BB
Bruce Berkowitz
Fairholme Capital Management
- Portfolio value
- $1,489,888,626
- Stocks
- 13
- Period
- Q2 2026
- Filed
- 14 Aug 2026
Hyper-concentrated contrarian value; ignores the crowd.
✦
Added 450% to Berkshire Hathaway Inc-Cl A and opened 3 new positions, the largest PFE at 0.4%. Unknown is still the biggest weight in the book at 80.3%. The top five names are 97% of it.
Sector exposure
Unknown
80.3%
Energy
13.5%
Financial Services
5.5%
Healthcare
0.4%
Consumer Defensive
0.2%
Industrials
0.2%
Technology
0.0%
Concentration
76.4%Largest, None
97%Top 5
100%Top 10
2Positions over 5%
7Under 1%, 2% of the book
Portfolio return
Time-weighted · held at window start
By position
By sector
| Stock | % Portfolio | Recent Activity | Shares | Reported Price | Value | |
|---|---|---|---|---|---|---|
| ST JOE CO | 76.43% | 18,182,367 | $62.63 | $1,138,761,645 | ||
| EPD — Enterprise Products Partners | 13.46% | 5,455,800 | $36.76 | $200,555,208 | ↗ ◎ | |
| OZK — Bank Ozk | 3.22% | 921,252 | $52.09 | $47,988,026 | ↗ ◎ | |
| BRK/B — Berkshire Hathaway Inc-Cl B | 2.95% | Add 74.13% | 87,852 | $500.39 | $43,960,262 | ↗ ◎ |
| WRB — Wr Berkley Corp | 1.21% | 256,350 | $70.53 | $18,080,365 | ↗ ◎ | |
| PGR — Progressive Corp | 1.06% | Add 8.73% | 72,200 | $218.45 | $15,772,090 | ↗ ◎ |
| BRK/A — Berkshire Hathaway Inc-Cl A | 0.55% | Add 450.00% | 11 | $748850.00 | $8,237,350 | ↗ ◎ |
| PFE — Pfizer Inc | 0.37% | New | 231,000 | $24.08 | $5,562,480 | ↗ ◎ |
| KHC — Kraft Heinz Co/the | 0.32% | Add 92.12% | 202,300 | $23.62 | $4,778,326 | ↗ ◎ |
| CPB — The Campbell's Company | 0.17% | New | 116,500 | $22.27 | $2,594,455 | ↗ ◎ |
| UPS — United Parcel Service-Cl B | 0.17% | New | 23,800 | $107.50 | $2,558,500 | ↗ ◎ |
| AAPL — Apple Inc | 0.05% | 2,400 | $289.36 | $694,464 | ↗ ◎ | |
| HOMB — Home Bancshares Inc | 0.02% | 12,100 | $28.55 | $345,455 | ↗ ◎ |