Great investors · Prem Watsa · Q2 2026
What Prem Watsa bought and sold in Q2 2026
Fairfax Financial 13F portfolio as of Jun 30, 2026: 32 positions worth $2.6 bn. Largest: ORLA, EGO, UAA, KHC. Filed with the SEC on Aug 14, 2026.
The 13F is filed by Fairfax Financial, not by Prem Watsa personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q2 2026
- NewEldorado GoldEGO+16.2 pp
- IncreasedORLA MiningORLA+9.8 pp
- IncreasedKraft HeinzKHC+8.1 pp
- IncreasedWendy'sWEN+1.5 pp
- IncreasedMolson Coors BeverageTAP+0.8 pp
- IncreasedUnder ArmourUAA+0.6 pp
Sells in Q2 2026
- Sold outBlackBerryBB−4.3 pp
7 companies with material moves, out of 17 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Fairfax Financial's Q2 2026 13F lists 32 lines of US-listed securities worth $2.6 bn; the largest is ORLA at 21.5% of the portfolio. It was accepted by the SEC on Aug 14, 2026 at 6:12 AM ET.
Against the previous quarter, it opened 6 positions (EGO, KSPI, RCI and DPZ and 2 more), closed 2 (BB and PRTH), added to 7 (KHC, ORLA, WEN and TAP and 3 more) and trimmed 2 (GTX and MX). 17 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | ORLA Mining ORLA | 58.4 M | $568M | 21.5% | +84% |
| 2 | Eldorado Gold EGO | 13.7 M | $427M | 16.2% | new |
| 3 | Kraft Heinz KHC | 14.3 M | $338M | 12.8% | +172% |
| 4 | Under Armour UAA | 45.4 M | $290M | 11.0% | +5.5% |
| 5 | CVS Health CVS | 2.7 M | $281M | 10.6% | no change |
| 6 | Cleveland-cliffs CLF | 14.9 M | $140M | 5.30% | no change |
| 7 | Under Armour UA | 22.0 M | $137M | 5.18% | no change |
| 8 | Molson Coors Beverage TAP | 2.0 M | $77.7M | 2.94% | +39% |
| 9 | ATS ATS | 2.5 M | $70.5M | 2.67% | no change |
| 10 | Wendy's WEN | 8.0 M | $66.3M | 2.51% | +145% |
| 11 | Taiwan Semiconductor Manufacturing TSM | 93,700 | $44.7M | 1.69% | no change |
| 12 | Helmerich & Payne HP | 1.2 M | $38.5M | 1.46% | no change |
| 13 | Bank of Nova Scotia BNS | 359,100 | $31.2M | 1.18% | no change |
| 14 | General Motors GM | 375,965 | $29.0M | 1.10% | no change |
| 15 | Pfizer PFE | 1.0 M | $25.1M | 0.95% | +5.3% |
| 16 | Merck MRK | 172,900 | $22.2M | 0.84% | no change |
| 17 | Johnson & Johnson JNJ | 73,400 | $18.6M | 0.71% | no change |
| 18 | Joint Stock Company Kaspi.kz KSPI | 106,000 | $9.2M | 0.35% | new |
| 19 | Rogers Communications RCI | 150,200 | $4.9M | 0.18% | new |
| 20 | Garrett Motion GTX | 102,783 | $3.7M | 0.14% | −44% |
| 21 | Canadian National Railway CNI | 24,800 | $3.0M | 0.11% | no change |
| 22 | Colliers International Group CIGI | 25,000 | $2.3M | 0.09% | no change |
| 23 | Warner Bros. Discovery WBD | 81,900 | $2.2M | 0.08% | +41% |
| 24 | Domino’s Pizza DPZ | 7,230 | $2.1M | 0.08% | new |
| 25 | Capri Holdings CPRI | 78,100 | $1.5M | 0.06% | no change |
| 26 | lululemon athletica LULU | 12,500 | $1.4M | 0.05% | no change |
| 27 | PENN Entertainment PENN | 54,900 | $1.2M | 0.04% | no change |
| 28 | Electronic Arts EA | 5,100 | $1.0M | 0.04% | new |
| 29 | Berkshire Hathaway BRK/A | 1 | $749K | 0.03% | no change |
| 30 | Brightstar Lottery BRSL | 68,733 | $738K | 0.03% | no change |
| 31 | Cementos Pacasmayo S A A CPAC | 50,000 | $595K | 0.02% | new |
| 32 | Magnachip Semiconductor MX | 62,500 | $296K | 0.01% | −50% |
Positions it closed (2)
- BlackBerry BBwas 5.83% · 35.0 M shares
- Priority Technology Holdings PRTHwas 0.02% · 70,500 shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Fairfax Financial's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.