Bruce Berkowitz Buys Phelps Dodge Corp., Sells MDC Holdings Inc., Ethan Allen Interiors Inc., Williams Companies Inc.

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Aug 12, 2006
Bruce Berkowitz of the Fairholme Fund buys Phelps Dodge Corp., sells MDC Holdings Inc., Ethan Allen Interiors Inc., Williams Companies Inc., Commerce Group Inc., Dominion Resources Inc. during the 3-months ended 06/30/2006, according to the most recent filings of his investment company. During the 12-month period ended 7/31, his Fairholme fund returned 15.48%, while the S&P500 gained only 5.38%. These are the details of his purchases and sales.


Added: Canadian Natural Resources Limited Common Shares (CNQ, Financial)


Bruce Berkowitz added to his holdings in Exploration & Production company Canadian Natural Resources Limited Common Shares by 48.64%. His purchase prices were between $48.5 and $63.13, with an estimated average price of $55.2. The impact to his portfolio due to this purchase was 5.85%. His holdings was 8,556,368 shares as of 06/30/2006. Canadian Natural Resources Limited Common Shares closed today at $54.48.


Added: BerkshireHathaway Inc. CL A (BRK-A)


Bruce Berkowitz added to his holdings in Property & Casualty Insurance company BerkshireHathaway Inc. CL A by 31.49%. His purchase prices were between $86600 and $92500, with an estimated average price of $90168.2. The impact to his portfolio due to this purchase was 5.21%. His holdings was 6,289 shares as of 06/30/2006. BerkshireHathaway Inc. CL A closed today at $93100.


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