Bruce Berkowitz reported his 4th quarter portfolio at Fairholme Capital Management. As of 12/31/2010, Fairholme Capital Management owns 24 stocks with a total value of $15.8 billion. These are the details of the buys and sells.
We reported the portfolios Fairholme Fund and Fairholme Focused Income Fund for the portfolio date of Nov. 30, 2010. This update is for Fairholme Capital Management. Compared with the funds’ portfolios on Nov. 30, there is no new positions.
Stocks like AT&T (T, Financial) and Verizon (VZ, Financial) were bought into Fairholme Focused Income Fund for their high yields. We have written about this before. As discussed, we now track three portfolios of Bruce Berkowitz. They are filed under “Bruce Berkowitz”, “Fairholme fund” and “Fairholme Focused Income Fund”, respectively.
This is the portfolio chart of Bruce Berkowitz. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Bruce Berkowitz
Added: American Int'l Group Inc (AIG, Financial)
Bruce Berkowitz added to his holdings in American Int'l Group Inc by 34.57%. His purchase prices were between $39.28 and $59.38, with an estimated average price of $44.93. The impact to his portfolio due to this purchase was 4.15%. His holdings were 44,285,986 shares as of 12/31/2010.
American International Group, Inc., world leaders in insurance and financial services, is the international insurance organization with operations in more than one hundred thirty countries and jurisdictions. American Int'l Group Inc has a market cap of $5.58 billion; its shares were traded at around $41.3 with and P/S ratio of 0.1.
Added: Regions Financial Corp. (RF, Financial)
Bruce Berkowitz added to his holdings in Regions Financial Corp. by 73.52%. His purchase prices were between $5.21 and $7.54, with an estimated average price of $6.45. The impact to his portfolio due to this purchase was 2.34%. His holdings were 124,457,204 shares as of 12/31/2010.
Regions Financial Corporation is a regional bank holding company and hasbanking-related subsidiaries engaged in mortgage banking, credit life insurance, leasing, and securities brokerage activities with offices in various Southeastern states. Regions Financial Corp. has a market cap of $9.94 billion; its shares were traded at around $7.91 with and P/S ratio of 1.2. The dividend yield of Regions Financial Corp. stocks is 0.5%.
Added: Bank Of America Corp. (BAC, Financial)
Bruce Berkowitz added to his holdings in Bank Of America Corp. by 30.37%. His purchase prices were between $10.95 and $13.56, with an estimated average price of $12.2. The impact to his portfolio due to this purchase was 1.81%. His holdings were 92,139,515 shares as of 12/31/2010.
Bank of America Corp. is one of the world's financial services companies. Bank Of America Corp. has a market cap of $150.17 billion; its shares were traded at around $14.89 with a P/E ratio of 17.3 and P/S ratio of 1.1. The dividend yield of Bank Of America Corp. stocks is 0.3%.
Added: Cit Group Inc. New (CIT, Financial)
Bruce Berkowitz added to his holdings in Cit Group Inc. New by 29.49%. His purchase prices were between $39.46 and $47.05, with an estimated average price of $42.29. The impact to his portfolio due to this purchase was 1.36%. His holdings were 19,996,529 shares as of 12/31/2010.
CIT Group Inc. is a bank holding company that provides financing and leasing capital for commercial companies throughout the world. Cit Group Inc. New has a market cap of $9.64 billion; its shares were traded at around $48.15 with and P/S ratio of 2.4.
Added: Berkshire Hathaway (BRK.B, Financial)
Bruce Berkowitz added to his holdings in Berkshire Hathaway by 44.36%. His purchase prices were between $79.09 and $83.72, with an estimated average price of $81.16. The impact to his portfolio due to this purchase was 1.07%. His holdings were 6,843,300 shares as of 12/31/2010.
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway has a market cap of $210.8 billion; its shares were traded at around $85.3 with a P/E ratio of 18 and P/S ratio of 1.9. Berkshire Hathaway had an annual average earning growth of 13.2% over the past 10 years.
Added: Mbia Inc. (MBI, Financial)
Bruce Berkowitz added to his holdings in Mbia Inc. by 19.7%. His purchase prices were between $9.52 and $13, with an estimated average price of $10.81. The impact to his portfolio due to this purchase was 0.48%. His holdings were 38,452,600 shares as of 12/31/2010.
MBIA Incorporated is engaged in providing financial guaranteeinsurance and investment management and financial services to public finance clients and financial institutions on a global basis. Mbia Inc. has a market cap of $2.26 billion; its shares were traded at around $11.33 with and P/S ratio of 0.8.
Added: Morgan Stanley (MS, Financial)
Bruce Berkowitz added to his holdings in Morgan Stanley by 6.16%. His purchase prices were between $24.19 and $27.66, with an estimated average price of $25.73. The impact to his portfolio due to this purchase was 0.39%. His holdings were 38,582,400 shares as of 12/31/2010.
MORGAN STANLEY is a preeminent global financial services firm that maintains market positions in each of its three primary businesses: securities; asset management; and credit services. Morgan Stanley has a market cap of $45.36 billion; its shares were traded at around $29.98 with a P/E ratio of 14.1 and P/S ratio of 1.4. The dividend yield of Morgan Stanley stocks is 0.7%. Morgan Stanley had an annual average earning growth of 6.4% over the past 10 years.
Added: General Electric (GE, Financial)
Bruce Berkowitz added to his holdings in General Electric by 10.82%. His purchase prices were between $15.76 and $18.32, with an estimated average price of $16.73. The impact to his portfolio due to this purchase was 0.18%. His holdings were 15,953,000 shares as of 12/31/2010.
General Electric is one of the largest and most diversified industrial corporations in the world. General Electric has a market cap of $229.08 billion; its shares were traded at around $21.5 with a P/E ratio of 18.5 and P/S ratio of 1.5. The dividend yield of General Electric stocks is 2.6%. General Electric had an annual average earning growth of 7.9% over the past 10 years.
Added: Sears Holdings Corp. (SHLD, Financial)
Bruce Berkowitz added to his holdings in Sears Holdings Corp. by 1.75%. His purchase prices were between $63.7 and $76.32, with an estimated average price of $70.16. The impact to his portfolio due to this purchase was 0.12%. His holdings were 14,917,873 shares as of 12/31/2010.
Sears Holdings Corporation, the parent of Kmart and Sears, Roebuck and Co. Sears Holdings Corp. has a market cap of $9.82 billion; its shares were traded at around $89.29 with a P/E ratio of 52.8 and P/S ratio of 0.2.
New Purchase: At&t Inc. (T)
Bruce Berkowitz initiated holdings in At&t Inc.. His purchase prices were between $27.7 and $29.44, with an estimated average price of $28.66. The impact to his portfolio due to this purchase was 1.75%. His holdings were 9,380,700 shares as of 12/31/2010.
AT&T Inc. is a premier communications holding company. At&t Inc. has a market cap of $168.2 billion; its shares were traded at around $28.46 with a P/E ratio of 12.4 and P/S ratio of 1.3. The dividend yield of At&t Inc. stocks is 6%. At&t Inc. had an annual average earning growth of 4.7% over the past 10 years.
New Purchase: Verizon Communications Inc. (VZ)
Bruce Berkowitz initiated holdings in Verizon Communications Inc.. His purchase prices were between $31.9 and $35.62, with an estimated average price of $33.2. The impact to his portfolio due to this purchase was 1.68%. His holdings were 7,402,400 shares as of 12/31/2010.
Verizon Communications, formed by the merger of Bell Atlantic and GTE, is one of the world's providers of high-growth communications services. Verizon Communications Inc. has a market cap of $101.48 billion; its shares were traded at around $35.9 with a P/E ratio of 16 and P/S ratio of 1. The dividend yield of Verizon Communications Inc. stocks is 5.4%. Verizon Communications Inc. had an annual average earning growth of 2.7% over the past 10 years. GuruFocus rated Verizon Communications Inc. the business predictability rank of 2.5-star.
New Purchase: Banco Santander S.a. (STD, Financial)
Bruce Berkowitz initiated holdings in Banco Santander S.a.. His purchase prices were between $9.62 and $13.46, with an estimated average price of $11.74. The impact to his portfolio due to this purchase was 0.32%. His holdings were 4,741,200 shares as of 12/31/2010.
Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. Banco Santander S.a. has a market cap of $98.2 billion; its shares were traded at around $11.79 with a P/E ratio of 9.1 and P/S ratio of 0.9. The dividend yield of Banco Santander S.a. stocks is 3.2%.
New Purchase: Royal Dutch Shell Plc (RDS.A)
Bruce Berkowitz initiated holdings in Royal Dutch Shell Plc. His purchase prices were between $60.67 and $68.29, with an estimated average price of $64.3. The impact to his portfolio due to this purchase was 0.07%. His holdings were 174,900 shares as of 12/31/2010.
Royal Dutch Petroleum Company owns 60% of the Royal Dutch/Shell Group of companies. Royal Dutch Shell Plc has a market cap of $213.77 billion; its shares were traded at around $68.3 with a P/E ratio of 10.3 and P/S ratio of 0.6. The dividend yield of Royal Dutch Shell Plc stocks is 4.2%. Royal Dutch Shell Plc had an annual average earning growth of 4.7% over the past 10 years. GuruFocus rated Royal Dutch Shell Plc the business predictability rank of 3.5-star.
Reduced: Wellcare Health Plans Inc. (WCG)
Bruce Berkowitz reduced to his holdings in Wellcare Health Plans Inc. by 38.82%. His sale prices were between $27.47 and $29.58, with an estimated average price of $28.57. The impact to his portfolio due to this sale was -0.43%. Bruce Berkowitz still held 3,569,800 shares as of 12/31/2010.
WellCare Health Plans, Inc. provides managed care services targeted exclusively to government-sponsored healthcare programs, focusing on Medicaid and Medicare. Wellcare Health Plans Inc. has a market cap of $1.49 billion; its shares were traded at around $35.01 with a P/E ratio of 14.4 and P/S ratio of 0.2.
Reduced: Winthrop Realty Trust (FUR)
Bruce Berkowitz reduced to his holdings in Winthrop Realty Trust by 30.28%. His sale prices were between $11.94 and $13.77, with an estimated average price of $12.83. The impact to his portfolio due to this sale was -0.09%. Bruce Berkowitz still held 2,491,848 shares as of 12/31/2010.
Winthrop Realty Trust is a Boston-based real estate investment trust. Winthrop Realty Trust has a market cap of $329.5 million; its shares were traded at around $12.19 with a P/E ratio of 7.5 and P/S ratio of 6.9. The dividend yield of Winthrop Realty Trust stocks is 5.3%. Winthrop Realty Trust had an annual average earning growth of 8.5% over the past 10 years.
Sold Out: Tal International Group Inc. (TAL)
Bruce Berkowitz sold out his holdings in Tal International Group Inc.. His sale prices were between $23.66 and $31.6, with an estimated average price of $28.16.
TAL International Group, Inc. is a lessor of intermodal containers and chassis. Tal International Group Inc. has a market cap of $1.1 billion; its shares were traded at around $35.84 with a P/E ratio of 16.5 and P/S ratio of 3. The dividend yield of Tal International Group Inc. stocks is 4.5%. Tal International Group Inc. had an annual average earning growth of 4.3% over the past 5 years.
We reported the portfolios Fairholme Fund and Fairholme Focused Income Fund for the portfolio date of Nov. 30, 2010. This update is for Fairholme Capital Management. Compared with the funds’ portfolios on Nov. 30, there is no new positions.
Stocks like AT&T (T, Financial) and Verizon (VZ, Financial) were bought into Fairholme Focused Income Fund for their high yields. We have written about this before. As discussed, we now track three portfolios of Bruce Berkowitz. They are filed under “Bruce Berkowitz”, “Fairholme fund” and “Fairholme Focused Income Fund”, respectively.
This is the portfolio chart of Bruce Berkowitz. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.
- New Purchases: T, VZ, STD, RDS.A,
- Added Positions: AIG, RF, BAC, CIT, BRK.B, MBI, MS, GE, SHLD,
- Reduced Positions: WCG, FUR
- Sold Out: TAL,
This is the sector weightings of his portfolio:
These are the top 5 holdings of Bruce Berkowitz
- AMERICAN INT'L GROUP INC (AIG) - 44,285,986 shares, 16.16% of the total portfolio. Shares added by 34.57%
- GENERAL GROWTH PROPERTIES INC. (GGP) - 113,600,256 shares, 11.14% of the total portfolio. Shares added by 10000%
- BANK OF AMERICA CORP. (BAC) - 92,139,515 shares, 7.79% of the total portfolio. Shares added by 30.37%
- CITIGROUP INC. (C) - 237,137,000 shares, 7.11% of the total portfolio. Shares reduced by 1.77%
- Sears Holdings Corp. (SHLD) - 14,917,873 shares, 6.97% of the total portfolio. Shares added by 1.75%
Added: American Int'l Group Inc (AIG, Financial)
Bruce Berkowitz added to his holdings in American Int'l Group Inc by 34.57%. His purchase prices were between $39.28 and $59.38, with an estimated average price of $44.93. The impact to his portfolio due to this purchase was 4.15%. His holdings were 44,285,986 shares as of 12/31/2010.
American International Group, Inc., world leaders in insurance and financial services, is the international insurance organization with operations in more than one hundred thirty countries and jurisdictions. American Int'l Group Inc has a market cap of $5.58 billion; its shares were traded at around $41.3 with and P/S ratio of 0.1.
Added: Regions Financial Corp. (RF, Financial)
Bruce Berkowitz added to his holdings in Regions Financial Corp. by 73.52%. His purchase prices were between $5.21 and $7.54, with an estimated average price of $6.45. The impact to his portfolio due to this purchase was 2.34%. His holdings were 124,457,204 shares as of 12/31/2010.
Regions Financial Corporation is a regional bank holding company and hasbanking-related subsidiaries engaged in mortgage banking, credit life insurance, leasing, and securities brokerage activities with offices in various Southeastern states. Regions Financial Corp. has a market cap of $9.94 billion; its shares were traded at around $7.91 with and P/S ratio of 1.2. The dividend yield of Regions Financial Corp. stocks is 0.5%.
Added: Bank Of America Corp. (BAC, Financial)
Bruce Berkowitz added to his holdings in Bank Of America Corp. by 30.37%. His purchase prices were between $10.95 and $13.56, with an estimated average price of $12.2. The impact to his portfolio due to this purchase was 1.81%. His holdings were 92,139,515 shares as of 12/31/2010.
Bank of America Corp. is one of the world's financial services companies. Bank Of America Corp. has a market cap of $150.17 billion; its shares were traded at around $14.89 with a P/E ratio of 17.3 and P/S ratio of 1.1. The dividend yield of Bank Of America Corp. stocks is 0.3%.
Added: Cit Group Inc. New (CIT, Financial)
Bruce Berkowitz added to his holdings in Cit Group Inc. New by 29.49%. His purchase prices were between $39.46 and $47.05, with an estimated average price of $42.29. The impact to his portfolio due to this purchase was 1.36%. His holdings were 19,996,529 shares as of 12/31/2010.
CIT Group Inc. is a bank holding company that provides financing and leasing capital for commercial companies throughout the world. Cit Group Inc. New has a market cap of $9.64 billion; its shares were traded at around $48.15 with and P/S ratio of 2.4.
Added: Berkshire Hathaway (BRK.B, Financial)
Bruce Berkowitz added to his holdings in Berkshire Hathaway by 44.36%. His purchase prices were between $79.09 and $83.72, with an estimated average price of $81.16. The impact to his portfolio due to this purchase was 1.07%. His holdings were 6,843,300 shares as of 12/31/2010.
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway has a market cap of $210.8 billion; its shares were traded at around $85.3 with a P/E ratio of 18 and P/S ratio of 1.9. Berkshire Hathaway had an annual average earning growth of 13.2% over the past 10 years.
Added: Mbia Inc. (MBI, Financial)
Bruce Berkowitz added to his holdings in Mbia Inc. by 19.7%. His purchase prices were between $9.52 and $13, with an estimated average price of $10.81. The impact to his portfolio due to this purchase was 0.48%. His holdings were 38,452,600 shares as of 12/31/2010.
MBIA Incorporated is engaged in providing financial guaranteeinsurance and investment management and financial services to public finance clients and financial institutions on a global basis. Mbia Inc. has a market cap of $2.26 billion; its shares were traded at around $11.33 with and P/S ratio of 0.8.
Added: Morgan Stanley (MS, Financial)
Bruce Berkowitz added to his holdings in Morgan Stanley by 6.16%. His purchase prices were between $24.19 and $27.66, with an estimated average price of $25.73. The impact to his portfolio due to this purchase was 0.39%. His holdings were 38,582,400 shares as of 12/31/2010.
MORGAN STANLEY is a preeminent global financial services firm that maintains market positions in each of its three primary businesses: securities; asset management; and credit services. Morgan Stanley has a market cap of $45.36 billion; its shares were traded at around $29.98 with a P/E ratio of 14.1 and P/S ratio of 1.4. The dividend yield of Morgan Stanley stocks is 0.7%. Morgan Stanley had an annual average earning growth of 6.4% over the past 10 years.
Added: General Electric (GE, Financial)
Bruce Berkowitz added to his holdings in General Electric by 10.82%. His purchase prices were between $15.76 and $18.32, with an estimated average price of $16.73. The impact to his portfolio due to this purchase was 0.18%. His holdings were 15,953,000 shares as of 12/31/2010.
General Electric is one of the largest and most diversified industrial corporations in the world. General Electric has a market cap of $229.08 billion; its shares were traded at around $21.5 with a P/E ratio of 18.5 and P/S ratio of 1.5. The dividend yield of General Electric stocks is 2.6%. General Electric had an annual average earning growth of 7.9% over the past 10 years.
Added: Sears Holdings Corp. (SHLD, Financial)
Bruce Berkowitz added to his holdings in Sears Holdings Corp. by 1.75%. His purchase prices were between $63.7 and $76.32, with an estimated average price of $70.16. The impact to his portfolio due to this purchase was 0.12%. His holdings were 14,917,873 shares as of 12/31/2010.
Sears Holdings Corporation, the parent of Kmart and Sears, Roebuck and Co. Sears Holdings Corp. has a market cap of $9.82 billion; its shares were traded at around $89.29 with a P/E ratio of 52.8 and P/S ratio of 0.2.
New Purchase: At&t Inc. (T)
Bruce Berkowitz initiated holdings in At&t Inc.. His purchase prices were between $27.7 and $29.44, with an estimated average price of $28.66. The impact to his portfolio due to this purchase was 1.75%. His holdings were 9,380,700 shares as of 12/31/2010.
AT&T Inc. is a premier communications holding company. At&t Inc. has a market cap of $168.2 billion; its shares were traded at around $28.46 with a P/E ratio of 12.4 and P/S ratio of 1.3. The dividend yield of At&t Inc. stocks is 6%. At&t Inc. had an annual average earning growth of 4.7% over the past 10 years.
New Purchase: Verizon Communications Inc. (VZ)
Bruce Berkowitz initiated holdings in Verizon Communications Inc.. His purchase prices were between $31.9 and $35.62, with an estimated average price of $33.2. The impact to his portfolio due to this purchase was 1.68%. His holdings were 7,402,400 shares as of 12/31/2010.
Verizon Communications, formed by the merger of Bell Atlantic and GTE, is one of the world's providers of high-growth communications services. Verizon Communications Inc. has a market cap of $101.48 billion; its shares were traded at around $35.9 with a P/E ratio of 16 and P/S ratio of 1. The dividend yield of Verizon Communications Inc. stocks is 5.4%. Verizon Communications Inc. had an annual average earning growth of 2.7% over the past 10 years. GuruFocus rated Verizon Communications Inc. the business predictability rank of 2.5-star.
New Purchase: Banco Santander S.a. (STD, Financial)
Bruce Berkowitz initiated holdings in Banco Santander S.a.. His purchase prices were between $9.62 and $13.46, with an estimated average price of $11.74. The impact to his portfolio due to this purchase was 0.32%. His holdings were 4,741,200 shares as of 12/31/2010.
Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. Banco Santander S.a. has a market cap of $98.2 billion; its shares were traded at around $11.79 with a P/E ratio of 9.1 and P/S ratio of 0.9. The dividend yield of Banco Santander S.a. stocks is 3.2%.
New Purchase: Royal Dutch Shell Plc (RDS.A)
Bruce Berkowitz initiated holdings in Royal Dutch Shell Plc. His purchase prices were between $60.67 and $68.29, with an estimated average price of $64.3. The impact to his portfolio due to this purchase was 0.07%. His holdings were 174,900 shares as of 12/31/2010.
Royal Dutch Petroleum Company owns 60% of the Royal Dutch/Shell Group of companies. Royal Dutch Shell Plc has a market cap of $213.77 billion; its shares were traded at around $68.3 with a P/E ratio of 10.3 and P/S ratio of 0.6. The dividend yield of Royal Dutch Shell Plc stocks is 4.2%. Royal Dutch Shell Plc had an annual average earning growth of 4.7% over the past 10 years. GuruFocus rated Royal Dutch Shell Plc the business predictability rank of 3.5-star.
Reduced: Wellcare Health Plans Inc. (WCG)
Bruce Berkowitz reduced to his holdings in Wellcare Health Plans Inc. by 38.82%. His sale prices were between $27.47 and $29.58, with an estimated average price of $28.57. The impact to his portfolio due to this sale was -0.43%. Bruce Berkowitz still held 3,569,800 shares as of 12/31/2010.
WellCare Health Plans, Inc. provides managed care services targeted exclusively to government-sponsored healthcare programs, focusing on Medicaid and Medicare. Wellcare Health Plans Inc. has a market cap of $1.49 billion; its shares were traded at around $35.01 with a P/E ratio of 14.4 and P/S ratio of 0.2.
Reduced: Winthrop Realty Trust (FUR)
Bruce Berkowitz reduced to his holdings in Winthrop Realty Trust by 30.28%. His sale prices were between $11.94 and $13.77, with an estimated average price of $12.83. The impact to his portfolio due to this sale was -0.09%. Bruce Berkowitz still held 2,491,848 shares as of 12/31/2010.
Winthrop Realty Trust is a Boston-based real estate investment trust. Winthrop Realty Trust has a market cap of $329.5 million; its shares were traded at around $12.19 with a P/E ratio of 7.5 and P/S ratio of 6.9. The dividend yield of Winthrop Realty Trust stocks is 5.3%. Winthrop Realty Trust had an annual average earning growth of 8.5% over the past 10 years.
Sold Out: Tal International Group Inc. (TAL)
Bruce Berkowitz sold out his holdings in Tal International Group Inc.. His sale prices were between $23.66 and $31.6, with an estimated average price of $28.16.
TAL International Group, Inc. is a lessor of intermodal containers and chassis. Tal International Group Inc. has a market cap of $1.1 billion; its shares were traded at around $35.84 with a P/E ratio of 16.5 and P/S ratio of 3. The dividend yield of Tal International Group Inc. stocks is 4.5%. Tal International Group Inc. had an annual average earning growth of 4.3% over the past 5 years.
