Fairfax stock positions

[TwoCitiesCapital]

On 6/27/2026 at 6:07 AM, Hoodlum said:

I normally don’t reference SeekingAlpha but I thought this was a great analysis of Altius Minerals.

 

https://seekingalpha.com/article/4917683-altius-minerals-the-royalty-factory-is-starting-to-look-like-a-compounder

 

+1 

 

Love to see it. This has been the thesis since I first found the company in 2012 when they had a single producing royalty, $200M in cash, and a hopeful Kami development.

 

The path didn't end up quite that simple and the progress was hidden for years behind share issuance/debt service for the Potash royalties and a weak commodity market in general until 2021. 

 

It still seems under followed and under appreciated - the share price took days to move following the sale of the gold royalty for an amount  that was a significant chunk of the market capitalization of the whole company. And it took weeks more to appreciate the reinvestment of those proceeds by taking out Lithium Royalty corp. Plenty of opportunity in this name to buy AFTER the news has been announced and I had added after both. 

 

All that being said, I reduced my position by ~10% last week. Altius has been the only name in my portfolio performing YTD and all other names are flat to down over a 6-12 month period so took some off the table near ATHs to buy other names.