Prem Watsa - Fairfax Financial Holdings 13F Activity & Position Changes (Q4 2014)

According to the SEC 13F filed on Aug 14, 2026, the Fairfax Financial Holdings portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2014. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q4 2014, the filing reported:

New Buys - None reported

Increases - International Business Machines, Rayonier Advanced Materials Inc

Reductions - General Dynamics Corporation, U.S. Bancorp

Complete Exits - None reported

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q4 2014	GD General Dynamics Corporation	General Dynamics Corporation	Sell	-700	-31.8%	$206.00	1,500
Q4 2014	IBM International Business Machines	International Business Machines	Buy	+295,000	+27.6%	$218.70K	1,363,100
Q4 2014	RYAM Rayonier Advanced Materials Inc	Rayonier Advanced Materials Inc	Buy	+27,300	+215.0%	$892.00	40,000
Q4 2014	USB U.S. Bancorp	U.S. Bancorp	Sell	-6,800	-22.7%	$1.04K	23,200