UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: December 31, 2011
Check here if Amendment: [_]; Amendment Number: ________________________________
This Amendment (check only one): [_] is a restatement.
[_] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Fairfax Financial Holdings Limited
Address: 95 Wellington Street West
Suite 800
Toronto, ON M5J 2N7
Form 13F File Number: 028-12554
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Paul Rivett
Title: Vice President and Chief Legal Officer
Phone: 416-367-4941
Signature, Place, and Date of Signing:
/s/ Paul Rivett Toronto, ON February 14, 2012
----------------
Report Type (Check one only):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[_] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
[_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 43
Form 13F Information Table Value Total: $1,835,798
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
No. Form 13F File Number Name
01 028-12555 Hamblin Watsa Investment Counsel Ltd.
02 028-12556 V. Prem Watsa
FAIRFAX FINANCIAL HOLDINGS LIMITED
FORM 13F INFORMATION TABLE
December 31, 2011
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
-------- -------------- --------- -------- ---------- -------- ---- ---------- -------- ----------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
-------------- -------------- --------- -------- ---------- -------- ---- ---------- -------- ---- ------ ----
ABITIBIBOWATER
INC.............. COM NEW 003687209 254,504 17,503,704 SH DEFINED 01,02 SOLE
BALDWIN &
LYONS INC........ CL B 057755209 21,095 969,875 SH DEFINED 01,02 SOLE
BCE INC............ COM NEW 05534B760 11,183 268,300 SH DEFINED 01,02 SOLE
BERKSHIRE
HATHAWAY
INC.............. CL A 084670108 687 6 SH DEFINED 01,02 SOLE
BERKSHIRE
HATHAWAY
INC.............. CL B NEW 84670702 801 10,500 SH DEFINED 01,02 SOLE
BRISTOL MYERS
SQUIBB CO........ COM 110122108 352 10,000 SH DEFINED 01,02 SOLE
BROWN & BROWN
INC.............. COM 115236101 272 12,000 SH DEFINED 01,02 SOLE
CFS BANCORP
INC.............. COM 12525D102 43 10,000 SH DEFINED 01,02 SOLE
CITIGROUP INC...... COM NEW 172967424 526 20,000 SH DEFINED 01,02 SOLE
CNINSURE INC....... SPONSORED ADR 18976M103 310 45,000 SH DEFINED 01,02 SOLE
CRESUD S A C I F Y
A................ SPONSORED ADR 226406106 10,065 886,008 SH DEFINED 01,02 SOLE
DELL INC........... COM 24702R101 133,809 9,152,489 SH DEFINED 01,02 SOLE
EXCO RESOURCES
INC.............. COM 269279402 6,880 659,000 SH DEFINED 01,02 SOLE
FRONTIER
COMMUNICATIONS
CORP............. COM 35906A108 95,707 18,620,000 SH DEFINED 01,02 SOLE
HOLOGIC INC........ COM 436440101 350 20,000 SH DEFINED 01,02 SOLE
INTEL CORP......... SDCV 458140AD2 11,974 11,500,000 PRN DEFINED 01,02 SOLE
JOHNSON &
JOHNSON.......... COM 478160104 389,846 5,947,300 SH DEFINED 01,02 SOLE
KENNEDY-WILSON
HLDGS INC........ COM 489398107 4,216 400,000 SH DEFINED 01,02 SOLE
LEVEL 3
COMMUNICATIONS
INC.............. NOTE 52729NBP4 81,281 75,000,000 PRN DEFINED 01,02 SOLE
LEVEL 3
COMMUNICATIONS
INC.............. COM NEW 52729N308 219,441 12,931,142 SH DEFINED 01,02 SOLE
MBIA INC........... COM 55262C100 347 30,000 SH DEFINED 01,02 SOLE
MERCK & CO.
INC.............. COM 58933Y105 302 8,000 SH DEFINED 01,02 SOLE
MOHAWK INDS
INC.............. COM 608190104 347 5,800 SH DEFINED 01,02 SOLE
MOTOROLA
MOBILITY
HLDGS INC........ COM 620097105 931 24,000 SH DEFINED 01,02 SOLE
NAM TAI ELECTRS
INC.............. COM PAR $0.02 629865205 185 35,000 SH DEFINED 01,02 SOLE
NEW YORK
COMMUNITY
BANCORP INC...... COM 649445103 371 30,000 SH DEFINED 01,02 SOLE
NEW YORK TIMES
CO............... CL A 650111107 270 35,000 SH DEFINED 01,02 SOLE
NEWMARKET
CORP............. COM 651587107 395 2,000 SH DEFINED 01,02 SOLE
OLD REPUBLIC
INTL
CORPORATION...... COM 680223104 324 35,000 SH DEFINED 01,02 SOLE
OVERSTOCK.COM
INC.............. COM 690370101 26,500 3,388,774 SH DEFINED 01,02 SOLE
PATTERSON UTI
ENERGY INC....... COM 703481101 299 15,000 SH DEFINED 01,02 SOLE
PFIZER INC......... COM 717081103 5,085 235,000 SH DEFINED 01,02 SOLE
PHARMASSET
INC.............. COM 71715N106 1,895 14,800 SH DEFINED 01,02 SOLE
PRIMERO MINING
CORP............. COM 74164W106 721 230,000 SH DEFINED 01,02 SOLE
RESEARCH IN
MOTION LTD....... COM 760975102 185,476 12,798,300 SH DEFINED 01,02 SOLE
RYANAIR HLDGS
PLC.............. SPONSORED ADR 783513104 5,402 194,100 SH DEFINED 01,02 SOLE
SANDRIDGE
ENERGY INC....... COM 80007P307 35,428 4,347,000 SH DEFINED 01,02 SOLE
SLM CORP........... COM 78442P106 335 25,000 SH DEFINED 01,02 SOLE
SUPERMEDIA
INC.............. COM 868447103 944 362,974 SH DEFINED 01,02 SOLE
US BANCORP
DEL.............. COM NEW 902973304 120,327 4,448,310 SH DEFINED 01,02 SOLE
USG Corp........... COM NEW 903293405 69,095 6,794,000 SH DEFINED 01,02 SOLE
WAL-MART
STORES INC....... COM 931142103 13,141 220,000 SH DEFINED 01,02 SOLE
WELLS FARGO &
CO. NEW.......... COM 949746101 124,338 4,511,530 SH DEFINED 01,02 SOLE