Fairfax Financial Holdings

Prem Watsa

Period

Q1 2026

Portfolio Date

Mar 31, 2026

Stocks Held

29

Market Value

$1.9B

Portfolio Analysis

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I. Institutional Overview

Prem Watsa, the Chairman and CEO of Fairfax Financial Holdings, has long been regarded as the "Warren Buffett of Canada." This moniker is not merely a tribute to his success but a reflection of his disciplined, value-oriented investment philosophy that prioritizes long-term capital appreciation over short-term market fluctuations. As of the first quarter of...

The current scale of the portfolio, sitting just under the $2 billion mark, suggests a stable yet highly selective investment vehicle. Unlike larger institutional giants that manage hundreds of billions across thousands of tickers, Fairfax operates with a surgical precision. The decision to maintain only 29 positions indicates that each holding is the...

The psychological portrait of Fairfax Financial Holdings in early 2026 is one of patient aggression. The institution appears to be in a phase of strategic refinement, as evidenced by the total liquidation of certain high-profile energy positions and the aggressive doubling down on consumer-facing turnaround stories. This shift reflects a move away from the...

Based on the latest available 13F filing.

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Holdings Value Trend

Q2 2024

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Historical Positions

SymbolQ1 2026Q4 2025Q3 2025Q2 2025
ORLA25.8%20.3%29.6%29.9%
UAA13.1%10.0%-2.3%
CVS10.0%10.3%9.9%10.0%
KW7.4%6.2%5.4%4.8%
UA6.5%---
CLF6.5%9.5%8.8%6.0%
KHC6.1%6.0%6.5%6.7%
BB5.8%6.3%8.3%10.0%
ATS3.6%3.3%3.1%4.2%
TAP3.2%3.0%2.8%3.1%

Post-Filing Contributors

Price change since reported price, ranked by portfolio contribution

BB+186.73%
CVS+41.13%
CLF+62.25%
ATS-4.68%
KHC+7.69%

Post-Filing Detractors

Price change since reported price, ranked by portfolio contribution

ORLA-35.77%
UAA+1.69%
UA+0.69%
TAP-4.95%

Sector Analysis

Energy2.2%
Others0.0%
Materials32.3%
Financials1.3%
Healthcare13.4%
Technology7.5%
Industrials3.7%
Real Estate7.6%

Trading Summary