13F portfolio / Concentrated value
Fairholme Capital
Bruce Berkowitz (founder)
Bruce Berkowitz founded Fairholme Capital Management in 1997.
Morningstar named him Domestic-Stock Fund Manager of the Decade in 2009.
- Reported 13F value
- $1.5B
- Positions
- 13
- Est. 1-yearEstimate
- +29.5%SPY +15.7%
- Est. 3-year, annualizedEstimate
- +8.8%SPY +22.8%
As of Jun 30, 2026 · filed Aug 14, 2026
Holdings
3 new · 4 added · 1 trimmed · 5 unchanged · 0 sold out
| 1 | JOE on Yahoo Finance (opens in a new tab) | St Joe CoCOM | 76.4% | $1.1B | 18,182,367 | Trimmed -5.4% | $55.76* | $68.11 | +22.1% |
| 2 | EPD on Yahoo Finance (opens in a new tab) | Enterprise Prods Partners LCOM | 13.5% | $201M | 5,455,800 | Unchanged | $22.08* | $36.38 | +64.8% |
| 3 | OZK on Yahoo Finance (opens in a new tab) | Bank OzkCOM | 3.2% | $48M | 921,252 | Unchanged | $39.88* | $45.86 | +15.0% |
| 4 | BRK/B on Yahoo Finance (opens in a new tab) | Berkshire Hathaway Inc DelCL B NEW | 3.0% | $44M | 87,852 | Added +74.1% | $413.60* | $529.25 | +28.0% |
| 5 | WRB on Yahoo Finance (opens in a new tab) | WR Berkley CorpCOM | 1.2% | $18M | 256,350 | Unchanged | $46.61* | $74.33 | +59.5% |
| 6 | PGR on Yahoo Finance (opens in a new tab) | Progressive CorpCOM | 1.1% | $16M | 72,200 | Added +8.7% | $207.82 | $216.20 | +4.0% |
| 7 | BRK/A on Yahoo Finance (opens in a new tab) | Berkshire Hathaway Inc DelCL A | 0.6% | $8M | 11 | Added +450.0% | $707123.62* | $794223.56 | +12.3% |
| 8 | PFE on Yahoo Finance (opens in a new tab) | Pfizer IncCOM | 0.4% | $6M | 231,000 | New | $25.53 | $29.51 | +15.6% |
| 9 | KHC on Yahoo Finance (opens in a new tab) | Kraft Heinz CoCOM | 0.3% | $5M | 202,300 | Added +92.1% | $22.45 | $23.43 | +4.4% |
| 10 | CPB on Yahoo Finance (opens in a new tab) | The Campbells CompanyCOM | 0.2% | $3M | 116,500 | New | $20.48 | $19.82 | -3.2% |
| 11 | UPS on Yahoo Finance (opens in a new tab) | United Parcel Svcs IncCL B | 0.2% | $3M | 23,800 | New | $101.46 | $96.96 | -4.4% |
| 12 | AAPL on Yahoo Finance (opens in a new tab) | Apple IncCOM | 0.0% | $694K | 2,400 | Unchanged | $174.64* | $342.77 | +96.3% |
| 13 | HOMB on Yahoo Finance (opens in a new tab) | Home Bancshares IncCOM | 0.0% | $345K | 12,100 | Unchanged | $27.63 | $29.14 | +5.5% |
Sold out since Q1 2026
- No full exits this quarter.
Estimated, from reported holdings
Quarter by quarter
High-conviction buys (new positions at 3% or more of the portfolio) since Q3 2023: 0. Of 0 with six months of history, — beat the S&P 500 from the filing date.
Source: SEC Form 13F-HR 0000919574-26-005488, compared with the Q1 2026 report. 0 option rows are excluded from weights. Tickers map from CUSIP via OpenFIGI. Estimated returns weight each position’s next-quarter total return (Yahoo Finance adjusted closes) by its quarter-end value and assume no trades. Estimated cost averages daily adjusted closes in each quarter the share count rose, from Q3 2023 onward (* = held at the start of our data). Price is the latest close.
Important information
Form 13F data is delayed. Managers have up to 45 days after each calendar quarter to file, so holdings shown may have changed materially since the report date. 13F reports cover long positions in US-listed equities and certain other securities only; they exclude short positions, most non-US holdings, cash, bonds and private investments, and managers may request confidential treatment for some positions. Options rows are listed in filings but are not counted in the holdings and weights shown here.
Estimated holdings returns, estimated cost and high-conviction results are hypothetical calculations from quarter-end holdings and public prices, assuming no trades between reports. They are not the actual returns or costs of any fund or manager and do not reflect fees, trading, leverage, shorts or cash. Biographies are drawn from cited public sources. This page is for information only and is not individualized investment advice or a recommendation to buy or sell any security. Gulfstream Capital and its clients may hold positions in securities shown.