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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
+4.87%
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
$467M
AUM Growth
-$5.94M
Cap. Flow
-$28.6M
Cap. Flow %
-6.13%
Top 10 Hldgs %
100%
Holding
3
New
–
Increased
–
Reduced
3
Closed
–

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$23.5M
2
VSTO
Vista Outdoor Inc.
VSTO
+$4.74M
3
JOE icon
St. Joe Company
JOE
+$416K

Sector Composition

Rank Sector Weight
1 Real Estate 98.01%
2 Industrials 1.15%
3 Financials 0.84%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JOE icon
1
St. Joe Company
JOE
$3.92B
$458M 98.01%
26,507,388
-24,810
-0.1% -$416K
VSTO
2
DELISTED
Vista Outdoor Inc.
VSTO
$5.38M 1.15%
606,300
-552,700
-48% -$4.74M
BRK.B icon
3
Berkshire Hathaway Class B
BRK.B
$1.06T
$3.91M 0.84%
18,345
-113,480
-86% -$23.5M

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Bruce Berkowitz's Q2 2019 Portfolio in Review

As of Q2 2019, Bruce Berkowitz held 3 positions worth $467M, down 1.3% from $473M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Bruce Berkowitz withdrew a net $28.6M in Q2 2019, reducing 3 holdings. Its largest reduction was Berkshire Hathaway Class B, cutting an estimated $23.5M.

By sector, the portfolio is most concentrated in Real Estate at 98% of assets, up from 92% a quarter earlier, followed by Industrials and Financials.

  • Bruce Berkowitz's biggest Q2 2019 reduction was Berkshire Hathaway Class B, cutting an estimated $23.5M.
  • Bruce Berkowitz's ten largest holdings make up 100% of its $467M portfolio in Q2 2019.
  • Bruce Berkowitz opened 0 new positions and closed 0 in Q2 2019.
  • Bruce Berkowitz's portfolio value fell 1.3% quarter-over-quarter to $467M.

Based on Fairholme Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.