Bruce Berkowitz Fairholme Capital Management
Bruce Berkowitz is the founder of Fairholme Capital Management and a concentrated value investor known for bold, high-conviction portfolios. He rose to prominence managing mutual fund assets with a willingness to take large positions in out-of-favor financials and special situations. Berkowitz’s approach prioritizes intrinsic value estimates and a short list of ideas rather than broad diversification.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American International
AIG
|
+$3.7B |
| 2 |
Bank of America
BAC
|
+$1.29B |
| 3 |
SHLD
Sears Holding Corporation
SHLD
|
+$1.02B |
| 4 |
Jefferies Financial Group
JEF
|
+$548M |
| 5 |
St. Joe Company
JOE
|
+$506M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 74.7% |
| 2 | Consumer Discretionary | 11.16% |
| 3 | Real Estate | 6.85% |
| 4 | Energy | 0.21% |
Similar funds
Bruce Berkowitz's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Bruce Berkowitz, which disclosed 19 positions worth $7.69B. Its ten largest holdings account for 99% of the portfolio.
Its largest position is American International: 86,148,865 shares worth $3.85B.
By sector, the portfolio is most concentrated in Financials at 75% of assets, followed by Consumer Discretionary and Real Estate.
- Bruce Berkowitz's largest Q2 2013 buy was American International: 86,148,865 shares worth $3.85B.
- Bruce Berkowitz's ten largest holdings make up 99% of its $7.69B portfolio in Q2 2013.
- Bruce Berkowitz disclosed 19 positions in Q2 2013, its first 13F filing on record.
Based on Fairholme Capital Management's 13F filing for Q2 2013, filed 14 Aug 2013.