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Bruce Berkowitz Buys Chesapeake Energy, Berkshire Hathaway Inc, Sears, Sells CIT, MBIA, Wells Fargo

GuruCT

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Bruce Berkowitz had a good year in 2012. That was after a miserable 2011. It seems that the redemption of funds have stopped and he could buy some more stocks. He hasn’t done much buying over the past year due to redemption. But he did buy back some past holdings in his fund. He buys into Chesapeake Energy, Canadian Natural Resources, and Genworth Financial. All of them were the past holdings in his portfolio. He added to Berkshire Hathaway, Sears Holdings, Leucadia National Corporation, sells CIT Group, MBIA, Wells Fargo & Co during the 3-months ended 03/31/2013, according to the most recent filings of his investment company, Fairholme Capital Management. As of 03/31/2013, Fairholme Capital Management owns 21 stocks with a total value of $7.9 billion. These are the details of the buys and sells.

For the details of Bruce Berkowitz's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Bruce+Berkowitz

This is the sector weightings of his portfolio:

Financial Services 64.3%
Consumer Cyclical 12.4%
Real Estate 6.8%
Industrials 6.6%
Energy 3.9%


These are the top 5 holdings of Bruce Berkowitz

  1. American International Group Inc (AIG) - 85,900,077 shares, 42.4% of the total portfolio. Shares added by 0.04%
  2. Bank of America Corporation (BAC) - 100,589,215 shares, 15.6% of the total portfolio. Shares added by 0.08%
  3. Sears Holdings Corporation (SHLD) - 19,508,773 shares, 12.4% of the total portfolio. Shares added by 7.51%
  4. St. Joe Corporation (JOE) - 25,035,855 shares, 6.8% of the total portfolio. Shares reduced by 0.33%
  5. Leucadia National Corporation (LUK) - 18,770,478 shares, 6.6% of the total portfolio. Shares added by 4.72%


New Purchase: Chesapeake Energy Corp (CHK)

Bruce Berkowitz initiated holdings in Chesapeake Energy Corp. His purchase prices were between $16.6 and $22.52, with an estimated average price of $19.57. The impact to his portfolio due to this purchase was 3.5%. His holdings were 13,373,700 shares as of 03/31/2013.

New Purchase: Canadian Natural Resources Ltd (CNQ)

Bruce Berkowitz initiated holdings in Canadian Natural Resources Ltd. His purchase prices were between $28.87 and $32.93, with an estimated average price of $30.71. The impact to his portfolio due to this purchase was 0.45%. His holdings were 1,101,800 shares as of 03/31/2013.

New Purchase: Genworth Financial Inc (GNW)

Bruce Berkowitz initiated holdings in Genworth Financial Inc. His purchase prices were between $7.51 and $10.51, with an estimated average price of $9.16. The impact to his portfolio due to this purchase was 0.11%. His holdings were 898,800 shares as of 03/31/2013.

Sold Out: CIT Group Inc (CIT)

Bruce Berkowitz sold out his holdings in CIT Group Inc. His sale prices were between $38.64 and $44.72, with an estimated average price of $42.03.

Added: Berkshire Hathaway Inc (BRK.B)

Bruce Berkowitz added to his holdings in Berkshire Hathaway Inc by 95.13%. His purchase prices were between $89.7 and $104.2, with an estimated average price of $98.85. The impact to his portfolio due to this purchase was 0.98%. His holdings were 1,530,975 shares as of 03/31/2013.

Added: Sears Holdings Corporation (SHLD)

Bruce Berkowitz added to his holdings in Sears Holdings Corporation by 7.51%. His purchase prices were between $40.16 and $52.49, with an estimated average price of $47. The impact to his portfolio due to this purchase was 0.87%. His holdings were 19,508,773 shares as of 03/31/2013.

Added: Leucadia National Corporation (LUK)

Bruce Berkowitz added to his holdings in Leucadia National Corporation by 4.72%. His purchase prices were between $23.145 and $27.43, with an estimated average price of $25.46. The impact to his portfolio due to this purchase was 0.3%. His holdings were 18,770,478 shares as of 03/31/2013.

Reduced: MBIA Inc (MBI)

Bruce Berkowitz reduced to his holdings in MBIA Inc by 26.05%. His sale prices were between $7.85 and $13.02, with an estimated average price of $9.99. The impact to his portfolio due to this sale was -1.25%. Bruce Berkowitz still held 31,425,820 shares as of 03/31/2013.

Reduced: Wells Fargo & Co (WFC)

Bruce Berkowitz reduced to his holdings in Wells Fargo & Co by 25.01%. His sale prices were between $34.18 and $38.2, with an estimated average price of $35.63. The impact to his portfolio due to this sale was -0.02%. Bruce Berkowitz still held 151,400 shares as of 03/31/2013.

Here is the complete portfolio of Bruce Berkowitz. Also check out:

1. Bruce Berkowitz's Undervalued Stocks

2. Bruce Berkowitz's Top Growth Companies, and

3. Bruce Berkowitz's High Yield stocks

4. Stocks that Bruce Berkowitz keeps buying


Rating: 4.6/5 (7 votes)

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