FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Long book
$1.94B
Q1 2026
Positions
29
Top-10 weight
88%
concentration
Last quarter
+16.4%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsFAIRFAX FINANCIAL HOLDINGS LTD/ CAN is a high-conviction value investor, running a $1.94B US long book across 29 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: ORLA MINING LTD, UNDER ARMOUR INC-CLASS A, CVS HEALTH CORP, KENNEDYWILSON HOLDINGS INC COM, UNDER ARMOUR INC-CLASS C.
Over the last 9 quarters its long book ran on average 3.2pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.0%
Q2 2024
-3.3%
Q3 2024
+13.2%
Q4 2024
+16.6%
Q1 2025
+1.5%
Q2 2025
+10.2%
Q3 2025
+6.9%
Q4 2025
+8.8%
Q1 2026
+16.4%
Sector allocation
Materials 36%
Other 22%
Healthcare 15%
Consumer staples 10%
Technology 6%
Industrials 6%
Energy 2%
Financials 1%
Long book by quarter
What does FAIRFAX FINANCIAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ORLA ORLA MINING LTD | Materials | 31.8M | $501.6M | 25.8% | Held |
| UAA UNDER ARMOUR INC-CLASS A | Other | 43.0M | $253.7M | 13.1% | +2.5% |
| CVS CVS HEALTH CORP | Healthcare | 2.7M | $194.8M | 10.0% | Held |
| UA UNDER ARMOUR INC-CLASS C | Other | 22.0M | $126.9M | 6.5% | +132.6% |
| CLF CLEVELAND-CLIFFS INC | Materials | 14.9M | $125.7M | 6.5% | Held |
| KHC KRAFT HEINZ CO/THE | Consumer staples | 5.3M | $118.4M | 6.1% | +2.9% |
| BB BLACKBERRY LTD | Technology | 35.0M | $113.3M | 5.8% | Held |
| ATS ATS CORP | Industrials | 2.5M | $69.4M | 3.6% | Held |
| TAP MOLSON COORS BEVERAGE CO - B | Consumer staples | 1.4M | $61.9M | 3.2% | +7.5% |
| HP HELMERICH & PAYNE | Energy | 1.2M | $42.3M | 2.2% | Held |
| GM GENERAL MOTORS CO | Industrials | 376.0K | $28.0M | 1.4% | Held |
| PFE PFIZER INC | Healthcare | 990.9K | $27.8M | 1.4% | +11.2% |
| BNS BANK OF NOVA SCOTIA | Financials | 359.1K | $24.8M | 1.3% | Held |
| WEN WENDY'S CO/THE | Consumer discretionary | 3.3M | $22.8M | 1.2% | New |
| MRK MERCK & CO. INC. | Healthcare | 172.9K | $20.8M | 1.1% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 73.4K | $17.9M | 0.9% | Held |
| GTX GARRETT MOTION INC | Industrials | 184.5K | $3.4M | 0.2% | -29.2% |
| CIGI COLLIERS INTL GR-SUBORD VOT | Real estate | 25.0K | $2.6M | 0.1% | +13.6% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 24.8K | $2.5M | 0.1% | +25.3% |
| LULU LULULEMON ATHLETICA INC | Other | 12.5K | $1.9M | 0.1% | Held |
| WBD WARNER BROS DISCOVERY INC | Communications | 57.9K | $1.6M | 0.1% | New |
| CPRI CAPRI HOLDINGS LTD | Other | 78.1K | $1.4M | 0.1% | Held |
| BRSL BRIGHTSTAR LOTTERY PLC | Services media | 68.7K | $875K | 0.0% | +87.6% |
| PENN PENN ENTERTAINMENT INC | Services media | 54.9K | $825K | 0.0% | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 1 | $718K | 0.0% | Held |
| MX MAGNACHIP SEMICONDUCTOR CORP | Technology | 125.0K | $349K | 0.0% | Held |
| PRTH PRIORITY TECHNOLOGY HOLDINGS | Services media | 70.5K | $333K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 29 | $1.94B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 29 | $2.08B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 29 | $2.06B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 28 | $1.87B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 29 | $1.84B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 31 | $1.56B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 31 | $1.10B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 38 | $1.18B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 42 | $1.23B | canonical | SEC ↗ |