Prem Watsa portfolio & holdings
Fairfax Financial Holdings
Historical clone performance and limitations
Prem Watsa (Fairfax Financial Holdings) discloses a $2.64B portfolio across 32 US-listed positions in the latest 13F filing (2026Q2, filed Aug 14, 2026). The largest holding is ORLA at 21.5% of the book.
Q2 2026 reported changes: 6 new positions, 5 additions, 2 reductions, and 3 exits.
Holdings as of Jun 30, 2026; filed Aug 14, 2026. 13F filings do not reveal trade dates, prices, or reasons.
Open this manager's SEC filings ↗Latticework Follow
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Holdings (32) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | ORLA | 21.5% | $568M | |||
| 2 | EGO | 16.2% | $427M | |||
| 3 | KHC | 12.8% | $338M | |||
| 4 | UAA | 11.0% | $290M | |||
| 5 | CVS | 10.6% | $281M | |||
| 6 | CLF | 5.3% | $140M | |||
| 7 | UA | 5.2% | $137M | |||
| 8 | TAP | 2.9% | $78M | |||
| 9 | ATS | 2.7% | $70M | |||
| 10 | WEN | 2.5% | $66M | |||
| 11 | TSM | 1.7% | $45M | |||
| 12 | HP | 1.5% | $38M | |||
| 13 | BNS | 1.2% | $31M | |||
| 14 | GM | 1.1% | $29M | |||
| 15 | PFE | 1.0% | $25M | |||
| 16 | MRK | 0.8% | $22M | |||
| 17 | JNJ | 0.7% | $19M | |||
| 18 | KSPI | 0.3% | $9M | |||
| 19 | RCI | 0.2% | $5M | |||
| 20 | GTX | 0.1% | $4M | |||
| 21 | CNI | 0.1% | $3M | |||
| 22 | CIGI | 0.1% | $2M | |||
| 23 | WBD | 0.1% | $2M | |||
| 24 | DPZ | 0.1% | $2M | |||
| 25 | G1890L107 | 0.1% | $1M | |||
| 26 | LULU | 0.1% | $1M | |||
| 27 | PENN | <0.1% | $1M | |||
| 28 | EA | <0.1% | $1M | |||
| 29 | BRK/A | <0.1% | $749K | |||
| 30 | G4863A108 | <0.1% | $738K | |||
| 31 | CPAC | <0.1% | $595K | |||
| 32 | MX | <0.1% | $296K |
- 1ORLAport21.5%val$568MOrla Mining Ltdthis Q +84%·16q
- 2EGOport16.2%val$427MEldorado Gold Corpthis Q New·—1q
- 3KHCport12.8%val$338MKraft Heinz Co/thethis Q +172%·8q
- 4UAAport11.0%val$290MUnder Armour Inc-class Athis Q hold·9q
- 5CVSport10.6%val$281MCvs Health Corpthis Q hold·25q
- 6CLFport5.3%val$140MCleveland-cliffs Incthis Q hold·7q
- 7UAport5.2%val$137MUnder Armour Inc-class Cthis Q hold·16q
- 8TAPport2.9%val$78MMolson Coors Beverage CO - Bthis Q +39%·7q
- 9ATSport2.7%val$70MAts Corpthis Q hold·11q
- 10WENport2.5%val$66MWendy's Co/thethis Q +145%·2q
- 11TSMport1.7%val$45MTaiwan Semiconductor-sp Adrthis Q hold·36q
- 12HPport1.5%val$38MHelmerich & Paynethis Q hold·40q
- 13BNSport1.2%val$31MBank OF Nova Scotiathis Q hold·31q
- 14GMport1.1%val$29MGeneral Motors COthis Q hold·33q
- 15PFEport1.0%val$25MPfizer Incthis Q hold·29q
- 16MRKport0.8%val$22MMerck & Co. Inc.this Q hold·23q
- 17JNJport0.7%val$19MJohnson & Johnsonthis Q hold·40q
- 18KSPIport0.3%val$9MJsc Kaspi.kz Adrthis Q New·—1q
- 19RCIport0.2%val$5MRogers Communications Inc-bthis Q New·—1q
- 20GTXport0.1%val$4MGarrett Motion Incthis Q -44%·28q
- 21CNIport0.1%val$3MCanadian Natl Railway COthis Q hold·3q
- 22CIGIport0.1%val$2MColliers Intl Gr-subord Votthis Q hold·27q
- 23WBDport0.1%val$2MWarner Bros Discovery Incthis Q +41%·2q
- 24DPZport0.1%val$2MDomino's Pizza Incthis Q New·—1q
- 25G1890L107port0.1%val$1MCapri Holdings Ltdthis Q hold·12q
- 26LULUport0.1%val$1MLululemon Athletica Incthis Q hold·4q
- 27PENNport<0.1%val$1MPenn Entertainment Incthis Q hold·8q
- 28EAport<0.1%val$1MElectronic Arts Incthis Q New·—1q
- 29BRK/Aport<0.1%val$749KBerkshire Hathaway Inc-cl Athis Q hold·40q
- 30G4863A108port<0.1%val$738KBrightstar Lottery Plcthis Q hold·4q
- 31CPACport<0.1%val$595KCementos Pacasmayo Saa - Adrthis Q New·—1q
- 32MXport<0.1%val$296KMagnachip Semiconductor Corpthis Q -50%·21q
2026Q2 moves, by size (16)(expand ↓)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| ORLA | Orla Mining Ltd | ADD | 21.5% | +84% | $568M |
| EGO | Eldorado Gold Corp | NEW | 16.2% | +100% | $427M |
| KHC | Kraft Heinz Co/the | ADD | 12.8% | +172% | $338M |
| KW | Kennedy-wilson Holdings Inc | EXIT | 7.4% | -100% | $0 |
| BB | Blackberry Ltd | EXIT | 5.8% | -100% | $0 |
| TAP | Molson Coors Beverage CO - B | ADD | 2.9% | +39% | $78M |
| WEN | Wendy's Co/the | ADD | 2.5% | +145% | $66M |
| KSPI | Jsc Kaspi.kz Adr | NEW | 0.3% | +100% | $9M |
| RCI | Rogers Communications Inc-b | NEW | 0.2% | +100% | $5M |
| GTX | Garrett Motion Inc | TRIM | 0.1% | -44% | $4M |
| WBD | Warner Bros Discovery Inc | ADD | 0.1% | +41% | $2M |
| DPZ | Domino's Pizza Inc | NEW | 0.1% | +100% | $2M |
| EA | Electronic Arts Inc | NEW | <0.1% | +100% | $1M |
| CPAC | Cementos Pacasmayo Saa - Adr | NEW | <0.1% | +100% | $595K |
| MX | Magnachip Semiconductor Corp | TRIM | <0.1% | -50% | $296K |
| PRTH | Priority Technology Holdings | EXIT | <0.1% | -100% | $0 |
- ADDORLA21.5%Orla Mining LtdΔ +84%·$568M
- NEWEGO16.2%Eldorado Gold CorpΔ +100%·$427M
- ADDKHC12.8%Kraft Heinz Co/theΔ +172%·$338M
- EXITKW7.4%Kennedy-wilson Holdings IncΔ -100%·$0
- EXITBB5.8%Blackberry LtdΔ -100%·$0
- ADDTAP2.9%Molson Coors Beverage CO - BΔ +39%·$78M
- ADDWEN2.5%Wendy's Co/theΔ +145%·$66M
- NEWKSPI0.3%Jsc Kaspi.kz AdrΔ +100%·$9M
- NEWRCI0.2%Rogers Communications Inc-bΔ +100%·$5M
- TRIMGTX0.1%Garrett Motion IncΔ -44%·$4M
- ADDWBD0.1%Warner Bros Discovery IncΔ +41%·$2M
- NEWDPZ0.1%Domino's Pizza IncΔ +100%·$2M
- NEWEA<0.1%Electronic Arts IncΔ +100%·$1M
- NEWCPAC<0.1%Cementos Pacasmayo Saa - AdrΔ +100%·$595K
- TRIMMX<0.1%Magnachip Semiconductor CorpΔ -50%·$296K
- EXITPRTH<0.1%Priority Technology HoldingsΔ -100%·$0
About Prem Watsa
Prem Watsa built Fairfax Financial Holdings into a Toronto-based property-and-casualty insurer and investment conglomerate by applying a Graham-and-Dodd framework to the insurance float — a capital structure that draws obvious comparison to Berkshire Hathaway. His public notoriety peaked around the 2008 crisis, when Fairfax's equity hedges and CDS positions — assembled years early, when the trade was deeply unpopular — produced roughly $2 billion in gains and validated his willingness to hold contrarian macro hedges through prolonged pain. The 13F filed under Fairfax is a narrow slice: a concentrated, 29-position long book (~$1.9B) heavily weighted today toward names like ORLA, UAA, and CVS, but it excludes Fairfax's global insurance subsidiaries, international equity stakes, fixed-income portfolio, and any derivative overlays. Readers should treat the filing as a partial signal of Watsa's equity preferences, not a complete picture of how Fairfax's roughly $70B in assets is actually positioned.
2026Q2 brief
Prem Watsa's Fairfax Financial ran a $2.64B, 32-position book in 2026Q2 with a striking gold pivot at the top: EGO (Eldorado Gold) was initiated at 16.2% (~$427M), instantly becoming the second-largest position, while ORLA (Orla Mining) was nearly doubled (+83.6% to 21.5% / ~$568M). Combined, the two gold miners now represent over 37% of the U.S. equity book — a major macro statement on inflation hedging and precious metals. Simultaneously, KHC (Kraft Heinz) was aggressively increased 171.6% to 12.8%, and WEN (Wendy's) was boosted 144.9% to 2.5%, leaning into beaten-down consumer staples and QSR names trading at distressed-adjacent multiples. The exits of KW (Kennedy-Wilson, 7.4%) and BB (BlackBerry, 5.8%) mark a clean break from real estate credit stress and a long-suffering tech turnaround. UAA and CVS remain sizable at 11.0% and 10.6% respectively. Watsa's book now reads as a concentrated contrarian blend of gold, distressed consumer, and fallen compounders. Watch whether the EGO/ORLA gold bloc continues growing — any further add would confirm a deliberate macro hedge rather than opportunistic positioning.
AI-generated. Not investment advice.
Filing history
Prem Watsa's disclosed 13F portfolio value and position count by quarter — the trajectory across every SEC filing.
| Quarter | Positions | Portfolio value |
|---|---|---|
| Q2 2026 — what changed → | 32 | $2.64B |
| Q1 2026 — what changed → | 29 | $1.94B |
| Q4 2025 — what changed → | 29 | $2.08B |
| Q3 2025 — what changed → | 29 | $2.06B |
| Q2 2025 — what changed → | 28 | $1.87B |
| Q1 2025 — what changed → | 29 | $1.84B |
| Q4 2024 holdings | 31 | $1.56B |
| Q3 2024 holdings | 31 | $1.10B |
| Q2 2024 holdings | 38 | $1.18B |
| Q1 2024 holdings | 42 | $1.23B |
| Q4 2023 holdings | 57 | $1.47B |
| Q3 2023 holdings | 61 | $1.86B |
Values as disclosed at each quarter end. Older filings on EDGAR.
Manager evidence
6 material decisions, preserved in sequence.
See what Prem Watsa bought, added, trimmed, or exited across eight quarters—plus disclosure lag, SEC sources, and observed outcomes versus SPY. No guru grade.
Open Prem Watsa's decision evidence →Frequently asked questions
- What stocks does Prem Watsa own?
- As of 2026Q2, Prem Watsa's 13F discloses 32 positions worth $2.64B. The top five holdings: ORLA (21.5%), EGO (16.2%), KHC (12.8%), UAA (11.0%), CVS (10.6%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
- What did Prem Watsa buy this quarter?
- In 2026Q2, the filing shows 6 new positions and 5 additions to existing holdings. The largest positions touched by buying: ORLA, EGO, KHC, TAP, WEN.
- How big is Prem Watsa's portfolio?
- $2.64B across 32 positions per the latest 13F (filed Aug 14, 2026). The top five holdings account for 72% of the disclosed book.
Similar portfolios
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0000915191). Not investment advice.