What Prem Watsa bought and sold in Q4 2025

In Q4 2025, Prem Watsa (Fairfax Financial Holdings) opened 3 new positions — including UA (2.2%), CNI (0.1%), PRTH (<0.1%), added to 1, trimmed 2, exited 3 (DLTR, FNV, KKR). The book stood at $2.08B across 29 positions, filed Feb 17, 2026.

Changes vs the prior quarter's 13F, long US equity positions only (no shorts, options, or non-US listings). ADD/TRIM are share- count changes of ±20% or more. Sourced from SEC EDGAR. Not investment advice.