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FCM
Fairholme Capital Management Portfolio holdings
AUM
$1.49B
1-Year Est. Return
28.35%
This Fund
S&P 500
This Quarter
Est. Return
-3.79%
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
$7.26B
AUM Growth
-$2.68B
(-27%)
Cap. Flow
-$2.22B
Cap. Flow
% of AUM
-30.59%
Top 10 Holdings %
Top 10 Hldgs %
98.91%
Holding
58
New
3
Increased
2
Reduced
7
Closed
34
Avg Time Held
3.8
quarters
Top 10 Avg Time Held
3.1
quarters
Top 20 Avg Time Held
2.3
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SHLD
Sears Holding Corporation
SHLD
|
+$29.2M |
| 2 |
CHK
Chesapeake Energy Corporation
CHK
|
+$14.1M |
| 3 |
BP
BP
|
+$2.61M |
| 4 |
FLG
Flagstar Bank National Association
FLG
|
+$2.36M |
| 5 |
BAC.WS.A
Bank Of America Corporation Ws A
BAC.WS.A
|
+$1.42M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FNM.PRS
FEDERAL NATIONAL MORTGAGE ASSOCIATION PFD SER S (USA)
FNM.PRS
|
+$611M |
| 2 |
American International
AIG
|
+$519M |
| 3 |
FRE.PRZ
FREDDIE MAC FIXED FLG RT NON CUM PERP PREF
FRE.PRZ
|
+$435M |
| 4 |
Lands' End
LE
|
+$108M |
| 5 |
FNM
FANNIE MAE
FNM
|
+$80.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 73.56% |
| 2 | Miscellaneous | 10.28% |
| 3 | Consumer Discretionary | 9.11% |
| 4 | Real Estate | 6.81% |
| 5 | Energy | 0.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
American International
AIG
$39.3B
| $3.26B | 44.86% |
60,311,704
-9,498,610
| -14% | -$519M |
2013 Q2
5 quarters
|
|
2
Bank of America
BAC
$378B
| $1.67B | 22.94% |
97,710,665
-721,550
| -0.7% | -$11.5M |
2013 Q2
5 quarters
|
|
|
SHLD
3
DELISTED
Sears Holding Corporation
SHLD
| $644M | 8.86% |
27,385,626
+894,860
| +3% | +$29.2M |
2013 Q2
5 quarters
|
|
|
AIG.WS
4
DELISTED
American International Group, Inc.
AIG.WS
| $585M | 8.06% |
24,479,806
-9,129
| -0% | -$231K |
2013 Q2
5 quarters
|
|
5
St. Joe Company
JOE
$3.76B
| $494M | 6.81% |
24,809,498
-27,400
| -0.1% | -$615K |
2013 Q2
5 quarters
|
|
6
Jefferies Financial Group
JEF
$10.4B
| $360M | 4.95% |
16,848,709
-707,356
| -4% | -$15.9M |
2013 Q2
5 quarters
|
|
|
BAC.WS.A
7
DELISTED
Bank Of America Corporation Ws A
BAC.WS.A
| $92.7M | 1.28% |
12,358,428
+200,400
| +2% | +$1.42M |
2013 Q2
5 quarters
|
|
8
Berkshire Hathaway Class B
BRK.B
$1.08T
| $39.2M | 0.54% |
283,700
-4,925
| -2% | -$656K |
2013 Q2
5 quarters
|
|
|
WFC.WS
9
DELISTED
Wells Fargo & Company Ws
WFC.WS
| $27.1M | 0.37% |
1,346,665
| – | – |
2013 Q2
5 quarters
|
|
|
10
Lands' End
LE
$311M
| $18.4M | 0.25% |
448,419
-2,914,338
| -87% | -$108M |
2014 Q2
1 quarter
|
|
|
HIG.WS
11
DELISTED
Hartford Financial Services Grp
HIG.WS
| $16M | 0.22% |
553,900
| – | – |
2013 Q2
5 quarters
|
|
|
JPM.WS
12
DELISTED
JPMorgan Chase
JPM.WS
| $15.1M | 0.21% |
753,300
| – | – |
2013 Q2
5 quarters
|
|
|
CHK
13
DELISTED
Chesapeake Energy Corporation
CHK
| $12.3M | 0.17% |
+2,685
| New | +$14.1M |
2014 Q3
0 quarters
|
|
|
LNC.WS
14
DELISTED
Lincoln National Corporation
LNC.WS
| $9.27M | 0.13% |
205,810
| – | – |
2013 Q2
5 quarters
|
|
15
Wells Fargo
WFC
$246B
| $7.76M | 0.11% |
149,600
| – | – |
2013 Q2
5 quarters
|
|
16
Citigroup
C
$216B
| $2.83M | 0.04% |
54,560
| – | – |
2013 Q2
5 quarters
|
|
17
Lincoln National
LNC
$8.06B
| $2.38M | 0.03% |
44,400
| – | – |
2013 Q2
5 quarters
|
|
|
18
BP
BP
$116B
| $2.37M | 0.03% |
+66,018
| New | +$2.61M |
2014 Q3
0 quarters
|
|
|
FLG
19
Flagstar Bank National Association
FLG
$4.8B
| $2.35M | 0.03% |
+49,333
| New | +$2.36M |
2014 Q3
0 quarters
|
|
20
Vodafone
VOD
$38.3B
| $2.33M | 0.03% |
71,000
| – | – |
2014 Q1
2 quarters
|
|
21
KKR & Co
KKR
$81.4B
| $2.26M | 0.03% |
101,500
| – | – |
2014 Q2
1 quarter
|
|
22
Hartford Financial Services
HIG
$34.3B
| $1.94M | 0.03% |
52,000
| – | – |
2013 Q2
5 quarters
|
|
|
BAC.WS.B
23
DELISTED
Bank Of America Corporation Ws B
BAC.WS.B
| $1.4M | 0.02% |
1,455,701
| – | – |
2014 Q2
1 quarter
|
|
|
24
Berkshire Hathaway Class A
BRK.A
$1.08T
| $621K | 0.01% |
3
| – | – |
2013 Q2
5 quarters
|
|
25
Genworth Financial
GNW
$3.64B
| – | – |
-1,071,500
| Closed | -$18.6M | – |
|
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Fairholme Capital Management's Q3 2014 Portfolio in Review
As of Q3 2014, Fairholme Capital Management held 58 positions worth $7.26B, down 27% from $9.94B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Fairholme Capital Management withdrew a net $2.22B in Q3 2014, closing 34 positions and reducing 7 holdings. Its most notable exit was FEDERAL NATIONAL MORTGAGE ASSOCIATION PFD SER S (USA), an estimated $611M position sold in full.
By sector, the portfolio is most concentrated in Financials at 74% of assets, up from 59% a quarter earlier, followed by Miscellaneous and Consumer Discretionary.
Against the trend, Fairholme Capital Management opened a new position in Chesapeake Energy Corporation worth $12.3M.
- Fairholme Capital Management's largest Q3 2014 buy was Chesapeake Energy Corporation: 2,685 shares worth $12.3M.
- Fairholme Capital Management added most to Sears Holding Corporation in Q3 2014, an estimated $29.2M increase.
- Fairholme Capital Management's biggest Q3 2014 reduction was American International, cutting an estimated $519M.
- Fairholme Capital Management fully exited FEDERAL NATIONAL MORTGAGE ASSOCIATION PFD SER S (USA) in Q3 2014, selling an estimated $611M.
- Fairholme Capital Management's ten largest holdings make up 99% of its $7.26B portfolio in Q3 2014.
- Fairholme Capital Management opened 3 new positions and closed 34 in Q3 2014.
- Fairholme Capital Management's portfolio value fell 27% quarter-over-quarter to $7.26B.
Based on Fairholme Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.