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
Q4 2015Dec 31, 2015	PFE Pfizer, Inc.	Pfizer, Inc.	Sell	-25,000-10.6%	$6.78K	210,000
Q4 2015Dec 31, 2015	NYCB NY Community Bancorp	NY Community Bancorp	Sell - Position Exit	-40,000-100.0%	$0.00	-
Q4 2015Dec 31, 2015	NYT New York Times Company (The)	New York Times Company (The)	Sell - Position Exit	-70,000-100.0%	$0.00	-
Q4 2015Dec 31, 2015	MBI MBIA Inc.	MBIA Inc.	Sell - Position Exit	-105,000-100.0%	$0.00	-
Q3 2015Sep 30, 2015	PKX POSCO Holdings Inc.	POSCO Holdings Inc.	Buy - Position Entry	+191,879	$6.72K	191,879
Q3 2015Sep 30, 2015	MBI MBIA Inc.	MBIA Inc.	Buy	+35,000+50.0%	$638.00	105,000
Q3 2015Sep 30, 2015	RYAM Rayonier Advanced Materials Inc	Rayonier Advanced Materials Inc	Buy	+30,000+75.0%	$428.00	70,000
Q3 2015Sep 30, 2015	BB BlackBerry Limited	BlackBerry Limited	Buy	+25,000+0.1%	$286.16K	46,724,700
Q3 2015Sep 30, 2015	BP BP p.l.c.	BP p.l.c.	Buy	+7,000+50.0%	$642.00	21,000
Q3 2015Sep 30, 2015	HP Helmerich & Payne, Inc.	Helmerich & Payne, Inc.	Buy	+1,817+57.6%	$235.00	4,974
Q3 2015Sep 30, 2015	KW Kennedy-Wilson Holdings Inc.	Kennedy-Wilson Holdings Inc.	Sell	-7-0.0%	$198.62K	8,954,941
Q3 2015Sep 30, 2015	NEU NewMarket Corp	NewMarket Corp	Sell - Position Exit	-750-100.0%	$0.00	-
Q3 2015Sep 30, 2015	ORI Old Republic International Corp	Old Republic International Corp	Sell - Position Exit	-25,000-100.0%	$0.00	-
Q3 2015Sep 30, 2015	WEN Wendy's Company (The)	Wendy's Company (The)	Sell - Position Exit	-53,200-100.0%	$0.00	-
Q2 2015Jun 30, 2015	KW Kennedy-Wilson Holdings Inc.	Kennedy-Wilson Holdings Inc.	Buy	+8,554,948+2138.7%	$220.20K	8,954,948
Q2 2015Jun 30, 2015	WEN Wendy's Company (The)	Wendy's Company (The)	Buy - Position Entry	+53,200	$600.00	53,200
Q2 2015Jun 30, 2015	MBI MBIA Inc.	MBIA Inc.	Buy	+20,000+40.0%	$421.00	70,000
Q2 2015Jun 30, 2015	ORI Old Republic International Corp	Old Republic International Corp	Sell	-20,000-44.4%	$391.00	25,000
Q1 2015Mar 31, 2015	BB BlackBerry Limited	BlackBerry Limited	Buy	+45,000+0.1%	$416.51K	46,699,700
Q1 2015Mar 31, 2015	MBI MBIA Inc.	MBIA Inc.	Buy	+20,000+66.7%	$465.00	50,000
Q1 2015Mar 31, 2015	PTEN Patterson-UTI Energy, Inc.	Patterson-UTI Energy, Inc.	Buy	+13,000+108.3%	$469.00	25,000
Q1 2015Mar 31, 2015	HP Helmerich & Payne, Inc.	Helmerich & Payne, Inc.	Buy - Position Entry	+3,157	$215.00	3,157
Q1 2015Mar 31, 2015	BP BP p.l.c.	BP p.l.c.	Buy	+3,000+27.3%	$548.00	14,000
Q1 2015Mar 31, 2015	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-3,000-12.2%	$3.11K	21,500
Q1 2015Mar 31, 2015	NAVI Navient Corporation	Navient Corporation	Sell - Position Exit	-15,000-100.0%	$0.00	-
Q1 2015Mar 31, 2015	SLM SLM Corporation	SLM Corporation	Sell - Position Exit	-15,000-100.0%	$0.00	-
Q1 2015Mar 31, 2015	CRESY Cresud S.A.C.I.F. y A.	Cresud S.A.C.I.F. y A.	Sell - Position Exit	-723,012-100.0%	$0.00	-
Q4 2014Dec 31, 2014	IBM International Business Machines	International Business Machines	Buy	+295,000+27.6%	$218.70K	1,363,100
Q4 2014Dec 31, 2014	RYAM Rayonier Advanced Materials Inc	Rayonier Advanced Materials Inc	Buy	+27,300+215.0%	$892.00	40,000
Q4 2014Dec 31, 2014	GD General Dynamics Corporation	General Dynamics Corporation	Sell	-700-31.8%	$206.00	1,500

Page 17 of 19 • 555 total trades

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