Bruce Berkowitz - Fairholme Capital Management 13F Activity & Position Changes (Q1 2021)

According to the SEC 13F filed on May 17, 2021, the Fairholme Capital Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2021. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2021, the filing reported:

New Buys - TC Energy Corporation, Vistra Corp., Verizon Communications Inc., Williams Companies, Inc. (The)

Increases - CVS Health Corporation, Enbridge Inc, Energy Transfer LP, Kinder Morgan, Inc., AT&T Inc.

Reductions - Berkshire Hathaway Inc. New, St. Joe Company (The), Old Republic International Corp

Complete Exits - Bank of America Corporation, Cincinnati Financial Corporatio, Canadian Natural Resources Limi, Enterprise Products Partners L., Altria Group, Inc., and 3 more

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2021	BAC Bank of America Corporation	Bank of America Corporation	Sell - Position Exit	-483,500	-100.0%	$0.00	-
Q1 2021	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-9,490	-16.0%	$12.76K	49,960
Q1 2021	CINF Cincinnati Financial Corporatio	Cincinnati Financial Corporatio	Sell - Position Exit	-96,700	-100.0%	$0.00	-
Q1 2021	CNQ Canadian Natural Resources Limi	Canadian Natural Resources Limi	Sell - Position Exit	-475,300	-100.0%	$0.00	-
Q1 2021	CVS CVS Health Corporation	CVS Health Corporation	Buy	+35,900	+32.3%	$11.06K	147,000
Q1 2021	ENB Enbridge Inc	Enbridge Inc	Buy	+84,900	+33.0%	$12.44K	341,800
Q1 2021	EPD Enterprise Products Partners L.	Enterprise Products Partners L.	Sell - Position Exit	-95,000	-100.0%	$0.00	-
Q1 2021	ET Energy Transfer LP	Energy Transfer LP	Buy	+245,900	+31.4%	$7.90K	1,029,200
Q1 2021	JOE St. Joe Company (The)	St. Joe Company (The)	Sell	-684,800	-2.6%	$1.10M	25,745,557
Q1 2021	KMI Kinder Morgan, Inc.	Kinder Morgan, Inc.	Buy	+35,200	+5.6%	$11.11K	667,200
Q1 2021	MO Altria Group, Inc.	Altria Group, Inc.	Sell - Position Exit	-54,200	-100.0%	$0.00	-
Q1 2021	ORI Old Republic International Corp	Old Republic International Corp	Sell	-138,000	-36.4%	$5.27K	241,100
Q1 2021	OXY-WS		Sell - Position Exit	-29,102	-100.0%	$0.00	-
Q1 2021	PAA Plains All American Pipeline, L	Plains All American Pipeline, L	Sell - Position Exit	-213,000	-100.0%	$0.00	-
Q1 2021	PM Philip Morris International Inc	Philip Morris International Inc	Sell - Position Exit	-14,100	-100.0%	$0.00	-
Q1 2021	T AT&T Inc.	AT&T Inc.	Buy	+10,100	+2.6%	$12.07K	398,800
Q1 2021	TRP TC Energy Corporation	TC Energy Corporation	Buy - Position Entry	+60,600	-	$2.77K	60,600
Q1 2021	VST Vistra Corp.	Vistra Corp.	Buy - Position Entry	+492,900	-	$8.71K	492,900
Q1 2021	VZ Verizon Communications Inc.	Verizon Communications Inc.	Buy - Position Entry	+76,900	-	$4.47K	76,900
Q1 2021	WMB Williams Companies, Inc. (The)	Williams Companies, Inc. (The)	Buy - Position Entry	+304,700	-	$7.22K	304,700