FAIRHOLME CAPITAL MANAGEMENT LLC — 13F Holdings & Portfolio
CIK 1056831 · latest 13F-HR filed 2026-08-14
FAIRHOLME CAPITAL MANAGEMENT LLC manages $1.49B in 13F-reported U.S. long-equity assets across 13 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are JOE (76.43%), EPD (13.46%), OZK (3.22%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions and exited 0; 8 existing positions rose in reported value and 1 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-14
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 99.8%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Mar 27, 2026.
SUITE 300
SOUTH MIAMI, FL 33143
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| BERKOWITZ, ALEXANDER, MICHAEL Control | CHIEF LEGAL OFFICER AND TREASURER since Nov 2024 | Less than 5% | Individual |
| BERKOWITZ, BRUCE, ROBERT Control | CHIEF INVESTMENT OFFICER since Jun 1997 | Less than 5% | Individual |
| FAIRHOLME HOLDINGS LLC Control | SOLE MEMBER since Jan 2015 | 75% or more | Domestic Entity |
| FONT, FERNANDO, MANUEL Control | CHIEF OPERATING OFFICER since Aug 2009 | Less than 5% | Individual |
| KAPAHI, ERICA, K Control | CHIEF COMPLIANCE OFFICER AND CHIEF ADMINISTRATIVE OFFICER since Feb 2020 | Less than 5% | Individual |
| BERKOWITZ, BRUCE, ROBERT Control Indirect owner via GABLES INVESTMENT PARTNERSHIP, LLLP | LIMITED PARTNER since Jun 2007 | 75% or more | Individual |
| BERKOWITZ, BRUCE, ROBERT Control Indirect owner via GABLES INVESTMENT GP, LLC | MANAGING MEMBER since Jun 2007 | 75% or more | Individual |
| BERKOWITZ, BRUCE, ROBERT Control Indirect owner via FAIRHOLME HOLDINGS LLC | MANAGER since Jan 2015 | General partner, trustee or manager | Individual |
| EAST LANE LLC Control Indirect owner via FAIRHOLME HOLDINGS LLC | MEMBER since Jan 2015 | 25–50% | Domestic Entity |
| GABLES INVESTMENT GP, LLC Control Indirect owner via GABLES INVESTMENT PARTNERSHIP, LLLP | GENERAL PARTNER since Jun 2007 | General partner, trustee or manager | Domestic Entity |
| GABLES INVESTMENT PARTNERSHIP, LLLP Control Indirect owner via FAIRHOLME HOLDINGS LLC | MEMBER since Jan 2015 | 50–75% | Domestic Entity |
Ownership & leadership changes · 7 filings with changes since Mar 23, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- No longer listedKELLNER, WAYNE · CHIEF FINANCIAL OFFICER AND CHIEF OPERATING OFFICER · Less than 5% · control person · listed since Jan 2012
- AddedBERKOWITZ, ALEXANDER, MICHAEL · CHIEF LEGAL OFFICER AND TREASURER · Less than 5% · control person
- ChangedFONT, FERNANDO, MANUEL · title CHIEF ADMINISTRATIVE OFFICER → CHIEF OPERATING OFFICER
- ChangedKAPAHI, ERICA, K · title CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER AND CHIEF ADMINISTRATIVE OFFICER
- No longer listedTHOMSON, PAUL, R. · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Apr 2010
- AddedKAPAHI, ERICA, K · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- No longer listedFRAENKEL, FRED, STEVEN · PRESIDENT AND CHIEF RESEARCH OFFICER · Less than 5% · control person · listed since Jan 2013
- ChangedKELLNER, WAYNE · title CHIEF FINANCIAL OFFICER → CHIEF FINANCIAL OFFICER AND CHIEF OPERATING OFFICER
- No longer listedEAST LANE, L.L.C. · MEMBER · 25–50% · control person · listed since Jun 1997
- No longer listedGABLES INVESTMENT PARTNERSHIP, LLLP · MEMBER · 50–75% · control person · listed since Jun 2007
- AddedBERKOWITZ, BRUCE, ROBERT · MANAGER · General partner, trustee or manager · indirect via FAIRHOLME HOLDINGS LLC · control person
- AddedEAST LANE LLC · MEMBER · 25–50% · indirect via FAIRHOLME HOLDINGS LLC · control person
- AddedFAIRHOLME HOLDINGS LLC · SOLE MEMBER · 75% or more · control person
- AddedGABLES INVESTMENT PARTNERSHIP, LLLP · MEMBER · 50–75% · indirect via FAIRHOLME HOLDINGS LLC · control person
- ChangedBERKOWITZ, BRUCE, ROBERT · title MANAGING MEMBER → CHIEF INVESTMENT OFFICER; ownership 10–25% → Less than 5%
- AddedFONT, FERNANDO, MANUEL · CHIEF ADMINISTRATIVE OFFICER · Less than 5% · control person
- ChangedFRAENKEL, FRED, STEVEN · title CHIEF RESEARCH OFFICER → PRESIDENT AND CHIEF RESEARCH OFFICER
- ListedBERKOWITZ, BRUCE, ROBERT · MANAGING MEMBER · 10–25% · control person
- ListedBERKOWITZ, BRUCE, ROBERT · MANAGING MEMBER · 75% or more · indirect via GABLES INVESTMENT GP, LLC · control person
- ListedBERKOWITZ, BRUCE, ROBERT · LIMITED PARTNER · 75% or more · indirect via GABLES INVESTMENT PARTNERSHIP, LLLP · control person
- ListedEAST LANE, L.L.C. · MEMBER · 25–50% · control person
- ListedFRAENKEL, FRED, STEVEN · CHIEF RESEARCH OFFICER · Less than 5% · control person
- ListedGABLES INVESTMENT GP, LLC · GENERAL PARTNER · General partner, trustee or manager · indirect via GABLES INVESTMENT PARTNERSHIP, LLLP · control person
- ListedGABLES INVESTMENT PARTNERSHIP, LLLP · MEMBER · 50–75% · control person
- ListedKELLNER, WAYNE · CHIEF FINANCIAL OFFICER · Less than 5% · control person
- ListedTHOMSON, PAUL, R. · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- BERKSHIRE HATHAWAY INC DEL$19.8M +81.8%
- BERKSHIRE HATHAWAY INC DEL$6.8M +473.5%
- BANK OZK$5.7M +13.5%
- PROGRESSIVE CORP$2.6M +19.8%
- KRAFT HEINZ CO$2.4M +101.8%
FAIRHOLME CAPITAL MANAGEMENT LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ST JOE CO | JOE | 790148100 | $1.14B | 76.43% | 18,182,367 | SH |
| 2 | ENTERPRISE PRODS PARTNERS L | EPD | 293792107 | $200.6M | 13.46% | 5,455,800 | SH |
| 3 | BANK OZK | OZK | 06417N103 | $48.0M | 3.22% | 921,252 | SH |
| 4 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $44.0M | 2.95% | 87,852 | SH |
| 5 | WR Berkley Corp | WRB | 084423102 | $18.1M | 1.21% | 256,350 | SH |
| 6 | PROGRESSIVE CORP | PGR | 743315103 | $15.8M | 1.06% | 72,200 | SH |
| 7 | BERKSHIRE HATHAWAY INC DEL | BRK.A | 084670108 | $8.2M | 0.55% | 11 | SH |
| 8 | PFIZER INC | PFE | 717081103 | $5.6M | 0.37% | 231,000 | SH |
| 9 | KRAFT HEINZ CO | KHC | 500754106 | $4.8M | 0.32% | 202,300 | SH |
| 10 | THE CAMPBELLS COMPANY | CPB | 134429109 | $2.6M | 0.17% | 116,500 | SH |
| 11 | UNITED PARCEL SVCS INC | UPS | 911312106 | $2.6M | 0.17% | 23,800 | SH |
| 12 | APPLE INC | AAPL | 037833100 | $694.5K | 0.05% | 2,400 | SH |
| 13 | HOME BANCSHARES INC | HOMB | 436893200 | $345.5K | 0.02% | 12,100 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $1.49B | 13 | 0000919574-26-005488 |
| 2026-03-31 | 2026-05-15 | $1.51B | 10 | 0000919574-26-003485 |
| 2025-12-31 | 2026-02-17 | $1.43B | 15 | 0000919574-26-001186 |
| 2025-09-30 | 2025-11-14 | $1.24B | 12 | 0000919574-25-007000 |
SUITE 300
SOUTH MIAMI, FL 33143