Fairfax Financial Holdings 13F, Q3 2025
Prem Watsa · quarter ending 30 September 2025 · filed 14 November 2025 · SEC CIK 915191
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2025
The 25 largest of 29 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| ORLA MINING LTD | ORLA | $610.48M | 29.6% | unchanged |
| OCCIDENTAL PETROLEUM CORP | OXY | $285.94M | 13.8% | unchanged |
| CVS HEALTH CORP | CVS | $204.38M | 9.9% | unchanged |
| CLEVELAND-CLIFFS INC | CLF | $181.77M | 8.8% | unchanged |
| BLACKBERRY LTD | BB | $172.38M | 8.3% | -13% shares |
| KRAFT HEINZ CO | KHC | $133.25M | 6.5% | +5% shares |
| KENNEDY-WILSON HOLDINGS INC | $110.84M | 5.4% | unchanged | |
| ATS CORP | ATS | $64.13M | 3.1% | unchanged |
| MOLSON COORS BEVERAGE CO | TAP | $58.36M | 2.8% | +6% shares |
| VANGUARD INDEX FUNDS | VOO | $35.67M | 1.7% | -20% shares |
| UNDER ARMOUR INC | UAA | $31.50M | 1.5% | unchanged |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $26.16M | 1.3% | unchanged |
| HELMERICH & PAYNE INC | HP | $25.95M | 1.3% | +21% shares |
| BANK OF NOVA SCOTIA | BNS | $23.21M | 1.1% | unchanged |
| GENERAL MOTORS CO | GM | $22.92M | 1.1% | unchanged |
| PFIZER INC | PFE | $22.69M | 1.1% | +37% shares |
| MERCK & CO INC | MRK | $14.51M | 0.7% | unchanged |
| JOHNSON & JOHNSON | JNJ | $13.61M | 0.7% | unchanged |
| LULULEMON ATHLETICA INC | LULU | $4.45M | 0.2% | new |
| DOLLAR TREE INC | DLTR | $4.19M | 0.2% | new |
| GARRETT MOTION INC | GTX | $4.11M | 0.2% | unchanged |
| FRANCO-NEVADA CORP | FNV | $3.74M | 0.2% | unchanged |
| COLLIERS INTL GROUP INC | CIGI | $3.40M | 0.2% | unchanged |
| KKR & CO INC | KKR | $2.60M | 0.1% | unchanged |
| CAPRI HOLDINGS LTD | $1.55M | 0.1% | unchanged |
What changed since Q2 2025
Against the Q2 2025 filing, Fairfax Financial Holdings opened 3 new positions, added to 4, trimmed 2, left 20 unchanged and exited 2. 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 0001104659-25-111826, 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.