Bruce Berkowitz Top Holdings Analysis: Fairholme Capital's Strategic Investments in 2026

Bruce Berkowitz, through his investment firm Fairholme Capital Management, maintains a concentrated portfolio as of March 31, 2026. The fund's holdings are dominated by a single stock, highlighting a significant concentration strategy.

The largest position is in ST JOE Co. (JOE), categorized under the Real Estate sector. Fairholme holds a massive 79.67% allocation to this stock, with 19,210,167 shares valued at $1.21 billion. The position saw a slight reduction in shares during the period, decreasing by 212,300 shares (-1.09%).

Enterprise Products Partners LP (EPD), an Energy company, is the second-largest holding, accounting for 13.63% of the portfolio. With 5,455,800 shares valued at $206.45 million, the position experienced a very modest increase of 5,400 shares (+0.1%).

Berkshire Hathaway Inc. (BRK-B) is another significant holding, classified under Financial Services, representing 1.6% of the fund. Fairholme holds 50,452 shares worth $24.18 million. The position saw substantial growth, with shares increasing by 2,440 (+5.08%) during the period.

The Financial Services sector is also represented by other holdings. Bank OZK (OZK) holds a 2.79% allocation, WR Berkelley Corp (WRB) 1.12%, Progressive Corp (PGR) 0.87%, and two smaller positions in HOM Bancshares (HOMB) and Kraft Heinz Co (KHC).

Among the smaller allocations, WR Berkelley Corp (WRB) saw a slight increase in shares (+0.83%), while Kraft Heinz Co (KHC) experienced a substantial decrease (-60.46%) in its position, shedding 161,000 shares. Conversely, Progressive Corp (PGR) saw an enormous increase of 40,800 shares (+159.38%).

For a comprehensive view of Bruce Berkowitz's investment strategy and performance, readers can visit the investor profile at Fairholme Capital Management. Detailed analysis of each stock, including ST JOE Co. (JOE), Enterprise Products Partners LP (EPD), and Berkshire Hathaway Inc. (BRK-B), is available on the respective company pages.