Bruce Berkowitz (Trades, Portfolio) is the founder and the managing member of the Fairholme Fund (Trades, Portfolio). The investor reported decreasing his stake in Sears Holdings Corp (NASDAQ:SHLD) on March 16, according to GuruFocus Real Time Picks.
Berkowitz is the largest shareholder of Sears Holdings, which upped its stake by 5% on the quarter to 26.54 million shares held as of the end of 2014. But now, with the transaction, Berkowitz’s position decreased by 0.16% to 26,498,973 shares. The fund initiated a position more than five years ago, and during 2014 Berkowitz added the stake to reach 26,545,273 million shares at the end of the fourth quarter of 2014, worth $875.46 million. Continue Reading »