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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
+22.64%
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
$473M
AUM Growth
+$107M
Cap. Flow
+$22.9M
Cap. Flow %
4.85%
Top 10 Hldgs %
100%
Holding
4
New
1
Increased
–
Reduced
2
Closed
1

Top Buys

Rank Stock Value
1
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$26.6M

Top Sells

Rank Stock Value
1
VSTO
Vista Outdoor Inc.
VSTO
+$3.09M
2
JEF icon
Jefferies Financial Group
JEF
+$339K
3
JOE icon
St. Joe Company
JOE
+$242K

Sector Composition

Rank Sector Weight
1 Real Estate 92.44%
2 Financials 5.6%
3 Industrials 1.96%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JOE icon
1
St. Joe Company
JOE
$3.92B
$438M 92.44%
26,532,198
-15,700
-0.1% -$242K
BRK.B icon
2
Berkshire Hathaway Class B
BRK.B
$1.06T
$26.5M 5.6%
+131,825
New +$26.6M
VSTO
3
DELISTED
Vista Outdoor Inc.
VSTO
$9.28M 1.96%
1,159,000
-316,400
-21% -$3.09M
JEF icon
4
Jefferies Financial Group
JEF
$12.1B
– –
-21,784
Closed -$339K

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Bruce Berkowitz's Q1 2019 Portfolio in Review

As of Q1 2019, Bruce Berkowitz held 4 positions worth $473M, up 29% from $367M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Bruce Berkowitz deployed $22.9M of net new capital in Q1 2019, opening 1 new position. Its largest new stake was Berkshire Hathaway Class B: 131,825 shares worth $26.5M.

By sector, the portfolio is most concentrated in Real Estate at 92% of assets, down from 95% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was Vista Outdoor Inc., an estimated $3.09M trimmed.

  • Bruce Berkowitz's largest Q1 2019 buy was Berkshire Hathaway Class B: 131,825 shares worth $26.5M.
  • Bruce Berkowitz's biggest Q1 2019 reduction was Vista Outdoor Inc., cutting an estimated $3.09M.
  • Bruce Berkowitz fully exited Jefferies Financial Group in Q1 2019, selling an estimated $339K.
  • Bruce Berkowitz's ten largest holdings make up 100% of its $473M portfolio in Q1 2019.
  • Bruce Berkowitz opened 1 new position and closed 1 in Q1 2019.
  • Bruce Berkowitz's portfolio value rose 29% quarter-over-quarter to $473M.

Based on Fairholme Capital Management's 13F filing for Q1 2019, filed 15 May 2019.