Fairholme Capital

Q1 2024 13F · by Bruce Berkowitz, CIO

As of: Mar 31, 2024
Filed: May 15, 2024
US stock: $1.5B · prev $1.6B
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%

Moves4 since the prior filing

+2.5 pp in · −2.7 pp out

New 0 0.00 pp
Added 2 +2.51 pp
Trimmed 2 −2.68 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 1 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 5.0% a year, about 19.8 years per position

Low
Moderate
High

Top 5 positions100% of US stock

JOE St. Joe Company trimmed−1.23 pp trimmed−1.2386.3%
EPD Enterprise Products Partners L.P. added+1.69 pp added+1.6910.5%
BRK.B BERKSHIRE HATHAWAY Class B trimmed−1.45 pp trimmed−1.451.4%
OZK Bank OZK added+0.82 pp added+0.821.0%
WRB W.R. Berkley Corporation held held0.7%

Positions7 in this filing · 0 exited


JOESt. Joe Company	86.35%	22,513,148	$1.3B	trimmed−1%	−1.23 pp	44 q
EPDEnterprise Products Partners L.P.	10.50%	5,436,600	$159M	added+4%	+1.69 pp	12 q
BRK.BBERKSHIRE HATHAWAY Class B	1.36%	48,958	$21M	trimmed−60%	−1.45 pp	21 q
OZKBank OZK	0.98%	324,500	$15M	added×6.3	+0.82 pp	3 q
WRBW.R. Berkley Corporation	0.74%	126,600	$11M	held	—	4 q
BRK.ABerkshire Hathaway Inc.	0.04%	1	$634,440	held	—	16 q
AAPLApple Inc.	0.03%	2,400	$411,552	held	—	15 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0000919574-24-003201
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet