Prem Watsa's portfolio
Insurance-anchored value portfolio with deep-discount contrarian picks.
What changed in Q2 2026
Compared with the previous 13F. Values are as reported at quarter end. How to read a 13F.
New positions
- Eldorado GoldEGO$427M
- Joint Stock Company Kaspi.kzKSPI$9M
- Rogers CommunicationsRCI$5M
- Domino's Pizza Inc Common StockDPZ$2M
- Electronic ArtsEA$1M
- Cementos Pacasmayo SAA ADRCPAC$594,500
Added to
- Orla MiningORLA$568M
- Kraft HeinzKHC$338M
- Under Armour Inc AUAA$290M
- Molson Coors Brewing Co Class BTAP$78M
- Wendy’sWEN$66M
- PfizerPFE$25M
- Warner Bros DiscoveryWBD$2M
Trimmed
- Garrett MotionGTX$4M
- MXMX$296,250
Sold out
None this quarter.
Holdings
32 US-listed positions in the Q2 2026 13F, largest first.
| Stock | % of portfolio | Value | Shares | Last quarter |
|---|---|---|---|---|
| Orla MiningORLA | 21.55% | $568M | 58,399,504 | Added |
| Eldorado GoldEGO | 16.18% | $427M | 13,746,506 | New |
| Kraft HeinzKHC | 12.80% | $338M | 14,306,500 | Added |
| Under Armour Inc AUAA | 10.98% | $290M | 45,356,965 | Added |
| CVS HealthCVS | 10.63% | $281M | 2,712,000 | Held |
| Cleveland-CliffsCLF | 5.30% | $140M | 14,899,273 | Held |
| Under Armour Inc CUA | 5.18% | $137M | 21,999,128 | Held |
| Molson Coors Brewing Co Class BTAP | 2.94% | $78M | 1,994,500 | Added |
| Ats | 2.67% | $70M | 2,486,400 | Held |
| Wendy’sWEN | 2.51% | $66M | 8,005,627 | Added |
| Taiwan Semiconductor ManufacturingTSM | 1.69% | $45M | 93,700 | Held |
| Helmerich and PayneHP | 1.46% | $38M | 1,174,105 | Held |
| Bank of Nova ScotiaBNS | 1.18% | $31M | 359,100 | Held |
| General MotorsGM | 1.10% | $29M | 375,965 | Held |
| PfizerPFE | 0.95% | $25M | 1,043,900 | Added |
| Merck & CompanyMRK | 0.84% | $22M | 172,900 | Held |
| Johnson & JohnsonJNJ | 0.71% | $19M | 73,400 | Held |
| Joint Stock Company Kaspi.kzKSPI | 0.35% | $9M | 106,000 | New |
| Rogers CommunicationsRCI | 0.18% | $5M | 150,200 | New |
| Garrett MotionGTX | 0.14% | $4M | 102,783 | Trimmed |
| Canadian National RailwayCNI | 0.11% | $3M | 24,800 | Held |
| Colliers International Group Inc BatsCIGI | 0.09% | $2M | 25,000 | Held |
| Warner Bros DiscoveryWBD | 0.08% | $2M | 81,900 | Added |
| Domino's Pizza Inc Common StockDPZ | 0.08% | $2M | 7,230 | New |
| Capri HoldingsCPRI | 0.06% | $1M | 78,100 | Held |
| Lululemon AthleticaLULU | 0.05% | $1M | 12,500 | Held |
| Penn National GamingPENN | 0.04% | $1M | 54,900 | Held |
| Electronic ArtsEA | 0.04% | $1M | 5,100 | New |
| Berkshire Hathaway Inc-Cl ABRK/A | 0.03% | $748,836 | 1 | Held |
| Brightstar LotteryBRSL | 0.03% | $737,505 | 68,733 | Held |
| Cementos Pacasmayo SAA ADRCPAC | 0.02% | $594,500 | 50,000 | New |
| MXMX | 0.01% | $296,250 | 62,500 | Trimmed |
By sector
Share of the reported value.
Reported value over time
Total 13F value at each quarter end.
Questions
What stocks does Prem Watsa own?
In the Q2 2026 13F, Fairfax Financial Holdings reported 32 US stock positions worth $2.6B. The largest: Orla Mining (ORLA) 21.5%, Eldorado Gold (EGO) 16.2%, Kraft Heinz (KHC) 12.8%, Under Armour Inc A (UAA) 11.0%, CVS Health (CVS) 10.6%.
What did Prem Watsa buy last quarter?
In Q2 2026: new position in Eldorado Gold (EGO); new position in Joint Stock Company Kaspi.kz (KSPI); new position in Rogers Communications (RCI); added to Orla Mining (ORLA); added to Kraft Heinz (KHC); added to Under Armour Inc A (UAA).
When is Prem Watsa's next 13F?
13F filings are due 45 days after each quarter ends. The Q3 2026 filing is due by November 14, 2026.
More investors
13F filings list US-listed long positions (and some options) held at quarter end. They leave out short positions, cash,
bonds and non-US holdings, and arrive up to 45 days after the quarter ends, so the investor may have traded since. Information only, not investment advice.
Photo: செல்வா at Tamil Wikipedia (credits).