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Livermore
Livermore
ZHEN

Fairfax Financial

Superinvestor

Fairfax Financial Holdings Ltd

SEC CIK
0000915191
Manager
Prem Watsa
Style
Value
Latest filing
Aug 14, 2026

The latest 13F from Fairfax Financial covers Q2 2026 (filed Aug 14, 2026): 32 long positions worth $2.64B. The top 10 holdings make up 90.7% of the portfolio, and the largest is Orla MNG Ltd New at 21.5%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
6
Est. +$444.8M
Added
7
Est. +$549.9M
Reduced
2
Est. −$3.25M
Sold out
3
Est. −$257.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. Orla MNG Ltd New68634K106
    21.5%$568.5M
  2. EGOEldorado Gold Corp
    16.2%$427.0MHistory
  3. KHCKraft Heinz Co
    12.8%$337.6MHistory
  4. UAAUnder Armour, Inc.
    11.0%$289.8MHistory
  5. CVSCVS Health Corp
    10.6%$280.5MHistory

Share of portfolio

Top 5 holdings and the other 27 positions, by share of portfolio value

  1. Orla MNG Ltd New21.5%
  2. EGO16.2%
  3. KHC12.8%
  4. UAA11.0%
  5. CVS10.6%
  6. Other 27 positions27.9%

Biggest buys

New and added positions, by estimated amount bought

  1. EGOEldorado Gold Corp
    +$427.0MNewHistory
  2. Orla MNG Ltd New68634K106
    +$258.7MAdded
  3. KHCKraft Heinz Co
    +$213.3MAddedHistory
  4. WENWendy's Co
    +$39.2MAddedHistory
  5. TAPMolson Coors Beverage Co
    +$21.7MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. EGOEldorado Gold Corp
    +16.18 pp0.0% → 16.2%History
  2. KHCKraft Heinz Co
    +6.70 pp6.1% → 12.8%History
  3. WENWendy's Co
    +1.34 pp1.2% → 2.5%History
  4. KSPIJoint Stock Co Kaspi.kz
    +0.35 pp0.0% → 0.3%History
  5. RCIRogers Communications Inc
    +0.18 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. KWKennedy-Wilson Holdings, Inc.
    −$144.3MSold outHistory
  2. BBBLACKBERRY Ltd
    −$113.3MSold outHistory
  3. GTXGarrett Motion Inc.
    −$2.96MReducedHistory
  4. PRTHPriority Technology Holdings, Inc.
    −$332.8KSold outHistory
  5. MXMagnachip Semiconductor Corp
    −$296.3KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. KWKennedy-Wilson Holdings, Inc.
    −7.43 pp7.4% → 0.0%History
  2. BBBLACKBERRY Ltd
    −5.83 pp5.8% → 0.0%History
  3. GTXGarrett Motion Inc.
    −0.03 pp0.2% → 0.1%History
  4. PRTHPriority Technology Holdings, Inc.
    −0.02 pp<0.1% → 0.0%History
  5. MXMagnachip Semiconductor Corp
    −0.01 pp<0.1% → <0.1%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$2.64B
+$695.8M (+35.8%) vs. prior quarter
Positions
32
+3 vs. prior quarter
Top 10 concentration
90.7%
Top 10 as share of value
Turnover
11.4%
Q2 2026, one quarter
Average holding period
9.2 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $4.02B (Q4 2022)

Q1 2021: $2.87BQ2 2021: $3.11BQ3 2021: $3.07BQ4 2021: $3.12BQ1 2022: $3.01BQ2 2022: $2.84BQ3 2022: $3.90BQ4 2022: $4.02BQ1 2023: $1.75BQ2 2023: $1.88BQ3 2023: $1.86BQ4 2023: $1.47BQ1 2024: $1.23BQ2 2024: $1.18BQ3 2024: $1.10BQ4 2024: $1.56BQ1 2025: $1.84BQ2 2025: $1.87BQ3 2025: $2.06BQ4 2025: $2.08BQ1 2026: $1.94BQ2 2026: $2.64B
Q1 2021Q2 2026
13F filings of Fairfax Financial by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202632$2.64BOrla MNG Ltd NewEGOKHCvs. Q1 2026SEC
Q1 2026May 15, 202629$1.94BOrla MNG Ltd NewUAACVSvs. Q4 2025SEC
Q4 2025Feb 17, 202629$2.08BOrla MNG Ltd NewOXYCVSvs. Q3 2025SEC
Q3 2025Nov 14, 202529$2.06BOrla MNG Ltd NewOXYCVSvs. Q2 2025SEC
Q2 2025Aug 14, 202528$1.87BOrla MNG Ltd NewOXYCVSvs. Q1 2025SEC
Q1 2025May 15, 202529$1.84BOrla MNG Ltd NewOXYCVSvs. Q4 2024SEC
Q4 2024Feb 14, 202531$1.56BOrla MNG Ltd NewOXYBBvs. Q3 2024SEC
Q3 2024Nov 14, 202431$1.10BOXYOrla MNG Ltd NewKWvs. Q2 2024SEC
Q2 2024Aug 14, 202438$1.18BOXYOrla MNG Ltd NewKWvs. Q1 2024SEC
Q1 2024May 15, 202442$1.23BOXYOrla MNG Ltd NewBBvs. Q4 2023SEC
Q4 2023Feb 14, 202457$1.47BOXYMUBBvs. Q3 2023SEC
Q3 2023Nov 14, 202361$1.86BOXYBLACKBERRY LtdMUvs. Q2 2023SEC
Q2 2023Aug 14, 202361$1.88BOXYBLACKBERRY LtdBBvs. Q1 2023SEC
Q1 2023May 15, 202367$1.75BBLACKBERRY LtdMUKWvs. Q4 2022SEC
Q4 2022Feb 14, 202375$4.02BAtlas CorpRFPBLACKBERRY Ltdvs. Q3 2022SEC
Q3 2022Nov 14, 202273$3.90BAtlas CorpRFPBLACKBERRY Ltdvs. Q2 2022SEC
Q2 2022Aug 15, 202270$2.84BAtlas CorpRFPKWvs. Q1 2022SEC
Q1 2022May 16, 202266$3.01BAtlas CorpRFPBBvs. Q4 2021SEC
Q4 2021Feb 14, 202263$3.12BAtlas CorpRFPBBvs. Q3 2021SEC
Q3 2021Nov 17, 2021Amended61$3.07BAtlas CorpBBRFPvs. Q2 2021SEC
Q2 2021Aug 16, 202159$3.11BAtlas CorpBBRFPvs. Q1 2021SEC
Q1 2021May 14, 202157$2.87BAtlas CorpBBRFP–SEC

13D and 13G filings

Companies where Fairfax Financial reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

3 companies, largest stake first.

Companies where Fairfax Financial owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
UAAUnder Armour, Inc.13D/A24.00%45.3M shares+1.80 ppfrom 22.20%Dec 18, 20254 filingsMay 15, 2026SEC
Orla Mining Ltd.Common Shares13G19.80%76.0M shares−0.50 ppfrom 20.30%Dec 5, 20237 filingsDec 11, 2025SEC
EQXEquinox Gold Corp.13G6.40%75.9M sharesNewAug 25, 20261 filingAug 25, 2026SEC

Latest filings

45 filings on file made by Fairfax Financial or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Fairfax Financial
CompanyFiled (ET)FormStakeChangeEvent dateFiling
EQXEquinox Gold Corp.Aug 25, 20268:53 PM ET13G6.40%75.9M sharesNewJul 31, 2026SEC
KWKennedy-Wilson Holdings, Inc.Jun 16, 202611:47 AM ET13D/A0.00%0 shares−19.90 ppfrom 19.90%Below 5%Jun 16, 2026SEC
UAAUnder Armour, Inc.May 15, 20268:35 PM ET13D/A24.00%45.3M shares+1.80 ppfrom 22.20%May 13, 2026SEC
BBBLACKBERRY LtdMay 6, 20264:19 PM ET13D/A4.50%26.3M shares−1.60 ppfrom 6.10%Below 5%May 4, 2026SEC
KWKennedy-Wilson Holdings, Inc.Mar 17, 20265:58 PM ET13D/A19.90%31.0M shares0.00 ppfrom 19.90%Mar 15, 2026SEC
KWKennedy-Wilson Holdings, Inc.Feb 18, 20265:01 PM ET13D/A19.90%31.0M shares0.00 ppfrom 19.90%Feb 16, 2026SEC
UAAUnder Armour, Inc.Jan 5, 20264:32 PM ET13D22.20%42.0M shares+6.10 ppfrom 16.10%Dec 30, 2025SEC
UAAUnder Armour, Inc.Dec 29, 20259:32 PM ET13G/A16.10%30.5M shares+7.10 ppfrom 9.00%Dec 22, 2025SEC
UAAUnder Armour, Inc.Dec 18, 20258:02 PM ET13G9.00%17.0M sharesNewNov 7, 2025SEC
Orla Mining Ltd.Common SharesDec 11, 20257:38 PM ET13G19.80%76.0M shares−0.50 ppfrom 20.30%Dec 4, 2025SEC
Orla Mining Ltd.COMMON STOCK, NO PAR VALUEDec 8, 20259:52 PM ET13D/A20.30%78.1M shares−7.30 ppfrom 27.60%Dec 4, 2025SEC
KWKennedy-Wilson Holdings, Inc.Nov 5, 20256:13 AM ET13D/A19.90%31.0M shares–Nov 4, 2025SEC
BBBLACKBERRY LtdSep 30, 20259:49 PM ET13D/A6.10%35.8M shares–Sep 26, 2025SEC
Orla Mining Ltd.COMMON STOCK, NO PAR VALUEMar 7, 20259:14 PM ET13D27.60%101.0M shares+9.90 ppfrom 17.70%Feb 28, 2025SEC
Orla Mining Ltd.Common SharesFeb 12, 20254:05 PM ET13G/A17.70%56.8M shares–Dec 31, 2024SEC
CCAPCrescent Capital BDC, Inc.Apr 10, 202413G/AOld format–––SEC
BBBLACKBERRY LtdFeb 20, 202413D/AOld format–––SEC
Orla Mining Ltd.Feb 8, 20248:21 AM ET13G/AOld format–––SEC
Orla Mining Ltd.Dec 11, 20234:08 PM ET13G/AOld format–––SEC
KWKennedy-Wilson Holdings, Inc.Dec 8, 202313D/AOld format–––SEC