Fairholme Capital Management
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Bruce Berkowitz's Fairholme Capital Management reported 12 stock positions worth $1.2 billion. Its top holding was St Joe (JOE) at 78.1% of the portfolio, followed by Enterprise Products Partners (EPD, 15.3%) and Bank Ozk (OZK, 2.3%). Compared with Q4 2024, it opened 2 new positions, added to 2 and reduced 3. The biggest buy was Enterprise Products Partners (EPD, shares +0%) and the biggest sale Energy Transfer (ET, shares −80%).
- Most Recent 13F
- Q2 2026
- Notable People
- Bruce Berkowitz
- Location
- South Miami, FL
- CIK
- 0001056831
- Portfolio Value
- $1.2B (Q1 2025)
- SEC Filing
- 0000919574-25-003250 ↗ filed May 15, 2025
Holdings Value
Holdings 12 stocks · $1.2B
| JOE The St Joe Co. | 78.07% | 20,206,867 | $948.7M | Reduce -2.0% |
| EPD Enterprise Products Partners | 15.31% | 5,450,400 | $186.1M | Add +0.0% |
| OZK Bank Ozk | 2.26% | 631,602 | $27.4M | Reduce -1.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.14% | 48,717 | $25.9M | No change |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 1.53% | 261,450 | $18.6M | No change |
| ET Energy Transfer LP | 0.25% | 166,600 | $3.1M | Reduce -80.5% |
| OXY Occidental Petroleum Corp. | 0.22% | 54,300 | $2.7M | Add +503.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.07% | 1 | $798K | No change |
| FANG Diamondback Energy Inc. | 0.05% | 4,000 | $640K | New |
| AAPL Apple Inc. | 0.04% | 2,400 | $533K | No change |
| CNR Core Natural Resources Inc. | 0.03% | 5,000 | $386K | New |
| EOG EOG Resources Inc. | 0.02% | 2,000 | $256K | No change |
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 13 | $1.5B | JOE, EPD, OZK, BRK.B, WRB |
| Q1 2026 | 10 | $1.5B | JOE, EPD, OZK, BRK.B, WRB |
| Q4 2025 | 15 | $1.4B | JOE, EPD, OZK, BRK.B, WRB |
| Q3 2025 | 12 | $1.2B | JOE, EPD, OZK, BRK.B, WRB |
| Q2 2025 | 12 | $1.2B | JOE, EPD, OZK, BRK.B, WRB |
| Q1 2025 | 12 | $1.2B | JOE, EPD, OZK, BRK.B, WRB |
| Q4 2024 | 10 | $1.2B | JOE, EPD, OZK, BRK.B, ET |
| Q3 2024 | 7 | $1.5B | JOE, EPD, OZK, BRK.B, WRB |
| Q2 2024 | 7 | $1.4B | JOE, EPD, OZK, BRK.B, WRB |
| Q1 2024 | 7 | $1.5B | JOE, EPD, BRK.B, OZK, WRB |