Prem Watsa’s Fairfax Financial Holdings purchased 13,746,506 shares of Eldorado Gold Corp in the second quarter of 2026. The investment is valued at $427 million. This new stake represents 16.18% of Fairfax’s total portfolio.
Fairfax established the position as a strategic hedge against economic uncertainty. The move signals high conviction in the gold mining sector from the high-profile value investor.
In contrast, Empowered Funds LLC reduced its holdings in the company by 93.3% during the first quarter.