Question 1

What stocks did Prem Watsa buy this quarter?

Accepted Answer

In the Q2 '26 13F filing, Prem Watsa added 6 new positions and increased 6 existing holdings, totaling $1.45B in buy activity. New positions alone account for $444.8M.

Question 2

What was Prem Watsa's biggest new buy?

Accepted Answer

Prem Watsa's largest new position in the Q2 '26 filing was ELDORADO GOLD CORP (EGO) at $427.0M, representing 16.18% of the portfolio.

Question 3

How are these "buys" calculated?

Accepted Answer

Buys are derived from quarter-over-quarter changes in 13F filings. NEW positions are stocks not held in the previous quarter; INCREASED positions are existing holdings where share count grew. 13F filings have a ~45-day reporting lag from the SEC.

Ticker	Company	Shares	Value	% Portfolio
EGO	ELDORADO GOLD CORP	13746506	$427.0M	16.18%
KSPI	KASPI KZ JSC	106000	$9.2M	0.35%
RCIAF	ROGERS COMMUNICATIONS INC	150200	$4.9M	0.18%
DPZ	DOMINO'S PIZZA INC	7230	$2.1M	0.08%
EA	ELECTRONIC ARTS INC	5100	$1.0M	0.04%
CPAC	CEMENTOS PACASMAYO SAA	50000	$595K	0.02%

Ticker	Company	Shares	Value	% Portfolio	Change
ORLA	ORLA MINING LTD	58399504	$568.5M	21.55%	+83.5%
UAA	UNDER ARMOUR INC	45356965	$289.8M	10.98%	+5.5%
TAP	MOLSON COORS BEVERAGE CO	1994500	$77.7M	2.94%	+38.7%
WEN	WENDYS CO	8005627	$66.3M	2.51%	+144.9%
WBD	WARNER BROS DISCOVERY INC	81900	$2.2M	0.08%	+41.5%
MX	MAGNACHIP SEMICONDUCTOR CORP	62500	$296K	0.01%	+-50.0%

Prem Watsa — Recent Buys

New positions (6)

Increased positions (6)