Bruce Berkowitz
Bruce Berkowitz | FAIRX
Mutual Fund
Fairholme Capital Management
Last update 2022-08-15 15 Stocks (2 new)
Value $1.21 Bil Turnover 2 %
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
EPD
Enterprise Products Partners LP2022-06-30Add
+0.74%
23.45 ($26.3) 28.47
$23.78
-9.58%
Add 11.41%
3,592,800.00
368,000.00
CMC
Commercial Metals Co2022-06-30Add
+0.59%
33.1 ($39.42) 46.14
$35.48
-9.99%
Add 10.44%
2,291,000.00
216,600.00
JOE
The St. Joe Co2022-06-30Reduce
-0.50%
38.27 ($50.01) 61.01
$32.03
-35.95%
Reduce -0.6%
24,469,790.00
-146,800.00
DHI
D.R. Horton Inc2022-06-30New Buy
+0.39%
60.56 ($70.35) 76.66
$67.35
-4.26%
New holding
71,000.00
71,000.00
ET
Energy Transfer LP2022-06-30Reduce
-0.37%
9.79 ($11.2) 12.31
$11.03
-1.52%
Reduce -68.17%
268,700.00
-575,500.00
C
Citigroup Inc2022-06-30Add
+0.11%
45.69 ($50.08) 54.09
$41.67
-16.79%
Add 20.31%
175,900.00
29,700.00
ORI
Old Republic International Corp2022-06-30Reduce
-0.08%
21.04 ($23.19) 26.32
$20.93
-9.75%
Reduce -14.82%
316,100.00
-55,000.00
SAFM
Sanderson Farms Inc2022-06-30Sold Out
-0.08%
183.84 ($195.62) 219.9
$204.00
4.28%
Sold Out
0
-7,000.00
BABA
Alibaba Group Holding Ltd2022-06-30Add
+0.07%
81.09 ($98.24) 119.62
$79.99
-18.58%
Add 98.9%
16,290.00
8,100.00
WFG
West Fraser Timber Co.Ltd2022-06-30New Buy
+0.07%
72.12 ($84.23) 94.26
$72.49
-13.94%
New holding
11,000.00
11,000.00
KMI
Kinder Morgan Inc2022-06-30Reduce
-0.01%
16.05 ($18.73) 20.14
$16.64
-11.16%
Reduce -1.44%
786,600.00
-11,500.00
BRK.B
Berkshire Hathaway Inc2022-06-30Add
0%
267.52 ($314.34) 353.1
$267.02
-15.05%
Add 0.35%
49,325.00
170.00
EPD
Enterprise Products Partners LP2022-03-31Add
+1.66%
22.64 ($24.26) 26.07
$23.78
-1.98%
Add 52.41%
3,224,800.00
1,108,900.00
JOE
The St. Joe Co2022-03-31Reduce
-1.60%
44.12 ($51.61) 60.93
$32.03
-37.94%
Reduce -1.88%
24,616,590.00
-470,900.00
ENB
Enbridge Inc2022-03-31Sold Out
-0.74%
38.97 ($42.78) 46.36
$37.10
-13.28%
Sold Out
0
-288,400.00
CMC
Commercial Metals Co2022-03-31Add
+0.73%
33.32 ($37.55) 43.55
$35.48
-5.51%
Add 17.1%
2,074,400.00
302,900.00
WMB
Williams Companies Inc2022-03-31Sold Out
-0.45%
26.5 ($30.53) 33.88
$28.63
-6.22%
Sold Out
0
-263,000.00
C
Citigroup Inc2022-03-31Add
+0.39%
53.4 ($61.89) 67.84
$41.67
-32.67%
Add 631%
146,200.00
126,200.00
ET
Energy Transfer LP2022-03-31Reduce
-0.36%
8.71 ($9.91) 11.53
$11.03
11.30%
Reduce -44.01%
844,200.00
-663,500.00
KMI
Kinder Morgan Inc2022-03-31Reduce
-0.26%
16.35 ($17.59) 19.09
$16.64
-5.40%
Reduce -24.03%
798,100.00
-252,500.00
LYB
LyondellBasell Industries NV2022-03-31Sold Out
-0.24%
93.03 ($99.74) 107.69
$75.28
-24.52%
Sold Out
0
-40,500.00
INTC
Intel Corp2022-03-31Add
+0.18%
44.4 ($49.59) 55.91
$25.77
-48.03%
Add 11.57%
588,400.00
61,000.00
WES
Western Midstream Partners LP2022-03-31Sold Out
-0.14%
22.57 ($24.67) 27.27
$25.16
1.99%
Sold Out
0
-98,800.00
WBA
Walgreens Boots Alliance Inc2022-03-31Add
+0.12%
44.77 ($49.22) 54.33
$31.40
-36.20%
Add 187.5%
69,000.00
45,000.00
DOW
Dow Inc2022-03-31Sold Out
-0.12%
56.62 ($60.33) 64.7
$43.93
-27.18%
Sold Out
0
-31,700.00
AAPL
Apple Inc2022-03-31Reduce
-0.11%
150.62 ($168.23) 182.01
$138.20
-17.85%
Reduce -69.7%
4,260.00
-9,800.00
SAFM
Sanderson Farms Inc2022-03-31New Buy
+0.08%
177.73 ($183.13) 189.98
$204.00
11.40%
New holding
7,000.00
7,000.00
ORI
Old Republic International Corp2022-03-31Reduce
-0.01%
24.25 ($25.81) 26.91
$20.93
-18.91%
Reduce -1.33%
371,100.00
-5,000.00
CMC
Commercial Metals Co2021-12-31Add
+1.52%
30.9 ($33.19) 36.41
$35.48
6.90%
Add 56.74%
1,771,500.00
641,300.00
EPD
Enterprise Products Partners LP2021-12-31Add
+0.75%
20.73 ($22.42) 24.69
$23.78
6.07%
Add 32.79%
2,115,900.00
522,500.00
JOE
The St. Joe Co2021-12-31Reduce
-0.53%
43.33 ($48.65) 53.52
$32.03
-34.16%
Reduce -0.62%
25,087,490.00
-155,600.00
WES
Western Midstream Partners LP2021-12-31Reduce
-0.46%
19.23 ($21.38) 23.64
$25.16
17.68%
Reduce -73.71%
98,800.00
-277,000.00
INTC
Intel Corp2021-12-31Add
+0.37%
47.89 ($51.07) 56
$25.77
-49.54%
Add 25.99%
527,400.00
108,800.00
ENB
Enbridge Inc2021-12-31Reduce
-0.33%
36.89 ($40.06) 43.3
$37.10
-7.39%
Reduce -26.2%
288,400.00
-102,400.00
LYB
LyondellBasell Industries NV2021-12-31New Buy
+0.24%
84.55 ($92.69) 99.46
$75.28
-18.78%
New holding
40,500.00
40,500.00
WMB
Williams Companies Inc2021-12-31Reduce
-0.14%
25.35 ($27.64) 29.55
$28.63
3.58%
Reduce -20.71%
263,000.00
-68,700.00
DOW
Dow Inc2021-12-31New Buy
+0.12%
52.76 ($56.99) 60.06
$43.93
-22.92%
New holding
31,700.00
31,700.00
KMI
Kinder Morgan Inc2021-12-31Add
+0.12%
15.24 ($16.62) 18.65
$16.64
0.12%
Add 12.38%
1,050,600.00
115,700.00
NTR
Nutrien Ltd2021-12-31Sold Out
-0.10%
65.93 ($70.11) 76.54
$83.38
18.93%
Sold Out
0
-20,000.00
C
Citigroup Inc2021-12-31New Buy
+0.08%
58.28 ($66.33) 72.53
$41.67
-37.18%
New holding
20,000.00
20,000.00
WBA
Walgreens Boots Alliance Inc2021-12-31New Buy
+0.08%
43.72 ($48.45) 52.25
$31.40
-35.19%
New holding
24,000.00
24,000.00
ORI
Old Republic International Corp2021-12-31Add
+0.07%
23.24 ($24.86) 26.34
$20.93
-15.81%
Add 13.59%
376,100.00
45,000.00
BABA
Alibaba Group Holding Ltd2021-12-31Reduce
-0.03%
111.96 ($145.1) 177.7
$79.99
-44.87%
Reduce -22.59%
8,190.00
-2,390.00
BRK.B
Berkshire Hathaway Inc2021-12-31Reduce
-0.02%
273.64 ($286.71) 300.17
$267.02
-6.87%
Reduce -1.61%
49,155.00
-805.00
ET
Energy Transfer LP2021-12-31Add
+0.01%
8.15 ($9.06) 10.19
$11.03
21.74%
Add 1.24%
1,507,700.00
18,500.00
EPD
Enterprise Products Partners LP2021-09-30Add
+2.65%
21.3 ($22.74) 24.6
$23.78
4.57%
Add 2024.53%
1,593,400.00
1,518,400.00
JOE
The St. Joe Co2021-09-30Reduce
-1.77%
40.87 ($44.09) 47.03
$32.03
-27.35%
Reduce -1.95%
25,243,090.00
-502,467.00
CMC
Commercial Metals Co2021-09-30Add
+1.40%
29.58 ($31.83) 36.23
$35.48
11.47%
Add 102.51%
1,130,200.00
572,100.00
INTC
Intel Corp2021-09-30Add
+1.12%
52.01 ($54.24) 56.87
$25.77
-52.49%
Add 165.78%
418,600.00
261,100.00
VST
Vistra Corp2021-09-30Sold Out
-0.81%
16.77 ($18.5) 19.47
$21.00
13.51%
Sold Out
0
-552,900.00
ET
Energy Transfer LP2021-09-30Add
+0.36%
8.73 ($9.62) 10.71
$11.03
14.66%
Add 44.69%
1,489,200.00
460,000.00
KMI
Kinder Morgan Inc2021-09-30Add
+0.36%
15.68 ($17) 18.67
$16.64
-2.12%
Add 40.12%
934,900.00
267,700.00
WES
Western Midstream Partners LP2021-09-30Reduce
-0.19%
18.34 ($19.96) 21.94
$25.16
26.05%
Reduce -22.72%
375,800.00
-110,500.00
ORI
Old Republic International Corp2021-09-30Add
+0.17%
22.52 ($24.76) 26.45
$20.93
-15.47%
Add 37.33%
331,100.00
90,000.00
ENB
Enbridge Inc2021-09-30Add
+0.11%
37.31 ($39.47) 40.69
$37.10
-6.00%
Add 9.84%
390,800.00
35,000.00
NTR
Nutrien Ltd2021-09-30New Buy
+0.10%
57.51 ($61.13) 66.26
$83.38
36.40%
New holding
20,000.00
20,000.00
WMB
Williams Companies Inc2021-09-30Add
+0.06%
23.89 ($25.2) 26.94
$28.63
13.61%
Add 8.86%
331,700.00
27,000.00
CMC
Commercial Metals Co2021-06-30New Buy
+1.35%
28.22 ($30.99) 33.91
$35.48
14.49%
New holding
558,100.00
558,100.00
T
AT&T Inc2021-06-30Sold Out
-1.00%
28.65 ($30.11) 32.63
$15.34
-49.05%
Sold Out
0
-398,800.00
CVS
CVS Health Corp2021-06-30Sold Out
-0.91%
73.79 ($81.74) 89.81
$95.37
16.67%
Sold Out
0
-147,000.00
INTC
Intel Corp2021-06-30New Buy
+0.70%
53.62 ($58.84) 68.26
$25.77
-56.20%
New holding
157,500.00
157,500.00
VZ
Verizon Communications Inc2021-06-30Sold Out
-0.37%
55.82 ($57.4) 59.52
$37.97
-33.85%
Sold Out
0
-76,900.00
TRP
TC Energy Corp2021-06-30Sold Out
-0.23%
45.75 ($49.93) 53.21
$40.29
-19.31%
Sold Out
0
-60,600.00
BABA
Alibaba Group Holding Ltd2021-06-30New Buy
+0.19%
206.08 ($222.15) 244.01
$79.99
-63.99%
New holding
10,580.00
10,580.00
EPD
Enterprise Products Partners LP2021-06-30New Buy
+0.14%
22.02 ($23.62) 25.44
$23.78
0.68%
New holding
75,000.00
75,000.00
WES
Western Midstream Partners LP2021-06-30Reduce
-0.11%
18.59 ($20.66) 23.35
$25.16
21.78%
Reduce -12.63%
486,300.00
-70,300.00
AAPL
Apple Inc2021-06-30Add
+0.10%
122.15 ($129.28) 136.96
$138.20
6.90%
Add 230.05%
14,060.00
9,800.00
VST
Vistra Corp2021-06-30Add
+0.09%
15.92 ($17.26) 18.81
$21.00
21.67%
Add 12.17%
552,900.00
60,000.00
ENB
Enbridge Inc2021-06-30Add
+0.04%
36.4 ($38.63) 40.78
$37.10
-3.96%
Add 4.1%
355,800.00
14,000.00
JOE
The St. Joe Co2021-03-31Reduce
-2.35%
41.61 ($47.9) 55.3
$32.03
-33.13%
Reduce -2.59%
25,745,557.00
-684,800.00
BAC
Bank of America Corp2021-03-31Sold Out
-1.19%
29.65 ($34.49) 38.99
$30.20
-12.44%
Sold Out
0
-483,500.00
CNQ
Canadian Natural Resources Ltd2021-03-31Sold Out
-0.93%
22.58 ($27.6) 32.41
$46.57
68.73%
Sold Out
0
-475,300.00
VST
Vistra Corp2021-03-31New Buy
+0.72%
16.43 ($19.9) 23.83
$21.00
5.53%
New holding
492,900.00
492,900.00
CINF
Cincinnati Financial Corp2021-03-31Sold Out
-0.68%
83.7 ($95.79) 108.93
$89.57
-6.49%
Sold Out
0
-96,700.00
WMB
Williams Companies Inc2021-03-31New Buy
+0.60%
20.1 ($22.72) 24.56
$28.63
26.01%
New holding
304,700.00
304,700.00
VZ
Verizon Communications Inc2021-03-31New Buy
+0.37%
54.15 ($56.4) 59.29
$37.97
-32.68%
New holding
76,900.00
76,900.00
ENB
Enbridge Inc2021-03-31Add
+0.26%
31.97 ($35.14) 37.2
$37.10
5.58%
Add 33.05%
341,800.00
84,900.00
TRP
TC Energy Corp2021-03-31New Buy
+0.23%
40.84 ($44.35) 47.74
$40.29
-9.15%
New holding
60,600.00
60,600.00
CVS
CVS Health Corp2021-03-31Add
+0.22%
68.13 ($72.86) 76.3
$95.37
30.89%
Add 32.31%
147,000.00
35,900.00
ORI
Old Republic International Corp2021-03-31Reduce
-0.22%
17.98 ($20.03) 22.43
$20.93
4.49%
Reduce -36.4%
241,100.00
-138,000.00
BRK.B
Berkshire Hathaway Inc2021-03-31Reduce
-0.18%
227.36 ($242.84) 263.99
$267.02
9.96%
Reduce -15.96%
49,960.00
-9,490.00
MO
Altria Group Inc2021-03-31Sold Out
-0.18%
40.76 ($44.79) 52.5
$40.38
-9.85%
Sold Out
0
-54,200.00
ET
Energy Transfer LP2021-03-31Add
+0.16%
6.1 ($7.29) 8.58
$11.03
51.30%
Add 31.39%
1,029,200.00
245,900.00
EPD
Enterprise Products Partners LP2021-03-31Sold Out
-0.15%
19.29 ($21.98) 23.7
$23.78
8.19%
Sold Out
0
-95,000.00
MMP
Magellan Midstream Partners LP2021-03-31Sold Out
-0.14%
40.34 ($43.69) 46.52
$47.51
8.74%
Sold Out
0
-40,900.00
PAA
Plains All American Pipeline LP2021-03-31Sold Out
-0.14%
8.18 ($9.13) 10.52
$10.52
15.22%
Sold Out
0
-213,000.00
PM
Philip Morris International Inc2021-03-31Sold Out
-0.09%
79.06 ($84.94) 90.99
$83.01
-2.27%
Sold Out
0
-14,100.00
KMI
Kinder Morgan Inc2021-03-31Add
+0.05%
13.56 ($15.26) 16.8
$16.64
9.04%
Add 5.57%
667,200.00
35,200.00
T
AT&T Inc2021-03-31Add
+0.03%
27.89 ($29.27) 30.73
$15.34
-47.59%
Add 2.6%
398,800.00
10,100.00
BRK.B
Berkshire Hathaway Inc2020-12-31Reduce
-8.39%
200.7 ($220.33) 233.92
$267.02
21.19%
Reduce -81.22%
59,450.00
-257,145.00
KHC
The Kraft Heinz Co2020-12-31Sold Out
-1.22%
29.22 ($32.5) 35.21
$33.35
2.62%
Sold Out
0
-266,300.00
CINF
Cincinnati Financial Corp2020-12-31New Buy
+0.68%
70.74 ($79.86) 87.37
$89.57
12.16%
New holding
96,700.00
96,700.00
ENB
Enbridge Inc2020-12-31New Buy
+0.67%
27.44 ($30.44) 34.23
$37.10
21.88%
New holding
256,900.00
256,900.00
CVS
CVS Health Corp2020-12-31New Buy
+0.61%
55.93 ($65.16) 74.5
$95.37
46.36%
New holding
111,100.00
111,100.00
ORI
Old Republic International Corp2020-12-31New Buy
+0.60%
15.04 ($17.61) 19.71
$20.93
18.85%
New holding
379,100.00
379,100.00
SPG
Simon Property Group Inc2020-12-31Sold Out
-0.52%
60.76 ($76.52) 93.91
$89.75
17.29%
Sold Out
0
-52,200.00
KMI
Kinder Morgan Inc2020-12-31Add
+0.48%
11.48 ($13.4) 14.97
$16.64
24.18%
Add 221.46%
632,000.00
435,400.00
T
AT&T Inc2020-12-31Add
+0.37%
26.5 ($28.55) 31.46
$15.34
-46.27%
Add 69.37%
388,700.00
159,200.00
BAC
Bank of America Corp2020-12-31Add
+0.36%
23.47 ($26.85) 30.31
$30.20
12.48%
Add 43.3%
483,500.00
146,100.00
CNQ
Canadian Natural Resources Ltd2020-12-31Add
+0.36%
15.64 ($20.6) 25.23
$46.57
126.07%
Add 63.61%
475,300.00
184,800.00
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