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Prem Watsa · quarter digest

What Prem Watsa did in Q3 2025

Fairfax Financial filed 11 moves in Q3 2025: 3 new, 5 add, 1 trim, 2 exit.

13F filed 2025-11-14. Manager quality score: q7. Philosophy: Value investing with insurance float. The Canadian Buffett.

New positions · 3

Fresh money

DLTRDOLLAR TREE INC
NEW·0.2% book·−7
LULULULULEMON ATHLETICA INC
NEW·0.2% book·+7
BRSLBRIGHTSTAR LOTTERY PLC
NEW·0.0% book·+4
Adds · 5

Adding to conviction

ADD +20%·13.5% book·+21

“Aligning with Buffett on Occidental.”

ADD +15%·7.4% book·+22

“Semi cycle bet.”

TAPMOLSON COORS BEVERAGE CO
ADD +6%·2.9% book·+12
HPHELMERICH & PAYNE INC
ADD +21%·1.3% book·+5
PFEPFIZER INC
ADD +37%·1.1% book·+10
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Trims · 1

Taking chips off

BBBLACKBERRY LTD
TRIM -13%·8.5% book·−10
Exits · 2

Closed positions

ATHMAUTOHOME INC
EXIT·0.0% book·−6
LWAYLIFEWAY FOODS INC
EXIT·0.0% book·+5
Current top holdings

Prem Watsa’s book, latest snapshot

#TickerWeight
1BB
BlackBerry
18.2%
2OXY
Occidental Petroleum
13.5%
3KW
Kennedy-Wilson Holdings
9.8%
4MU
Micron Technology
7.4%
5CVS
CVS Health
5.9%
Other quarters for Prem Watsa

Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.

Deep dive

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