As a famed equity fund manager, registered investment advisor, former senior portfolio manager at Lehman Brothers Holdings and managing director of Smith Barney, Bruce Berkowitz has made a name for himself not just on Wall Street but in investing circles spanning the globe. The founder and CEO of Fairholme Capital Management, in 2009, Berkowitz was named Domestic-Stock Fund Manager of the Decade by Morningstar Inc.
Since its founding in 1997, Berkowitz-led Fairholme Capital Management has amassed $1.458 billion in assets under management. And in 2013, Institutional Investor Magazine named him Money Manager of the Year. Berkowitz has sat on boards including but not limited to the St. Joe Company, Sears Holdings Corp., White Mountains Insurance Group Ltd., AmeriCredit Corp., TAL International Group and Safety Insurance Group Inc., among others.
Meanwhile, the Coral Gables, Florida resident has seen his own net worth grow to an estimated $1.28 billion as of Nov. 8, 2024. As a seasoned investor whose decisions command both respect and scrutiny, Berkowitz’s portfolio has drawn considerable attention over the years. And while his portfolio currently only holds seven positions, its estimated value of $1.458 billion and leanings — which heavily favor the financials sector — are worthy of investors’ attention.
Fairholme Capital Management Portfolio
| Stock | Ticker | Shares Held | % of Portfolio | Change in Shares | % Change | % of Ownership | Position First Opened |
| St. Joe Co | JOE | 21,140,667 | 84.41% | -5,400 | -.03% | 36.20% | |
| Enterprise Product Partners | EPD | 5,446,400 | 10.95% | +8,100 | .15% | .25% | Q4 2020 |
| Bank Ozk | OZK | 653,102 | 1.94% | +104,552 | 19.06% | .51% | Q3 2023 |
| Berkshire Hathaway Class B | BRK.B | 50,072 | 1.59% | +120 | .24% | .00% | Q3 2018 |
| W.R. Berkley Corp | WRB | 261,450 | 1.02% | +74,100 | 39.55% | .07% | Q2 2023 |
| Berkshire Hathaway Class A | BRK.A | 1 | .05% | .00% | Q2 2020 | ||
| Apple | AAPL | 2,400 | .04% | .00% | Q3 2020 |
Q3 2024 Update:
In the third quarter, Fairholme Capital Management reported several notable changes to its portfolio:
Reductions:
- St. Joe Co (JOE): The fund reduced its largest holding by selling 5,400 shares, leaving 21.14 million shares in the portfolio. This represents 84.41% of the total portfolio value, with a minor decrease of 0.03% in the position.
Additions:
- Enterprise Products Partners (EPD): Fairholme increased its position by 8,100 shares (+0.15%), bringing the total to 5.45 million shares, representing 10.95% of the portfolio. This position was first opened in Q4 2020.
- Bank OZK (OZK): The fund added 104,552 shares (+19.06%), growing its position to 653,102 shares, or 1.94% of the portfolio. This position was initiated in Q3 2023.
- Berkshire Hathaway Class B (BRK.B): The fund increased its position slightly by 120 shares (+0.24%), now holding 50,072 shares (1.59% of the portfolio). This position dates back to Q3 2018.
- W.R. Berkley Corp (WRB): A notable increase of 74,100 shares (+39.55%) brought the total to 261,450 shares, now representing 1.02% of the portfolio. This position was first opened in Q2 2023.
More Research on Fairholme Capital Management:
- Bruce Berkowitz Has 97% of His Portfolio In These 3 Stocks.
- Is Legendary Investor Bruce Berkowitz Worst Stock a Buy?.
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