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 |
Enterprise Products Partners
EPD
|
+$6.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$10.6M |
| 2 |
Intel
INTC
|
+$8.55M |
| 3 |
Commercial Metals
CMC
|
+$6.86M |
| 4 |
St. Joe Company
JOE
|
+$6.49M |
| 5 |
Kinder Morgan
KMI
|
+$5.91M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 78.5% |
| 2 | Industrials | 9% |
| 3 | Energy | 8.62% |
| 4 | Financials | 2.93% |
| 5 | Technology | 0.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
St. Joe Company
JOE
$3.92B
| $939M | 78.5% |
24,288,448
-181,342
| -0.7% | -$6.49M |
|
|
2
Commercial Metals
CMC
$7.34B
| $108M | 9% |
2,228,200
-149,600
| -6% | -$6.86M |
|
|
3
Enterprise Products Partners
EPD
$82.1B
| $99.9M | 8.36% |
4,142,800
+260,000
| +7% | +$6.4M |
|
|
4
Berkshire Hathaway Class B
BRK.B
$1.06T
| $19.1M | 1.6% |
61,955
-35,570
| -36% | -$10.6M |
|
5
Citigroup
C
$221B
| $7.8M | 0.65% |
172,400
-1,700
| -1% | -$77.2K |
|
6
Old Republic International
ORI
$10B
| $7.63M | 0.64% |
316,100
| – | – |
|
|
7
Intel
INTC
$476B
| $7.33M | 0.61% |
277,300
-308,000
| -53% | -$8.55M |
|
8
Energy Transfer Partners
ET
$73B
| $3.19M | 0.27% |
268,700
| – | – |
|
|
WBA
9
DELISTED
Walgreens Boots Alliance
WBA
| $2.76M | 0.23% |
74,000
| – | – |
|
10
Alibaba
BABA
$286B
| $670K | 0.06% |
7,610
-7,890
| -51% | -$622K |
|
11
Apple
AAPL
$4.51T
| $554K | 0.05% |
4,260
| – | – |
|
|
12
Berkshire Hathaway Class A
BRK.A
$1.06T
| $469K | 0.04% |
1
| – | – |
|
|
13
Kinder Morgan
KMI
$69B
| – | – |
-355,200
| Closed | -$5.91M |
|
Similar funds
Bruce Berkowitz's Q4 2022 Portfolio in Review
As of Q4 2022, Bruce Berkowitz held 13 positions worth $1.2B, up 16% from $1.03B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Bruce Berkowitz's Q4 2022 filing shows 1 increased, 6 reduced and 1 closed positions. The largest sale was Berkshire Hathaway Class B, an estimated $10.6M.
By sector, the portfolio is most concentrated in Real Estate at 79% of assets, up from 76% a quarter earlier, followed by Industrials and Energy.
- Bruce Berkowitz added most to Enterprise Products Partners in Q4 2022, an estimated $6.4M increase.
- Bruce Berkowitz's biggest Q4 2022 reduction was Berkshire Hathaway Class B, cutting an estimated $10.6M.
- Bruce Berkowitz fully exited Kinder Morgan in Q4 2022, selling an estimated $5.91M.
- Bruce Berkowitz's ten largest holdings make up 100% of its $1.2B portfolio in Q4 2022.
- Bruce Berkowitz opened 0 new positions and closed 1 in Q4 2022.
- Bruce Berkowitz's portfolio value rose 16% quarter-over-quarter to $1.2B.
Based on Fairholme Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.