Notable Investors / Q1 2026
Prem Watsa’s Portfolio — FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Founder, Chairman & CEO, Fairfax Financial
CIK 0000915191 · FAIRFAX FINANCIAL HOLDINGS LTD, 95 WELLINGTON ST WEST STE 800, TORONTO, A6, M5J 2N7 · 4163674941
About Prem Watsa
Prem Watsa, 'the Warren Buffett of Canada,' built Fairfax Financial from a small trucking insurer into a global insurance and investment holding company, compounding book value for nearly four decades with a deep-value, sometimes contrarian hand — including famous credit-default-swap gains through the 2008 crisis.
Fairfax's 13F shows the U.S.-listed slice of its float-funded portfolio: concentrated value positions, long-suffering turnarounds like BlackBerry, and Greek and Indian exposures held through subsidiaries where reportable.
Portfolio data below is from FAIRFAX FINANCIAL HOLDINGS LTD/ CAN’s SEC 13F filings. View the full filer page →
Summary
Fairfax Financial Holdings Ltd/ Can reported $1.9B in U.S.-listed holdings across 29 positions for Q1 2026.
The portfolio is heavily concentrated: OLA alone accounts for 25.8% of reported value.
Compared with Q4 2025, the fund opened 2 new positions and exited 2.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 90.8% · $1.8B
- Other · 7.5% · $147M
- ADR · 1.6% · $32M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| WENWENDYS CO | NEW | +3.27M | 3.27M | +$23M | $23M |
| WBDWARNER BROS DISCOVERY INC | NEW | +57.9K | 57.9K | +$2M | $2M |
| UAUNDER ARMOUR INC | ADDED | +12.54M | 22.00M | +$82M | $127M |
| OXYOCCIDENTAL PETROLEUM CORP | SOLD OUT | −6.05M | 0 | −$249M | $0 |
| VANGUARD INDEX FUNDS | SOLD OUT | −58.2K | 0 | −$37M | $0 |
| BRIGHTSTAR LOTTERY PLC | ADDED | +32.1K | 68.7K | +$308,258 | $874,971 |
| GTXGARRETT MOTION INC | TRIMMED | −76.0K | 184.5K | −$1M | $3M |
| CNRCANADIAN NATIONAL RAILWAY CO | ADDED | +5.0K | 24.8K | +$572,551 | $3M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $1.9B | 29 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $2.1B | 29 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $2.1B | 29 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $1.9B | 28 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $1.8B | 29 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $1.6B | 31 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $1.1B | 31 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $1.2B | 38 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $1.2B | 42 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $1.5B | 57 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $1.9B | 61 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $1.9B | 61 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $1.8B | 67 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $4.0B | 75 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $3.9B | 73 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $2.8B | 70 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $3.0B | 66 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $3.1B | 63 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $3.1B | 61 | Nov 17, 2021 | RESTATEMENT | changes · EDGAR ↗ |
| Q2 2021 | $3.1B | 59 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $2.9B | 57 | May 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $2.2B | 59 | Feb 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $1.8B | 60 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $1.6B | 59 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $1.4B | 56 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $2.5B | 42 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $2.2B | 33 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $2.3B | 35 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $2.4B | 36 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $1.8B | 34 | Feb 14, 2019 | 13F-HR | changes · EDGAR ↗ |
Other Included Managers
This filing reports holdings on behalf of 2 additional managers.
- HAMBLIN WATSA INVESTMENT COUNSEL LTD028-12555
- WATSA V PREM ET AL028-12556
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.