Prem Watsa - Fairfax Financial Holdings
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    29
Portfolio value:    $1,942,669,475
Holdings Activity Buys Sells    History
History Stock % of
Portfolio
Recent
Activity
Shares Avg. Buy
Price*
Value Current
Price
+/-
Since
Buy
52
Week
Low
52
Week
High
ORLA - Orla Mining Ltd. 25.82 31,817,229 $3.67 $501,579,333 $9.43 157.11% $9.15 $21.95
UAA - Under Armour, Inc. 13.06 Add 2.48% 43,000,872 $5.35 $253,705,145 $6.75 26.15% $4.13 $8.15
CVS - CVS Health Corp. 10.03 2,712,000 $44.89 $194,775,840 $105.90 135.91% $57.05 $106.39
KW-OLD - Kennedy-Wilson Holdings, Inc. 7.43 13,322,009 $22.63 $144,277,357 $10.92 -51.75% $6.32 $10.96
UA - Under Armour, Inc. 6.53 Add 132.61% 21,999,128 $5.35 $126,934,969 $6.61 23.48% $3.95 $7.91
CLF - Cleveland-Cliffs Inc. 6.47 14,899,273 $8.69 $125,749,864 $9.71 11.77% $7.73 $16.70
KHC - The Kraft Heinz Co. 6.10 Add 2.91% 5,268,200 $29.47 $118,429,136 $25.23 -14.39% $20.66 $27.35
BB - BlackBerry Ltd. 5.83 34,980,220 $7.93 $113,335,913 $10.71 35.10% $3.12 $13.59
ATS - ATS Corp. 3.57 2,486,400 $29.69 $69,352,987 $27.30 -8.04% $23.85 $35.82
TAP - Molson Coors Beverage Co. 3.19 Add 7.47% 1,438,500 $55.34 $61,941,810 $39.88 -27.94% $38.04 $53.62
HP - Helmerich & Payne, Inc. 2.18 1,174,105 $28.58 $42,303,003 $33.97 18.85% $14.62 $41.82
TSM - Taiwan Semiconductor 1.63 93,700 $88.13 $31,679,970 $421.58 378.37% $221.25 $479.00
GM - General Motors Co. 1.44 375,965 $34.90 $28,009,392 $76.72 119.85% $48.43 $87.22
PFE - Pfizer Inc. 1.43 Add 11.22% 990,900 $31.58 $27,814,563 $24.48 -22.48% $21.97 $28.28
BNS - The Bank of Nova Scotia 1.28 359,100 $50.29 $24,822,057 $88.00 75.00% $53.82 $88.17
WEN - The Wendy's Co. 1.17 Buy 3,268,902 $6.96 $22,751,558 $7.50 7.76% $6.07 $11.22
MRK - Merck & Co., Inc. 1.07 172,900 $76.75 $20,799,870 $124.03 61.60% $74.18 $130.29
JNJ - Johnson & Johnson 0.92 73,400 $86.47 $17,937,492 $257.77 198.11% $151.03 $269.43
GTX - Garrett Motion Inc. 0.17 Reduce 29.18% 184,460 $7.80 $3,351,638 $31.50 304.01% $10.87 $36.25
CIGI - Colliers International Group Inc. 0.13 Add 13.64% 25,000 $80.94 $2,606,499 $96.68 19.45% $88.24 $171.06
CNI - Canadian National Railway Co. 0.13 Add 25.25% 24,800 $99.63 $2,532,690 $125.31 25.78% $89.68 $126.12
LULU - lululemon athletica inc. 0.10 12,500 $177.82 $1,912,125 $120.30 -32.35% $104.44 $236.19
WBD - Warner Bros. Discovery, Inc. 0.08 Buy 57,900 $27.44 $1,588,776 $27.09 -1.28% $10.76 $30.00
CPRI - Capri Holdings Ltd. 0.07 78,100 $45.38 $1,377,684 $17.47 -61.50% $16.72 $28.27
BRSL - Brightstar Lottery PLC 0.05 Add 87.63% 68,733 $15.14 $874,971 $10.82 -28.53% $10.20 $17.63
PENN - PENN Entertainment, Inc. 0.04 54,900 $17.87 $825,147 $20.48 14.61% $11.65 $22.36
BRK.A - Berkshire Hathaway CL A 0.04 1 $37,339.35 $718,176 $744,850.00 1,894.81% $685,150.00 $775,000.00
MX - Magnachip Semiconductor Corp. 0.02 125,000 $20.11 $348,750 $3.81 -81.06% $2.18 $9.86
PRTH - Priority Technology Holdings, Inc. 0.02 70,500 $5.44 $332,760 $7.13 31.07% $4.44 $8.59
* Avg. Buy Price is an estimated cost basis: the share-weighted average of the quarter-end prices reported when this manager first bought or later added to the position (average-cost method, reset after a full exit). 13F filings disclose only quarter-end holdings, not actual trade prices, so this approximates — but does not exactly equal — what was paid.
Sector % analysis
Basic Materials 32.29
Consumer Cyclical 22.64
Healthcare 13.45
Consumer Defensive 9.28
Real Estate 7.56
Technology 7.50
Industrials 3.70
Energy 2.18
Financial Services 1.31
Communication Services 0.08