Bruce Berkowitz - Fairholme Capital Management 13F Activity & Position Changes (Q4 2018)

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 Dec 31, 2018. 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 Q4 2018, the filing reported:

New Buys - None reported

Increases - None reported

Reductions - Jefferies Financial Group Inc., St. Joe Company (The), Vista Outdoor Inc.

Complete Exits - Berkshire Hathaway Inc. New, Spectrum Brands Holdings, Inc., AT&T Inc., Vistra Corp.

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
Q4 2018	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell - Position Exit	-9,600	-100.0%	$0.00	-
Q4 2018	JEF Jefferies Financial Group Inc.	Jefferies Financial Group Inc.	Sell	-46,500	-70.5%	$339.00	19,500
Q4 2018	JOE St. Joe Company (The)	St. Joe Company (The)	Sell	-846,552	-3.1%	$349.64K	26,547,898
Q4 2018	SPB Spectrum Brands Holdings, Inc.	Spectrum Brands Holdings, Inc.	Sell - Position Exit	-291,228	-100.0%	$0.00	-
Q4 2018	T AT&T Inc.	AT&T Inc.	Sell - Position Exit	-346,900	-100.0%	$0.00	-
Q4 2018	VST Vistra Corp.	Vistra Corp.	Sell - Position Exit	-1,015,300	-100.0%	$0.00	-
Q4 2018	VSTO Vista Outdoor Inc.	Vista Outdoor Inc.	Sell	-2,056,600	-58.2%	$16.75K	1,475,400