We are live on ! Find out more
PW

Prem Watsa Fairfax Financial Holdings

AUM $2.64B
1-Year Est. Return 24.46%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+5.92%
1 Year Est. Return
+24.46%
3 Year Est. Return
+70.73%
5 Year Est. Return
+102.15%
10 Year Est. Return
+491.91%
AUM
$2.08B
AUM Growth
+$18.8M
Cap. Flow
-$107M
Cap. Flow %
-5.14%
Top 10 Hldgs %
86.86%
Holding
32
New
3
Increased
2
Reduced
4
Closed
3

Top Buys

Rank Stock Value
1
UAA icon
Under Armour
UAA
+$165M
2
UA icon
Under Armour Class C
UA
+$42.1M
3
TAP icon
Molson Coors Class B
TAP
+$2.23M
4
CNI icon
Canadian National Railway
CNI
+$1.9M
5
PRTH icon
Priority Technology Holdings
PRTH
+$436K

Top Sells

Rank Stock Value
1
ORLA
Orla Mining
ORLA
+$303M
2
DLTR icon
Dollar Tree
DLTR
+$4.19M
3
FNV icon
Franco-Nevada
FNV
+$3.74M
4
KKR icon
KKR & Co
KKR
+$2.6M
5
LULU icon
lululemon athletica
LULU
+$2.26M

Sector Composition

Rank Sector Weight
1 Materials 29.82%
2 Consumer Discretionary 14.16%
3 Energy 13.55%
4 Healthcare 13%
5 Consumer Staples 8.96%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BRK.A icon
26
Berkshire Hathaway Class A
BRK.A
$1.06T
$753K 0.04%
1
– –
BRSL
27
Brightstar Lottery PLC
BRSL
$2.21B
$567K 0.03%
36,633
– –
PRTH icon
28
Priority Technology Holdings
PRTH
$462M
$384K 0.02%
+70,500
New +$436K
MX icon
29
Magnachip Semiconductor
MX
$121M
$316K 0.02%
125,000
– –
DLTR icon
30
Dollar Tree
DLTR
$25.3B
– –
-44,380
Closed -$4.19M
FNV icon
31
Franco-Nevada
FNV
$51.3B
– –
-16,800
Closed -$3.74M
KKR icon
32
KKR & Co
KKR
$97.4B
– –
-20,000
Closed -$2.6M
1
2

Similar funds

NSUP
NLB Skladi upravljanje premozenja Ljubljana $2.64B AUM
RAM
RWC Asset Management London, United Kingdom $2.64B AUM 33.18% 1-Year Est. Return
PCG
Prosperity Consulting Group Owings Mills, Maryland $2.64B AUM 23.19% 1-Year Est. Return
MIAS
Mason Investment Advisory Services Reston, Virginia $2.63B AUM 41.49% 1-Year Est. Return
LT
Lindsell Train London, United Kingdom $2.63B AUM 2.97% 1-Year Est. Return
TW
Trajan Wealth Scottsdale, Arizona $2.65B AUM 17.06% 1-Year Est. Return
BB
Bell Bank Fargo, North Dakota $2.62B AUM 23.93% 1-Year Est. Return
ACM
Anomaly Capital Management New York $2.62B AUM 23.26% 1-Year Est. Return

Prem Watsa's Q4 2025 Portfolio in Review

As of Q4 2025, Prem Watsa held 32 positions worth $2.08B, up 0.91% from $2.06B the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Prem Watsa withdrew a net $107M in Q4 2025, closing 3 positions and reducing 4 holdings. Its most notable exit was Dollar Tree, an estimated $4.19M position sold in full.

By sector, the portfolio is most concentrated in Materials at 30% of assets, down from 39% a quarter earlier, followed by Consumer Discretionary and Energy.

Against the trend, Prem Watsa opened a new position in Under Armour Class C worth $45.4M.

  • Prem Watsa's largest Q4 2025 buy was Under Armour Class C: 9,457,355 shares worth $45.4M.
  • Prem Watsa added most to Under Armour in Q4 2025, an estimated $165M increase.
  • Prem Watsa's biggest Q4 2025 reduction was Orla Mining, cutting an estimated $303M.
  • Prem Watsa fully exited Dollar Tree in Q4 2025, selling an estimated $4.19M.
  • Prem Watsa's ten largest holdings make up 87% of its $2.08B portfolio in Q4 2025.
  • Prem Watsa opened 3 new positions and closed 3 in Q4 2025.
  • Prem Watsa's portfolio value rose 0.91% quarter-over-quarter to $2.08B.

Based on Fairfax Financial Holdings's 13F filing for Q4 2025, filed 17 Feb 2026.