Fairholme Capital Management
Bruce BerkowitzSouth Miami, FLfiles as FAIRHOLME CAPITAL MANAGEMENT LLC
$1.5bn in 13 US stocks at the end of 30 June 2026. The top 10 are 99.8% of the money. It changed about 3.4% of the portfolio this quarter.
Value
$1.5bn
Stocks
13
Top 10 share
99.8%
Turnover
3.4%
What changed this quarter
New
Bought for the first time this quarter.
- PfizerPFE0.4% of the fund
- Campbell'sCPB0.2% of the fund
- United Parcel ServiceUPS0.2% of the fund
Added
Bought more of a stock they already held.
- Berkshire HathawayBRK-B3.0% of the fund+74%
- ProgressivePGR1.1% of the fund+9%
- Berkshire Hathaway INC DELBRK-A0.6% of the fund+450%
- Kraft HeinzKHC0.3% of the fund+92%
Cut
Sold some of their stake.
- ST JOEJOE76.4% of the fund-5%
Sold out
Sold their entire stake.
None this quarter.
Holdings
- Bank OZKOZK
- Share
- 3.2%
- Value
- $48m
- Shares
- 921,252
Held
- Berkshire Hathaway INC DELBRK-A
- Share
- 0.6%
- Value
- $8m
- Shares
- 11
+450%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| ST JOEJOE | 76.4% | $1.1bn | 18,182,367 | -5% |
| Enterprise Products Partners L.P.EPD | 13.5% | $201m | 5,455,800 | Held |
| Bank OZKOZK | 3.2% | $48m | 921,252 | Held |
| Berkshire HathawayBRK-B | 3.0% | $44m | 87,852 | +74% |
| Berkley W RWRB | 1.2% | $18m | 256,350 | Held |
| ProgressivePGR | 1.1% | $16m | 72,200 | +9% |
| Berkshire Hathaway INC DELBRK-A | 0.6% | $8m | 11 | +450% |
| PfizerPFE | 0.4% | $6m | 231,000 | New |
| Kraft HeinzKHC | 0.3% | $5m | 202,300 | +92% |
| Campbell'sCPB | 0.2% | $3m | 116,500 | New |
| United Parcel ServiceUPS | 0.2% | $3m | 23,800 | New |
| AppleAAPL | <0.1% | $694,464 | 2,400 | Held |
| Home BancsharesHOMB | <0.1% | $345,455 | 12,100 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 21.4% since 30 June 2025.
Where the money is
Real estate76.4%
Utilities13.5%
Financial services8.5%
Everyday goods0.5%
Health care0.4%
Industrials0.2%
Technology0.0%
Other0.6%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.