Tracking Prem Watsa's Fairfax Financial Holdings Portfolio - Q4 2025 Update

John Vincent26.06K FollowersFollow5ShareSavePlay(11min)CommentsSummaryPrem Watsa’s Fairfax Financial Holdings 13F portfolio rose slightly to $2.08B, with high concentration in Orla Mining, Under Armour, and Occidental Petroleum.Significant activity included a ~45% reduction in Orla Mining after substantial gains and aggressive accumulation of Under Armour at depressed prices.Large positions in Occidental Petroleum, CVS Health, and Cleveland-Cliffs were maintained, reflecting conviction in these holdings despite recent market volatility.Several legacy and strategic investments, such as BlackBerry and Kennedy-Wilson, saw minor trims or were held steady, highlighting a disciplined, long-term approach.cagkansayin/iStock via Getty Images This article is part of a series that provides an ongoing analysis of the changes made to Prem Watsa's 13F portfolio on a quarterly basis. It is based on Watsa's regulatory 13F Form filed on 02/17/2026. PleaseThis article was written byJohn Vincent26.06K FollowersFollowFocused on analyzing 13F reports & building tools to help DIY investors generate absolute returns through exploiting inefficiency, volatility, and momentum.

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