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 |
Bank OZK
OZK
|
+$9.7M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$406K |
| 3 |
Enterprise Products Partners
EPD
|
+$48.7K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
St. Joe Company
JOE
|
+$55.9M |
| 2 |
W.R. Berkley
WRB
|
+$137K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 84.78% |
| 2 | Energy | 11.35% |
| 3 | Financials | 3.83% |
| 4 | Technology | 0.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
St. Joe Company
JOE
$4.09B
| $1.18B | 84.78% |
21,520,167
-992,981
| -4% | -$55.9M |
2013 Q2
44 quarters
|
|
|
2
Enterprise Products Partners
EPD
$84.3B
| $158M | 11.35% |
5,438,300
+1,700
| +0% | +$48.7K |
2021 Q2
12 quarters
|
|
|
3
Bank OZK
OZK
$5.56B
| $22.5M | 1.62% |
548,550
+224,050
| +69% | +$9.7M |
2023 Q3
3 quarters
|
|
|
4
Berkshire Hathaway Class B
BRK.B
$1.16T
| $20.3M | 1.46% |
49,952
+994
| +2% | +$406K |
2019 Q1
21 quarters
|
|
|
5
W.R. Berkley
WRB
$27.1B
| $9.8M | 0.71% |
187,350
-2,550
| -1% | -$137K |
2023 Q2
4 quarters
|
|
6
Berkshire Hathaway Class A
BRK.A
$1.17T
| $612K | 0.04% |
1
| – | – |
2020 Q2
16 quarters
|
|
7
Apple
AAPL
$5.09T
| $505K | 0.04% |
2,400
| – | – |
2020 Q3
15 quarters
|
|
Similar funds
Bruce Berkowitz's Q2 2024 Portfolio in Review
As of Q2 2024, Bruce Berkowitz held 7 positions worth $1.39B, down 8.1% from $1.51B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Bruce Berkowitz withdrew a net $45.8M in Q2 2024, reducing 2 holdings. Its largest reduction was St. Joe Company, cutting an estimated $55.9M.
By sector, the portfolio is most concentrated in Real Estate at 85% of assets, down from 86% a quarter earlier, followed by Energy and Financials.
Against the trend, Bruce Berkowitz added an estimated $9.7M to Bank OZK.
- Bruce Berkowitz added most to Bank OZK in Q2 2024, an estimated $9.7M increase.
- Bruce Berkowitz's biggest Q2 2024 reduction was St. Joe Company, cutting an estimated $55.9M.
- Bruce Berkowitz's ten largest holdings make up 100% of its $1.39B portfolio in Q2 2024.
- Bruce Berkowitz opened 0 new positions and closed 0 in Q2 2024.
- Bruce Berkowitz's portfolio value fell 8.1% quarter-over-quarter to $1.39B.
Based on Fairholme Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.