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
Q2 2023Jun 30, 2023	CP Canadian Pacific Kansas City Li	Canadian Pacific Kansas City Li	Buy - Position Entry	+15,000	$1.21M	15,000
Q2 2023Jun 30, 2023	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+9,300+75.6%	$6.20M	21,600
Q2 2023Jun 30, 2023	EPAM EPAM Systems, Inc.	EPAM Systems, Inc.	Buy - Position Entry	+6,950	$1.56M	6,950
Q2 2023Jun 30, 2023	AXP American Express Company	American Express Company	Sell - Position Exit	-1,600-100.0%	$0.00	-
Q2 2023Jun 30, 2023	EOG EOG Resources, Inc.	EOG Resources, Inc.	Sell - Position Exit	-2,000-100.0%	$0.00	-
Q2 2023Jun 30, 2023	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-2,000-0.6%	$40.05M	334,620
Q2 2023Jun 30, 2023	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Sell	-4,800-4.9%	$9.45M	93,700
Q2 2023Jun 30, 2023	DVN Devon Energy Corporation	Devon Energy Corporation	Sell - Position Exit	-6,000-100.0%	$0.00	-
Q2 2023Jun 30, 2023	BIL SPDR Bloomberg 1-3 Month T-Bill	SPDR Bloomberg 1-3 Month T-Bill	Sell	-8,600-46.2%	$918.20K	10,000
Q2 2023Jun 30, 2023	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Sell - Position Exit	-12,583-100.0%	$0.00	-
Q2 2023Jun 30, 2023	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell - Position Exit	-19,390-100.0%	$0.00	-
Q2 2023Jun 30, 2023	GE GE Aerospace	GE Aerospace	Sell	-75,000-43.1%	$10.86M	98,862
Q2 2023Jun 30, 2023	CVX Chevron Corporation	Chevron Corporation	Sell - Position Exit	-314,000-100.0%	$0.00	-
Q2 2023Jun 30, 2023	BAC Bank of America Corporation	Bank of America Corporation	Sell - Position Exit	-3,402,000-100.0%	$0.00	-
Q1 2023Mar 31, 2023	ORLA Orla Mining Ltd.	Orla Mining Ltd.	Buy	+4,663,700+43.5%	$71.95M	15,383,350
Q1 2023Mar 31, 2023	OXY Occidental Petroleum Corporatio	Occidental Petroleum Corporatio	Buy	+2,108,927+228.9%	$189.16M	3,030,427
Q1 2023Mar 31, 2023	MU Micron Technology, Inc.	Micron Technology, Inc.	Buy	+377,800+10.9%	$231.66M	3,839,849
Q1 2023Mar 31, 2023	BAC Bank of America Corporation	Bank of America Corporation	Buy	+301,000+9.7%	$97.20M	3,402,000
Q1 2023Mar 31, 2023	INTC Intel Corporation	Intel Corporation	Buy	+100,000+15.3%	$24.57M	752,500
Q1 2023Mar 31, 2023	FHN First Horizon Corporation	First Horizon Corporation	Buy	+26,000+40.4%	$1.61M	90,300
Q1 2023Mar 31, 2023	TXNM TXNM Energy, Inc.	TXNM Energy, Inc.	Buy - Position Entry	+17,000	$827.22K	17,000
Q1 2023Mar 31, 2023	FG F&G Annuities & Life, Inc.	F&G Annuities & Life, Inc.	Sell - Position Exit	-1,904-100.0%	$0.00	-
Q1 2023Mar 31, 2023	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell	-8,610-30.8%	$677.29K	19,390
Q1 2023Mar 31, 2023	TME Tencent Music Entertainment Gro	Tencent Music Entertainment Gro	Sell - Position Exit	-75,000-100.0%	$0.00	-
Q1 2023Mar 31, 2023	VMD Viemed Healthcare, Inc.	Viemed Healthcare, Inc.	Sell - Position Exit	-150,000-100.0%	$0.00	-
Q4 2022Dec 31, 2022	ORLA Orla Mining Ltd.	Orla Mining Ltd.	Buy	+500,000+4.9%	$42.72M	10,719,650
Q4 2022Dec 31, 2022	G25457105 Credo Technology	Credo Technology	Buy - Position Entry	+87,566	$1.16M	87,566
Q4 2022Dec 31, 2022	BN Brookfield Corporation	Brookfield Corporation	Buy - Position Entry	+50,000	$1.57M	50,000
Q4 2022Dec 31, 2022	TGNA TEGNA Inc	TEGNA Inc	Buy - Position Entry	+32,000	$677.76K	32,000
Q4 2022Dec 31, 2022	BIL SPDR Bloomberg 1-3 Month T-Bill	SPDR Bloomberg 1-3 Month T-Bill	Buy - Position Entry	+18,600	$1.70M	18,600

Page 5 of 19 • 555 total trades

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