FAIRHOLME CAPITAL MANAGEMENT LLC

Superinvestor · Bruce Berkowitz

CIK

1056831

Location

South Miami, FL

Portfolio Value

Mid $1,512,755,971

Diversification

Highly concentrated

Filing Date

Global Rank

#1,395 / 8,576 ▼ 168

Top Industry

Real Estate - Diversified 79.7%

3Y Alpha vs SPY

-6.7%

Period ended 2 months ago

Filed May 15, 2026 · 27d

25 quarters · since Mar 2020

Portfolio Concentration

9 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

79.7%

−0.7 pts

Top 5

98.9%

+0.4 pts

Top 10

100.0%

+0.2 pts

HHI

6,558

Highly concentrated−80

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Real Estate	79.7%	$1,206,398,487	1
Energy	13.6%	$206,447,472	1
Financial Services	6.4%	$96,932,719	5
Consumer Defensive	0.2%	$2,368,197	1
Technology	0.0%	$609,096	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

4 positions

Ticker	Company	Δ Shares	Shares	Value
PGR	Progressive Corp/Oh/	+40,800	66,400	$13,163,136
OZK	Bank OZK	+7,600	921,252	$42,276,254
EPD	Enterprise Products Partners L.P.	+5,400	5,455,800	$206,447,472
BRK-B	Berkshire Hathaway Inc	+2,440	50,452	$24,176,598
No positions match the current search.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
JOE	ST JOE Co	−212,300	19,210,167	$1,206,398,487
WRB	Berkley W R Corp	−3,800	256,350	$16,990,878
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
KHC	Kraft Heinz Co	105,300	$2,368,197
HOMB	Home Bancshares Inc	12,100	$325,853
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
CF	CF Industries Holdings, Inc.	54,700	$4,230,498
OXY	Occidental Petroleum Corp /De/	69,100	$2,841,392
ET	Energy Transfer LP	166,600	$2,747,234
TGT	Target Corp	23,000	$2,248,250
NRP	Natural Resource Partners LP	12,000	$1,252,800
FANG	Diamondback Energy, Inc.	4,000	$601,320
EOG	Eog Resources Inc	2,000	$210,020
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

9 positions · $1,512,755,971 total · as of Mar 31, 2026

All sectors Consumer Defensive Energy Financial Services Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Est. Price	% of Portfolio
JOE	ST JOE Co Real Estate	Reduced	19,210,167	-212,300	$1,206,398,487	+4.6%	$66.93	79.75%
EPD	Enterprise Products Partners L.P. Energy	Added	5,455,800	+5,400	$206,447,472	+18.1%	$35.39	13.65%
OZK	Bank OZK Financial Services	Added	921,252	+7,600	$42,276,254	+0.5%	$47.11	2.79%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	50,452	+2,440	$24,176,598	+0.2%	$490.90	1.60%
WRB	Berkley W R Corp Financial Services	Reduced	256,350	-3,800	$16,990,878	−6.9%	$68.87	1.12%
PGR	Progressive Corp/Oh/ Financial Services	Added	66,400	+40,800	$13,163,136	+125.8%	$206.39	0.87%
KHC	Kraft Heinz Co Consumer Defensive	NEW	105,300	NEW	$2,368,197	NEW	$23.52	0.16%
AAPL	Apple Inc. Technology	Held	2,400	0	$609,096	−6.6%	$260.25	0.04%
HOMB	Home Bancshares Inc Financial Services	NEW	12,100	NEW	$325,853	NEW	$28.15	0.02%