# Prem Watsa — Fairfax Financial Holdings Portfolio USD 2,638,454,000 · 32 positions · 2026 Q2 · history from 2008 Q2. Source: quarterly 13F filings via dataroma.com. Page: https://gigainvestors.com/FFH ## Positions (2026 Q2) | Ticker | Company | % of portfolio | Value | This quarter | Holders | |---|---|---:|---:|---|---:| | ORLA-OLD | Orla Mining Ltd | 22% | USD 568,456,000 | +83.55% | | | EGO | Eldorado Gold Corp. | 16% | USD 427,002,000 | new | | | KHC | Kraft Heinz Co. | 13% | USD 337,633,000 | +171.56% | | | UAA | Under Armour Inc. | 11% | USD 289,831,000 | +5.48% | | | CVS | CVS Health Corp. | 11% | USD 280,502,000 | hold | | | CLF | Cleveland-Cliffs Inc. | 5.3% | USD 139,904,000 | hold | | | UA | Under Armour CL C | 5.2% | USD 136,615,000 | hold | | | TAP | Molson Coors Beverage Co. | 2.9% | USD 77,666,000 | +38.65% | | | ATS | Ats Corp | 2.7% | USD 70,487,000 | hold | | | WEN | Wendy's Co. | 2.5% | USD 66,287,000 | +144.9% | | | TSM | Taiwan Semiconductor S.A. | 1.7% | USD 44,685,000 | hold | | | HP | Helmerich & Payne | 1.5% | USD 38,452,000 | hold | | | BNS | Bank of Nova Scotia | 1.2% | USD 31,166,000 | hold | | | GM | General Motors | 1.1% | USD 28,972,000 | hold | | | PFE | Pfizer Inc. | 1.0% | USD 25,116,000 | +5.35% | | | MRK | Merck & Co. | 0.8% | USD 22,199,000 | hold | | | JNJ | Johnson & Johnson | 0.7% | USD 18,641,000 | hold | | | KSPI | Jsc Kaspi.kz ADR | 0.4% | USD 9,175,000 | new | | | RCI | Rogers Communications Inc. | 0.2% | USD 4,871,000 | new | | | GTX | Garrett Motion Inc. | 0.1% | USD 3,723,000 | -44.28% | | | CNI | Canadian Natl Railway Co. | 0.1% | USD 2,952,000 | hold | | | CIGI | Colliers International Group Inc. | 0.1% | USD 2,326,000 | hold | | | WBD | Warner Bros. Discovery Inc. | 0.1% | USD 2,179,000 | +41.45% | | | DPZ | Dominos Pizza Inc. | 0.1% | USD 2,140,000 | new | | | CPRI | Capri Holdings Ltd | 0.1% | USD 1,450,000 | hold | | | LULU | Lululemon Athletica Inc. | 0.1% | USD 1,427,000 | hold | | | PENN | Penn National Gaming Inc. | <0.1% | USD 1,174,000 | hold | | | EA-OLD | Electronic Arts | <0.1% | USD 1,045,000 | new | | | BRK.A | Berkshire Hathaway CL A | <0.1% | USD 749,000 | hold | | | BRSL | Brightstar Lottery | <0.1% | USD 738,000 | hold | | | CPAC | Cementos Pacasmayo Saa ADR | <0.1% | USD 595,000 | new | | | MX | MagnaChip Semiconductor Corp. | <0.1% | USD 296,000 | -50% | | ## Moves this quarter (18) - ORLA-OLD Orla Mining Ltd: +83.55% (USD 568,456,000) - EGO Eldorado Gold Corp.: new (USD 427,002,000) - KHC Kraft Heinz Co.: +171.56% (USD 337,633,000) - UAA Under Armour Inc.: +5.48% (USD 289,831,000) - KW-OLD Kennedy-Wilson Holdings Inc.: sold (USD 144,277,357) - BB BlackBerry Ltd.: sold (USD 113,335,913) - TAP Molson Coors Beverage Co.: +38.65% (USD 77,666,000) - WEN Wendy's Co.: +144.9% (USD 66,287,000) - PFE Pfizer Inc.: +5.35% (USD 25,116,000) - KSPI Jsc Kaspi.kz ADR: new (USD 9,175,000) - RCI Rogers Communications Inc.: new (USD 4,871,000) - GTX Garrett Motion Inc.: -44.28% (USD 3,723,000) - WBD Warner Bros. Discovery Inc.: +41.45% (USD 2,179,000) - DPZ Dominos Pizza Inc.: new (USD 2,140,000) - EA-OLD Electronic Arts: new (USD 1,045,000) - CPAC Cementos Pacasmayo Saa ADR: new (USD 595,000) - PRTH Priority Technology Holdings: sold (USD 332,760) - MX MagnaChip Semiconductor Corp.: -50% (USD 296,000) ## Portfolio value by quarter - 2008 Q2: USD 3,544,078,365 (17 positions) - 2008 Q3: USD 3,758,420,990 (20 positions) - 2008 Q4: USD 5,158,964,899 (22 positions) - 2009 Q1: USD 4,318,276,607 (25 positions) - 2009 Q2: USD 5,213,067,723 (27 positions) - 2009 Q3: USD 6,626,218,931 (27 positions) - 2009 Q4: USD 3,675,578,989 (26 positions) - 2010 Q1: USD 3,242,941,190 (28 positions) - 2010 Q2: USD 2,346,335,529 (30 positions) - 2010 Q3: USD 2,008,341,633 (31 positions) - 2010 Q4: USD 2,537,968,877 (32 positions) - 2011 Q1: USD 2,790,128,359 (32 positions) - 2011 Q2: USD 2,715,088,705 (36 positions) - 2011 Q3: USD 1,951,452,588 (35 positions) - 2011 Q4: USD 1,742,624,399 (35 positions) - 2012 Q1: USD 2,105,918,178 (36 positions) - 2012 Q2: USD 1,805,104,239 (38 positions) - 2012 Q3: USD 1,868,223,821 (40 positions) - 2012 Q4: USD 2,408,880,378 (43 positions) - 2013 Q1: USD 2,578,289,358 (40 positions) - 2013 Q2: USD 2,384,423,708 (39 positions) - 2013 Q3: USD 1,492,543,891 (40 positions) - 2013 Q4: USD 1,293,455,654 (41 positions) - 2014 Q1: USD 1,411,434,487 (41 positions) - 2014 Q2: USD 1,448,072,845 (41 positions) - 2014 Q3: USD 1,464,907,671 (42 positions) - 2014 Q4: USD 1,544,657,314 (43 positions) - 2015 Q1: USD 1,419,508,761 (43 positions) - 2015 Q2: USD 1,363,150,024 (49 positions) - 2015 Q3: USD 1,081,669,683 (40 positions) - 2015 Q4: USD 1,232,054,238 (33 positions) - 2016 Q1: USD 1,125,713,765 (29 positions) - 2016 Q2: USD 1,031,225,831 (27 positions) - 2016 Q3: USD 1,109,437,858 (29 positions) - 2016 Q4: USD 1,168,166,784 (29 positions) - 2017 Q1: USD 1,238,431,443 (31 positions) - 2017 Q2: USD 1,129,494,101 (29 positions) - 2017 Q3: USD 1,221,514,241 (48 positions) - 2017 Q4: USD 1,417,997,553 (44 positions) - 2018 Q1: USD 1,338,356,096 (38 positions) - 2018 Q2: USD 1,246,364,685 (33 positions) - 2018 Q3: USD 1,712,575,557 (33 positions) - 2018 Q4: USD 1,269,666,978 (33 positions) - 2019 Q1: USD 1,824,770,208 (35 positions) - 2019 Q2: USD 1,766,125,009 (34 positions) - 2019 Q3: USD 1,666,597,282 (32 positions) - 2019 Q4: USD 2,032,498,040 (41 positions) - 2020 Q1: USD 1,443,895,480 (56 positions) - 2020 Q2: USD 1,592,895,068 (59 positions) - 2020 Q3: USD 1,771,978,003 (60 positions) - 2020 Q4: USD 2,249,730,107 (59 positions) - 2021 Q1: USD 2,866,345,772 (57 positions) - 2021 Q2: USD 3,107,323,631 (59 positions) - 2021 Q3: USD 3,065,085,398 (61 positions) - 2021 Q4: USD 3,119,291,837 (62 positions) - 2022 Q1: USD 3,009,008,496 (65 positions) - 2022 Q2: USD 2,836,885,624 (69 positions) - 2022 Q3: USD 3,544,097,528 (71 positions) - 2022 Q4: USD 3,693,557,154 (73 positions) - 2023 Q1: USD 1,404,999,807 (65 positions) - 2023 Q2: USD 1,531,141,079 (60 positions) - 2023 Q3: USD 1,530,972,965 (60 positions) - 2023 Q4: USD 1,469,415,047 (57 positions) - 2024 Q1: USD 1,228,687,353 (42 positions) - 2024 Q2: USD 1,182,684,450 (38 positions) - 2024 Q3: USD 1,099,473,075 (31 positions) - 2024 Q4: USD 1,556,294,404 (31 positions) - 2025 Q1: USD 1,845,439,193 (29 positions) - 2025 Q2: USD 1,871,729,884 (28 positions) - 2025 Q3: USD 2,063,913,570 (29 positions) - 2025 Q4: USD 2,083,071,178 (29 positions) - 2026 Q1: USD 1,942,520,164 (29 positions) - 2026 Q2: USD 2,638,454,000 (32 positions)