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 |
Occidental Petroleum
OXY
|
+$2.21M |
| 2 |
Diamondback Energy
FANG
|
+$645K |
| 3 |
CNR
Core Natural Resources Inc
CNR
|
+$422K |
| 4 |
Enterprise Products Partners
EPD
|
+$50K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
St. Joe Company
JOE
|
+$19.2M |
| 2 |
Energy Transfer Partners
ET
|
+$13.4M |
| 3 |
Bank OZK
OZK
|
+$558K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 78.07% |
| 2 | Energy | 15.89% |
| 3 | Financials | 5.99% |
| 4 | Technology | 0.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
St. Joe Company
JOE
$3.92B
| $949M | 78.07% |
20,206,867
-410,600
| -2% | -$19.2M |
|
|
2
Enterprise Products Partners
EPD
$82.1B
| $186M | 15.31% |
5,450,400
+1,500
| +0% | +$50K |
|
|
3
Bank OZK
OZK
$5.39B
| $27.4M | 2.26% |
631,602
-11,800
| -2% | -$558K |
|
4
Berkshire Hathaway Class B
BRK.B
$1.06T
| $25.9M | 2.14% |
48,717
| – | – |
|
5
W.R. Berkley
WRB
$25.5B
| $18.6M | 1.53% |
261,450
| – | – |
|
|
6
Energy Transfer Partners
ET
$73B
| $3.1M | 0.25% |
166,600
-686,300
| -80% | -$13.4M |
|
|
7
Occidental Petroleum
OXY
$61.3B
| $2.68M | 0.22% |
54,300
+45,300
| +503% | +$2.21M |
|
|
8
Berkshire Hathaway Class A
BRK.A
$1.06T
| $798K | 0.07% |
1
| – | – |
|
|
9
Diamondback Energy
FANG
$59B
| $640K | 0.05% |
+4,000
| New | +$645K |
|
10
Apple
AAPL
$4.51T
| $533K | 0.04% |
2,400
| – | – |
|
|
CNR
11
Core Natural Resources Inc
CNR
$4.72B
| $386K | 0.03% |
+5,000
| New | +$422K |
|
12
EOG Resources
EOG
$80.3B
| $256K | 0.02% |
2,000
| – | – |
|
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Bruce Berkowitz's Q1 2025 Portfolio in Review
As of Q1 2025, Bruce Berkowitz held 12 positions worth $1.22B, up 2.8% from $1.18B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Bruce Berkowitz's Q1 2025 filing shows 2 new, 2 increased and 3 reduced positions. Its largest new stake was Diamondback Energy: 4,000 shares worth $640K. The largest sale was St. Joe Company, an estimated $19.2M.
By sector, the portfolio is most concentrated in Real Estate at 78% of assets, down from 78% a quarter earlier, followed by Energy and Financials.
- Bruce Berkowitz's largest Q1 2025 buy was Diamondback Energy: 4,000 shares worth $640K.
- Bruce Berkowitz added most to Occidental Petroleum in Q1 2025, an estimated $2.21M increase.
- Bruce Berkowitz's biggest Q1 2025 reduction was St. Joe Company, cutting an estimated $19.2M.
- Bruce Berkowitz's ten largest holdings make up 100% of its $1.22B portfolio in Q1 2025.
- Bruce Berkowitz opened 2 new positions and closed 0 in Q1 2025.
- Bruce Berkowitz's portfolio value rose 2.8% quarter-over-quarter to $1.22B.
Based on Fairholme Capital Management's 13F filing for Q1 2025, filed 15 May 2025.