 | |
Bruce Berkowitz | FAIRXMutual Fund | |
| Fairholme Capital Management | |
| Last update 2026-06-23 | 10 Stocks (2 new) |
| Value $1.51 Bil | Turnover 1 % |
Bruce Berkowitz Investing Philosophy
Bruce Berkowitz concentrates his investments in a relatively small number of companies. He thinks that the more diversified the portfolio, the more likely the performance will be average. He likes companies with great managers, and deeply undervalued stocks. Benjamin Graham's "The Intelligent Investor" serves as the inspiration for Berkowitz' investment strategy. He focuses investments on companies that have exceptional management, that generate free cash, and that are cheaply priced. Berkowitz will also invest in mediocre companies that are trading at a significant discount to intrinsic value where there exists a catalyst event that makes it likely the gap between market price and intrinsic value will narrow in a reasonable amount of time.
Bruce Berkowitz Top Holdings of 2026-03-31
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| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JOE | The St. Joe Co | 19,210,167 | 1,206,398.5 | -1.09% | 79.670 | -0.88% | 33.460 | +8.34% | +12.89% | 3,829.2 | Real Estate | |
EPD | Enterprise Products Partners LP | 5,455,800 | 206,447.5 | +0.10% | 13.630 | +0.01% | 0.250 | -3.62% | +17.30% | 78,914.3 | Oil & Gas | |
OZK | Bank OZK | 921,252 | 42,276.3 | +0.83% | 2.790 | +0.02% | 0.840 | +15.25% | +13.02% | 5,568.6 | Banks | |
BRK.B | Berkshire Hathaway Inc | 50,452 | 24,176.6 | +5.08% | 1.600 | +0.08% | 0.000 | +3.34% | -1.46% | 1,067,635.4 | Insurance | |
WRB | WR Berkley Corp | 256,350 | 16,990.9 | -1.46% | 1.120 | -0.02% | 0.070 | +8.86% | +1.09% | 26,118.9 | Insurance | |
PGR | Progressive Corp | 66,400 | 13,163.1 | +159.38% | 0.870 | +0.53% | 0.010 | +6.99% | +3.03% | 128,375.1 | Insurance | |
KHC | The Kraft Heinz Co | 105,300 | 2,368.2 | New Holding | 0.160 | +0.16% | 0.010 | +9.76% | -1.88% | 27,255.1 | Consumer Packaged Goods | |
BRK.A | Berkshire Hathaway Inc | 2 | 1,436.3 | +100.00% | 0.090 | +0.05% | 0.000 | +3.53% | -1.48% | 1,070,594.7 | Insurance | |
AAPL | Apple Inc | 2,400 | 609.1 | 0% | 0.040 | 0% | 0.000 | +17.32% | +8.69% | 4,332,035.6 | Hardware | |
HOMB | Home BancShares Inc | 12,100 | 325.9 | New Holding | 0.020 | +0.02% | 0.010 | +8.33% | +4.45% | 5,757.4 | Banks |
Bruce Berkowitz's Historical Top Holdings Breakdowns
Bruce Berkowitz's Top Stock Picks
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| Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
|---|---|---|---|---|---|---|---|---|---|---|---|
JOE | The St. Joe Co | 2026-03-31 | Reduce Reduce | -0.88% | 59.81 ($66.93) 72.79 | $66.70 | -0.34% | Reduce -1.09% | 19,210,167 | -212,300 | |
PGR | Progressive Corp | 2026-03-31 | Add Add | +0.53% | 198.24 ($206.39) 216.5 | $220.50 | 6.84% | Add 159.38% | 66,400 | 40,800 | |
CF | CF Industries Holdings Inc | 2026-03-31 | Sold Out Sold Out | -0.30% | 77.49 ($101.98) 137.6 | $102.77 | 0.77% | Sold Out | 0 | -54,700 | |
OXY | Occidental Petroleum Corp | 2026-03-31 | Sold Out Sold Out | -0.20% | 40.99 ($50.29) 66.24 | $50.84 | 1.08% | Sold Out | 0 | -69,100 | |
ET | Energy Transfer LP | 2026-03-31 | Sold Out Sold Out | -0.19% | 16.25 ($18.31) 19.67 | $18.93 | 3.39% | Sold Out | 0 | -166,600 | |
KHC | The Kraft Heinz Co | 2026-03-31 | New Buy New Buy | +0.16% | 21.21 ($23.52) 24.99 | $22.98 | -2.27% | New holding | 105,300 | 105,300 | |
TGT | Target Corp | 2026-03-31 | Sold Out Sold Out | -0.16% | 100.51 ($112.75) 121.2 | $140.71 | 24.80% | Sold Out | 0 | -23,000 | |
NRP | Natural Resources Partners LP | 2026-03-31 | Sold Out Sold Out | -0.09% | 104.01 ($118.54) 125.41 | $99.83 | -15.78% | Sold Out | 0 | -12,000 | |
BRK.B | Berkshire Hathaway Inc | 2026-03-31 | Add Add | +0.08% | 468.49 ($490.9) 508.09 | $495.33 | 0.90% | Add 5.08% | 50,452 | 2,440 | |
BRK.A | Berkshire Hathaway Inc | 2026-03-31 | Add Add | +0.05% | 703700 ($736359) 762570 | $743,628.35 | 0.99% | Add 100% | 2 | 1 |
Bruce Berkowitz Total Holding History ($B)
Bruce Berkowitz's Asset Allocation
Bruce Berkowitz Past Portfolios
| Portfolio Date | Number of Stocks | New Stocks | Total Value ($Mil) | Q/Q Turnover |
|---|---|---|---|---|
Top Ranked Articles
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Bruce Berkowitz's Hypothetical Growth since 2026-03-31
Bruce Berkowitz's Yearly Returns
This information is only displayed for Gurus who publicly disclose audited performance records; most hedge funds and private investment firms do not publish such data or only provide limited historical performance information.
| Year | Portfolio % | % | Excess Gain % |
|---|
Bruce Berkowitz's Holdings Heat Map
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Bruce Berkowitz's Holdings Bubble Chart
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