FAIRFAX FINANCIAL HOLDINGS LTD CAN's Q4 2025 13F: 3 new positions, 3 exits
Form 13F-HR for the quarter ended Dec 31, 2025 · filed Feb 17, 2026 · 29 reported positions · accession 0001104659-26-015544
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | ORLA MINING LTD (ORLA) | 29.6% | 20.3% | −9.2 pts | −25M sh | −44% |
| Increased | UNDER ARMOUR INC (UAA) | 1.5% | 10.0% | +8.5 pts | +35.65M sh | +565% |
| New | UNDER ARMOUR INC (UA) | — | 2.2% | +2.2 pts | +9.46M sh | new |
| Exited | DOLLAR TREE INC (DLTR) | 0.2% | — | −0.2 pts | −44,380 sh | −100% |
| Exited | FRANCO-NEVADA CORP (FNV) | 0.2% | — | −0.2 pts | −16,800 sh | −100% |
| Exited | KKR & CO INC (KKR) | 0.1% | — | −0.1 pts | −20,000 sh | −100% |
| Reduced | LULULEMON ATHLETICA INC (LULU) | 0.2% | 0.1% | −0.1 pts | −12,500 sh | −50% |
| Increased | MOLSON COORS BEVERAGE CO (TAP) | 2.8% | 3.0% | +0.2 pts | +48,429 sh | +4% |
| New | CANADIAN NATIONAL RAILWAY CO (CNI) | — | 0.1% | +0.1 pts | +19,800 sh | new |
| Reduced | BLACKBERRY LTD (BB) | 8.3% | 6.3% | −2.0 pts | −415K sh | −1% |
| Reduced | GARRETT MOTION INC (GTX) | 0.2% | 0.2% | 0.0 pts | −41,400 sh | −14% |
| New | PRIORITY TECH HOLDINGS INC (PRTH) | — | 0.0% | 0.0 pts | +70,500 sh | new |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 86.9% of the equity book
Changes in the top 10 this quarter: UAA entered · VOO left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | ORLA MINING LTD (ORLA) | 29.6% | 20.3% | |
| 2 | OCCIDENTAL PETROLEUM CORP (OXY) | 13.8% | 11.9% | |
| 3 | CVS HEALTH CORP (CVS) | 9.9% | 10.3% | |
| 4 | UNDER ARMOUR INC (UAA) | 1.5% | 10.0% | Entered the top 10 |
| 5 | CLEVELAND-CLIFFS INC (CLF) | 8.8% | 9.5% | |
| 6 | BLACKBERRY LTD (BB) | 8.3% | 6.3% | |
| 7 | KENNEDY-WILSON HOLDINGS INC (KW) | 5.4% | 6.2% | |
| 8 | KRAFT HEINZ CO (KHC) | 6.5% | 6.0% | |
| 9 | ATS CORP (ATS) | 3.1% | 3.3% | |
| 10 | MOLSON COORS BEVERAGE CO (TAP) | 2.8% | 3.0% | |
| — | VANGUARD INDEX FUNDS (VOO) | 1.7% | 1.8% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).