Quarterly Portfolio Shifts: Prem Watsa's Fairfax Holdings Focus on Consumer Cyclical Gains

Prem Watsa's Fairfax Financial Holdings portfolio, valued at approximately $2.08 billion as of December 31, 2025, showed notable shifts during the quarter, reflecting strategic adjustments across various sectors.

The most significant change was a nearly 44% reduction in ORLA shares, resulting in a portfolio percentage allocation drop from the previous quarter. This translates to a decrease of 25 million shares in this Basic Materials stock.

Conversely, Under Armour Inc. experienced a dual representation in Watsa's portfolio. The position in UAA (Consumer Cyclical) increased by approximately 5.6 million shares, while the UA (Consumer Cyclical) position saw an extraordinary increase of over 9.2 million shares, representing a staggering 4,029.85% growth in that specific holding during the quarter.

Other notable changes included a slight decrease in BB (Technology) shares and minor adjustments in TAP (Consumer Defensive) and GTX (Consumer Cyclical). The portfolio also welcomed new positions in CNI (Industrials) and PRTH (Technology), both acquired in the current quarter.

For detailed insights into Mr. Watsa's investment approach and the holdings discussed, readers can explore the full profile at https://www.insiderset.com/investor/prem-watsa-fairfax-financial-holdings. Specific stock information for ORLA can be found at https://www.insiderset.com/investors/stocks/ORLA, and Under Armour (UAA) at https://www.insiderset.com/investors/stocks/UAA. Additional stock links are provided throughout the text for further research.