Fairfax Financial Holdings 13F, Q1 2026
Prem Watsa · quarter ending 31 March 2026 · filed 15 May 2026 · SEC CIK 915191
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2026
The 25 largest of 29 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2025 filing.
| Company | Ticker | Value | % of book | vs Q4 2025 |
|---|---|---|---|---|
| ORLA MINING LTD | ORLA | $501.58M | 25.8% | unchanged |
| UNDER ARMOUR INC | UAA | $253.71M | 13.1% | +3% shares |
| CVS HEALTH CORP | CVS | $194.78M | 10.0% | unchanged |
| KENNEDY-WILSON HOLDINGS INC | $144.28M | 7.4% | unchanged | |
| UNDER ARMOUR INC | UA | $126.93M | 6.5% | +133% shares |
| CLEVELAND-CLIFFS INC | CLF | $125.75M | 6.5% | unchanged |
| KRAFT HEINZ CO | KHC | $118.43M | 6.1% | +3% shares |
| BLACKBERRY LTD | BB | $113.34M | 5.8% | unchanged |
| ATS CORP | ATS | $69.35M | 3.6% | unchanged |
| MOLSON COORS BEVERAGE CO | TAP | $61.94M | 3.2% | +8% shares |
| HELMERICH & PAYNE INC | HP | $42.30M | 2.2% | unchanged |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $31.68M | 1.6% | unchanged |
| GENERAL MOTORS CO | GM | $28.01M | 1.4% | unchanged |
| PFIZER INC | PFE | $27.81M | 1.4% | +11% shares |
| BANK NOVA SCOTIA | BNS | $24.82M | 1.3% | unchanged |
| WENDYS CO | WEN | $22.75M | 1.2% | new |
| MERCK & CO INC | MRK | $20.80M | 1.1% | unchanged |
| JOHNSON & JOHNSON | JNJ | $17.94M | 0.9% | unchanged |
| GARRETT MOTION INC | GTX | $3.35M | 0.2% | -29% shares |
| COLLIERS INTL GROUP INC | CIGI | $2.61M | 0.1% | +14% shares |
| CANADIAN NATIONAL RAILWAY CO | CNI | $2.53M | 0.1% | +25% shares |
| LULULEMON ATHLETICA INC | LULU | $1.91M | 0.1% | unchanged |
| WARNER BROS DISCOVERY INC | WBD | $1.59M | 0.1% | new |
| CAPRI HOLDINGS LTD | $1.38M | 0.1% | unchanged | |
| BRIGHTSTAR LOTTERY PLC | $875.0K | 0.1% | +88% shares |
What changed since Q4 2025
Against the Q4 2025 filing, Fairfax Financial Holdings opened 2 new positions, added to 8, trimmed 1, left 18 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 0001104659-26-061601, 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.