Bruce Berkowitz - Fairholme Capital Management Portfolio (Q1 2026)

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Fairholme Capital Management, Bruce Berkowitz, has built a diversified portfolio of 10 publicly traded holdings with a total market value of $1.5B as of Mar 31, 2026. This comprehensive analysis examines the latest 13F filing data to understand the investment strategy and recent portfolio adjustments.

The portfolio demonstrates a concentrated approach to stock selection, with the top holding representing 79.7% of the total portfolio value. The top 5 holdings account for 98.8% of the overall portfolio allocation.

Recent portfolio activity shows 10 significant position adjustments, indicating active portfolio management and strategic repositioning. These changes reflect the investor's response to market conditions and evolving investment thesis.

Portfolio Statistics

10
Total Holdings
$1.5B
Portfolio Value
Mar 31, 2026
Latest Filing
79.7%
Largest Position

Top Holdings Analysis

The portfolio's top holdings reveal the investor's core investment thesis and sector preferences. The largest position in ST JOE CO (JOE) represents 79.7% of the total portfolio, valued at $1.2B.

Rank Symbol Company Value Portfolio % Change
1 JOE ST JOE CO $1.2B 79.7% -1.1%
2 EPD ENTERPRISE PRODS PARTNERS L $206.4M 13.6% +0.1%
3 OZK BANK OZK $42.3M 2.8% +0.8%
4 BRK-B BERKSHIRE HATHAWAY INC DEL $24.2M 1.6% +5.1%
5 WRB WR BERKLEY CORP $17.0M 1.1% -1.5%

For a complete analysis of all holdings and detailed portfolio breakdown by sector and market cap, visit our comprehensive holdings page.

Recent Portfolio Activity

Recent portfolio adjustments provide insights into the investor's evolving strategy and market outlook. The following table shows the top 10 most significant position changes from recent reporting periods (out of 133 total transactions), sorted by the magnitude of change.

For a complete history of all portfolio transactions and detailed activity analysis, visit our comprehensive activity page.

Symbol Company Quantity Change Date Action
JOE St. Joe Company (The) -212,300 Mar 31, 2026 SELL
ET Energy Transfer LP -166,600 Mar 31, 2026 SELL
KHC The Kraft Heinz Company +105,300 Mar 31, 2026 BUY
OXY Occidental Petroleum Corporatio -69,100 Mar 31, 2026 SELL
CF CF Industries Holdings, Inc. -54,700 Mar 31, 2026 SELL
PGR Progressive Corporation (The) +40,800 Mar 31, 2026 BUY
TGT Target Corporation -23,000 Mar 31, 2026 SELL
HOMB Home BancShares, Inc. +12,100 Mar 31, 2026 BUY
NRP Natural Resource Partners LP Li -12,000 Mar 31, 2026 SELL
OZK Bank OZK +7,600 Mar 31, 2026 BUY

Investment Strategy Insights

Fairholme Capital Management's investment approach can be analyzed through several key metrics. The portfolio's concentration in top holdings suggests a high-conviction investment strategy, with significant positions in companies that align with the investor's long-term thesis.

The largest position in ST JOE CO (JOE) demonstrates strong conviction in this particular investment opportunity. Recent activity shows a decrease of 1.1% in this position, indicating active portfolio management and strategic positioning.

Portfolio turnover can be assessed through recent activity patterns. The 10 most significant transactions shown here (out of 133 total transactions) suggest a highly active approach to portfolio management, with frequent strategic adjustments and position changes.

Additional Analysis

Complete Holdings

View all 10 holdings with detailed analysis

Trading Activity

Track all portfolio transactions and position changes

Performance Metrics

Analyze profit, winning trades, and investment returns

Sector Allocation

Analyze portfolio breakdown by sector and industry

Fairholme Capital Management's portfolio as of Mar 31, 2026 reflects a strategic approach to equity investing with 10 holdings valued at $1.5B. The concentrated position in ST JOE CO and other top holdings demonstrates the investor's confidence in specific investment themes and long-term value creation opportunities. Recent activity indicates ongoing portfolio optimization and strategic repositioning.

For the most current portfolio data and detailed analysis, refer to the latest SEC 13F filings and our comprehensive holdings and activity pages, which are updated regularly with the latest filing information.

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