Fairholme Capital Management

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Bruce Berkowitz's Fairholme Capital Management reported 12 stock positions worth $1.2 billion. Its top holding was St Joe (JOE) at 78.2% of the portfolio, followed by Enterprise Products Partners (EPD, 13.8%) and Bank Ozk (OZK, 3.8%). Compared with Q2 2025, it reduced 3. The biggest sale was St Joe (JOE, shares −3%).

Most Recent 13F
Q2 2026
Notable People
Bruce Berkowitz
Location
South Miami, FL
CIK
0001056831
Portfolio Value
$1.2B (Q3 2025)
SEC Filing
0000919574-25-007000 ↗ filed Nov 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.5B Q1 2024 Q2 2024: $1.4B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.2B Q4 2024 Q1 2025: $1.2B Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.2B $1.2B Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 12 stocks · $1.2B
JOE The St Joe Co. 78.19% 19,578,367 $968.7M Reduce -3.1%
EPD Enterprise Products Partners 13.76% 5,450,400 $170.4M No change
OZK Bank Ozk 3.77% 915,652 $46.7M Reduce -0.1%
BRK.B Berkshire Hathaway Inc. Class B 1.97% 48,437 $24.4M Reduce -0.3%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 1.62% 261,450 $20.0M No change
OXY Occidental Petroleum Corp. 0.26% 69,100 $3.3M No change
ET Energy Transfer LP 0.23% 166,600 $2.9M No change
BRK.A Berkshire Hathaway Inc. Class A 0.06% 1 $754K No change
AAPL Apple Inc. 0.05% 2,400 $611K No change
FANG Diamondback Energy Inc. 0.05% 4,000 $572K No change
CNR Core Natural Resources Inc. 0.03% 5,000 $417K No change
EOG EOG Resources Inc. 0.02% 2,000 $224K No change

Portfolio Sells Q2 2025 → Q3 2025
JOE The St Joe Co. Reduce -3.1% 78.19% −0.35
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.3% 1.97% +0.04
OZK Bank Ozk Reduce -0.1% 3.77% +0.25

Portfolio Buys Q2 2025 → Q3 2025
None this quarter.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 13$1.5BJOE, EPD, OZK, BRK.B, WRB
Q1 2026 10$1.5BJOE, EPD, OZK, BRK.B, WRB
Q4 2025 15$1.4BJOE, EPD, OZK, BRK.B, WRB
Q3 2025 12$1.2BJOE, EPD, OZK, BRK.B, WRB
Q2 2025 12$1.2BJOE, EPD, OZK, BRK.B, WRB
Q1 2025 12$1.2BJOE, EPD, OZK, BRK.B, WRB
Q4 2024 10$1.2BJOE, EPD, OZK, BRK.B, ET
Q3 2024 7$1.5BJOE, EPD, OZK, BRK.B, WRB
Q2 2024 7$1.4BJOE, EPD, OZK, BRK.B, WRB
Q1 2024 7$1.5BJOE, EPD, BRK.B, OZK, WRB