Fairholme Focused Income Fund

Last Update: 2012-02-03
Related: Bruce Berkowitz
Fairholme Fund

Number of Stocks: 11
Number of New Stocks: 0

Total Value: $7,931 Mil
Q/Q Turnover: 14%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Fairholme Focused Income Fund Watch

  • Fairholme Focused Income Fund Buys Financials: BAC, C

    Fairholme Focused Income Fund is managed by Bruce Berkowitz, one of the best investors among the newer generation. Voted as the Domestic-Stock Fund Manager of the Decade in 2009, Berkowitz is known for his relatively concentrated portfolio. He holds a relatively small number of companies, believing that the more diversified the portfolio, the more likely that the performance will be average. He targets deeply undervalued stocks with proficient management and strong free cash flow. His Fairholme Focused Income Fund seeks current income, other forms of cash distributions, and capital preservation. To meet these objectives, the fund invests in a focused portfolio of cash distributing securities and has the flexibility to invest in numerous different securities, including corporate debt securities, government debt securities, bank loans, convertible bonds, and equity securities. The fund follows Fairholme's focused, multi-sector, value-based approach. According to its second quarter portfolio update, Fairholme Focused Income Fund's biggest moves included new positions in Bank of America (BAC) and Citigroup (C).

    Bank of America Corp. (BAC)  


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