Bruce Berkowitz | FAIRXMutual Fund | |
Fairholme Capital Management | |
Last update 2024-11-14 | 7 Stocks (0 new) |
Value $1.46 Bil | Turnover 1 % |
Portfolio Report |
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
Ticker |
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Ticker |
CMC |
JOE |
CMC |
JOE |
BRK.B |
BRK.B |
JOE |
EPD |
JOE |
BRK.B |
OZK |
INTC |
OZK |
ORI |
JOE |
WRB |
KMI |
JOE |
CMC |
CMC |
EPD |
JOE |
EPD |
EPD |
INTC |
OZK |
BRK.B |
C |
C |
OZK |
WRB |
INTC |
ET |
OZK |
EPD |
WBA |
CMA |
CMA |
KEY |
USB |
KEY |
USB |
BRK.B |
HOMB |
HOMB |
MMP |
MMP |
JOE |
EPD |
BRK.B |
BABA |
BABA |
BRK.B |
AAPL |
EPD |
WRB |
C |
WRB |
WRB |
EPD |
BRK.B |
Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
---|---|---|---|---|---|---|---|---|---|---|---|
Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
CMC | Commercial Metals Co | 2023-06-30 | Reduce | -4.63% | 42.75 ($46.69) 52.66 | $50.49 | 8.14% | Reduce -89.88% | 128,800 | -1,144,100 | |
JOE | The St. Joe Co | 2023-09-30 | Reduce | -3.93% | 48.45 ($57.76) 64.56 | $44.69 | -22.63% | Reduce -4.49% | 22,711,748 | -1,068,700 | |
CMC | Commercial Metals Co | 2023-03-31 | Reduce | -3.86% | 43.24 ($51.8) 57.11 | $50.49 | -2.53% | Reduce -42.87% | 1,272,900 | -955,300 | |
JOE | The St. Joe Co | 2024-06-30 | Reduce | -3.81% | 52.56 ($56.3) 59.1 | $44.69 | -20.62% | Reduce -4.41% | 21,520,167 | -992,981 | |
BRK.B | Berkshire Hathaway Inc | 2024-03-31 | Reduce | -1.69% | 359.29 ($393.34) 420.52 | $457.58 | 16.33% | Reduce -60.18% | 48,958 | -74,000 | |
BRK.B | Berkshire Hathaway Inc | 2023-12-31 | Add | +1.64% | 331.71 ($350.99) 362.68 | $457.58 | 30.37% | Add 139.81% | 122,958 | 71,685 | |
JOE | The St. Joe Co | 2024-09-30 | Reduce | -1.47% | 52.59 ($58.61) 63.7 | $44.69 | -23.75% | Reduce -1.74% | 21,146,067 | -374,100 | |
EPD | Enterprise Products Partners LP | 2023-09-30 | Add | +1.27% | 26.25 ($26.75) 27.42 | $31.53 | 17.87% | Add 14.75% | 5,064,200 | 651,000 | |
JOE | The St. Joe Co | 2023-06-30 | Reduce | -1.24% | 40.18 ($43.54) 48.39 | $44.69 | 2.64% | Reduce -1.5% | 23,780,448 | -361,000 | |
BRK.B | Berkshire Hathaway Inc | 2022-12-31 | Reduce | -0.92% | 264 ($296.98) 318.6 | $457.58 | 54.08% | Reduce -36.47% | 61,955 | -35,570 | |
OZK | Bank OZK | 2024-03-31 | Add | +0.83% | 41.6 ($44.77) 49.75 | $44.66 | -0.26% | Add 533.79% | 324,500 | 273,300 | |
INTC | Intel Corp | 2022-12-31 | Reduce | -0.77% | 25.04 ($27.77) 30.71 | $20.30 | -26.90% | Reduce -52.62% | 277,300 | -308,000 | |
OZK | Bank OZK | 2024-06-30 | Add | +0.66% | 37.85 ($43.51) 49.21 | $44.66 | 2.63% | Add 69.04% | 548,550 | 224,050 | |
ORI | Old Republic International Corp | 2023-03-31 | Sold Out | -0.64% | 23.43 ($25.17) 26.7 | $36.38 | 44.52% | Sold Out | 0 | -316,100 | |
JOE | The St. Joe Co | 2024-03-31 | Reduce | -0.64% | 51.82 ($55.21) 58.83 | $44.69 | -19.05% | Reduce -0.73% | 22,513,148 | -166,000 | |
WRB | WR Berkley Corp | 2023-06-30 | New Buy | +0.59% | 37.12 ($39.36) 42.24 | $58.52 | 48.68% | New holding | 196,800 | 131,200 | |
KMI | Kinder Morgan Inc | 2022-12-31 | Sold Out | -0.57% | 17.05 ($17.99) 19.15 | $27.36 | 52.08% | Sold Out | 0 | -355,200 | |
JOE | The St. Joe Co | 2022-12-31 | Reduce | -0.56% | 32.06 ($35.8) 39.17 | $44.69 | 24.83% | Reduce -0.74% | 24,288,448 | -181,342 | |
CMC | Commercial Metals Co | 2023-09-30 | Sold Out | -0.52% | 49.27 ($54.37) 57.86 | $50.49 | -7.14% | Sold Out | 0 | -128,800 | |
CMC | Commercial Metals Co | 2022-12-31 | Reduce | -0.52% | 37.57 ($45.85) 49.81 | $50.49 | 10.12% | Reduce -6.29% | 2,228,200 | -149,600 | |
EPD | Enterprise Products Partners LP | 2022-12-31 | Add | +0.52% | 23.39 ($24.62) 25.5 | $31.53 | 28.07% | Add 6.7% | 4,142,800 | 260,000 | |
JOE | The St. Joe Co | 2023-03-31 | Reduce | -0.48% | 38.84 ($42.82) 47.67 | $44.69 | 4.37% | Reduce -0.61% | 24,141,448 | -147,000 | |
EPD | Enterprise Products Partners LP | 2023-06-30 | Add | +0.46% | 25.27 ($26.13) 27.01 | $31.53 | 20.67% | Add 5.51% | 4,413,200 | 230,400 | |
EPD | Enterprise Products Partners LP | 2024-03-31 | Add | +0.44% | 26.23 ($27.46) 29.18 | $31.53 | 14.82% | Add 4.38% | 5,436,600 | 228,200 | |
INTC | Intel Corp | 2023-03-31 | Reduce | -0.40% | 24.9 ($28.33) 32.67 | $20.30 | -28.34% | Reduce -65.92% | 94,500 | -182,800 | |
OZK | Bank OZK | 2023-09-30 | New Buy | +0.39% | 36.3 ($40.51) 44.67 | $44.66 | 10.23% | New holding | 147,500 | 147,500 | |
BRK.B | Berkshire Hathaway Inc | 2023-09-30 | Reduce | -0.38% | 340.9 ($354.77) 370.48 | $457.58 | 28.98% | Reduce -22.22% | 51,273 | -14,647 | |
C | Citigroup Inc | 2023-03-31 | Reduce | -0.34% | 43.11 ($49.07) 52.35 | $71.06 | 44.81% | Reduce -52.15% | 82,500 | -89,900 | |
C | Citigroup Inc | 2023-06-30 | Sold Out | -0.32% | 44.23 ($46.84) 50.4 | $71.06 | 51.71% | Sold Out | 0 | -82,500 | |
OZK | Bank OZK | 2024-09-30 | Add | +0.31% | 39.66 ($42.58) 47.08 | $44.66 | 4.88% | Add 19.06% | 653,102 | 104,552 | |
WRB | WR Berkley Corp | 2024-09-30 | Add | +0.29% | 51.54 ($56.15) 60.58 | $58.52 | 4.22% | Add 39.55% | 261,450 | 74,100 | |
INTC | Intel Corp | 2023-06-30 | Sold Out | -0.26% | 27.4 ($31.41) 36.37 | $20.30 | -35.37% | Sold Out | 0 | -94,500 | |
ET | Energy Transfer LP | 2023-09-30 | Sold Out | -0.26% | 12.56 ($13.26) 14.03 | $19.46 | 46.79% | Sold Out | 0 | -268,700 | |
OZK | Bank OZK | 2023-12-31 | Reduce | -0.25% | 35.16 ($41.21) 51.61 | $44.66 | 8.36% | Reduce -65.29% | 51,200 | -96,300 | |
EPD | Enterprise Products Partners LP | 2023-12-31 | Add | +0.24% | 25.89 ($26.64) 27.68 | $31.53 | 18.36% | Add 2.85% | 5,208,400 | 144,200 | |
WBA | Walgreens Boots Alliance Inc | 2023-06-30 | Sold Out | -0.21% | 28.37 ($32.61) 36.31 | $9.19 | -71.81% | Sold Out | 0 | -74,000 | |
CMA | Comerica Inc | 2023-09-30 | Sold Out | -0.20% | 39.95 ($47.42) 53.96 | $61.98 | 30.70% | Sold Out | 0 | -61,700 | |
CMA | Comerica Inc | 2023-06-30 | New Buy | +0.20% | 31.21 ($40.46) 47.09 | $61.98 | 53.19% | New holding | 61,700 | 61,700 | |
KEY | KeyCorp | 2023-09-30 | Sold Out | -0.18% | 9.43 ($11.07) 12.57 | $17.29 | 56.14% | Sold Out | 0 | -257,900 | |
USB | U.S. Bancorp | 2023-06-30 | New Buy | +0.18% | 28.68 ($32.38) 36.05 | $48.55 | 49.95% | New holding | 73,600 | 73,600 | |
KEY | KeyCorp | 2023-06-30 | New Buy | +0.18% | 8.93 ($10.47) 12.52 | $17.29 | 65.09% | New holding | 257,900 | 257,900 | |
USB | U.S. Bancorp | 2023-09-30 | Sold Out | -0.18% | 32.47 ($36.43) 40.23 | $48.55 | 33.28% | Sold Out | 0 | -73,600 | |
BRK.B | Berkshire Hathaway Inc | 2023-06-30 | Add | +0.16% | 308.77 ($326.09) 341 | $457.58 | 40.32% | Add 10.67% | 65,920 | 6,355 | |
HOMB | Home BancShares Inc | 2023-12-31 | Sold Out | -0.15% | 19.96 ($22.29) 25.69 | $28.36 | 27.23% | Sold Out | 0 | -103,400 | |
HOMB | Home BancShares Inc | 2023-09-30 | New Buy | +0.15% | 20.62 ($22.76) 24.98 | $28.36 | 24.60% | New holding | 103,400 | 103,400 | |
MMP | Magellan Midstream Partners LP | 2023-03-31 | New Buy | +0.13% | 50.18 ($52.99) 54.7 | $69.00 | 30.21% | New holding | 28,600 | 28,600 | |
MMP | Magellan Midstream Partners LP | 2023-06-30 | Sold Out | -0.13% | 53.83 ($58.31) 62.67 | $69.00 | 18.33% | Sold Out | 0 | -28,600 | |
JOE | The St. Joe Co | 2023-12-31 | Reduce | -0.13% | 46.17 ($52.62) 60.98 | $44.69 | -15.07% | Reduce -0.14% | 22,679,148 | -32,600 | |
EPD | Enterprise Products Partners LP | 2023-03-31 | Add | +0.09% | 24.23 ($25.69) 26.78 | $31.53 | 22.73% | Add 0.97% | 4,182,800 | 40,000 | |
BRK.B | Berkshire Hathaway Inc | 2023-03-31 | Reduce | -0.06% | 293.51 ($308.18) 320.37 | $457.58 | 48.48% | Reduce -3.86% | 59,565 | -2,390 | |
BABA | Alibaba Group Holding Ltd | 2023-03-31 | Sold Out | -0.06% | 81 ($100.17) 120.57 | $85.72 | -14.43% | Sold Out | 0 | -7,610 | |
BABA | Alibaba Group Holding Ltd | 2022-12-31 | Reduce | -0.06% | 63.15 ($78.85) 94.17 | $85.72 | 8.71% | Reduce -50.9% | 7,610 | -7,890 | |
BRK.B | Berkshire Hathaway Inc | 2024-06-30 | Add | +0.03% | 396.73 ($408.62) 420.24 | $457.58 | 11.98% | Add 2.03% | 49,952 | 994 | |
AAPL | Apple Inc | 2023-09-30 | Reduce | -0.03% | 170.43 ($183.38) 196.45 | $257.32 | 40.32% | Reduce -43.66% | 2,400 | -1,860 | |
EPD | Enterprise Products Partners LP | 2024-09-30 | Add | +0.02% | 27.88 ($29.21) 30 | $31.53 | 7.94% | Add 0.15% | 5,446,400 | 8,100 | |
WRB | WR Berkley Corp | 2023-12-31 | Reduce | -0.01% | 41.63 ($45.63) 49.1 | $58.52 | 28.25% | Reduce -1.25% | 189,900 | -1,600 | |
C | Citigroup Inc | 2022-12-31 | Reduce | -0.01% | 40.45 ($45.43) 50.19 | $71.06 | 56.42% | Reduce -0.98% | 172,400 | -1,700 | |
WRB | WR Berkley Corp | 2024-06-30 | Reduce | -0.01% | 51.1 ($53.56) 58.33 | $58.52 | 9.26% | Reduce -1.34% | 187,350 | -1,700 | |
WRB | WR Berkley Corp | 2023-09-30 | Reduce | -0.01% | 39.29 ($41.4) 43.77 | $58.52 | 41.35% | Reduce -2.29% | 192,300 | -3,000 | |
EPD | Enterprise Products Partners LP | 2024-06-30 | Add | 0% | 27.74 ($28.67) 29.88 | $31.53 | 9.98% | Add 0.03% | 5,438,300 | 1,700 | |
BRK.B | Berkshire Hathaway Inc | 2024-09-30 | Add | 0% | 405.19 ($442.18) 478.57 | $457.58 | 3.48% | Add 0.24% | 50,072 | 120 |
Total 61
Bruce Berkowitz News
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