Prem Watsa – Fairfax Financial Holdings Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Fairfax Financial Holdings portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q2 2025, the filing reported:

New Buys – Vanguard S&P 500 ETF (VOO), PENN Entertainment, Inc. (PENN)

Increases – The Kraft Heinz Company (KHC), Helmerich & Payne, Inc. (HP), Occidental Petroleum Corporatio (OXY), Lifeway Foods, Inc. (LWAY), Molson Coors Beverage Company (TAP)

Reductions – Taiwan Semiconductor Manufactur (TSM), BlackBerry Limited (BB)

Complete Exits – MGM Resorts International (MGM), Micron Technology, Inc. (MU), Gentex Corporation (GNTX)

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Fairfax Financial Holdings Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q1 2017Mar 31, 2017	WFC Wells Fargo & Company	Wells Fargo & Company	Sell	-6,000-9.1%	$3.33K	59,800
Q1 2017Mar 31, 2017	BYON Beyond, Inc.	Beyond, Inc.	Sell - Position Exit	-3,184,677-100.0%	$0.00	-
Q4 2016Dec 31, 2016	KW Kennedy-Wilson Holdings Inc.	Kennedy-Wilson Holdings Inc.	Buy	+3,366,973+37.6%	$251.98K	12,321,921
Q4 2016Dec 31, 2016	USB U.S. Bancorp	U.S. Bancorp	Buy	+384,800+1658.6%	$20.96K	408,000
Q4 2016Dec 31, 2016	JNJ Johnson & Johnson	Johnson & Johnson	Buy	+68,400+82.6%	$17.43K	151,250
Q4 2016Dec 31, 2016	NTES NetEase, Inc.	NetEase, Inc.	Buy	+2,000+200.0%	$646.00	3,000
Q4 2016Dec 31, 2016	IBM International Business Machines	International Business Machines	Sell	-600-0.0%	$226.06K	1,361,900
Q4 2016Dec 31, 2016	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-3,500-17.9%	$2.61K	16,000
Q4 2016Dec 31, 2016	WFC Wells Fargo & Company	Wells Fargo & Company	Sell	-3,500-5.1%	$3.63K	65,800
Q4 2016Dec 31, 2016	CSX CSX Corporation	CSX Corporation	Sell - Position Exit	-9,800-100.0%	$0.00	-
Q4 2016Dec 31, 2016	RYAM Rayonier Advanced Materials Inc	Rayonier Advanced Materials Inc	Sell	-35,000-50.0%	$541.00	35,000
Q3 2016Sep 30, 2016	NTES NetEase, Inc.	NetEase, Inc.	Buy - Position Entry	+1,000	$241.00	1,000
Q2 2016Jun 30, 2016	GD General Dynamics Corporation	General Dynamics Corporation	Buy - Position Entry	+1,500	$209.00	1,500
Q2 2016Jun 30, 2016	BCE BCE, Inc.	BCE, Inc.	Sell - Position Exit	-268,300-100.0%	$0.00	-
Q2 2016Jun 30, 2016	IBN ICICI Bank Limited	ICICI Bank Limited	Sell - Position Exit	-1,500,000-100.0%	$0.00	-
Q1 2016Mar 31, 2016	IBN ICICI Bank Limited	ICICI Bank Limited	Buy - Position Entry	+1,500,000	$10.74K	1,500,000
Q1 2016Mar 31, 2016	CSX CSX Corporation	CSX Corporation	Buy - Position Entry	+9,800	$252.00	9,800
Q1 2016Mar 31, 2016	HP Helmerich & Payne, Inc.	Helmerich & Payne, Inc.	Buy	+1,000+0.3%	$20.55K	349,974
Q1 2016Mar 31, 2016	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-1,000-4.9%	$2.77K	19,500
Q1 2016Mar 31, 2016	GD General Dynamics Corporation	General Dynamics Corporation	Sell - Position Exit	-1,500-100.0%	$0.00	-
Q4 2015Dec 31, 2015	HP Helmerich & Payne, Inc.	Helmerich & Payne, Inc.	Buy	+344,000+6916.0%	$18.69K	348,974
Q4 2015Dec 31, 2015	KW Kennedy-Wilson Holdings Inc.	Kennedy-Wilson Holdings Inc.	Buy	+7+0.0%	$215.63K	8,954,948
Q4 2015Dec 31, 2015	IBM International Business Machines	International Business Machines	Sell	-600-0.0%	$187.51K	1,362,500
Q4 2015Dec 31, 2015	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-1,000-4.7%	$2.71K	20,500
Q4 2015Dec 31, 2015	CSX CSX Corporation	CSX Corporation	Sell - Position Exit	-7,600-100.0%	$0.00	-
Q4 2015Dec 31, 2015	MRK Merck & Company, Inc.	Merck & Company, Inc.	Sell - Position Exit	-12,000-100.0%	$0.00	-
Q4 2015Dec 31, 2015	HOLX Hologic, Inc.	Hologic, Inc.	Sell - Position Exit	-20,000-100.0%	$0.00	-
Q4 2015Dec 31, 2015	C Citigroup, Inc.	Citigroup, Inc.	Sell - Position Exit	-20,000-100.0%	$0.00	-
Q4 2015Dec 31, 2015	BP BP p.l.c.	BP p.l.c.	Sell - Position Exit	-21,000-100.0%	$0.00	-
Q4 2015Dec 31, 2015	PTEN Patterson-UTI Energy, Inc.	Patterson-UTI Energy, Inc.	Sell - Position Exit	-25,000-100.0%	$0.00	-

Page 16 of 19 • 555 total trades

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