Bruce Berkowitz Portfolio Concentration: Top Holdings Analysis

Fairholme Capital Management's portfolio, as of March 31, 2026, exhibits notable concentration, with a single holding accounting for nearly 80% of the total value. This significant allocation underscores the firm's concentrated investment approach.

The largest position is in Johnson & Johnson (JOE), representing approximately 79.67% of the portfolio. This substantial stake shows a continued allocation to the consumer goods giant, though the number of shares held decreased slightly by about 1.09% during the reporting period.

Enterprise Products Partners L.P. (EPD) is the second-largest holding, comprising about 13.63% of the portfolio. Berkowitz's stake in this energy sector master limited partnership saw a very modest increase in shares.

Bank OZK (OZK) follows, making up 2.79% of the fund. The position in this financial services company saw a small increase in shares.

Berkshire Hathaway Inc. (BRK-B) is allocated at 1.6%, while WR Berkley Corp. (WRB) holds a 1.12% stake. Both financial services holdings saw increases in shares during the period.

Progressive Corp. (PGR) at 0.87%, Kraft Heinz Co. (KHC) at 0.16%, and Berkshire Hathaway Inc. (BRK-A) at 0.09% round out the top positions. Kraft Heinz saw a significant reduction in shares, while the other two saw increases.

The remaining allocation, 0.02%, is in Home BancShares, Inc. (HOMB), which also experienced a substantial decrease in shares.

For detailed insights into Bruce Berkowitz's investment strategy and Fairholme Capital's holdings, visit Fairholme Capital Management's investor profile. For specific information on any stock holding, such as Johnson & Johnson (JOE) or Enterprise Products Partners L.P. (EPD), explore the individual stock profiles at Johnson & Johnson and Enterprise Products Partners L.P., respectively.