Fairholme Capital Management: 13F holdings, Q2 2026
Concentrated value · SEC EDGAR filings (CIK 0001056831) · Explore on the interactive board
Fairholme Capital Management disclosed 13 US equity positions worth $1.5bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is JOE at 76.4% of the reported book, followed by EPD, OZK. The top ten holdings are 99.8% of the book, and the portfolio behaves like about 2 equal-weight positions. Versus the prior filing it opened 3 new positions, added to 4, reduced 1 and exited 0.
What does Fairholme Capital Management own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 3 new, 4 added, 1 reduced, 0 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | JOE ST JOE CO | Real Estate | 76.4% | $1.1bn | 18,182,367 | -5% | reduced |
| 2 | EPD ENTERPRISE PRODS PARTNERS L | Energy | 13.5% | $200.6m | 5,455,800 | 0% | held |
| 3 | OZK BANK OZK | Financial Services | 3.2% | $48.0m | 921,252 | 0% | held |
| 4 | BRK/B BERKSHIRE HATHAWAY INC DEL | 3.0% | $44.0m | 87,852 | 74% | added | |
| 5 | WRB WR Berkley Corp | Financial Services | 1.2% | $18.1m | 256,350 | 0% | held |
| 6 | PGR PROGRESSIVE CORP | Financial Services | 1.1% | $15.8m | 72,200 | 9% | added |
| 7 | BRK/A BERKSHIRE HATHAWAY INC DEL | 0.6% | $8.2m | 11 | 450% | added | |
| 8 | PFE PFIZER INC | Healthcare | 0.4% | $5.6m | 231,000 | – | new |
| 9 | KHC KRAFT HEINZ CO | Consumer Defensive | 0.3% | $4.8m | 202,300 | 92% | added |
| 10 | CPB THE CAMPBELLS COMPANY | Consumer Defensive | 0.2% | $2.6m | 116,500 | – | new |
| 11 | UPS UNITED PARCEL SVCS INC | Industrials | 0.2% | $2.6m | 23,800 | – | new |
| 12 | AAPL APPLE INC | Technology | 0.0% | $694.5k | 2,400 | 0% | held |
| 13 | HOMB HOME BANCSHARES INC | Financial Services | 0.0% | $345.5k | 12,100 | 0% | held |
Sector mix
| Sector | Weight |
|---|---|
| Real Estate | 76.4% |
| Energy | 13.5% |
| Financial Services | 5.5% |
| Consumer Defensive | 0.5% |
| Healthcare | 0.4% |
| Industrials | 0.2% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
| Quarter | Positions | Equity value |
|---|---|---|
| Q2 2026 | 13 | $1.5bn |
| Q1 2026 | 10 | $1.5bn |
| Q4 2025 | 15 | $1.4bn |
| Q3 2025 | 12 | $1.2bn |
| Q2 2025 | 12 | $1.2bn |
| Q1 2025 | 12 | $1.2bn |
| Q4 2024 | 10 | $1.2bn |
| Q3 2024 | 7 | $1.5bn |
| Q2 2024 | 7 | $1.4bn |
| Q1 2024 | 7 | $1.5bn |
| Q4 2023 | 7 | $1.6bn |
| Q3 2023 | 8 | $1.4bn |
| Q2 2023 | 11 | $1.3bn |
| Q1 2023 | 11 | $1.2bn |
| Q4 2022 | 12 | $1.2bn |
| Q3 2022 | 13 | $1.0bn |
Earliest filing: Q1 1999 · 110 quarters on file
How concentrated is Fairholme Capital Management's portfolio?
Across every quarter Fairholme Capital Management has filed, its median largest position is 41.7% of the book and its median top-ten weight is 98.7%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 359 completed holding spells, the median lasted 3.0 quarters; 13 positions are still open and their final length is unknown.