Prem Watsa Q1 2026 Portfolio Analysis: Major Under Armour Position Increase
Fairfax Financial Holdings' Prem Watsa significantly increased his Under Armour position in Q1 2026 while maintaining holdings in consumer staples and adding new positions in healthcare and industrials.
Prem Watsa, through Fairfax Financial Holdings, has made notable changes to his investment portfolio during the first quarter of 2026, as detailed in the latest filing. The portfolio, valued at approximately $1.94 billion as of March 31, 2026, shows significant shifts in several key holdings.
The most striking change was a substantial increase in holdings of UNDER ARMOUR INC (UA). Watsa added 12,541,773 shares during the quarter, representing a staggering 132.61% increase in his stake in this Consumer Cyclical stock. This significant position growth is noteworthy and suggests strong confidence in the company's prospects. Investors can explore Under Armour's performance and filings at https://www.insiderset.com/investors/stocks/UA.
Another major addition was PFE, the stock of PFIZER INC. Watsa increased his position by 1,000,000 shares, a 11.22% increase, adding to his Healthcare sector allocation. Similarly, TAP (MOLSON COORS BEVERAGE CO) was added to the portfolio, with a 7.47% increase in shares during the quarter, expanding his Consumer Defensive exposure. Details on Kraft Heinz (KHC) and Wendy's (WEN) can be found at https://www.insiderset.com/investors/stocks/KHC and https://www.insiderset.com/investors/stocks/WEN respectively.
Conversely, Watsa reduced his stake in several companies. The portfolio's largest holding, UNDER ARMOUR INC (UAA), saw a small decrease of 0.24% (shares down by 0.24%) and a value reduction of 2.48%. His position in GTX (GARRETT MOTION INC) decreased significantly by 29.18% in shares during the quarter. Further decreases were noted in CNI (CANADIAN NATIONAL RAILWAY CO) and CIGI (COLLIERS INTL GROUP INC).
Watsa also initiated new positions in CNI (CANADIAN NATIONAL RAILWAY CO) and CIGI (COLLIERS INTL GROUP INC), both adding modest allocations to the portfolio. His position in WBD (WARNER BROS DISCOVERY INC) remained unchanged, with a 100% increase in shares from the prior period, indicating a recent addition or reclassification.
For a comprehensive view of Prem Watsa's investment strategy and holdings, visit https://www.insiderset.com/investor/prem-watsa-fairfax-financial-holdings. Overall, the quarter saw a mix of significant additions, particularly in consumer staples and healthcare, alongside selective reductions and the initiation of new, smaller positions.