Fairfax Financial portfolio
Prem Watsa's investment firm, Toronto · 13F holdings for the quarter ended June 30, 2026
Filed with the SEC August 14, 2026 · Next filing due by November 14, 2026
Reported value
$2.6B
up from $1.9B in Q1 2026
Positions
32
29 last quarter
Top 10 holdings
90.7%
of the portfolio
This quarter
6 new · 3 sold
7 added to, 2 trimmed
What Watsa did in Q2 2026
Fairfax Financial opened 6 new positions, the largest Eldorado Gold, Joint Stock Co Kaspi.kz and Rogers Communications. It raised its stake in Kraft Heinz by 172%, Wendy's by 145% and Orla Mining by 84%. It sold out of Kennedy-Wilson Holdings, Blackberry and Priority Technology Holdings. It cut Magnachip Semiconductor by 50%. Orla Mining is still the largest holding, at 21.5% of the portfolio.
Biggest buys
- Eldorado Gold EGONew
- Joint Stock Co Kaspi.kz KSPINew
- Rogers Communications RCINew
- Dominos Pizza DPZNew
- Electronic Arts EANew
Biggest sells
- Kennedy-Wilson Holdings KWSold out
- Blackberry BBSold out
- Priority Technology Holdings PRTHSold out
- Magnachip Semiconductor MX−50%
- Garrett Motion GTX−44%
Top 15 holdings
Values as reported in the 13F, not today’s prices| # | Company | Share of portfolio | Reported value | Change vs Q1 2026 | Held since |
|---|---|---|---|---|---|
| 1 | Orla MiningORLA | 21.5% | $568.5M | +84% | Q3 2024 or earlier |
| 2 | Eldorado GoldEGO | 16.2% | $427.0M | New | Q2 2026 |
| 3 | Kraft HeinzKHC | 12.8% | $337.6M | +172% | Q3 2024 or earlier |
| 4 | Under ArmourUAA | 11.0% | $289.8M | +5% | Q3 2024 or earlier |
| 5 | CVS HealthCVS | 10.6% | $280.5M | No change | Q4 2024 |
| 6 | Cleveland-CliffsCLF | 5.3% | $139.9M | No change | Q4 2024 |
| 7 | Under ArmourUA | 5.2% | $136.6M | No change | Q4 2025 |
| 8 | Molson Coors BeverageTAP | 2.9% | $77.7M | +39% | Q4 2024 |
| 9 | AtsATS | 2.7% | $70.5M | No change | Q3 2024 or earlier |
| 10 | Wendy'sWEN | 2.5% | $66.3M | +145% | Q1 2026 |
| 11 | Taiwan Semiconductor ManufacturingTSM | 1.7% | $44.7M | No change | Q3 2024 or earlier |
| 12 | Helmerich & PayneHP | 1.5% | $38.5M | No change | Q3 2024 or earlier |
| 13 | Bank Of Nova ScotiaBNS | 1.2% | $31.2M | No change | Q3 2024 or earlier |
| 14 | General MotorsGM | 1.1% | $29.0M | No change | Q3 2024 or earlier |
| 15 | PfizerPFE | 1.0% | $25.1M | +5% | Q3 2024 or earlier |
17 more positions, plus every quarter’s holdings going back years.Request early access to see the full portfolio →
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About this data
- What is a 13F?
- A quarterly report to the SEC in which an investment manager with over $100 million in US-listed stocks lists what it holds.
- How current is it?
- Managers file up to 45 days after each quarter ends, so the holdings may have changed since.
- Whose figures are these?
- The values are as the manager reported them in the filing, not today's prices. The SEC lets a manager keep some positions confidential for a time, and those are not in the filing.
- What does it leave out?
- Short positions, cash, bonds and most holdings outside US markets. Options are left out here too.