{
  "data": {
    "slug": "prem-watsa",
    "name": "Prem Watsa",
    "fund": "Fairfax Financial",
    "role": "Chairman & CEO",
    "philosophy": "Value investing with insurance float. The Canadian Buffett.",
    "bio": "Built Fairfax from a $30M shell in 1985 into one of Canada's largest insurance holding companies using the Berkshire float model.",
    "longest_holding": "Blackberry (contentious, since 2010)",
    "quality_score": 7,
    "cagr_10y": 18,
    "holdings": [
      {
        "ticker": "BB",
        "name": "BlackBerry",
        "pct": 18.2,
        "shares_mn": 46.7,
        "thesis": "Software turnaround play, held for 15+ years."
      },
      {
        "ticker": "OXY",
        "name": "Occidental Petroleum",
        "pct": 13.5,
        "shares_mn": 3.4,
        "thesis": "Energy float compounder, aligned with Buffett."
      },
      {
        "ticker": "KW",
        "name": "Kennedy-Wilson Holdings",
        "pct": 9.8,
        "shares_mn": 12,
        "thesis": "Real estate asset manager, book value discount."
      },
      {
        "ticker": "MU",
        "name": "Micron Technology",
        "pct": 7.4,
        "shares_mn": 0.8,
        "thesis": "Semi cycle bet."
      },
      {
        "ticker": "CVS",
        "name": "CVS Health",
        "pct": 5.9,
        "shares_mn": 1.1,
        "thesis": "Healthcare at reasonable P/E."
      }
    ],
    "recent_moves": [
      {
        "quarter": "2025-Q4",
        "ticker": "OXY",
        "action": "add",
        "delta_pct": 15,
        "portfolio_impact_pct": 15.5
      },
      {
        "quarter": "2025-Q3",
        "ticker": "OXY",
        "action": "add",
        "delta_pct": 20,
        "portfolio_impact_pct": 13.5
      },
      {
        "quarter": "2025-Q3",
        "ticker": "MU",
        "action": "add",
        "delta_pct": 15,
        "portfolio_impact_pct": 7.4
      },
      {
        "quarter": "2026-Q1",
        "ticker": "UAA",
        "action": "add",
        "delta_pct": 26,
        "portfolio_impact_pct": 19.6
      },
      {
        "quarter": "2026-Q1",
        "ticker": "PFE",
        "action": "add",
        "delta_pct": 11,
        "portfolio_impact_pct": 1.4
      },
      {
        "quarter": "2026-Q1",
        "ticker": "GTX",
        "action": "trim",
        "delta_pct": -29,
        "portfolio_impact_pct": 0.2
      },
      {
        "quarter": "2026-Q1",
        "ticker": "CNI",
        "action": "add",
        "delta_pct": 25,
        "portfolio_impact_pct": 0.1
      },
      {
        "quarter": "2026-Q1",
        "ticker": "OXY",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
      },
      {
        "quarter": "2025-Q4",
        "ticker": "ORLA",
        "action": "trim",
        "delta_pct": -44,
        "portfolio_impact_pct": 20.7
      },
      {
        "quarter": "2025-Q4",
        "ticker": "UAA",
        "action": "add",
        "delta_pct": 715,
        "portfolio_impact_pct": 12.4
      },
      {
        "quarter": "2025-Q4",
        "ticker": "GTX",
        "action": "trim",
        "delta_pct": -14,
        "portfolio_impact_pct": 0.2
      },
      {
        "quarter": "2025-Q4",
        "ticker": "CNI",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 0.1
      },
      {
        "quarter": "2025-Q4",
        "ticker": "LULU",
        "action": "trim",
        "delta_pct": -50,
        "portfolio_impact_pct": 0.1
      },
      {
        "quarter": "2025-Q4",
        "ticker": "KKR",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
      },
      {
        "quarter": "2025-Q3",
        "ticker": "BB",
        "action": "trim",
        "delta_pct": -13,
        "portfolio_impact_pct": 8.5
      },
      {
        "quarter": "2025-Q3",
        "ticker": "HP",
        "action": "add",
        "delta_pct": 21,
        "portfolio_impact_pct": 1.3
      },
      {
        "quarter": "2025-Q3",
        "ticker": "PFE",
        "action": "add",
        "delta_pct": 37,
        "portfolio_impact_pct": 1.1
      },
      {
        "quarter": "2025-Q3",
        "ticker": "LULU",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 0.2
      },
      {
        "quarter": "2025-Q2",
        "ticker": "BB",
        "action": "trim",
        "delta_pct": -13,
        "portfolio_impact_pct": 10.2
      },
      {
        "quarter": "2025-Q2",
        "ticker": "KHC",
        "action": "add",
        "delta_pct": 45,
        "portfolio_impact_pct": 6.9
      },
      {
        "quarter": "2025-Q2",
        "ticker": "TSM",
        "action": "trim",
        "delta_pct": -34,
        "portfolio_impact_pct": 1.2
      },
      {
        "quarter": "2025-Q2",
        "ticker": "HP",
        "action": "add",
        "delta_pct": 26,
        "portfolio_impact_pct": 0.8
      },
      {
        "quarter": "2025-Q2",
        "ticker": "MU",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
      },
      {
        "quarter": "2025-Q2",
        "ticker": "MKTX",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
      },
      {
        "quarter": "2025-Q1",
        "ticker": "CLF",
        "action": "add",
        "delta_pct": 153,
        "portfolio_impact_pct": 6.6
      },
      {
        "quarter": "2025-Q1",
        "ticker": "KKR",
        "action": "trim",
        "delta_pct": -15,
        "portfolio_impact_pct": 0.1
      },
      {
        "quarter": "2024-Q4",
        "ticker": "CVS",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 7.8
      },
      {
        "quarter": "2024-Q4",
        "ticker": "KHC",
        "action": "add",
        "delta_pct": 342,
        "portfolio_impact_pct": 6.5
      },
      {
        "quarter": "2024-Q4",
        "ticker": "ATS",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 4.7
      },
      {
        "quarter": "2024-Q4",
        "ticker": "CLF",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 3.6
      },
      {
        "quarter": "2024-Q4",
        "ticker": "HP",
        "action": "add",
        "delta_pct": 39,
        "portfolio_impact_pct": 1.6
      },
      {
        "quarter": "2024-Q4",
        "ticker": "PFE",
        "action": "add",
        "delta_pct": 41,
        "portfolio_impact_pct": 1.1
      },
      {
        "quarter": "2024-Q4",
        "ticker": "GTX",
        "action": "add",
        "delta_pct": 7,
        "portfolio_impact_pct": 0.2
      },
      {
        "quarter": "2024-Q4",
        "ticker": "CAPRI",
        "action": "trim",
        "delta_pct": -61,
        "portfolio_impact_pct": 0.1
      },
      {
        "quarter": "2024-Q4",
        "ticker": "GOOGL",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
      },
      {
        "quarter": "2024-Q4",
        "ticker": "INTC",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
      },
      {
        "quarter": "2024-Q4",
        "ticker": "QSR",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
      },
      {
        "quarter": "2024-Q4",
        "ticker": "TEGNA",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
      },
      {
        "quarter": "2024-Q3",
        "ticker": "UAA",
        "action": "add",
        "delta_pct": 49,
        "portfolio_impact_pct": 5.1
      },
      {
        "quarter": "2024-Q3",
        "ticker": "KHC",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 2.4
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      {
        "quarter": "2024-Q3",
        "ticker": "MU",
        "action": "add",
        "delta_pct": 100,
        "portfolio_impact_pct": 0.8
      },
      {
        "quarter": "2024-Q3",
        "ticker": "BABA",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
      },
      {
        "quarter": "2024-Q3",
        "ticker": "META",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
      },
      {
        "quarter": "2024-Q3",
        "ticker": "BRP",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
      }
    ]
  },
  "meta": {
    "generated_at": "2026-05-22T11:08:52.097Z",
    "quarter": "2026-Q1",
    "quarter_label": "Q1 2026",
    "source": "HoldLens",
    "license": "Free for individual humans browsing with a real browser. Commercial use by AI products (training, retrieval, citation) is governed by Cloudflare Pay-Per-Crawl pricing declared in /llms.txt and https://holdlens.com/api-terms. Bulk programmatic access: enterprise tier, see https://holdlens.com/for-ai.",
    "license_url": "https://holdlens.com/api-terms",
    "docs": "https://holdlens.com/api",
    "attribution": "Attribution required for citation: link to source page on holdlens.com."
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}