Fairholme Capital

Q1 2020 13F · by Bruce Berkowitz, CIO

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

+0.2 pp in · −0.2 pp out

Very concentrated · behaves like 1 equal-sized positions

Low turnover · 1.1% a year, more than 30 years per position


JOESt. Joe Company	87.23%	26,514,269	$445M	added+1%	−11.70 pp	28 q
BRK.BBERKSHIRE HATHAWAY Class B	8.74%	243,820	$45M	added×15.0	+8.04 pp	5 q
KHCThe Kraft Heinz Company	2.16%	444,500	$11M	new	+2.16 pp	new
OXYOccidental Petroleum Corporation	0.98%	429,490	$5M	new	+0.98 pp	new
SPGSimon Property Group, Inc.	0.53%	49,000	$3M	new	+0.53 pp	new
VSTOVista Outdoor Inc.	0.18%	105,510	$928,000	trimmed−59%	−0.19 pp	9 q
WESWestern Midstream Partners, LP	0.18%	290,000	$940,000	new	+0.18 pp	new