Prem Watsa
Portfolio value$2.6B
Positions32
QuarterQ2 2026ended 2026-06-30
Filed08/142026
Fairfax Financial Holdings Ltd's Q2 2026 13F, filed Aug 14, 2026, reports 32 positions worth $2.6B. The ten largest are 90.7% of the book, led by Orla Mining Ltd at 21.5%, Eldorado Gold Corp at 16.2% and Kraft Heinz at 12.8%. Against Q1 2026: 6 bought, 7 added to, 2 reduced, 3 sold; the largest moves were bought Eldorado Gold Corp and added Orla Mining Ltd (+84%).
Where the money is
ORLAEGOKHCUAACVSCLFUA22 other
Holdings
| Ticker | Issuer | Weight | Value | Q-end → now | Price vs model | Change |
|---|---|---|---|---|---|---|
| ORLA | Orla Mining LTD | 21.5% | $568.5M58.4M sh | 9.73 | — | added +84% |
| EGO | Eldorado Gold Corp | 16.2% | $427.0M13.7M sh | 31.06 | — | bought |
| KHC | Kraft Heinz CO | 12.8% | $337.6M14.3M sh | 23.60 → +0% | 39% overvalued | added +172% |
| UAA | Under Armour INC | 11.0% | $289.8M45.4M sh | 6.39 | — | added +5% |
| CVS | Cvs Health Corp | 10.6% | $280.5M2.7M sh | 103.43 → −11% | 420% overvalued | held |
| CLF | Cleveland-cliffs INC | 5.3% | $139.9M14.9M sh | 9.39 | — | held |
| UA | Under Armour INC | 5.2% | $136.6M22.0M sh | 6.21 | — | held |
| TAP | Molson Coors Beverage CO | 2.9% | $77.7M2.0M sh | 38.94 → +1% | 75% undervalued | added +39% |
| ATS | Ats Corp | 2.7% | $70.5M2.5M sh | 28.35 | — | held |
| WEN | Wendys CO | 2.5% | $66.3M8.0M sh | 8.28 | — | added +145% |
| TSM | Taiwan Semiconductor Mfg LTD | 1.7% | $44.7M93,700 sh | 476.89 | — | held |
| HP | Helmerich & Payne INC | 1.5% | $38.5M1.2M sh | 32.75 | — | held |
| BNS | Bank Nova Scotia | 1.2% | $31.2M359,100 sh | 86.79 | — | held |
| GM | General Motors CO | 1.1% | $29.0M375,965 sh | 77.06 → +9% | 53% overvalued | held |
| PFE | Pfizer INC | 1.0% | $25.1M1.0M sh | 24.06 → +23% | 3% undervalued | added +5% |
| MRK | Merck & CO INC | 0.8% | $22.2M172,900 sh | 128.39 → +14% | 24% undervalued | held |
| JNJ | Johnson & Johnson | 0.7% | $18.6M73,400 sh | 253.96 → +1% | 36% undervalued | held |
| KSPI | Kaspi Kz Jsc | 0.3% | $9.2M106,000 sh | 86.56 | — | bought |
| RCI | Rogers Communications INC | 0.2% | $4.9M150,200 sh | 32.43 | — | bought |
| GTX | Garrett Motion INC | 0.1% | $3.7M102,783 sh | 36.22 | — | reduced −44% |
| CNI | Canadian National Railway CO | 0.1% | $3.0M24,800 sh | 119.05 | — | held |
| CIGI | Colliers Intl Group INC | 0.1% | $2.3M25,000 sh | 93.04 | — | held |
| WBD | Warner Bros Discovery INC | 0.1% | $2.2M81,900 sh | 26.61 → +16% | 137% overvalued | added +41% |
| DPZ | Domino's Pizza INC | 0.1% | $2.1M7,230 sh | 295.92 → +4% | 7% undervalued | bought |
| CPRI | Capri Holdings LTD | 0.1% | $1.5M78,100 sh | 18.57 | — | held |
| LULU | Lululemon Athletica INC | 0.1% | $1.4M12,500 sh | 114.14 → −15% | 53% undervalued | held |
| PENN | Penn Entertainment INC | 0.0% | $1.2M54,900 sh | 21.38 | — | held |
| EA | Electronic Arts INC | 0.0% | $1.0M5,100 sh | 204.99 | — | bought |
| BRK/A | Berkshire Hathaway INC | 0.0% | $748,8361 sh | 748,836.00 | — | held |
| BRSL | Brightstar Lottery PLC | 0.0% | $737,50568,733 sh | 10.73 | — | held |
| CPAC | Cementos Pacasmayo Saa | 0.0% | $594,50050,000 sh | 11.89 | — | bought |
| MX | Magnachip Semiconductor Corp | 0.0% | $296,25062,500 sh | 4.74 | — | reduced −50% |
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.