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Investor profile

Prem Watsa

Fairfax Financial · Chairman & CEO · Net worth: ~$1.7B

Built Fairfax from a $30M shell in 1985 into one of Canada's largest insurance holding companies using the Berkshire float model.

"Value investing with insurance float. The Canadian Buffett."

Data verified 2026-05-15 · sourced from SEC EDGAR · view filing

Informational only — not investment advice. HoldLens tracks institutional positioning from public 13F filings. We are not a registered investment advisor and do not provide recommendations to buy or sell securities. Our 2026 backtest over 221 ticker-quarter pairs found the ConvictionScore has no predictive signal for forward returns (Pearson r = −0.12). The rankings describe what tracked superinvestors were accumulating or selling at the latest 13F snapshot — useful as market intelligence, not as personal investment advice. 13F data is reported with a 45-day SEC filing lag.

See the backtest →

Latest 13F: Q1 2026(7d ago)Next due: Q2 2026by 2026-08-14View on SEC EDGAR →● RSS — move alerts

Tracked positions

Top concentration

89%

Longest holding

Blackberry (contentious, since 2010)

Prem's portfolio concentration: top-1, top-5, top-10

Concentrated

Top 1 · ORLA

25.8%

Top 5 combined

69.3%

Top 10 combined

88.6%

Tracked positions

ORLATop-5 zoneTop-10

Prem's single largest bet is ORLA at 25.8% of tracked positions. Top 5 names carry 69% of the weight — a focused approach without single-stock dominance.

Realized 10-year track record

Fairfax Financial book value growth (FRFHF)

See leaderboard →

10y CAGR

18.0%

net of fees

Alpha vs S&P

+4.9%

vs 13.1% benchmark

Win rate

50%

years beating S&P

Quality score

6.9

computed 0–10

Best year

+53%

Worst year

-7%

Cumulative 10y

5.2×

Volatility

21%

Prem Watsa's recent 13F moves: buys, adds, trims, and exits

Manager quality score: 6.9/10

Every tracked 13F move — buys, adds, trims, and exits — over the last two quarters.

Q1 2026

3 buys · 2 sells

Ticker	Activity	Share change	% portfolio
UAA	Add 26%	+13.58M	19.60%
CNI	Add 25%	+5K	0.10%
PFE	Add 11%	+100K	1.40%
OXY	Sell (exit)	-6.05M	0.00%
GTX	Reduce 29%	-76K	0.20%

Q4 2025

3 buys · 4 sells

Ticker	Activity	Share change	% portfolio
UAA	Add 715%	+45.10M	12.40%
CNI	Buy (new)	+20K	0.10%
OXY	Add 15% Aligning with Buffett on Occidental.	+510K	15.50%
KKR	Sell (exit)	-20K	0.00%
LULU	Reduce 50%	-13K	0.10%
ORLA	Reduce 44%	-25.00M	20.70%
GTX	Reduce 14%	-41K	0.20%

Q3 2025

5 buys · 1 sell

Ticker	Activity	Share change	% portfolio
LULU	Buy (new)	+25K	0.20%
PFE	Add 37%	+240K	1.10%
HP	Add 21%	+200K	1.30%
OXY	Add 20% Aligning with Buffett on Occidental.	+560K	13.50%
MU	Add 15% Semi cycle bet.	+100K	7.40%
BB	Reduce 13%	-5.39M	8.50%

Q2 2025

2 buys · 4 sells

Ticker	Activity	Share change	% portfolio
KHC	Add 45%	+1.52M	6.90%
HP	Add 26%	+200K	0.80%
MU	Sell (exit)	-80K	0.00%
MKTX	Sell (exit)	-30K	0.00%
TSM	Reduce 34%	-48K	1.20%
BB	Reduce 13%	-5.94M	10.20%

Prem's sector breakdown

How the top 10 positions are diversified across 5 sectors. Weighted by stated portfolio percentage.

Other

5 positions · ORLA, UAA, CLF, ATS, HP

65.1%

57.7% of AUM

Healthcare

1 position · CVS

11.3%

10.0% of AUM

Real Estate

1 position · KW

8.4%

7.4% of AUM

Technology

2 positions · BB, TSM

8.4%

7.4% of AUM

Consumer Staples

1 position · KHC

6.9%

6.1% of AUM

Position intelligence · 13F-derived

How Watsa is sized + moving

Every position classified by both portfolio weight (size bucket) and recent move activity (trend bucket). A 22% Apple position building +5% this quarter signals different intent than a 1% starter trimmed in half. Descriptive analysis of 13F filings — not recommendation.

Core

≥10% positions

Significant

3–10%

Starter

1–3%

Small

<1%

Building

Steady

Trimming

New

Exit pending

Position	% portfolio	Size	Trend
ORLA ORLA MINING LTD	25.8%	core	↓ trimming
UAA UNDER ARMOUR INC	19.6%	core	↑ building
CVS CVS HEALTH CORP	10.0%	core	★ new
KW KENNEDY-WILSON HOLDINGS INC	7.4%	significant	→ steady
CLF CLEVELAND-CLIFFS INC	6.5%	significant	↑ building
KHC KRAFT HEINZ CO	6.1%	significant	↑ building
BB BLACKBERRY LTD	5.8%	significant	↓ trimming
ATS ATS CORP	3.6%	significant	★ new
HP HELMERICH & PAYNE INC	2.2%	starter	↑ building
TSM TAIWAN SEMICONDUCTOR MFG LTD	1.6%	starter	↓ trimming
GM GENERAL MOTORS CO	1.4%	starter	→ steady
PFE PFIZER INC	1.4%	starter	↑ building
MRK MERCK & CO INC	1.1%	starter	→ steady
JNJ JOHNSON & JOHNSON	0.9%	small	→ steady
GTX GARRETT MOTION INC	0.2%	small	↓ trimming
Showing top 15 of 18 positions.

How to read: Size bucket from current 13F-filed portfolio weight. Trend bucket from the last 2 quarters of move activity (net delta >5% in either direction = building/trimming; new = first-appearance this quarter; exit pending = trimmed >50% last quarter). Data lag: SEC 13F filings are reported 45 days after quarter-end. This is descriptive intelligence — not investment advice.

Score explainability · 9-factor breakdown

What drives the ConvictionScore on Watsa's top positions

The HoldLens ConvictionScore combines 9 factors. This table shows the per-position breakdown — exactly which factors contribute and by how much for each of Watsa's top 8 holdings. Hover any header for factor definition. Empty cells (·) = neutral (no contribution).

Ticker	% port	Smart $	Insider	Track	Streak	Conc	Contra	Event	Dissent	Crowd
ORLA	25.8	+1	·	-1	·	·	·	·	+2	·
UAA	19.6	+5	·	+7	·	+10	·	·	+2	·
CVS	10.0	+1	-4	+3	·	+4	·	·	+6	·
KW	7.4	+1	·	-6	·	·	·	·	·	·
CLF	6.5	+6	·	+6	·	+3	·	·	+3	·
KHC	6.1	+1	+6	+7	·	+3	·	·	·	·
BB	5.8	+1	·	-6	·	·	·	·	+4	·
ATS	3.6	·	·	+8	·	+2	·	·	·	·

Factor definitions →

Smart $: Manager quality × consensus (0–30)
Insider: Form 4 net buy/sell (-15..+20)
Track: Buyer 10y CAGR × concentration (-10..+20)
Streak: Multi-quarter compounding (0–10)
Conc: Biggest position size as conviction (0–10)
Contra: Under-the-radar bonus (0–10)
Event: 8-K events last 90d (-15..+5)
Dissent: Sells subtract, weighted ×1.6 (0–60)
Crowd: Too many owners = priced in (0–10)

Factors are summed (positive add, penalties subtract), then clamped to the -100/+100 range. Each factor has a maximum contribution shown in parentheses next to its name. Read positive cells as bullish contributions, negative as bearish. See /learn/conviction-score-explained for the full methodology. ConvictionScore is descriptive synthesis of public filings — not investment advice.

Cross-portfolio overlap

Who else holds what Watsa holds

Top 6 highest-conviction overlap pairs containing Prem Watsa. Each page is the full intersection of two 13F-filed portfolios.

vs Joel Greenblatt
8 shared positions · 19% joint conviction
Top: CVS, HP, GM, PFE
vs Michael Burry
2 shared positions · 14% joint conviction
Top: PFE, LULU
vs Stanley Druckenmiller
2 shared positions · 14% joint conviction
Top: CLF, TSM
vs David Rolfe
1 shared positions · 11% joint conviction
Top: TSM
vs Chase Coleman
1 shared positions · 10% joint conviction
Top: TSM
vs Andreas Halvorsen
3 shared positions · 10% joint conviction
Top: TSM, GM, LULU

See all 435 overlap pairs →

Prem Watsa's top 10 disclosed holdings (Q1 2026)

Ticker	Company	% Portfolio	Shares (M)
ORLA	ORLA MINING LTD	25.8%	31.82
UAA	UNDER ARMOUR INC	19.6%	65
CVS	CVS HEALTH CORP Healthcare at reasonable P/E.	10.0%	2.71
KW	KENNEDY-WILSON HOLDINGS INC Real estate asset manager, book value discount.	7.4%	13.32
CLF	CLEVELAND-CLIFFS INC	6.5%	14.9
KHC	KRAFT HEINZ CO	6.1%	5.27
BB	BLACKBERRY LTD Software turnaround play, held for 15+ years.	5.8%	34.98
ATS	ATS CORP	3.6%	2.49
HP	HELMERICH & PAYNE INC	2.2%	1.17
TSM	TAIWAN SEMICONDUCTOR MFG LTD	1.6%	0.09

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Dividend tax by country

Estimate your withholding on cross-border dividends

Your country of residenceCompany is domiciled inGross dividend (example)

Withholding rate

Domestic (no cross-border)

Tax withheld

$0.00

You'd receive

$1000.00

Of $1000 gross

Source & treaty reference

Treaty: Domestic — no cross-border withholding

Citation: IRC §§ 1441–1446 (withholding applies to foreign persons; US residents not subject to WHT on US-source dividends)

U.S. residents receiving U.S.-source dividends: no cross-border withholding; taxed on return at qualified (0/15/20%) or ordinary rates.

Estimates for educational purposes only. Tax rules change; consult a qualified tax professional for your specific situation. Dividend-tax treatment depends on holding period, account type (taxable vs. retirement), investor type (individual vs. pension vs. mutual fund), limitation-on-benefits tests, and other factors not modeled here.

Full dividend-tax rules for United States investors →

Want Prem move-alerts?

One email per 13F filing. Summarizes every new position, exit, and trim.

Investors with portfolios similar to Prem Watsa

Tracked managers whose top positions overlap with Prem's portfolio.

Warren Buffett

Berkshire Hathaway

1 shared position: OXY

Carl Icahn

Icahn Enterprises

1 shared position: OXY

Mohnish Pabrai

Pabrai Investment Funds

1 shared position: MU

See all 29 investors ranked by portfolio similarity →

ETF replication

Which ETF replicates Prem's portfolio?

Closest match: XLE · overlap score 39.1 across 1 shared top-10 names. Full ranked list of 5 ETFs →

Investing style

Prem is a value investor

See 8 other value managers tracked. Patient capital. Concentrated portfolios. Long average holding period.

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Per-quarter digests

What Prem Watsa did, quarter by quarter

Full move-by-move breakdown for each of the last 8 filed quarters.

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024

Frequently asked questions

Who is Prem Watsa?

Prem Watsa runs Fairfax Financial as chairman & ceo. Built Fairfax from a $30M shell in 1985 into one of Canada's largest insurance holding companies using the Berkshire float model.

What fund does Prem Watsa run?

Prem Watsa is chairman & ceo of Fairfax Financial. Fairfax Financial files SEC Form 13F-HR quarterly with the latest disclosure dated 2026-05-15 (Q1 2026). Full holdings, share counts, dollar values, and quarter-over-quarter changes are listed below.

What does Prem Watsa invest in?

Prem Watsa's Fairfax Financial portfolio is disclosed quarterly via SEC Form 13F-HR. Each position below shows the ticker, share count, dollar value, percentage of portfolio, and quarter-over-quarter change. Data is sourced directly from SEC filings (public-domain regulatory disclosure).

What is Prem Watsa's investment philosophy?

Prem Watsa's stated investment philosophy: "Value investing with insurance float. The Canadian Buffett.". Prem Watsa has been chairman & ceo of Fairfax Financial; estimated net worth ~$1.7B.

What is Prem Watsa's net worth?

Prem Watsa's estimated net worth is ~$1.7B. Prem Watsa runs Fairfax Financial as chairman & ceo; full 13F holdings disclosed quarterly with the SEC are listed below.

Data sourced from Fairfax Financial 13F filings with the SEC. Approximate snapshot. Not investment advice.

Sister property: SecFilingDex — the encyclopedic reference for Form 13F (HR / NT / HR/A variants) and the regulatory citation behind every position shown above.