Fairholme Focused Income Fund Premium Guru

Last Update: 02-03-2012
Related: Bruce Berkowitz
Fairholme Fund

Number of Stocks: 11
Number of New Stocks: 0

Total Value: $7,931 Mil
Q/Q Turnover: 14%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Fairholme Focused Income Fund' s Profile & Performance


Fairholme Focused Income Fund is run by Bruce Berkowitz, the best investor among the younger generation. GuruFocus tracks Bruce Berkowitz under two other Guru Names. One is "Bruce Berkowitz", which tracks the SEC filings of Fairholme Capital Management. The other is "Fairholme Fund", which tracks the stock holdings of Bruce Berkowitz's flagship fund.

Investing Philosophy

The Fairholme Focused Income Fund seeks current income, other forms of cash distributions and capital preservation. The Fund attempts to achieve this objective by investing in a focused portfolio of cash distributing securities. To maintain maximum flexibility, the securities in which the Fund may invest include, but are not limited to, corporate debt securities of issuers in the U.S. and foreign countries, government and agency debt securities of U.S. and foreign countries, bank loans and loan participations, convertible bonds and other convertible securities, and equity securities, including preferred and common stock. The Fund will use Fairholme's focused, multi-sector, multi-strategy, value-based approach.

Total Holding History

Commentaries and Stories

  • Currently 2.82/5

Rating: 2.8/5 (11 votes)

Fairholme Focused Income Fund Buys Financials: BAC, C
Fairholme Focused Income Fund is managed by Bruce Berkowitz, one of the best investors among the newer generation. Voted as the Domestic-Stock Fund Manager of the Decade in 2009, Berkowitz is known for his relatively concentrated portfolio. He holds a relatively small number of companies, believing that the more diversified the portfolio, the more likely that the performance will be average. He targets deeply undervalued stocks with proficient management and strong free cash flow. His Fairholme Focused Income Fund seeks current income, other forms of cash distributions, and capital preservation. To meet these objectives, the fund invests in a focused portfolio of cash distributing securities and has the flexibility to invest in numerous different securities, including corporate debt securities, government debt securities, bank loans, convertible bonds, and equity securities. The fund follows Fairholme's focused, multi-sector, value-based More...


  • Currently 2.22/5

Rating: 2.2/5 (9 votes)

Fairholme Focused Income Fund Buys BAC, C, LLY, AZN, GSK, BMY; Sells VZ, T
Fairholme Focused Income Fund added to its holdings in Eli Lilly & Co. by 22.22%. The impact to his portfolio due to this purchase was 1.01%. His holdings were 209,000 shares as of May 31, 2011. More...

  • Currently 4.23/5

Rating: 4.2/5 (39 votes)

Bruce Berkowitz Details His Thesis On BAC
Bruce Berkowitz detailed his investing thesis on Bank of America (NYSE:BAC) in a speech given at AAII in June. He is confident with Bank of America and his other positions in AIG (NYSE:AIG) and MBIA (NYSE:MBI). As of March 31, Bruce Berkowitz’s firm Fairholme Capital Management owns more than 92 million share of Bank of America. His average cost is around $15 a share. He has lost one third of his investment on Bank of America. More...

  • Currently 3.38/5

Rating: 3.4/5 (8 votes)

Fairholme Focused Income Fund Buys Telephone Companies and Big Pharmas: T, TEF, AZN, GSK, BMY, LLY
Fairholme Focused Income Fund buys heavily into telephone companies and pharmaceuticals to generate yield for the fund. It bought into Telefonica S.A. (NYSE:TEF), Astrazeneca Plc (NYSE:AZN), Glaxosmithkline Plc (NYSE:GSK), Bristolmyers Squibb Co. (NYSE:BMY), Eli Lilly & Co. (NYSE:LLY), AT&T Inc. (NYSE:T), sells General Growth Properties Inc. (NYSE:GGP), Mercury General Corp. (NYSE:MCY) during the three months ended 02/28/2011, according to the most recent filings of his investment company. As of 02/28/2011, he owns 11 stocks with a total value of $112 million. More...

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