UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Quarter Ended: March 31, 2010
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 May 14, 2010
-----------------------------
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: 44
Form 13F Information Table Value Total: $3,650,177
(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
MARCH 31, 2010
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
------------------------------ -------------- --------- -------- -------------------- ---------- -------- ----------------
VOTING AUTHORITY
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ----------------
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
-------------- -------------- --------- -------- ----------- --- ---- ---------- -------- ---- ------ ----
3COM CORPORATION COM 885535104 6,006 783,000 SH DEFINED 01,02 SOLE
BALDWIN & LYONS INC CL B 057755209 23,364 969,875 SH DEFINED 01,02 SOLE
BCE INC. COM NEW 05534B760 7,875 268,300 SH DEFINED 01,02 SOLE
BERKSHIRE HATHAWAY INC. CL A 084670108 731 6 SH DEFINED 01,02 SOLE
BERKSHIRE HATHAWAY INC. CL B 084670702 488 6,000 SH DEFINED 01,02 SOLE
BRISTOL-MYERS SQB COM 110122108 267 10,000 SH DEFINED 01,02 SOLE
BROWN & BROWN INC COM 115236101 215 12,000 SH DEFINED 01,02 SOLE
CFS BANCORP INC. COM 12525D102 44 10,000 SH DEFINED 01,02 SOLE
CITIGROUP INC 172967416 48,560 400,000 PRN DEFINED 01,02 SOLE
CRESUD S A C I F Y A SPONSORED ADR 226406106 28,903 2,082,341 SH DEFINED 01,02 SOLE
DELL INC COM 24702R101 346,992 23,117,389 SH DEFINED 01,02 SOLE
FIRST PLACE FINANCIAL/OHIO COM 33610T109 39 10,000 SH DEFINED 01,02 SOLE
FRONTIER COMMUNICATIONS CORP COM 35906A108 138,533 18,620,000 SH DEFINED 01,02 SOLE
GENERAL ELECTRIC CO COM 369604103 316,110 17,387,770 SH DEFINED 01,02 SOLE
GENERAL ELECTRIC CO COM 369604103 9,313 2,620,000 SH CALL DEFINED 01,02 SOLE
INTERNATIONAL ABSORBENTS INC COM 45885E203 202 43,555 SH DEFINED 01,02 SOLE
INTERNATIONAL COAL GRP INC NEW COM 45928H106 206,361 45,155,588 SH DEFINED 01,02 SOLE
JOHNSON & JOHNSON COM 478160104 448,856 6,884,300 SH DEFINED 01,02 SOLE
KRAFT FOODS INC CL A 50075N104 300,785 9,949,871 SH DEFINED 01,02 SOLE
LEUCADIA NATL CORP COM 527288104 693 27,950 SH DEFINED 01,02 SOLE
LEVEL 3 COMMUNICATIONS INC NOTE 7.000% 52729NBP4 89,625 75,000,000 PRN DEFINED 01,02 SOLE
LEVEL 3 COMMUNICATIONS INC NOTE 15.000% 52729NBM1 131,707 100,062,000 PRN DEFINED 01,02 SOLE
LEVEL 3 COMMUNICATIONS INC COM 52729N100 224,235 139,276,421 SH DEFINED 01,02 SOLE
MAGNA INTL INC CL A 559222401 309 5,000 SH DEFINED 01,02 SOLE
MERCK & CO. INC. COM 58933Y105 299 8,000 SH DEFINED 01,02 SOLE
MOHAWK INDS INC COM 608190104 315 5,800 SH DEFINED 01,02 SOLE
NAM TAI ELECTRS INC COM PAR $0.02 629865205 125 25,000 SH DEFINED 01,02 SOLE
NEW YORK COMMUNITY BANCORP INC COM 649445103 413 25,000 SH DEFINED 01,02 SOLE
NEWMARKET CORP COM 651587107 412 4,000 SH DEFINED 01,02 SOLE
OLD REPUBLIC INTL CORPORATION COM 680223104 253 20,000 SH DEFINED 01,02 SOLE
OVERSTOCK.COM INC COM 690370101 55,068 3,388,774 SH DEFINED 01,02 SOLE
OVERSTOCK.COM INC NOTE 3.750% 690370AB7 33,554 36,873,000 PRN DEFINED 01,02 SOLE
PFIZER INC COM 717081103 4,138 241,300 SH DEFINED 01,02 SOLE
RYANAIR HLDGS PLC SPONSORED ADR 783513104 5,274 194,100 SH DEFINED 01,02 SOLE
SANDRIDGE ENERGY INC COM 80007P307 50,190 6,526,600 SH DEFINED 01,02 SOLE
STEWART ENTERPRISES INC CL A 860370105 25,516 4,082,546 SH DEFINED 01,02 SOLE
SUPERMEDIA INC COM 868447103 14,762 362,974 SH DEFINED 01,02 SOLE
US BANCORP DEL COM NEW 902973304 292,168 11,306,800 SH DEFINED 01,02 SOLE
USG Corp COM NEW 903293405 125,246 7,311,500 SH DEFINED 01,02 SOLE
USG Corp NOTE 10.000% 903293AT5 142,750 100,000,000 PRN DEFINED 01,02 SOLE
WAL-MART STORES INC COM 931142103 12,232 220,000 SH DEFINED 01,02 SOLE
WELLS FARGO & CO. NEW COM 949746101 437,423 14,074,100 SH DEFINED 01,02 SOLE
WESCO FINANCIAL CORP COM 950817106 424 1,100 SH DEFINED 01,02 SOLE
ZENITH NATL INS CORP COM 989390109 119,405 3,118,441 SH DEFINED 01,02 SOLE