Bruce Berkowitz's Top Holdings: JOE Dominance at 80% in Fairholme Capital Portfolio (2025)

Fairholme Capital Management, under the guidance of its renowned investor Bruce Berkowitz, maintains a concentrated portfolio as of December 31, 2025. Berkowitz's strategy is evident in the top holdings, with JOE leading the portfolio allocation at a significant 80.43%. This substantial position underscores the investor's confidence in the company.

Bank OZK (OZK) represents another significant holding in the portfolio, contributing 2.93% as of the reporting date. The position saw a slight reduction in shares during the period, decreasing by 0.22%.

Berkowitz also allocated capital to Berkshire Hathaway Inc (BRK-B), a position that decreased by 0.88% in terms of shares held, reducing its portfolio weight to 1.68%. WR Berky Corp (WRB) follows, with a 1.27% allocation, also experiencing a minor reduction in shares.

Among the top holdings, there are notable new positions or significantly increased stakes. Progressive Corp (PGR) was added or significantly increased, boosting its allocation to 0.41%. Similarly, CF Inds Hldgs Inc (CF) now holds a 0.3% allocation, suggesting a new investment or substantial growth. Target Corp (TGT) and Natural Resource Partners L (NRP) also entered the top ten with allocations of 0.16% and 0.09%, respectively, both achieved through 100% increases in the number of shares held during the period.

For comprehensive insights into Bruce Berkowitz's investment approach and Fairholme Capital's performance, readers can visit the investor profile page. Detailed analysis of each stock holding, including JOE, OZK, BRK-B, WRB, PGR, CF, TGT, and NRP, is available on the respective stock pages.