Fairfax Financial Holdings, led by prominent investor Prem Watsa, has completely sold off its long-held position in BlackBerry Ltd. According to a quarterly SEC filing, the firm exited its entire stake of nearly 35 million shares, previously valued at over $113 million, during the second quarter of 2026. The move ends a 16-year investment relationship that saw Fairfax become one of BlackBerry's most significant and steadfast backers.
This disclosure is based on a 13F filing dated August 14, 2026, which details the firm's holdings as of June 30, 2026. Such filings are delayed, meaning the trades occurred sometime between April and June. Prem Watsa has declined to comment on the sale. The exit follows a long and reportedly unprofitable equity investment for Fairfax, which first bought shares in 2010 and had an average cost basis far above the stock's trading range for most of the past decade.