Prem Watsa - Fairfax Financial Holdings Portfolio

Period Date  Mar 31, 2025
Filing Date  May 15, 2025
Total Stocks  29
Portfolio Value  $1.84B

Fairfax Financial Holdings Strategy Analysis

Investment Strategy Metrics

Key metrics revealing investment style, risk management, and performance characteristics

MetricValueCategoryDescription
Holding Period1.7 yearsStyleAverage duration positions are maintained
Position Count56StyleNumber of active positions in portfolio
Position Size2.5%RiskTypical allocation per position
Win Rate51.9%PerformancePercentage of profitable positions
Average Return57.3%PerformanceMean return across positions
Sharpe Ratio0.09PerformanceReturn per unit of risk taken

Investment Case Study: ORLA MINING LTD (ORLA)

9/30/2022 - 7/7/2025

Performance Metrics

Total Return: 131,549.27%

Holding Period: 1011 days

Max Position Size: $225,847,381.00

Position Weight: 7.78%

Key Events

9/30/2022: ENTRY(10,219,650.00 shares) @ $0.00
12/31/2022: INCREASE(500,000.00 shares) @ $3.99
3/31/2023: INCREASE(4,663,700.00 shares) @ $4.68
6/30/2023: INCREASE(4,533,200.00 shares) @ $4.16
9/30/2023: INCREASE(11,192,100.00 shares) @ $3.54
12/31/2023: INCREASE(6,588,541.00 shares) @ $3.23
3/31/2024: INCREASE(17,958,038.00 shares) @ $3.77
9/30/2024: INCREASE(1,162,000.00 shares) @ $3.97

Investment Thesis

Entry Context: Initial position established based on fundamental analysis

Sector Conditions: Favorable market conditions in the sector

Risk Factors:
  • Market volatility
  • Sector-specific risks

Key Learnings

  • Position sizing is critical for portfolio management
  • Important to monitor sector exposure

Sector Allocations