Prem Watsa Q4 2025 Portfolio Update: Major Share Reductions and Significant Increases
Fairfax Financial Holdings' portfolio saw substantial changes in Q4 2025, featuring significant reductions in ORLA and UAA, alongside major increases in UA and CNI.
As of December 31, 2025, investor Prem Watsa's portfolio through Fairfax Financial Holdings was valued at approximately $2.08 billion. This period saw notable shifts in holdings, reflecting strategic adjustments across various sectors.
Among the most significant changes were reductions in holdings. ORLA MINING LTD (ORLA) experienced a substantial decrease, with shares reduced by 44% quarter-over-quarter. Similarly, holdings in UNDER ARMOUR INC (UAA) saw a significant decline of 44% in share count.
Conversely, the investor demonstrated strong conviction in certain companies. Under Armour INC (UA) saw an extraordinary increase of 4,029.85% in share count, making it one of the most significant purchases during the quarter. Additionally, Canadian National Railway CO (CNI) was increased by 100%, indicating a new position or a substantial expansion of an existing one.
Other notable changes included a moderate increase in MOLSON COORS BEVERAGE CO (TAP) and smaller adjustments in holdings like GARRETT MOTION INC (GTX) and LULULEMON ATHLETICA INC (LULU). The investor also reduced their position in BLACKBERRY LTD (BB) by 1.17% and slightly decreased GTX by 13.71%.
No new positions were disclosed beyond the increase in CNI, and there is no indication of any fully exited positions in the top holdings disclosed.
For a detailed view of Prem Watsa's investment strategy and performance, visit the investor profile at https://www.insiderset.com/investor/prem-watsa-fairfax-financial-holdings. You can explore detailed information on the stocks held, including ORLA MINING LTD (https://www.insiderset.com/investors/stocks/ORLA), UNDER ARMOUR INC (https://www.insiderset.com/investors/stocks/UAA), and others, on the respective company pages.