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Prem Watsa
Fairfax Financial Holdings
Founded Fairfax Financial in 1985 and built it on the Berkshire model: an insurer run as an investment vehicle. Often called the Buffett of Canada.
Fairfax Financial Holdings reported 32 positions worth $2.64B in U.S.-listed equities as of Q2 2026. It opened 5 new positions that quarter. It exited 2 positions. The largest holding is Orla Mining Ltd, at 21.5% of the portfolio. The biggest new position was Eldorado Gold Corp (EGO), at $427M. The ten largest holdings account for 91% of the total.
Photo: செல்வா at Tamil Wikipedia / Wikimedia Commons (CC BY 3.0)
- Portfolio value
- $2.64B
- Positions
- 32
- Dividends (est.)
- $33.18M
- Estimated over 4 quarters, to Q2 2026
Positions as of Q2 2026, per the 13F filed on Aug 14, 2026. Current positions may differ.
What changed last quarter
Positions opened, added to, trimmed or closed in the Q2 2026 filing.
- $994.72M
- $261.2M
- $733.52M
- Put money into stocks
A 13F does not report cash. It covers only U.S.-listed securities — cash, bonds, foreign stocks and private holdings are invisible in it, which is why Berkshire’s cash pile appears in its 10-Q and not here. What the filing does show is direction: selling more than buying means money left U.S. equities that quarter. Where it went — cash, fixed income, other markets — the form does not say.
Bought(11)
- +EGONew position$427M13.75M shares
- +ORLA MINING LTDAdded +84%$258.75M26.58M shares
- +KHCAdded +172%$213.3M9.04M shares
- +WENAdded +145%$39.22M4.74M shares
- +TAPAdded +39%$21.65M556K shares
- +UAAAdded +5%$15.06M2.36M shares
- +KSPINew position$9.18M106K shares
- +RCINew position$4.87M150.2K shares
- +DPZNew position$2.14M7.23K shares
- +PFEAdded +5%$1.28M53K shares
- +ELECTRONIC ARTS INCNew position$1.05M5.1K shares
Sold(3)
- −KENNEDY-WILSON HOLDINGS INCSold out -100%$144.28M13.32M shares
- −BBSold out -100%$113.34M34.98M shares
- −GTXReduced -44%$2.96M81.68K shares
Composition
Positions (32)
Estimated across every position in each quarter, so a single stock can be compared against the whole. Same caveat as elsewhere: a 13F reports the share count on the last day of the quarter, while dividends are paid throughout it.
Analysis
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