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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
-16.45%
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
$1.18B
AUM Growth
-$277M
Cap. Flow
-$12.5M
Cap. Flow %
-1.06%
Top 10 Hldgs %
100%
Holding
10
New
3
Increased
1
Reduced
3
Closed
–

Top Buys

Rank Stock Value
1
ET icon
Energy Transfer Partners
ET
+$15.1M
2
OXY icon
Occidental Petroleum
OXY
+$455K
3
EOG icon
EOG Resources
EOG
+$256K
4
EPD icon
Enterprise Products Partners
EPD
+$76.8K

Top Sells

Rank Stock Value
1
JOE icon
St. Joe Company
JOE
+$27.4M
2
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$626K
3
OZK icon
Bank OZK
OZK
+$444K

Sector Composition

Rank Sector Weight
1 Real Estate 78.38%
2 Energy 15.93%
3 Financials 5.64%
4 Technology 0.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JOE icon
1
St. Joe Company
JOE
$3.92B
$926M 78.38%
20,617,467
-528,600
-2% -$27.4M
EPD icon
2
Enterprise Products Partners
EPD
$82.1B
$171M 14.46%
5,448,900
+2,500
+0% +$76.8K
OZK icon
3
Bank OZK
OZK
$5.39B
$28.7M 2.42%
643,402
-9,700
-1% -$444K
BRK.B icon
4
Berkshire Hathaway Class B
BRK.B
$1.06T
$22.1M 1.87%
48,717
-1,355
-3% -$626K
ET icon
5
Energy Transfer Partners
ET
$73B
$16.7M 1.41%
+852,900
New +$15.1M
WRB icon
6
W.R. Berkley
WRB
$25.5B
$15.3M 1.29%
261,450
– –
BRK.A icon
7
Berkshire Hathaway Class A
BRK.A
$1.06T
$681K 0.06%
1
– –
AAPL icon
8
Apple
AAPL
$4.51T
$601K 0.05%
2,400
– –
OXY icon
9
Occidental Petroleum
OXY
$61.3B
$445K 0.04%
+9,000
New +$455K
EOG icon
10
EOG Resources
EOG
$80.3B
$245K 0.02%
+2,000
New +$256K

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Bruce Berkowitz's Q4 2024 Portfolio in Review

As of Q4 2024, Bruce Berkowitz held 10 positions worth $1.18B, down 19% from $1.46B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Bruce Berkowitz's Q4 2024 filing shows 3 new, 1 increased and 3 reduced positions. Its largest new stake was Energy Transfer Partners: 852,900 shares worth $16.7M. The largest sale was St. Joe Company, an estimated $27.4M.

By sector, the portfolio is most concentrated in Real Estate at 78% of assets, down from 85% a quarter earlier, followed by Energy and Financials.

  • Bruce Berkowitz's largest Q4 2024 buy was Energy Transfer Partners: 852,900 shares worth $16.7M.
  • Bruce Berkowitz added most to Enterprise Products Partners in Q4 2024, an estimated $76.8K increase.
  • Bruce Berkowitz's biggest Q4 2024 reduction was St. Joe Company, cutting an estimated $27.4M.
  • Bruce Berkowitz's ten largest holdings make up 100% of its $1.18B portfolio in Q4 2024.
  • Bruce Berkowitz opened 3 new positions and closed 0 in Q4 2024.
  • Bruce Berkowitz's portfolio value fell 19% quarter-over-quarter to $1.18B.

Based on Fairholme Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.