Fairholme Capital Management
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Bruce Berkowitz's Fairholme Capital Management reported 10 stock positions worth $1.5 billion. Its top holding was St Joe (JOE) at 79.7% of the portfolio, followed by Enterprise Products Partners (EPD, 13.6%) and Bank Ozk (OZK, 2.8%). Compared with Q4 2025, it opened 2 new positions, sold out of 7, added to 5 and reduced 2. The biggest buy was Enterprise Products Partners (EPD, shares +0%) and the biggest sale St Joe (JOE, shares −1%).
- Most Recent 13F
- Q2 2026
- Notable People
- Bruce Berkowitz
- Location
- South Miami, FL
- CIK
- 0001056831
- Portfolio Value
- $1.5B (Q1 2026)
- SEC Filing
- 0000919574-26-003485 ↗ filed May 15, 2026
Holdings Value
Holdings 10 stocks · $1.5B
| JOE The St Joe Co. | 79.67% | 19,210,167 | $1.2B | Reduce -1.1% |
| EPD Enterprise Products Partners | 13.63% | 5,455,800 | $206.4M | Add +0.1% |
| OZK Bank Ozk | 2.79% | 921,252 | $42.3M | Add +0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.60% | 50,452 | $24.2M | Add +5.1% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 1.12% | 256,350 | $17.0M | Reduce -1.5% |
| PGR Progressive Corp. | 0.87% | 66,400 | $13.2M | Add +159.4% |
| KHC The Kraft Heinz Co. | 0.16% | 105,300 | $2.4M | New |
| BRK.A Berkshire Hathaway Inc. Class A | 0.09% | 2 | $1.4M | Add +100.0% |
| AAPL Apple Inc. | 0.04% | 2,400 | $609K | No change |
| HOMB Home Bancshares Inc. | 0.02% | 12,100 | $326K | New |
Portfolio Sells Q4 2025 → Q1 2026
| JOE The St Joe Co. | Reduce -1.1% | 79.67% | −0.76 |
| CF CF Industries Holdings Inc. | Sold out | 0.00% | −0.30 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.20 |
| ET Energy Transfer LP | Sold out | 0.00% | −0.19 |
| TGT Target Corp. | Sold out | 0.00% | −0.16 |
| WRB WR Berkley Corp. | Reduce -1.5% | 1.12% | −0.15 |
| NRP Natural Resource Partners LP | Sold out | 0.00% | −0.09 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.04 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| EPD Enterprise Products Partners | Add +0.1% | 13.63% | +1.45 |
| PGR Progressive Corp. | Add +159.4% | 0.87% | +0.46 |
| KHC The Kraft Heinz Co. | New | 0.16% | +0.16 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +100.0% | 0.09% | +0.04 |
| HOMB Home Bancshares Inc. | New | 0.02% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +5.1% | 1.60% | −0.09 |
| OZK Bank Ozk | Add +0.8% | 2.79% | −0.14 |
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 |