Prem Watsa Fairfax Financial Holdings
Prem Watsa is the founder and chairman of Fairfax Financial Holdings, a Canada-based insurance and investment company frequently compared to a Berkshire-style model. Fairfax combines underwriting operations with a value-oriented investment portfolio managed with a long-term horizon. Watsa is known for contrarian positioning, careful attention to insurance float, and candid annual letters.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eldorado Gold
EGO
|
+$448M |
| 2 |
ORLA
Orla Mining
ORLA
|
+$354M |
| 3 |
Kraft Heinz
KHC
|
+$209M |
| 4 |
Wendy's
WEN
|
+$33.9M |
| 5 |
Molson Coors Class B
TAP
|
+$23.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KW
Kennedy-Wilson Holdings
KW
|
+$144M |
| 2 |
BlackBerry
BB
|
+$113M |
| 3 |
Garrett Motion
GTX
|
+$2.27M |
| 4 |
Priority Technology Holdings
PRTH
|
+$333K |
| 5 |
Magnachip Semiconductor
MX
|
+$303K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 43.05% |
| 2 | Consumer Discretionary | 20.18% |
| 3 | Consumer Staples | 15.74% |
| 4 | Healthcare | 13.13% |
| 5 | Industrials | 2.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
lululemon athletica
LULU
$13.7B
| $1.43M | 0.05% |
12,500
| – | – |
|
27
PENN Entertainment
PENN
$2.5B
| $1.17M | 0.04% |
54,900
| – | – |
|
|
EA
28
DELISTED
Electronic Arts
EA
| $1.05M | 0.04% |
+5,100
| New | +$1.03M |
|
29
Berkshire Hathaway Class A
BRK.A
$1.06T
| $749K | 0.03% |
1
| – | – |
|
|
BRSL
30
Brightstar Lottery PLC
BRSL
$2.21B
| $738K | 0.03% |
68,733
| – | – |
|
|
CPAC
31
Cementos Pacasmayo
CPAC
$1B
| $595K | 0.02% |
+50,000
| New | +$542K |
|
|
32
Magnachip Semiconductor
MX
$121M
| $296K | 0.01% |
62,500
-62,500
| -50% | -$303K |
|
|
33
BlackBerry
BB
$4.71B
| – | – |
-34,980,220
| Closed | -$113M |
|
|
KW
34
DELISTED
Kennedy-Wilson Holdings
KW
| – | – |
-13,322,009
| Closed | -$144M |
|
|
35
Priority Technology Holdings
PRTH
$462M
| – | – |
-70,500
| Closed | -$333K |
|
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Prem Watsa's Q2 2026 Portfolio in Review
As of Q2 2026, Prem Watsa held 35 positions worth $2.64B, up 36% from $1.94B the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Prem Watsa deployed $841M of net new capital in Q2 2026, opening 6 new positions and adding to 7 existing holdings. Its largest new stake was Eldorado Gold: 13,746,506 shares worth $427M.
By sector, the portfolio is most concentrated in Materials at 43% of assets, up from 32% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
On the sell side, the largest reduction was Garrett Motion, an estimated $2.27M trimmed.
- Prem Watsa's largest Q2 2026 buy was Eldorado Gold: 13,746,506 shares worth $427M.
- Prem Watsa added most to Orla Mining in Q2 2026, an estimated $354M increase.
- Prem Watsa's biggest Q2 2026 reduction was Garrett Motion, cutting an estimated $2.27M.
- Prem Watsa fully exited Kennedy-Wilson Holdings in Q2 2026, selling an estimated $144M.
- Prem Watsa's ten largest holdings make up 91% of its $2.64B portfolio in Q2 2026.
- Prem Watsa opened 6 new positions and closed 3 in Q2 2026.
- Prem Watsa's portfolio value rose 36% quarter-over-quarter to $2.64B.
Based on Fairfax Financial Holdings's 13F filing for Q2 2026, filed 14 Aug 2026.