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BB

Bruce Berkowitz Fairholme Capital Management

AUM $1.49B
1-Year Est. Return 28.35%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+1.66%
1 Year Est. Return
+28.35%
3 Year Est. Return
+36.16%
5 Year Est. Return
+56.7%
10 Year Est. Return
+189.85%
AUM
$701M
AUM Growth
-$25.4M
Cap. Flow
-$16.2M
Cap. Flow %
-2.31%
Top 10 Hldgs %
100%
Holding
10
New
5
Increased
–
Reduced
4
Closed
–

Top Buys

Rank Stock Value
1
VSTO
Vista Outdoor Inc.
VSTO
+$45.3M
2
VST icon
Vistra
VST
+$20.1M
3
OAK
OAKTREE CAPITAL GROUP, LLC
OAK
+$3.6M
4
T icon
AT&T
T
+$2.95M
5
CLPR
Clipper Realty
CLPR
+$2.53M

Top Sells

Rank Stock Value
1
SRG
Seritage Growth Properties
SRG
+$65M
2
SHLD
Sears Holding Corporation
SHLD
+$17.8M
3
JOE icon
St. Joe Company
JOE
+$7.7M
4
SHLDW
Sears Holdings Corporation - Warrant
SHLDW
+$86.6K

Sector Composition

Rank Sector Weight
1 Real Estate 82.37%
2 Consumer Discretionary 6.67%
3 Industrials 6.5%
4 Utilities 3.09%
5 Financials 0.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JOE icon
1
St. Joe Company
JOE
$3.92B
$518M 73.94%
27,481,780
-415,719
-1% -$7.7M
SRG
2
Seritage Growth Properties
SRG
$120M
$56.7M 8.09%
1,595,000
-1,678,398
-51% -$65M
SHLD
3
DELISTED
Sears Holding Corporation
SHLD
$46.7M 6.67%
17,499,797
-6,584,504
-27% -$17.8M
VSTO
4
DELISTED
Vista Outdoor Inc.
VSTO
$45.5M 6.5%
+2,789,700
New +$45.3M
VST icon
5
Vistra
VST
$45.7B
$21.6M 3.09%
+1,039,000
New +$20.1M
OAK
6
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
$3.33M 0.47%
+84,000
New +$3.6M
T icon
7
AT&T
T
$173B
$2.85M 0.41%
+105,920
New +$2.95M
CLPR
8
Clipper Realty
CLPR
$53M
$2.37M 0.34%
+280,000
New +$2.53M
SHLDW
9
DELISTED
Sears Holdings Corporation - Warrant
SHLDW
$1.95M 0.28%
5,578,747
-252,221
-4% -$86.6K
JEF icon
10
Jefferies Financial Group
JEF
$12.1B
$1.5M 0.21%
73,730
– –

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Bruce Berkowitz's Q1 2018 Portfolio in Review

As of Q1 2018, Bruce Berkowitz held 10 positions worth $701M, down 3.5% from $726M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Bruce Berkowitz's Q1 2018 filing shows 5 new and 4 reduced positions. Its largest new stake was Vista Outdoor Inc.: 2,789,700 shares worth $45.5M. The largest sale was Seritage Growth Properties, an estimated $65M.

By sector, the portfolio is most concentrated in Real Estate at 82% of assets, down from 88% a quarter earlier, followed by Consumer Discretionary and Industrials.

  • Bruce Berkowitz's largest Q1 2018 buy was Vista Outdoor Inc.: 2,789,700 shares worth $45.5M.
  • Bruce Berkowitz's biggest Q1 2018 reduction was Seritage Growth Properties, cutting an estimated $65M.
  • Bruce Berkowitz's ten largest holdings make up 100% of its $701M portfolio in Q1 2018.
  • Bruce Berkowitz opened 5 new positions and closed 0 in Q1 2018.
  • Bruce Berkowitz's portfolio value fell 3.5% quarter-over-quarter to $701M.

Based on Fairholme Capital Management's 13F filing for Q1 2018, filed 15 May 2018.