Bruce Berkowitz, Fairholme Capital

Portfolio USD 1,489,886,000 across 13 positions as of 2026 Q2; history from 2006 Q4. Source: quarterly 13F filings via dataroma.com.

Positions, 2026 Q2

• JOE St. Joe Co.: 76% of portfolio, USD 1,138,762,000, reduce -5.35%
• EPD Enterprise Products Partners LP: 14% of portfolio, USD 200,555,000, hold
• OZK Bank OZK: 3.2% of portfolio, USD 47,988,000, hold
• BRK.B Berkshire Hathaway CL B: 3.0% of portfolio, USD 43,960,000, add +74.13%
• WRB W.R. Berkley Corp.: 1.2% of portfolio, USD 18,080,000, hold
• PGR Progressive Corp.: 1.1% of portfolio, USD 15,772,000, add +8.73%
• BRK.A Berkshire Hathaway CL A: 0.6% of portfolio, USD 8,237,000, add +450%
• PFE Pfizer Inc.: 0.4% of portfolio, USD 5,562,000, new
• KHC Kraft Heinz Co.: 0.3% of portfolio, USD 4,778,000, add +92.12%
• CPB Campbell's Co.: 0.2% of portfolio, USD 2,594,000, new
• UPS United Parcel Service: 0.2% of portfolio, USD 2,559,000, new
• AAPL Apple Inc.: 0.1% of portfolio, USD 694,000, hold
• HOMB Home Bancshares Inc.: <0.1% of portfolio, USD 345,000, hold

Portfolio value, all published quarters

• 2006 Q4: USD 2,824,875,708
• 2007 Q1: USD 3,220,273,940
• 2007 Q2: USD 4,166,670,444
• 2007 Q3: USD 4,288,033,136
• 2007 Q4: USD 4,971,922,846
• 2008 Q1: USD 5,940,478,399
• 2008 Q2: USD 7,487,118,642
• 2008 Q3: USD 7,433,994,761
• 2008 Q4: USD 5,271,220,329
• 2009 Q1: USD 4,602,559,151
• 2009 Q2: USD 5,973,434,361
• 2009 Q3: USD 7,238,598,245
• 2009 Q4: USD 7,742,573,949
• 2010 Q1: USD 8,339,800,608
• 2010 Q2: USD 9,902,352,710
• 2010 Q3: USD 9,136,756,153
• 2010 Q4: USD 12,373,631,926
• 2011 Q1: USD 13,679,594,491
• 2011 Q2: USD 14,469,512,684
• 2011 Q3: USD 9,822,828,720
• 2011 Q4: USD 6,789,643,576
• 2012 Q1: USD 7,155,820,990
• 2012 Q2: USD 5,562,443,896
• 2012 Q3: USD 5,453,595,947
• 2012 Q4: USD 5,293,173,255
• 2013 Q1: USD 5,693,724,977
• 2013 Q2: USD 6,407,025,038
• 2013 Q3: USD 6,215,461,361
• 2013 Q4: USD 6,773,619,106
• 2014 Q1: USD 6,653,725,382
• 2014 Q2: USD 6,549,521,787
• 2014 Q3: USD 6,230,837,214
• 2014 Q4: USD 5,381,593,181
• 2015 Q1: USD 4,037,293,409
• 2015 Q2: USD 3,579,009,834
• 2015 Q3: USD 3,471,308,132
• 2015 Q4: USD 2,434,583,832
• 2016 Q1: USD 1,655,318,601
• 2016 Q2: USD 1,451,423,364
• 2016 Q3: USD 1,248,570,261
• 2016 Q4: USD 982,375,727
• 2017 Q1: USD 1,033,399,807
• 2017 Q2: USD 981,709,182
• 2017 Q3: USD 906,743,301
• 2017 Q4: USD 726,001,857
• 2018 Q1: USD 700,631,276
• 2018 Q2: USD 744,280,876
• 2018 Q3: USD 599,452,992
• 2018 Q4: USD 366,720,517
• 2019 Q1: USD 473,281,859
• 2019 Q2: USD 467,342,580
• 2019 Q3: USD 475,010,595
• 2019 Q4: USD 527,507,358
• 2020 Q1: USD 510,013,697
• 2020 Q2: USD 597,641,058
• 2020 Q3: USD 652,683,193
• 2020 Q4: USD 1,235,775,204
• 2021 Q1: USD 1,211,648,714
• 2021 Q2: USD 1,267,306,339
• 2021 Q3: USD 1,242,319,797
• 2021 Q4: USD 1,529,269,496
• 2022 Q1: USD 1,722,874,557
• 2022 Q2: USD 1,209,158,209
• 2022 Q3: USD 1,028,790,467
• 2022 Q4: USD 1,195,720,851
• 2023 Q1: USD 1,208,960,621
• 2023 Q2: USD 1,315,227,928
• 2023 Q3: USD 1,407,069,805
• 2023 Q4: USD 1,558,592,095
• 2024 Q1: USD 1,511,309,278
• 2024 Q2: USD 1,388,497,868
• 2024 Q3: USD 1,458,776,932
• 2024 Q4: USD 1,181,933,275
• 2025 Q1: USD 1,215,295,002
• 2025 Q2: USD 1,226,999,065
• 2025 Q3: USD 1,238,813,004
• 2025 Q4: USD 1,433,639,747
• 2026 Q1: USD 1,514,343,936
• 2026 Q2: USD 1,489,886,000