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Bruce Berkowitz’s Latest Portfolio Churn: Selling HUM, HTZ, FUR and Buying TAL

September 16, 2010 | About:
There have been a number of trades coming out from the Bruce Berkowitz’s Fairholme camp. Given the high profile that Berkowitz assumes in the value investing community, we would like to bring out this information from behind the curtain of the premium membership:

On August 31, Berkowitz reported that he reduced his holding in Humana Inc. (HUM) by 45.87%. After the sale, he still held 7,093,600 shares of the healthcare insurer. This sale is a continuation of his sale in the stock during 2Q10. The sale price was $47.79 per share.

Also on August 31, he reported that he reduced his holding in Hertz Global Holding (HTZ) by 62.73%. After the sale, he still held 10,780,300 shares of the company. Again, this is a continuation of his sale in the stock during 2Q10.

Again, on August 31, Berkowitz reported that he reduced his position in Winthrop Realty Trust (FUR) by 10.38% to 3,767,527 shares at the price of $13.7 per share. And Again, he sold the stock during the second quarter of 2010.

Finally, on September 10, 2010, Berkowitz added 20.67% to his existing position of TAL International Group (TAL), bring the total to 2,254,919 shares, at $23.85 per share. Berkowitz has been trading in and out of this stock. During the most recent 2Q10, he has sold some shares of this stock.

To see Berkowitz’s stock picks and portfolio, click:

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About the author:

Mark's equity focus is identifying secular growth trends, and the companies most likely to benefit from these macro trends. Stocks are identified through fundamental analysis, although basic technical analysis is used in determining entry and exit points. With a degree in Economics from the University of Michigan, a broader understanding of the economy as a whole, along with interpreting investor psychology is also a major interest for Mark. His career background has focused on financial analysis in corporate America. Visit Mark's website at

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