Fairfax Financial
Prem WatsaTORONTO, A6files as FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
$2.6bn in 32 US stocks at the end of 30 June 2026. The top 10 are 90.7% of the money. It changed about 25.6% of the portfolio this quarter.
Value
$2.6bn
Stocks
32
Top 10 share
90.7%
Turnover
25.6%
What changed this quarter
New
Bought for the first time this quarter.
- Eldorado GoldEGO16.2% of the fund
- Joint Stock Co Kaspi.kzKSPI0.3% of the fund
- Rogers CommunicationsRCI0.2% of the fund
- Dominos PizzaDPZ<0.1% of the fund
- Electronic ArtsEA<0.1% of the fund
- Cementos Pacasmayo S A ACPAC<0.1% of the fund
Added
Bought more of a stock they already held.
- Orla MNG LTD NewORLA21.5% of the fund+84%
- Kraft HeinzKHC12.8% of the fund+172%
- Under ArmourUAA11.0% of the fund+5%
- Molson Coors BeverageTAP2.9% of the fund+39%
- Wendy'sWEN2.5% of the fund+145%
- PfizerPFE1.0% of the fund+5%
- Warner Bros. DiscoveryWBD<0.1% of the fund+41%
Cut
Sold some of their stake.
- Garrett MotionGTX0.1% of the fund-44%
- Magnachip SemiconductorMX<0.1% of the fund-50%
Sold out
Sold their entire stake.
- Kennedy-Wilson Holdings-100%
- BlackberryBB-100%
- Priority Technology HoldingsPRTH-100%
Holdings
- Orla MNG LTD NewORLA
- Share
- 21.5%
- Value
- $568m
- Shares
- 58,399,504
+84%
- Eldorado GoldEGO
- Share
- 16.2%
- Value
- $427m
- Shares
- 13,746,506
New
- ATS Corp /ATSATS
- Share
- 2.7%
- Value
- $70m
- Shares
- 2,486,400
Held
- Bank of Nova ScotiaBNS
- Share
- 1.2%
- Value
- $31m
- Shares
- 359,100
Held
- Rogers CommunicationsRCI
- Share
- 0.2%
- Value
- $5m
- Shares
- 150,200
New
- Canadian National RailwayCNI
- Share
- 0.1%
- Value
- $3m
- Shares
- 24,800
Held
- Colliers International GroupCIGI
- Share
- <0.1%
- Value
- $2m
- Shares
- 25,000
Held
- Electronic ArtsEA
- Share
- <0.1%
- Value
- $1m
- Shares
- 5,100
New
- Berkshire Hathaway INC DELBRK-A
- Share
- <0.1%
- Value
- $748,836
- Shares
- 1
Held
- Cementos Pacasmayo S A ACPAC
- Share
- <0.1%
- Value
- $594,500
- Shares
- 50,000
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Orla MNG LTD NewORLA | 21.5% | $568m | 58,399,504 | +84% |
| Eldorado GoldEGO | 16.2% | $427m | 13,746,506 | New |
| Kraft HeinzKHC | 12.8% | $338m | 14,306,500 | +172% |
| Under ArmourUAA | 11.0% | $290m | 45,356,965 | +5% |
| CVS HealthCVS | 10.6% | $281m | 2,712,000 | Held |
| Cleveland-CliffsCLF | 5.3% | $140m | 14,899,273 | Held |
| Under ArmourUA | 5.2% | $137m | 21,999,128 | Held |
| Molson Coors BeverageTAP | 2.9% | $78m | 1,994,500 | +39% |
| ATS Corp /ATSATS | 2.7% | $70m | 2,486,400 | Held |
| Wendy'sWEN | 2.5% | $66m | 8,005,627 | +145% |
| Taiwan Semiconductor ManufacturingTSM | 1.7% | $45m | 93,700 | Held |
| Helmerich & PayneHP | 1.5% | $38m | 1,174,105 | Held |
| Bank of Nova ScotiaBNS | 1.2% | $31m | 359,100 | Held |
| General MotorsGM | 1.1% | $29m | 375,965 | Held |
| PfizerPFE | 1.0% | $25m | 1,043,900 | +5% |
| MerckMRK | 0.8% | $22m | 172,900 | Held |
| Johnson & JohnsonJNJ | 0.7% | $19m | 73,400 | Held |
| Joint Stock Co Kaspi.kzKSPI | 0.3% | $9m | 106,000 | New |
| Rogers CommunicationsRCI | 0.2% | $5m | 150,200 | New |
| Garrett MotionGTX | 0.1% | $4m | 102,783 | -44% |
| Canadian National RailwayCNI | 0.1% | $3m | 24,800 | Held |
| Colliers International GroupCIGI | <0.1% | $2m | 25,000 | Held |
| Warner Bros. DiscoveryWBD | <0.1% | $2m | 81,900 | +41% |
| Dominos PizzaDPZ | <0.1% | $2m | 7,230 | New |
| Capri HoldingsCPRI | <0.1% | $1m | 78,100 | Held |
| lululemon athleticaLULU | <0.1% | $1m | 12,500 | Held |
| PENN EntertainmentPENN | <0.1% | $1m | 54,900 | Held |
| Electronic ArtsEA | <0.1% | $1m | 5,100 | New |
| Berkshire Hathaway INC DELBRK-A | <0.1% | $748,836 | 1 | Held |
| Brightstar LotteryBRSL | <0.1% | $737,505 | 68,733 | Held |
| Cementos Pacasmayo S A ACPAC | <0.1% | $594,500 | 50,000 | New |
| Magnachip SemiconductorMX | <0.1% | $296,250 | 62,500 | -50% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 41.0% since 30 June 2025.
Where the money is
Materials21.5%
Retail & consumer20.2%
Everyday goods15.7%
Health care13.1%
Industrials2.8%
Technology2.1%
Energy1.5%
Financial services1.2%
Media & telecom0.3%
Real estate0.1%
Other21.6%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.