Fairfax Financial Holdings 13F, Q1 2025
Prem Watsa · quarter ending 31 March 2025 · filed 15 May 2025 · SEC CIK 915191
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2025
The 25 largest of 29 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| ORLA MINING LTD | ORLA | $527.02M | 28.6% | unchanged |
| OCCIDENTAL PETROLEUM CORP | OXY | $297.41M | 16.1% | unchanged |
| CVS HEALTH CORP | CVS | $183.77M | 10.0% | unchanged |
| BLACKBERRY LTD | BB | $175.68M | 9.5% | unchanged |
| CLEVELAND-CLIFFS INC | CLF | $122.47M | 6.6% | +153% shares |
| KENNEDY-WILSON HOLDINGS INC | $115.50M | 6.3% | unchanged | |
| KRAFT HEINZ CO | KHC | $102.18M | 5.5% | unchanged |
| MOLSON COORS BEVERAGE CO | TAP | $73.46M | 4.0% | unchanged |
| ATS CORP | ATS | $60.77M | 3.3% | unchanged |
| UNDER ARMOUR INC | UAA | $39.39M | 2.1% | unchanged |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $23.51M | 1.3% | unchanged |
| HELMERICH & PAYNE INC | HP | $20.21M | 1.1% | unchanged |
| GENERAL MOTORS CO | GM | $17.67M | 1.0% | unchanged |
| BANK OF NOVA SCOTIA | BNS | $17.03M | 0.9% | unchanged |
| PFIZER INC | PFE | $16.49M | 0.9% | unchanged |
| MERCK & CO INC | MRK | $15.51M | 0.8% | unchanged |
| JOHNSON & JOHNSON | JNJ | $12.18M | 0.7% | unchanged |
| MICRON TECHNOLOGY INC | MU | $6.95M | 0.4% | unchanged |
| FRANCO-NEVADA CORP | FNV | $2.64M | 0.1% | unchanged |
| COLLIERS INTL GROUP INC | CIGI | $2.59M | 0.1% | -12% shares |
| GARRETT MOTION INC | GTX | $2.55M | 0.1% | unchanged |
| KKR & CO INC | KKR | $2.31M | 0.1% | -15% shares |
| GENTEX CORP | GNTX | $1.98M | 0.1% | unchanged |
| CAPRI HOLDINGS LTD | $1.54M | 0.1% | unchanged | |
| AUTOHOME INC | ATHM | $1.50M | 0.1% | unchanged |
What changed since Q4 2024
Against the Q4 2024 filing, Fairfax Financial Holdings opened 1 new position, added to 1, trimmed 2, left 25 unchanged and exited 3. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001104659-25-048781, filed by FAIRFAX FINANCIAL HOLDINGS LTD/ CAN. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.