Prem Watsa

Net buying

Fairfax Financial Holdings Ltd/ Can — managed by Prem Watsa; US equity positions disclosed quarterly via SEC 13F

Data as of 2026-06-30 (filed 2026-08-14) · Source: SEC EDGAR

Portfolio value$2.64B (+36%)

Holdings32 (+3)

Top holdingOrla Mining Ltd

Below band2

New

Added

Exited

By what price implies: 6 demand a demanding growth rate, 1 modest.

13F × valuation

Valuation posture

Of 5 valued US positions, 2 trade below a conservative value band (1 in the strike zone) (as of 2026-08-26):

Lululemon Athletica IncLULU46% · strike
Brightstar Lottery PlcBRSL28% · below

13F · concentration

Lonely conviction

Held by ≤2 tracked superinvestors, each ≥3% of this portfolio (as of 2026-06-30):

SEC 13F · latest filing

Holdings

Security	Value	Valuation	Holders	Shares	Weight	Signal
Orla Mining LtdORLA	$568.5M	—	2	58,399,504	21.5%	Big new
Eldorado Gold CorpEGO	$427.0M	—	2	13,746,506	16.2%	Big new
Kraft Heinz CoKHC	$337.6M	—	10	14,306,500	12.8%	Big new
Under Armour IncUAA	$289.8M	—	1	45,356,965	11.0%	Adding 3q
Cvs Health CorpCVS	$280.5M	—	14	2,712,000	10.6%	Core 7q
Cleveland-Cliffs IncCLF	$139.9M	—	3	14,899,273	5.3%	No trim 7q
Under Armour IncUA	$136.6M	—	1	21,999,128	5.2%	—
Molson Coors Beverage CoTAP	$77.7M	—	4	1,994,500	2.9%	Adding 7q
Ats CorpATS	$70.5M	—	2	2,486,400	2.7%	No trim 8q
Wendys CoWEN	$66.3M	—	4	8,005,627	2.5%	—
Taiwan Semiconductor Mfg LtdTSM	$44.7M	—	28	93,700	1.7%	—
Helmerich & Payne IncHP	$38.5M	—	3	1,174,105	1.5%	No trim 8q
Bank Nova ScotiaBNS	$31.2M	—	4	359,100	1.2%	No trim 8q
General Motors CoGM	$29.0M	—	10	375,965	1.1%	No trim 8q
Pfizer IncPFE	$25.1M	—	11	1,043,900	1.0%	No trim 8q
Merck & Co IncMRK	$22.2M	—	12	172,900	0.8%	—
Johnson & JohnsonJNJ	$18.6M	—	14	73,400	0.7%	—
Kaspi Kz JscKSPI	$9.2M	—	8	106,000	0.3%	—
Rogers Communications IncRCI	$4.9M	—	3	150,200	0.2%	—
Garrett Motion IncGTX	$3.7M	—	2	102,783	0.1%	—
Canadian National Railway CoCNI	$3.0M	—	6	24,800	0.1%	—
Colliers Intl Group IncCIGI	$2.3M	—	4	25,000	0.1%	—
Warner Bros Discovery IncWBD	$2.2M	—	6	81,900	0.1%	—
Domino's Pizza IncDPZ	$2.1M	—	4	7,230	0.1%	—
Capri Holdings LtdCPRI	$1.5M	—	2	78,100	0.1%	—

Orla Mining LtdORLABig new
Value$568.5MValuation—Holders2Weight21.5%
Eldorado Gold CorpEGOBig new
Value$427.0MValuation—Holders2Weight16.2%
Kraft Heinz CoKHCBig new
Value$337.6MValuation—Holders10Weight12.8%
Under Armour IncUAAAdding 3q
Value$289.8MValuation—Holders1Weight11.0%
Cvs Health CorpCVSCore 7q
Value$280.5MValuation—Holders14Weight10.6%
Cleveland-Cliffs IncCLFNo trim 7q
Value$139.9MValuation—Holders3Weight5.3%
Under Armour IncUA—
Value$136.6MValuation—Holders1Weight5.2%
Molson Coors Beverage CoTAPAdding 7q
Value$77.7MValuation—Holders4Weight2.9%
Ats CorpATSNo trim 8q
Value$70.5MValuation—Holders2Weight2.7%
Wendys CoWEN—
Value$66.3MValuation—Holders4Weight2.5%
Taiwan Semiconductor Mfg LtdTSM—
Value$44.7MValuation—Holders28Weight1.7%
Helmerich & Payne IncHPNo trim 8q
Value$38.5MValuation—Holders3Weight1.5%
Bank Nova ScotiaBNSNo trim 8q
Value$31.2MValuation—Holders4Weight1.2%
General Motors CoGMNo trim 8q
Value$29.0MValuation—Holders10Weight1.1%
Pfizer IncPFENo trim 8q
Value$25.1MValuation—Holders11Weight1.0%
Merck & Co IncMRK—
Value$22.2MValuation—Holders12Weight0.8%
Johnson & JohnsonJNJ—
Value$18.6MValuation—Holders14Weight0.7%
Kaspi Kz JscKSPI—
Value$9.2MValuation—Holders8Weight0.3%
Rogers Communications IncRCI—
Value$4.9MValuation—Holders3Weight0.2%
Garrett Motion IncGTX—
Value$3.7MValuation—Holders2Weight0.1%
Canadian National Railway CoCNI—
Value$3.0MValuation—Holders6Weight0.1%
Colliers Intl Group IncCIGI—
Value$2.3MValuation—Holders4Weight0.1%
Warner Bros Discovery IncWBD—
Value$2.2MValuation—Holders6Weight0.1%
Domino's Pizza IncDPZ—
Value$2.1MValuation—Holders4Weight0.1%
Capri Holdings LtdCPRI—
Value$1.5MValuation—Holders2Weight0.1%

Showing top 25 of 32 positions

Exited this quarter (3)Kennedy-Wilson Holdings Inc、Blackberry Ltd、Priority Tech Holdings Inc

What is a superinvestor

About this investor

Portfolio overview

Fairfax Financial Holdings Ltd/ Can's most recent 13F filing, for the quarter ended 2026-06-30, reports 32 positions worth $2.64B. The top 5 holdings represent 72% of that value, a concentrated portfolio.

The single largest position is Orla Mining Ltd at 21.5% of the portfolio, followed by Eldorado Gold Corp at 16.2% and Kraft Heinz Co at 12.8%.

Against the prior quarter, Prem Watsa opened 6 new positions, exited 3, added to 7, and trimmed 2. The largest new buy was Eldorado Gold Corp. The most notable sale was the full exit from Blackberry Ltd.

Across all 8 quarters on file, Orla Mining Ltd has appeared in every filing, as has Kraft Heinz Co. Orla Mining Ltd currently ranks first by value.

A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.

Prem Watsa holds 1 position now in the strike zone. See the full strike-zone list

Sources· SEC EDGAR 13F as of 2026-06-30 · filed 2026-08-14

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