Overview
- SEC filings show Fairfax bought 15.68 million Under Armour shares between Dec. 22 and Dec. 29 at a weighted average price near $4.53.
- Holdings now total 30.45 million Class A shares and 7.78 million Class C shares, according to the disclosures.
- An amended Schedule 13G reports beneficial ownership equal to 16.1% of the Class A float, up roughly 60% in Class A and more than double in Class C versus Dec. 22 levels.
- Shares extended a multi‑session rally, including an 8.59% gain to $4.93 on Tuesday, with trading framed as a response to a large value investor accumulating near 52‑week lows.
- Coverage highlights market interpretations that the buying tightens float and could set the stage for future engagement, set against recent mixed results and restructuring efforts.