Bruce Berkowitz

Net selling

Fairholme Capital Management Llc — managed by Bruce Berkowitz; US equity positions disclosed quarterly via SEC 13F

Data as of 2026-03-31 (filed 2026-05-15) · Source: SEC EDGAR

Portfolio value$1.51B（+6%）

Holdings10（−5）

Reporting quarterQ1 2026

Top holdingSt Joe Co

Portfolio overview

Fairholme Capital Management Llc's most recent 13F filing, for the quarter ended 2026-03-31, reports 10 positions worth $1.51B. The top 5 holdings represent 99% of that value, a concentrated portfolio.

The single largest position is St Joe Co at 79.7% of the portfolio, followed by Enterprise Prods Partners L at 13.6% and Bank Ozk at 2.8%.

Against the prior quarter, Bruce Berkowitz opened 2 new positions, exited 7, added to 5, and trimmed 2. The largest new buy was Kraft Heinz Co. The most notable sale was the full exit from Energy Transfer L P.

Across all 8 quarters on file, St Joe Co has appeared in every filing, as has Enterprise Prods Partners L. St Joe Co currently ranks first by value.

A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.

High-conviction

Enterprise Prods Partners LEPDBig new buy

Big add last quarter — 13.6% of the book.

St Joe CoJOECore · 8q

A core position held 8 quarters running.

Bank OzkOZKCore · 8q

A core position held 8 quarters running.

Strike-zone picks

None of Bruce Berkowitz's tracked holdings are in the strike zone right now.

Valuation as of 2026-07-02; method: conservative Greenwald value band + Owner-Earnings DCF. Position observation, not advice.

Next · is it cheap

Bruce Berkowitz has no positions in the strike zone right now.

Browse the whole market by value band

Holdings

Security	Value	Valuation	Holders	Shares	Weight (prev→now)
St Joe CoJOE	$1.21B	Above value	1	19,210,167	80.4% → 79.7% ▼
Enterprise Prods Partners LEPD	$206.4M	Above value	4	5,455,800	12.2% → 13.6% ▲
Bank OzkOZK	$42.3M	—	3	921,252	2.9% → 2.8% ▲
Berkshire Hathaway IncBRK.B	$24.2M	—	22	50,452	1.7% → 1.6% ▲
Wr Berkley CorpWRB	$17.0M	Above value	2	256,350	1.3% → 1.1% ▼
Progressive CorpPGR	$13.2M	Above value	8	66,400	0.4% → 0.9% ▲
Kraft Heinz CoKHC	$2.4M	—	7	105,300	New · 0.2%
Berkshire Hathaway IncBRK.A	$1.4M	—	14	2	0.1% → 0.1% ▲
Apple IncAAPL	$609,096	Above value	21	2,400	0.0% → 0.0%
Home Bancshares IncHOMB	$325,853	Above value	2	12,100	New · 0.0%

St Joe CoJOE
Value$1.21BValuationAbove valueHolders1Weight (prev→now)80.4% → 79.7% ▼
Enterprise Prods Partners LEPD
Value$206.4MValuationAbove valueHolders4Weight (prev→now)12.2% → 13.6% ▲
Bank OzkOZK
Value$42.3MValuation—Holders3Weight (prev→now)2.9% → 2.8% ▲
Berkshire Hathaway IncBRK.B
Value$24.2MValuation—Holders22Weight (prev→now)1.7% → 1.6% ▲
Wr Berkley CorpWRB
Value$17.0MValuationAbove valueHolders2Weight (prev→now)1.3% → 1.1% ▼
Progressive CorpPGR
Value$13.2MValuationAbove valueHolders8Weight (prev→now)0.4% → 0.9% ▲
Kraft Heinz CoKHC
Value$2.4MValuation—Holders7Weight (prev→now)New · 0.2%
Berkshire Hathaway IncBRK.A
Value$1.4MValuation—Holders14Weight (prev→now)0.1% → 0.1% ▲
Apple IncAAPL
Value$609,096ValuationAbove valueHolders21Weight (prev→now)0.0% → 0.0%
Home Bancshares IncHOMB
Value$325,853ValuationAbove valueHolders2Weight (prev→now)New · 0.0%

Exited this quarter (7)Cf Inds Hldgs Inc、Occidental Pete Corp、Energy Transfer L P、Target Corp、Natural Resource Partners L、Diamondback Energy Inc、Eog Res Inc

Sources· SEC EDGAR 13F as of 2026-03-31 · filed 2026-05-15

Stay Updated

Curated 13F moves and valuation insights, straight to your inbox.