Bruce Berkowitz

Bruce Berkowitz | FAIRX

Mutual Fund
Fairholme Capital Management
Last update 2023-11-14 8 Stocks (2 new)
Value $1.41 Bil Turnover 2 %
Countries:
Portfolio Report

Bruce Berkowitz Profile

Bruce Berkowitz is the founder and the Managing Member of the Fairholme Fund. Prior to forming Fairholme Capital Management, Mr. Berkowitz was a Managing Director of Smith Barney, Inc. from December of 1993 to October of 1997.

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 Portfolio and Latest Trades

Type:
Ticker
Company
Date
Action
Impact %
Price Range
Price
Price Change from Avrg%
Comment
Current Shares
Share Change
JOE
The St. Joe Co2023-09-30Reduce
-3.93%
●
48.45 ($57.76) 64.56
$53.91
-6.67%
Reduce -4.49%
22,711,748
-1,068,700
EPD
Enterprise Products Partners LP2023-09-30Add
+1.27%
●
26.25 ($26.75) 27.42
$26.33
-1.57%
Add 14.75%
5,064,200
651,000
CMC
Commercial Metals Co2023-09-30Sold Out
-0.52%
●
49.27 ($54.37) 57.86
$45.78
-15.80%
Sold Out
0
-128,800
OZK
Bank OZK2023-09-30New Buy
+0.39%
●
36.3 ($40.51) 44.67
$45.07
11.26%
New holding
147,500
147,500
BRK.B
Berkshire Hathaway Inc2023-09-30Reduce
-0.38%
●
340.9 ($354.77) 370.48
$353.08
-0.48%
Reduce -22.22%
51,273
-14,647
ET
Energy Transfer LP2023-09-30Sold Out
-0.26%
●
12.56 ($13.26) 14.03
$13.30
0.30%
Sold Out
0
-268,700
CMA
Comerica Inc2023-09-30Sold Out
-0.20%
●
39.95 ($47.42) 53.96
$49.97
5.38%
Sold Out
0
-61,700
KEY
KeyCorp2023-09-30Sold Out
-0.18%
●
9.43 ($11.07) 12.57
$13.26
19.78%
Sold Out
0
-257,900
USB
U.S. Bancorp2023-09-30Sold Out
-0.18%
●
32.47 ($36.43) 40.23
$40.43
10.98%
Sold Out
0
-73,600
HOMB
Home BancShares Inc2023-09-30New Buy
+0.15%
●
20.62 ($22.76) 24.98
$23.61
3.73%
New holding
103,400
103,400
AAPL
Apple Inc2023-09-30Reduce
-0.03%
●
170.43 ($183.38) 196.45
$195.71
6.72%
Reduce -43.66%
2,400
-1,860
WRB
WR Berkley Corp2023-09-30Reduce
-0.01%
●
58.93 ($62.14) 65.65
$71.33
14.79%
Reduce -2.29%
128,200
-3,000
CMC
Commercial Metals Co2023-06-30Reduce
-4.63%
●
42.75 ($46.69) 52.66
$45.78
-1.95%
Reduce -89.88%
128,800
-1,144,100
JOE
The St. Joe Co2023-06-30Reduce
-1.24%
●
40.18 ($43.54) 48.39
$53.91
23.82%
Reduce -1.5%
23,780,448
-361,000
WRB
WR Berkley Corp2023-06-30New Buy
+0.59%
●
55.68 ($59.02) 63.36
$71.33
20.86%
New holding
131,200
131,200
EPD
Enterprise Products Partners LP2023-06-30Add
+0.46%
●
25.27 ($26.13) 27.01
$26.33
0.77%
Add 5.51%
4,413,200
230,400
C
Citigroup Inc2023-06-30Sold Out
-0.32%
●
44.23 ($46.84) 50.4
$48.89
4.38%
Sold Out
0
-82,500
INTC
Intel Corp2023-06-30Sold Out
-0.26%
●
27.4 ($31.41) 36.37
$42.70
35.94%
Sold Out
0
-94,500
WBA
Walgreens Boots Alliance Inc2023-06-30Sold Out
-0.21%
●
28.37 ($32.61) 36.31
$23.16
-28.98%
Sold Out
0
-74,000
CMA
Comerica Inc2023-06-30New Buy
+0.20%
●
31.21 ($40.46) 47.09
$49.97
23.50%
New holding
61,700
61,700
USB
U.S. Bancorp2023-06-30New Buy
+0.18%
●
28.68 ($32.38) 36.05
$40.43
24.86%
New holding
73,600
73,600
KEY
KeyCorp2023-06-30New Buy
+0.18%
●
8.93 ($10.47) 12.52
$13.26
26.65%
New holding
257,900
257,900
BRK.B
Berkshire Hathaway Inc2023-06-30Add
+0.16%
●
308.77 ($326.09) 341
$353.08
8.28%
Add 10.67%
65,920
6,355
MMP Magellan Midstream Partners LP2023-06-30Sold Out
-0.13%
●
53.83 ($58.31) 62.67
$69.00
18.33%
Sold Out
0
-28,600
CMC
Commercial Metals Co2023-03-31Reduce
-3.86%
●
43.24 ($51.8) 57.11
$45.78
-11.62%
Reduce -42.87%
1,272,900
-955,300
ORI
Old Republic International Corp2023-03-31Sold Out
-0.64%
●
23.43 ($25.17) 26.7
$28.99
15.18%
Sold Out
0
-316,100
JOE
The St. Joe Co2023-03-31Reduce
-0.48%
●
38.84 ($42.82) 47.67
$53.91
25.90%
Reduce -0.61%
24,141,448
-147,000
INTC
Intel Corp2023-03-31Reduce
-0.40%
●
24.9 ($28.33) 32.67
$42.70
50.72%
Reduce -65.92%
94,500
-182,800
C
Citigroup Inc2023-03-31Reduce
-0.34%
●
43.11 ($49.07) 52.35
$48.89
-0.37%
Reduce -52.15%
82,500
-89,900
MMP Magellan Midstream Partners LP2023-03-31New Buy
+0.13%
●
50.18 ($52.99) 54.7
$69.00
30.21%
New holding
28,600
28,600
EPD
Enterprise Products Partners LP2023-03-31Add
+0.09%
●
24.23 ($25.69) 26.78
$26.33
2.49%
Add 0.97%
4,182,800
40,000
BRK.B
Berkshire Hathaway Inc2023-03-31Reduce
-0.06%
●
293.51 ($308.18) 320.37
$353.08
14.57%
Reduce -3.86%
59,565
-2,390
BABA
Alibaba Group Holding Ltd2023-03-31Sold Out
-0.06%
●
81 ($100.17) 120.57
$72.14
-27.98%
Sold Out
0
-7,610
BRK.B
Berkshire Hathaway Inc2022-12-31Reduce
-0.92%
●
264 ($296.98) 318.6
$353.08
18.89%
Reduce -36.47%
61,955
-35,570
INTC
Intel Corp2022-12-31Reduce
-0.77%
●
25.04 ($27.77) 30.71
$42.70
53.76%
Reduce -52.62%
277,300
-308,000
KMI
Kinder Morgan Inc2022-12-31Sold Out
-0.57%
●
17.05 ($17.99) 19.15
$17.70
-1.61%
Sold Out
0
-355,200
JOE
The St. Joe Co2022-12-31Reduce
-0.56%
●
32.06 ($35.8) 39.17
$53.91
50.59%
Reduce -0.74%
24,288,448
-181,342
CMC
Commercial Metals Co2022-12-31Reduce
-0.52%
●
37.57 ($45.85) 49.81
$45.78
-0.15%
Reduce -6.29%
2,228,200
-149,600
EPD
Enterprise Products Partners LP2022-12-31Add
+0.52%
●
23.39 ($24.62) 25.5
$26.33
6.95%
Add 6.7%
4,142,800
260,000
BABA
Alibaba Group Holding Ltd2022-12-31Reduce
-0.06%
●
63.15 ($78.85) 94.17
$72.14
-8.51%
Reduce -50.9%
7,610
-7,890
C
Citigroup Inc2022-12-31Reduce
-0.01%
●
40.45 ($45.43) 50.19
$48.89
7.62%
Reduce -0.98%
172,400
-1,700
BRK.B
Berkshire Hathaway Inc2022-09-30Add
+1.25%
●
264.32 ($284.56) 306.65
$353.08
24.08%
Add 97.72%
97,525
48,200
EPD
Enterprise Products Partners LP2022-09-30Add
+0.67%
●
22.91 ($25.8) 27.31
$26.33
2.05%
Add 8.07%
3,882,800
290,000
KMI
Kinder Morgan Inc2022-09-30Reduce
-0.60%
●
16.09 ($17.78) 19.26
$17.70
-0.45%
Reduce -54.84%
355,200
-431,400
DHI
D.R. Horton Inc2022-09-30Sold Out
-0.39%
●
67.35 ($73.57) 79.72
$138.46
88.20%
Sold Out
0
-71,000
CMC
Commercial Metals Co2022-09-30Add
+0.30%
●
32.77 ($38.59) 43.85
$45.78
18.63%
Add 3.79%
2,377,800
86,800
WFG
West Fraser Timber Co.Ltd2022-09-30Sold Out
-0.07%
●
70.04 ($86.75) 101.99
$75.31
-13.19%
Sold Out
0
-11,000
WBA
Walgreens Boots Alliance Inc2022-09-30Add
+0.02%
●
31.4 ($37.05) 42.04
$23.16
-37.49%
Add 7.25%
74,000
5,000
C
Citigroup Inc2022-09-30Reduce
-0.01%
●
41.67 ($49.4) 54.38
$48.89
-1.03%
Reduce -1.02%
174,100
-1,800
INTC
Intel Corp2022-09-30Reduce
-0.01%
●
25.77 ($34.09) 40.61
$42.70
25.26%
Reduce -0.53%
585,300
-3,100
BABA
Alibaba Group Holding Ltd2022-09-30Reduce
-0.01%
●
77.87 ($95.27) 122.39
$72.14
-24.28%
Reduce -4.85%
15,500
-790
EPD
Enterprise Products Partners LP2022-06-30Add
+0.74%
●
23.45 ($26.3) 28.47
$26.33
0.11%
Add 11.41%
3,592,800
368,000
CMC
Commercial Metals Co2022-06-30Add
+0.59%
●
33.1 ($39.42) 46.14
$45.78
16.13%
Add 10.44%
2,291,000
216,600
JOE
The St. Joe Co2022-06-30Reduce
-0.50%
●
38.27 ($50.01) 61.01
$53.91
7.80%
Reduce -0.6%
24,469,790
-146,800
DHI
D.R. Horton Inc2022-06-30New Buy
+0.39%
●
60.56 ($70.35) 76.66
$138.46
96.82%
New holding
71,000
71,000
ET
Energy Transfer LP2022-06-30Reduce
-0.37%
●
9.79 ($11.2) 12.31
$13.30
18.75%
Reduce -68.17%
268,700
-575,500
C
Citigroup Inc2022-06-30Add
+0.11%
●
45.69 ($50.08) 54.09
$48.89
-2.38%
Add 20.31%
175,900
29,700
ORI
Old Republic International Corp2022-06-30Reduce
-0.08%
●
21.04 ($23.19) 26.32
$28.99
25.01%
Reduce -14.82%
316,100
-55,000
SAFM
Sanderson Farms Inc2022-06-30Sold Out
-0.08%
●
183.84 ($195.62) 219.9
$204.00
4.28%
Sold Out
0
-7,000
BABA
Alibaba Group Holding Ltd2022-06-30Add
+0.07%
●
81.09 ($98.24) 119.62
$72.14
-26.57%
Add 98.9%
16,290
8,100
WFG
West Fraser Timber Co.Ltd2022-06-30New Buy
+0.07%
●
72.12 ($84.23) 94.26
$75.31
-10.59%
New holding
11,000
11,000
KMI
Kinder Morgan Inc2022-06-30Reduce
-0.01%
●
16.05 ($18.73) 20.14
$17.70
-5.50%
Reduce -1.44%
786,600
-11,500
BRK.B
Berkshire Hathaway Inc2022-06-30Add
0%
●
267.52 ($314.34) 353.1
$353.08
12.32%
Add 0.35%
49,325
170
EPD
Enterprise Products Partners LP2022-03-31Add
+1.66%
●
22.64 ($24.26) 26.07
$26.33
8.53%
Add 52.41%
3,224,800
1,108,900
JOE
The St. Joe Co2022-03-31Reduce
-1.60%
●
44.12 ($51.61) 60.93
$53.91
4.46%
Reduce -1.88%
24,616,590
-470,900
ENB
Enbridge Inc2022-03-31Sold Out
-0.74%
●
38.97 ($42.78) 46.36
$34.92
-18.37%
Sold Out
0
-288,400
CMC
Commercial Metals Co2022-03-31Add
+0.73%
●
33.32 ($37.55) 43.55
$45.78
21.92%
Add 17.1%
2,074,400
302,900
WMB
Williams Companies Inc2022-03-31Sold Out
-0.45%
●
26.5 ($30.53) 33.88
$35.52
16.34%
Sold Out
0
-263,000
C
Citigroup Inc2022-03-31Add
+0.39%
●
53.4 ($61.89) 67.84
$48.89
-21.01%
Add 631%
146,200
126,200
ET
Energy Transfer LP2022-03-31Reduce
-0.36%
●
8.71 ($9.91) 11.53
$13.30
34.21%
Reduce -44.01%
844,200
-663,500
KMI
Kinder Morgan Inc2022-03-31Reduce
-0.26%
●
16.35 ($17.59) 19.09
$17.70
0.63%
Reduce -24.03%
798,100
-252,500
LYB
LyondellBasell Industries NV2022-03-31Sold Out
-0.24%
●
93.03 ($99.74) 107.69
$92.58
-7.18%
Sold Out
0
-40,500
INTC
Intel Corp2022-03-31Add
+0.18%
●
44.4 ($49.59) 55.91
$42.70
-13.89%
Add 11.57%
588,400
61,000
WES
Western Midstream Partners LP2022-03-31Sold Out
-0.14%
●
22.57 ($24.67) 27.27
$27.84
12.85%
Sold Out
0
-98,800
DOW
Dow Inc2022-03-31Sold Out
-0.12%
●
56.62 ($60.33) 64.7
$50.92
-15.60%
Sold Out
0
-31,700
WBA
Walgreens Boots Alliance Inc2022-03-31Add
+0.12%
●
44.77 ($49.22) 54.33
$23.16
-52.95%
Add 187.5%
69,000
45,000
AAPL
Apple Inc2022-03-31Reduce
-0.11%
●
150.62 ($168.23) 182.01
$195.71
16.33%
Reduce -69.7%
4,260
-9,800
SAFM
Sanderson Farms Inc2022-03-31New Buy
+0.08%
●
177.73 ($183.13) 189.98
$204.00
11.40%
New holding
7,000
7,000
ORI
Old Republic International Corp2022-03-31Reduce
-0.01%
●
24.25 ($25.81) 26.91
$28.99
12.32%
Reduce -1.33%
371,100
-5,000
CMC
Commercial Metals Co2021-12-31Add
+1.52%
●
30.9 ($33.19) 36.41
$45.78
37.93%
Add 56.74%
1,771,500
641,300
EPD
Enterprise Products Partners LP2021-12-31Add
+0.75%
●
20.73 ($22.42) 24.69
$26.33
17.44%
Add 32.79%
2,115,900
522,500
JOE
The St. Joe Co2021-12-31Reduce
-0.53%
●
43.33 ($48.65) 53.52
$53.91
10.81%
Reduce -0.62%
25,087,490
-155,600
WES
Western Midstream Partners LP2021-12-31Reduce
-0.46%
●
19.23 ($21.38) 23.64
$27.84
30.22%
Reduce -73.71%
98,800
-277,000
INTC
Intel Corp2021-12-31Add
+0.37%
●
47.89 ($51.07) 56
$42.70
-16.39%
Add 25.99%
527,400
108,800
ENB
Enbridge Inc2021-12-31Reduce
-0.33%
●
36.89 ($40.06) 43.3
$34.92
-12.83%
Reduce -26.2%
288,400
-102,400
LYB
LyondellBasell Industries NV2021-12-31New Buy
+0.24%
●
84.55 ($92.69) 99.46
$92.58
-0.12%
New holding
40,500
40,500
WMB
Williams Companies Inc2021-12-31Reduce
-0.14%
●
25.35 ($27.64) 29.55
$35.52
28.51%
Reduce -20.71%
263,000
-68,700
DOW
Dow Inc2021-12-31New Buy
+0.12%
●
52.76 ($56.99) 60.06
$50.92
-10.65%
New holding
31,700
31,700
KMI
Kinder Morgan Inc2021-12-31Add
+0.12%
●
15.24 ($16.62) 18.65
$17.70
6.50%
Add 12.38%
1,050,600
115,700
NTR
Nutrien Ltd2021-12-31Sold Out
-0.10%
●
65.93 ($70.11) 76.54
$54.42
-22.38%
Sold Out
0
-20,000
C
Citigroup Inc2021-12-31New Buy
+0.08%
●
58.28 ($66.33) 72.53
$48.89
-26.29%
New holding
20,000
20,000
WBA
Walgreens Boots Alliance Inc2021-12-31New Buy
+0.08%
●
43.72 ($48.45) 52.25
$23.16
-52.20%
New holding
24,000
24,000
ORI
Old Republic International Corp2021-12-31Add
+0.07%
●
23.24 ($24.86) 26.34
$28.99
16.61%
Add 13.59%
376,100
45,000
BABA
Alibaba Group Holding Ltd2021-12-31Reduce
-0.03%
●
111.96 ($145.1) 177.7
$72.14
-50.28%
Reduce -22.59%
8,190
-2,390
BRK.B
Berkshire Hathaway Inc2021-12-31Reduce
-0.02%
●
273.64 ($286.71) 300.17
$353.08
23.15%
Reduce -1.61%
49,155
-805
ET
Energy Transfer LP2021-12-31Add
+0.01%
●
8.15 ($9.06) 10.19
$13.30
46.80%
Add 1.24%
1,507,700
18,500
100/Page
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