Bruce Berkowitz - Fairholme Capital Management 13F Activity & Position Changes (Q3 2014)

According to the SEC 13F filed on Aug 14, 2026, the Fairholme Capital Management portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2014. 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 Q3 2014, the filing reported:

New Buys - BP p.l.c., NY Community Bancorp

Increases - None reported

Reductions - American International Group, I, Bank of America Corporation, Berkshire Hathaway Inc. New, St. Joe Company (The), Lands' End, Inc.

Complete Exits - Transocean, Mercury General Corporation, Altria Group, Inc., AT&T Inc.

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
Q3 2014	AIG American International Group, I	American International Group, I	Sell	-9,498,610	-13.6%	$3.26M	60,311,704
Q3 2014	BAC Bank of America Corporation	Bank of America Corporation	Sell	-721,550	-0.7%	$1.67M	97,710,665
Q3 2014	BP BP p.l.c.	BP p.l.c.	Buy - Position Entry	+54,000	-	$2.37K	54,000
Q3 2014	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-4,925	-1.7%	$39.19K	283,700
Q3 2014	H8817H100 Transocean	Transocean	Sell - Position Exit	-56,500	-100.0%	$0.00	-
Q3 2014	JOE St. Joe Company (The)	St. Joe Company (The)	Sell	-27,400	-0.1%	$494.45K	24,809,498
Q3 2014	LE Lands' End, Inc.	Lands' End, Inc.	Sell	-2,914,338	-86.7%	$18.44K	448,419
Q3 2014	MCY Mercury General Corporation	Mercury General Corporation	Sell - Position Exit	-53,600	-100.0%	$0.00	-
Q3 2014	MO Altria Group, Inc.	Altria Group, Inc.	Sell - Position Exit	-62,000	-100.0%	$0.00	-
Q3 2014	NYCB NY Community Bancorp	NY Community Bancorp	Buy - Position Entry	+148,000	-	$2.35K	148,000
Q3 2014	T AT&T Inc.	AT&T Inc.	Sell - Position Exit	-68,500	-100.0%	$0.00	-