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 |
Kraft Heinz
KHC
|
+$6.38M |
| 2 |
Pfizer
PFE
|
+$5.92M |
| 3 |
lululemon athletica
LULU
|
+$5.01M |
| 4 |
Dollar Tree
DLTR
|
+$4.75M |
| 5 |
Helmerich & Payne
HP
|
+$3.69M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BlackBerry
BB
|
+$21.4M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$8.64M |
| 3 |
Autohome
ATHM
|
+$1.39M |
| 4 |
Lifeway Foods
LWAY
|
+$779K |
| 5 |
Garrett Motion
GTX
|
+$31.7K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 38.55% |
| 2 | Energy | 15.11% |
| 3 | Healthcare | 12.36% |
| 4 | Technology | 9.64% |
| 5 | Consumer Staples | 9.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ORLA
1
DELISTED
Orla Mining
ORLA
| $610M | 29.57% |
56,817,229
| – | – |
|
2
Occidental Petroleum
OXY
$61.3B
| $286M | 13.85% |
6,050,418
| – | – |
|
3
CVS Health
CVS
$119B
| $204M | 9.9% |
2,712,000
| – | – |
|
4
Cleveland-Cliffs
CLF
$6.43B
| $182M | 8.8% |
14,899,273
| – | – |
|
|
5
BlackBerry
BB
$4.71B
| $172M | 8.35% |
35,395,320
-5,389,380
| -13% | -$21.4M |
|
|
6
Kraft Heinz
KHC
$30.3B
| $133M | 6.45% |
5,119,000
+235,000
| +5% | +$6.38M |
|
|
KW
7
DELISTED
Kennedy-Wilson Holdings
KW
| $111M | 5.37% |
13,322,009
| – | – |
|
8
ATS Corp
ATS
$1.94B
| $64.1M | 3.11% |
2,486,400
| – | – |
|
9
Molson Coors Class B
TAP
$8.01B
| $58.4M | 2.83% |
1,290,071
+71,571
| +6% | +$3.53M |
|
|
10
Vanguard S&P 500 ETF
VOO
$1.02T
| $35.7M | 1.73% |
58,248
-14,652
| -20% | -$8.64M |
|
11
Under Armour
UAA
$2.32B
| $31.5M | 1.53% |
6,311,800
| – | – |
|
12
TSMC
TSM
$2.17T
| $26.2M | 1.27% |
93,700
| – | – |
|
|
13
Helmerich & Payne
HP
$4.35B
| $25.9M | 1.26% |
1,174,105
+200,000
| +21% | +$3.69M |
|
14
Scotiabank
BNS
$107B
| $23.2M | 1.12% |
359,100
| – | – |
|
15
General Motors
GM
$77.2B
| $22.9M | 1.11% |
375,965
| – | – |
|
|
16
Pfizer
PFE
$160B
| $22.7M | 1.1% |
890,900
+240,000
| +37% | +$5.92M |
|
17
Merck
MRK
$376B
| $14.5M | 0.7% |
172,900
| – | – |
|
18
Johnson & Johnson
JNJ
$651B
| $13.6M | 0.66% |
73,400
| – | – |
|
|
19
lululemon athletica
LULU
$13.7B
| $4.45M | 0.22% |
+25,000
| New | +$5.01M |
|
|
20
Dollar Tree
DLTR
$25.3B
| $4.19M | 0.2% |
+44,380
| New | +$4.75M |
|
|
21
Garrett Motion
GTX
$4.96B
| $4.11M | 0.2% |
301,860
-2,500
| -0.8% | -$31.7K |
|
22
Franco-Nevada
FNV
$51.3B
| $3.74M | 0.18% |
16,800
| – | – |
|
23
Colliers International
CIGI
$5.47B
| $3.4M | 0.16% |
22,000
| – | – |
|
24
KKR & Co
KKR
$97.4B
| $2.6M | 0.13% |
20,000
| – | – |
|
25
Capri Holdings
CPRI
$1.55B
| $1.55M | 0.08% |
78,100
| – | – |
|
Similar funds
Prem Watsa's Q3 2025 Portfolio in Review
As of Q3 2025, Prem Watsa held 31 positions worth $2.06B, up 10% from $1.87B the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Prem Watsa's Q3 2025 filing shows 3 new, 4 increased, 3 reduced and 2 closed positions. Its largest new stake was lululemon athletica: 25,000 shares worth $4.45M. The largest sale was BlackBerry, an estimated $21.4M.
By sector, the portfolio is most concentrated in Materials at 39% of assets, up from 36% a quarter earlier, followed by Energy and Healthcare.
- Prem Watsa's largest Q3 2025 buy was lululemon athletica: 25,000 shares worth $4.45M.
- Prem Watsa added most to Kraft Heinz in Q3 2025, an estimated $6.38M increase.
- Prem Watsa's biggest Q3 2025 reduction was BlackBerry, cutting an estimated $21.4M.
- Prem Watsa fully exited Autohome in Q3 2025, selling an estimated $1.39M.
- Prem Watsa's ten largest holdings make up 90% of its $2.06B portfolio in Q3 2025.
- Prem Watsa opened 3 new positions and closed 2 in Q3 2025.
- Prem Watsa's portfolio value rose 10% quarter-over-quarter to $2.06B.
Based on Fairfax Financial Holdings's 13F filing for Q3 2025, filed 14 Nov 2025.