.	0.14%	$3.7M	102,783	−44.3%
21	CNICanadian National Railway Co	0.11%	$3.0M	24,800	No change
22	CIGIColliers International Group Inc.	0.09%	$2.3M	25,000	No change
23	WBDWarner Bros. Discovery, Inc.	0.08%	$2.2M	81,900	+41.5%
24	DPZDominos Pizza Inc	0.08%	$2.1M	7,230	New
25	CPRICapri Holdings Ltd	0.05%	$1.5M	78,100	No change

7 more positions

#	Position	Portfolio	Value	Shares	Change
26	LULUlululemon athletica inc.	0.05%	$1.4M	12,500	No change
27	PENNPENN Entertainment, Inc.	0.04%	$1.2M	54,900	No change
28	Electronic Arts Inc	0.04%	$1.0M	5,100	New
29	BRK-ABerkshire Hathaway Inc	0.03%	$749K	1	No change
30	BRSLBrightstar Lottery PLC	0.03%	$738K	68,733	No change
31	CPACCementos Pacasmayo Saa	0.02%	$595K	50,000	New
32	MXMAGNACHIP SEMICONDUCTOR Corp	0.01%	$296K	62,500	Not compared

What a 13F shows

This is Fairfax Financial’s Form 13F for the quarter ended Jun 30, 2026, filed with the SEC on Aug 14, 2026 as FAIRFAX FINANCIAL HOLDINGS LTD/ CAN. A 13F lists long positions in US-listed securities on the quarter’s last day: shares, convertible bonds, puts and calls. It does not list short positions, cash, private holdings or most securities listed abroad, and a position may have changed since.

Options are shown as options, never added to the shares of the stock they are written on. A change is the share count against the fund's filing for Q1 2026; the estimated value of a change uses the price the filing's own figures imply. Where a count moved with a stock split, no change is shown.