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 |
The Kraft Heinz Company
KHC
|
+$18.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
St. Joe Company
JOE
|
+$2.97M |
| 2 |
Vista Outdoor Inc.
VSTO
|
+$1.55M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$382K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 94.99% |
| 2 | Consumer Staples | 3.81% |
| 3 | Financials | 0.72% |
| 4 | Industrials | 0.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
St. Joe Company
JOE
$3.96B
| $451M | 94.99% |
26,340,233
-167,155
| -0.6% | -$2.97M |
2013 Q2
25 quarters
|
|
|
2
The Kraft Heinz Company
KHC
$29.1B
| $18.1M | 3.81% |
+647,300
| New | +$18.6M |
2019 Q3
0 quarters
|
|
|
3
Berkshire Hathaway Class B
BRK.B
$1.22T
| $3.43M | 0.72% |
16,490
-1,855
| -10% | -$382K |
2019 Q1
2 quarters
|
|
|
4
DELISTED
Vista Outdoor Inc.
VSTO
| $2.29M | 0.48% |
370,500
-235,800
| -39% | -$1.55M |
2018 Q1
6 quarters
|
|
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Bruce Berkowitz's Q3 2019 Portfolio in Review
As of Q3 2019, Bruce Berkowitz held 4 positions worth $475M, up 1.6% from $467M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Bruce Berkowitz's Q3 2019 filing shows 1 new and 3 reduced positions. Its largest new stake was The Kraft Heinz Company: 647,300 shares worth $18.1M. The largest sale was St. Joe Company, an estimated $2.97M.
By sector, the portfolio is most concentrated in Real Estate at 95% of assets, down from 98% a quarter earlier, followed by Consumer Staples and Financials.
- Bruce Berkowitz's largest Q3 2019 buy was The Kraft Heinz Company: 647,300 shares worth $18.1M.
- Bruce Berkowitz's biggest Q3 2019 reduction was St. Joe Company, cutting an estimated $2.97M.
- Bruce Berkowitz's ten largest holdings make up 100% of its $475M portfolio in Q3 2019.
- Bruce Berkowitz opened 1 new position and closed 0 in Q3 2019.
- Bruce Berkowitz's portfolio value rose 1.6% quarter-over-quarter to $475M.
Based on Fairholme Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.