Feedback
European Shorting
My Portfolios
Browse Gurus
Print
Email
Bookmark
Fairholme still faces redemption pressure although it went from the bottom 99% to top 1% of mutual funds in the first quarter. Since Nov. 30, 2011, the recovery of financial stocks has lifted the fund’s performance dramatically. The value of the fund’s top holdings grew by almost $1 billion. Please see the table below:
| Quarter ended 2/29/2012 | Quarter ended on 11/30/2012 | Change | ||||
| Symbol | Number of Shares | Value ($1000) | Number of Shares | Value ($1000) | Gain(%) | Gain ($1000) |
| AIG | 84,130,225 | 2,147,480 | 84,413,425 | 1,967,680 | 9% | 179,800 |
| AAIGF.PK | 302,221,000 | 1,145,570 | 302,221,000 | 916,145 | 25% | 229,425 |
| SHLD | 14,212,673 | 990,055 | 14,212,673 | 857,450 | 15% | 132,605 |
| CIT | 16,358,129 | 665,939 | 16,358,129 | 553,886 | 20% | 112,053 |
| BAC | 81,607,015 | 650,408 | 81,607,015 | 443,942 | 47% | 206,466 |
| JOE | 23,136,502 | 361,547 | 23,136,502 | 322,722 | 12% | 38,825 |
| LUK | 12,186,350 | 347,189 | 12,186,350 | 285,404 | 22% | 61,785 |
| MBI | 20,501,100 | 221,002 | 20,501,100 | 198,861 | 11% | 22,141 |
| AIG.WS | 21,588,480 | 178,537 | 21,588,480 | 132,121 | 35% | 46,416 |
| Total Value for Quarter (2/29/2012): | 6,707,727 | Total Value for Quarter (11/30/2011): | 5,678,211 | Difference | 1,029,516 |
It is ironic how quickly investors poured tens of billions into the Fairholme Fund at the worst time, when Bruce Berkowitz could do nothing wrong, and how quickly they rush out when it is exactly the time they should stay. Bruce Berkowitz lost these investors’ money, but don’t blame him for that.
Check out Bruce Berkowitz’s complete portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Bruce Berkowitz.
Subscribe RSS
RSS