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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
+9.28%
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
$1.56B
AUM Growth
+$151M
Cap. Flow
+$21M
Cap. Flow %
1.35%
Top 10 Hldgs %
100%
Holding
8
New
–
Increased
2
Reduced
3
Closed
1

Top Buys

Rank Stock Value
1
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$25.2M
2
EPD icon
Enterprise Products Partners
EPD
+$3.84M

Top Sells

Rank Stock Value
1
OZK icon
Bank OZK
OZK
+$3.97M
2
HOMB icon
Home BancShares
HOMB
+$2.17M
3
JOE icon
St. Joe Company
JOE
+$1.72M
4
WRB icon
W.R. Berkley
WRB
+$109K

Sector Composition

Rank Sector Weight
1 Real Estate 87.58%
2 Energy 8.81%
3 Financials 3.59%
4 Technology 0.03%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JOE icon
1
St. Joe Company
JOE
$3.92B
$1.36B 87.58%
22,679,148
-32,600
-0.1% -$1.72M
EPD icon
2
Enterprise Products Partners
EPD
$82.1B
$137M 8.81%
5,208,400
+144,200
+3% +$3.84M
BRK.B icon
3
Berkshire Hathaway Class B
BRK.B
$1.06T
$43.9M 2.81%
122,958
+71,685
+140% +$25.2M
WRB icon
4
W.R. Berkley
WRB
$25.5B
$8.95M 0.57%
189,900
-2,400
-1% -$109K
OZK icon
5
Bank OZK
OZK
$5.39B
$2.55M 0.16%
51,200
-96,300
-65% -$3.97M
BRK.A icon
6
Berkshire Hathaway Class A
BRK.A
$1.06T
$543K 0.03%
1
– –
AAPL icon
7
Apple
AAPL
$4.51T
$462K 0.03%
2,400
– –
HOMB icon
8
Home BancShares
HOMB
$6.06B
– –
-103,400
Closed -$2.17M

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Bruce Berkowitz's Q4 2023 Portfolio in Review

As of Q4 2023, Bruce Berkowitz held 8 positions worth $1.56B, up 11% from $1.41B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Bruce Berkowitz's Q4 2023 filing shows 2 increased, 3 reduced and 1 closed positions. The largest sale was Bank OZK, an estimated $3.97M.

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

  • Bruce Berkowitz added most to Berkshire Hathaway Class B in Q4 2023, an estimated $25.2M increase.
  • Bruce Berkowitz's biggest Q4 2023 reduction was Bank OZK, cutting an estimated $3.97M.
  • Bruce Berkowitz fully exited Home BancShares in Q4 2023, selling an estimated $2.17M.
  • Bruce Berkowitz's ten largest holdings make up 100% of its $1.56B portfolio in Q4 2023.
  • Bruce Berkowitz opened 0 new positions and closed 1 in Q4 2023.
  • Bruce Berkowitz's portfolio value rose 11% quarter-over-quarter to $1.56B.

Based on Fairholme Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.