Bruce Berkowitz

Bruce Berkowitz | FAIRX

Mutual Fund
Fairholme Capital Management
Last update 2024-11-14 7 Stocks (0 new)
Value $1.46 Bil Turnover 1 %
Countries:
Top Holdings: JOE(84.52%)EPD(10.87%)OZK(1.92%)BRK.B(1.58%)WRB(1.02%)
Portfolio Report

Bruce Berkowitz Profile

Bruce Berkowitz is the founder and the Managing Member of the Fairholme Fund. Prior to forming Fairholme Capital Management, Mr. Berkowitz was a Managing Director of Smith Barney, Inc. from December of 1993 to October of 1997.

Bruce Berkowitz Investing Philosophy

Bruce Berkowitz concentrates his investments in a relatively small number of companies. He thinks that the more diversified the portfolio, the more likely the performance will be average. He likes companies with great managers, and deeply undervalued stocks. Benjamin Graham's "The Intelligent Investor" serves as the inspiration for Berkowitz' investment strategy. He focuses investments on companies that have exceptional management, that generate free cash, and that are cheaply priced. Berkowitz will also invest in mediocre companies that are trading at a significant discount to intrinsic value where there exists a catalyst event that makes it likely the gap between market price and intrinsic value will narrow in a reasonable amount of time.
Summary Stock Picks Current Portfolio

Bruce Berkowitz Portfolio and Latest Trades

Type:
Ticker
Company
Date
Action
Impact %
Price Range
Price
Price Change from Avrg%
Comment
Current Shares
Share Change
CMC 		Commercial Metals Co2023-06-30Reduce
-4.63%
â—Ź
42.75 ($46.69) 52.66
$58.54
25.38%
Reduce -89.88%
128,800
-1,144,100
JOE 		The St. Joe Co2023-09-30Reduce
-3.93%
â—Ź
48.45 ($57.76) 64.56
$47.00
-18.63%
Reduce -4.49%
22,711,748
-1,068,700
CMC 		Commercial Metals Co2023-03-31Reduce
-3.86%
â—Ź
43.24 ($51.8) 57.11
$58.54
13.01%
Reduce -42.87%
1,272,900
-955,300
JOE 		The St. Joe Co2024-06-30Reduce
-3.81%
â—Ź
52.56 ($56.3) 59.1
$47.00
-16.52%
Reduce -4.41%
21,520,167
-992,981
BRK.B 		Berkshire Hathaway Inc2024-03-31Reduce
-1.69%
â—Ź
359.29 ($393.34) 420.52
$460.10
16.97%
Reduce -60.18%
48,958
-74,000
BRK.B 		Berkshire Hathaway Inc2023-12-31Add
+1.64%
â—Ź
331.71 ($350.99) 362.68
$460.10
31.09%
Add 139.81%
122,958
71,685
JOE 		The St. Joe Co2024-09-30Reduce
-1.47%
â—Ź
52.59 ($58.61) 63.7
$47.00
-19.81%
Reduce -1.74%
21,146,067
-374,100
EPD 		Enterprise Products Partners LP2023-09-30Add
+1.27%
â—Ź
26.25 ($26.75) 27.42
$32.38
21.05%
Add 14.75%
5,064,200
651,000
JOE 		The St. Joe Co2023-06-30Reduce
-1.24%
â—Ź
40.18 ($43.54) 48.39
$47.00
7.95%
Reduce -1.5%
23,780,448
-361,000
BRK.B 		Berkshire Hathaway Inc2022-12-31Reduce
-0.92%
â—Ź
264 ($296.98) 318.6
$460.10
54.93%
Reduce -36.47%
61,955
-35,570
OZK 		Bank OZK2024-03-31Add
+0.83%
â—Ź
41.6 ($44.77) 49.75
$47.33
5.72%
Add 533.79%
324,500
273,300
INTC 		Intel Corp2022-12-31Reduce
-0.77%
â—Ź
25.04 ($27.77) 30.71
$20.43
-26.42%
Reduce -52.62%
277,300
-308,000
OZK 		Bank OZK2024-06-30Add
+0.66%
â—Ź
37.85 ($43.51) 49.21
$47.33
8.78%
Add 69.04%
548,550
224,050
ORI 		Old Republic International Corp2023-03-31Sold Out
-0.64%
â—Ź
23.43 ($25.17) 26.7
$36.35
44.42%
Sold Out
0
-316,100
JOE 		The St. Joe Co2024-03-31Reduce
-0.64%
â—Ź
51.82 ($55.21) 58.83
$47.00
-14.87%
Reduce -0.73%
22,513,148
-166,000
WRB 		WR Berkley Corp2023-06-30New Buy
+0.59%
â—Ź
37.12 ($39.36) 42.24
$61.00
54.98%
New holding
196,800
131,200
KMI 		Kinder Morgan Inc2022-12-31Sold Out
-0.57%
â—Ź
17.05 ($17.99) 19.15
$27.04
50.28%
Sold Out
0
-355,200
JOE 		The St. Joe Co2022-12-31Reduce
-0.56%
â—Ź
32.06 ($35.8) 39.17
$47.00
31.28%
Reduce -0.74%
24,288,448
-181,342
CMC 		Commercial Metals Co2023-09-30Sold Out
-0.52%
â—Ź
49.27 ($54.37) 57.86
$58.54
7.67%
Sold Out
0
-128,800
CMC 		Commercial Metals Co2022-12-31Reduce
-0.52%
â—Ź
37.57 ($45.85) 49.81
$58.54
27.68%
Reduce -6.29%
2,228,200
-149,600
EPD 		Enterprise Products Partners LP2022-12-31Add
+0.52%
â—Ź
23.39 ($24.62) 25.5
$32.38
31.52%
Add 6.7%
4,142,800
260,000
JOE 		The St. Joe Co2023-03-31Reduce
-0.48%
â—Ź
38.84 ($42.82) 47.67
$47.00
9.76%
Reduce -0.61%
24,141,448
-147,000
EPD 		Enterprise Products Partners LP2023-06-30Add
+0.46%
â—Ź
25.27 ($26.13) 27.01
$32.38
23.92%
Add 5.51%
4,413,200
230,400
EPD 		Enterprise Products Partners LP2024-03-31Add
+0.44%
â—Ź
26.23 ($27.46) 29.18
$32.38
17.92%
Add 4.38%
5,436,600
228,200
INTC 		Intel Corp2023-03-31Reduce
-0.40%
â—Ź
24.9 ($28.33) 32.67
$20.43
-27.88%
Reduce -65.92%
94,500
-182,800
OZK 		Bank OZK2023-09-30New Buy
+0.39%
â—Ź
36.3 ($40.51) 44.67
$47.33
16.84%
New holding
147,500
147,500
BRK.B 		Berkshire Hathaway Inc2023-09-30Reduce
-0.38%
â—Ź
340.9 ($354.77) 370.48
$460.10
29.69%
Reduce -22.22%
51,273
-14,647
C 		Citigroup Inc2023-03-31Reduce
-0.34%
â—Ź
43.11 ($49.07) 52.35
$71.75
46.22%
Reduce -52.15%
82,500
-89,900
C 		Citigroup Inc2023-06-30Sold Out
-0.32%
â—Ź
44.23 ($46.84) 50.4
$71.75
53.18%
Sold Out
0
-82,500
OZK 		Bank OZK2024-09-30Add
+0.31%
â—Ź
39.66 ($42.58) 47.08
$47.33
11.16%
Add 19.06%
653,102
104,552
WRB 		WR Berkley Corp2024-09-30Add
+0.29%
â—Ź
51.54 ($56.15) 60.58
$61.00
8.64%
Add 39.55%
261,450
74,100
INTC 		Intel Corp2023-06-30Sold Out
-0.26%
â—Ź
27.4 ($31.41) 36.37
$20.43
-34.95%
Sold Out
0
-94,500
ET 		Energy Transfer LP2023-09-30Sold Out
-0.26%
â—Ź
12.56 ($13.26) 14.03
$19.32
45.74%
Sold Out
0
-268,700
OZK 		Bank OZK2023-12-31Reduce
-0.25%
â—Ź
35.16 ($41.21) 51.61
$47.33
14.85%
Reduce -65.29%
51,200
-96,300
EPD 		Enterprise Products Partners LP2023-12-31Add
+0.24%
â—Ź
25.89 ($26.64) 27.68
$32.38
21.55%
Add 2.85%
5,208,400
144,200
WBA 		Walgreens Boots Alliance Inc2023-06-30Sold Out
-0.21%
â—Ź
28.37 ($32.61) 36.31
$9.86
-69.76%
Sold Out
0
-74,000
CMA 		Comerica Inc2023-09-30Sold Out
-0.20%
â—Ź
39.95 ($47.42) 53.96
$66.34
39.90%
Sold Out
0
-61,700
CMA 		Comerica Inc2023-06-30New Buy
+0.20%
â—Ź
31.21 ($40.46) 47.09
$66.34
63.96%
New holding
61,700
61,700
KEY 		KeyCorp2023-09-30Sold Out
-0.18%
â—Ź
9.43 ($11.07) 12.57
$18.05
63.10%
Sold Out
0
-257,900
USB 		U.S. Bancorp2023-06-30New Buy
+0.18%
â—Ź
28.68 ($32.38) 36.05
$51.39
58.71%
New holding
73,600
73,600
KEY 		KeyCorp2023-06-30New Buy
+0.18%
â—Ź
8.93 ($10.47) 12.52
$18.05
72.45%
New holding
257,900
257,900
USB 		U.S. Bancorp2023-09-30Sold Out
-0.18%
â—Ź
32.47 ($36.43) 40.23
$51.39
41.07%
Sold Out
0
-73,600
BRK.B 		Berkshire Hathaway Inc2023-06-30Add
+0.16%
â—Ź
308.77 ($326.09) 341
$460.10
41.10%
Add 10.67%
65,920
6,355
HOMB 		Home BancShares Inc2023-12-31Sold Out
-0.15%
â—Ź
19.96 ($22.29) 25.69
$30.49
36.79%
Sold Out
0
-103,400
HOMB 		Home BancShares Inc2023-09-30New Buy
+0.15%
â—Ź
20.62 ($22.76) 24.98
$30.49
33.96%
New holding
103,400
103,400
MMP Magellan Midstream Partners LP2023-03-31New Buy
+0.13%
â—Ź
50.18 ($52.99) 54.7
$69.00
30.21%
New holding
28,600
28,600
MMP Magellan Midstream Partners LP2023-06-30Sold Out
-0.13%
â—Ź
53.83 ($58.31) 62.67
$69.00
18.33%
Sold Out
0
-28,600
JOE 		The St. Joe Co2023-12-31Reduce
-0.13%
â—Ź
46.17 ($52.62) 60.98
$47.00
-10.68%
Reduce -0.14%
22,679,148
-32,600
EPD 		Enterprise Products Partners LP2023-03-31Add
+0.09%
â—Ź
24.23 ($25.69) 26.78
$32.38
26.04%
Add 0.97%
4,182,800
40,000
BRK.B 		Berkshire Hathaway Inc2023-03-31Reduce
-0.06%
â—Ź
293.51 ($308.18) 320.37
$460.10
49.30%
Reduce -3.86%
59,565
-2,390
BABA 		Alibaba Group Holding Ltd2023-03-31Sold Out
-0.06%
â—Ź
81 ($100.17) 120.57
$89.44
-10.71%
Sold Out
0
-7,610
BABA 		Alibaba Group Holding Ltd2022-12-31Reduce
-0.06%
â—Ź
63.15 ($78.85) 94.17
$89.44
13.44%
Reduce -50.9%
7,610
-7,890
BRK.B 		Berkshire Hathaway Inc2024-06-30Add
+0.03%
â—Ź
396.73 ($408.62) 420.24
$460.10
12.60%
Add 2.03%
49,952
994
AAPL 		Apple Inc2023-09-30Reduce
-0.03%
â—Ź
170.43 ($183.38) 196.45
$248.31
35.41%
Reduce -43.66%
2,400
-1,860
EPD 		Enterprise Products Partners LP2024-09-30Add
+0.02%
â—Ź
27.88 ($29.21) 30
$32.38
10.85%
Add 0.15%
5,446,400
8,100
WRB 		WR Berkley Corp2023-12-31Reduce
-0.01%
â—Ź
41.63 ($45.63) 49.1
$61.00
33.68%
Reduce -1.25%
189,900
-1,600
C 		Citigroup Inc2022-12-31Reduce
-0.01%
â—Ź
40.45 ($45.43) 50.19
$71.75
57.94%
Reduce -0.98%
172,400
-1,700
WRB 		WR Berkley Corp2024-06-30Reduce
-0.01%
â—Ź
51.1 ($53.56) 58.33
$61.00
13.89%
Reduce -1.34%
187,350
-1,700
WRB 		WR Berkley Corp2023-09-30Reduce
-0.01%
â—Ź
39.29 ($41.4) 43.77
$61.00
47.34%
Reduce -2.29%
192,300
-3,000
EPD 		Enterprise Products Partners LP2024-06-30Add
0%
â—Ź
27.74 ($28.67) 29.88
$32.38
12.94%
Add 0.03%
5,438,300
1,700
BRK.B 		Berkshire Hathaway Inc2024-09-30Add
0%
â—Ź
405.19 ($442.18) 478.57
$460.10
4.05%
Add 0.24%
50,072
120
100/Page
Total 61
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