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FAIRHOLME CAPITAL MANAGEMENT LLC
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SOUTH MIAMI FL
Hedge Fund
Investment Advisor
Billionaires Group
Fairholme Capital Management is based out of South Miami and is run by Bruce Berkowitz. Fairholme Capital Management is a hedge fund with 97 clients and discretionary assets under management (AUM) of $1,828,234,132 (Form ADV from 2024-03-28). Their last reported 13F filing for Q2 2024 included $1,388,498,464 in managed 13F securities
and a top 10 holdings concentration of 100.0%. Fairholme Capital Management's largest holding is St. Joe Corp with shares held of 21,520,167. Whalewisdom has at least 100 13F filings, 90 13D filings, and 160 13G filings
Business Description
The document provides information about an advisory business, specifically focusing on fees and compensation, performance-based fees, side-by-side management, types of clients, methods of analysis, investment strategies, and risk of loss. It also mentions disciplinary information, other financial industry activities and affiliations, code of ethics, participation or interest in client transactions and personal trading, and voting client securities.
The document further details that the advisory business periodically determines in good faith that the commissions paid for services are reasonable in relation to the value of the services provided by the broker-dealers. The business may direct sufficient commissions to broker-dealers who provide research or other services to ensure the continued receipt of research or other services that the business believes is useful in its investment decision-making process.
Investment Strategy
Fairholme Capital Management typically employs a focused portfolio/non-diversification strategy, concentrating investments on a limited number of issuers and securities. They do not seek to diversify investments across security types, countries, or industry sectors. Additionally, Fairholme primarily utilizes a buy and hold strategy, acquiring securities and holding them for extended periods, disregarding short-term market fluctuations or stock price volatility.
Fairholme may also utilize additional strategies, including investments in illiquid or restricted securities, margin, short sales, options, and derivatives. These strategies are employed subject to applicable investment restrictions and may involve risks of loss to account holders.
Owners
- BERKOWITZ, BRUCE, ROBERT - CHIEF INVESTMENT OFFICER
- FONT, FERNANDO, MANUEL - CHIEF ADMINISTRATIVE OFFICER
- FAIRHOLME HOLDINGS LLC - SOLE MEMBER
- KELLNER, WAYNE - CHIEF FINANCIAL OFFICER AND CHIEF OPERATING OFFICER
- KAPAHI, ERICA, K - CHIEF COMPLIANCE OFFICER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2024-06-30
Top Buys (13F)
Name | % Change |
---|---|
EPD Enterprise Products | 0.85% |
OZK Bank of the Ozarks | 0.64% |
BRK.B Berkshire Hathaway I | 0.1% |
2024-06-30
Top Sells (13F)
Name | % Change |
---|---|
JOE St. Joe Corp | 1.58% |
WRB Berkeley (W.R.) Corp | 0.03% |
2024-06-30
13F Holdings Summary
Name | $ Change |
---|---|
JOE St. Joe Corp | 84.78% |
EPD Enterprise Products | 11.35% |
OZK Bank of the Ozarks | 1.62% |
BRK.B Berkshire Hathaway I | 1.46% |
WRB Berkeley (W.R.) Corp | 0.71% |
2024-06-30
13F Activity
Market Value | $1.39b, Prior: $1.51b |
Inflows (Outflows) as % of Total MV | (-3.232)% |
New Purchases | 0 stocks |
Added To | 3 stocks |
Sold out of | 0 stocks |
Reduced holdings in | 2 stocks |
Top 10 Holdings % | 100% |
Turnover %[1] | 0% |
Turnover Alt %[2] | 0.69% |
Time Held Top 20 | 19.5714 quarters |
Time Held Top 10 | 14 quarters |
Time Held All | 20.14 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-06-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-06-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30