Bruce Berkowitz Q1 2026 Portfolio Highlights: Major Shifts in Real Estate and Financial Services
Bruce Berkowitz of Fairholme Capital Management saw significant changes in his portfolio during Q1 2026, with notable decreases in JOE and substantial increases in PGR.
Fairholme Capital Management's Bruce Berkowitz made several noteworthy adjustments to his portfolio during the first quarter of 2026, as reported in the latest filing. The fund's total portfolio value stood at approximately $1.51 billion as of March 31, 2026.
The most significant change during this period was a reduction in the position of ST JOE CO (JOE). Berkowitz减持了192万10167股, representing a decrease of approximately 1.09% in shares and a corresponding reduction in the stock's portfolio allocation to 79.67%. This substantial decrease makes JOE the standout position change for Q1 2026.
Conversely, Progressive Corp (PGR) experienced a remarkable increase, with Berkowitz adding 40,800 shares, leading to a staggering 159.38% increase in position size and boosting its portfolio allocation to 0.87%. This significant stake increase suggests renewed confidence in the insurance services company.
Other notable changes include modest increases in Enterprise Products Partners LP (EPD) and Bank of America Corp (OZK), with share increases of 0.1% and 0.83% respectively. Berkowitz also added shares to Berkshire Hathaway INC (BRK-B), increasing its allocation by 5.08%.
On the other hand, several small holdings saw substantial reductions. Kraft Heinz Co (KHC) experienced a significant 60.46% decrease, though it remains a minor holding at 0.16% allocation. Home BancShares Inc (HOMB) saw an 88.3% reduction, effectively exiting the position almost entirely, leaving just a 0.02% allocation. WR Berkley Corp (WRB) also saw a notable 1.46% decrease.
For a complete view of Bruce Berkowitz's investment strategy and performance, readers can visit his profile at https://www.insiderset.com/investor/bruce-berkowitz-fairholme-capital-management. Detailed information on individual holdings like JOE can be found at https://www.insiderset.com/investors/stocks/JOE.