Bruce Berkowitz
Bruce Berkowitz
Fairholme Capital Management
Last update 2018-10-19 12 Stocks (4 new)
Value $744.00 Mil Turnover 18 %
Top Holdings: JOE (66.19%) VSTO (10.52%) SHLD (5.55%) T (5.3%) VST (3.3%)
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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 ?an event that makes it likely the gap between market price and intrinsic value will narrow in a reasonable amount of time.

Bruce Berkowitz Total Holding History ($B)

Historical Allocation of Stock, Bonds, Cash

Performance of Fairholme Fund

YearReturn %S&P500 %Excess Gain %
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Commentaries and Stories
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Sears: What Went Wrong?
Sears is a catalog of disasters and there is no one major factor that can be blamed for the company's fall
1 Votes
138 Views    Rupert Hargreaves    2018-10-15 15:46
Sears Is Now Under $1; What I Said About It Two Years Ago in My Book “Invest Like a Guru”
My thoughts on the retailer as an investment
10 Votes
661 Views    GuruFocus    2018-09-28 19:15
Bruce Berkowitz’s Sears Falls Below $1
Gurus still own shares in 'low-quality' retailer
0 Votes
500 Views    James Li    2018-09-28 18:39
The St. Joe Co. Has Further to Fall
Bruce Berkowitz’s top holding is a ticking time bomb
2 Votes
182 Views    Jonathan Poland    2018-09-10 22:22
Vistra Energy Is a Super Investor Lovefest
Billionaire gurus are piling into the stock
0 Votes
181 Views    Jonathan Poland    2018-08-31 18:22
Berkowitz Sells 20% of Sears Near Historic Low
Price plunges as company seeks quick cash-generating deals
0 Votes
661 Views    Holly LaFon    2018-08-29 20:56
Behavioral Investing: Breaking the Case to Invest More Objectively
Exploring confirmation bias, and how we can avoid it when researching stocks
0 Votes
139 Views    Robert Abbott    2018-08-20 18:55
Bruce Berkowitz Updates Portfolio With 4 New Stocks
Fairholme Fund veers away from troubled assets that have crushed returns
0 Votes
1806 Views    Holly LaFon    2018-08-02 21:33
Bruce Berkowitz Comments on St. Joe
Guru stock highlight
0 Votes
68 Views    Holly LaFon    2018-08-01 15:15
Bruce Berkowitz Comments on Fannie Mae and Freddie Mac
Guru stock highlight
0 Votes
424 Views    Holly LaFon    2018-08-01 15:15

Top Ranked Articles
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Fairholme Allocation Fund Annual Report
4 Votes
1570 Views    Holly LaFon    2014-02-04 17:02
Bruce Berkowitz 2016 Investor Conference Call Transcript
Berkowitz goes through the details of his portfolio with investors
3 Votes
2371 Views    CanadianValue    2016-03-11 21:46
Bruce Berkowitz Gets a Win in Judicial Panel on Fannie Mae and Freddie Mac
Panel ruled in favor of plaintiffs
3 Votes
2830 Views    Holly LaFon    2016-06-07 16:43
Bruce Berkowitz Steps Down From Sears Board but Remains Invested
Berkowitz releases statement as shares plunge
3 Votes
925 Views    Holly LaFon    2017-10-17 22:18