Fairholme Capital

Q2 2020 13F · by Bruce Berkowitz, CIO

As of: Jun 30, 2020
Filed: Aug 14, 2020
US stock: $598M · prev $510M
Positions: 7 · prev 7
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

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

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves7 since the prior filing

+1.0 pp in · −1.3 pp out

New 1 +0.04 pp
Added 1 +0.95 pp
Trimmed 4 −1.13 pp
Exited 1 −0.18 pp

The book

Very concentrated · behaves like 1 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 3.1% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions100% of US stock

JOE St. Joe Company trimmed−1.14 pp trimmed−1.1486.1%
BRK.B BERKSHIRE HATHAWAY Class B added+0.95 pp added+0.959.7%
KHC The Kraft Heinz Company trimmed+0.19 pp trimmed+0.192.4%
OXY Occidental Petroleum Corporation trimmed+0.02 pp trimmed+0.021.0%
WES Western Midstream Partners, LP held held0.5%

Positions7 in this filing · 1 exited


JOESt. Joe Company	86.09%	26,491,533	$514M	trimmed−0%	−1.14 pp	29 q
BRK.BBERKSHIRE HATHAWAY Class B	9.69%	324,310	$58M	added+33%	+0.95 pp	6 q
KHCThe Kraft Heinz Company	2.35%	440,800	$14M	trimmed−1%	+0.19 pp	2 q
OXYOccidental Petroleum Corporation	1.00%	328,110	$6M	trimmed−24%	+0.02 pp	2 q
WESWestern Midstream Partners, LP	0.49%	290,000	$3M	held	—	2 q
SPGSimon Property Group, Inc.	0.33%	29,000	$2M	trimmed−41%	−0.20 pp	2 q
BRK.ABerkshire Hathaway Inc.	0.04%	1	$267,000	new	+0.04 pp	new
VSTOVista Outdoor Inc.	—	−105,510	—	exited	−0.18 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0000919574-20-005413
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet