Funds › Fairholme Capital Management (Bruce Berkowitz) › Q2 2002Fairholme Capital Management (Bruce Berkowitz) 13F holdings, Q2 2002 Fairholme Capital Management (Bruce Berkowitz) disclosed 31 US equity positions worth $217.9m in its Q2 2002 13F filing. Its largest position is MCY at 27.9% of the reported book, followed by MKL and LEUCADIA NATL CORP. Versus Q1 2002 it opened 3 new positions, added to 8, reduced 3 and exited 7.
$218m Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
31 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
27.9% Largest position The largest single position as a share of the reported equity book.
96.2% Top 10 weight The ten largest positions together, as a share of the reported equity book.
5 Effective positions 1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
110 Quarters on file since Q1 1999 Quarters for which this manager's 13F holdings are on record. Holdings Against Q1 2002: 3 new , 8 added , 3 reduced , 7 exited
31 rows
Stock Sector Weight Value Shares Δ shares Action MCY MERCURY GENL CORP NEW Financial Services 27.9% $60.8m 1.25m −5.1% reduced MKL MARKEL GROUP INC Financial Services 25.0% $54.5m 276,600 +1.0% added LEUCADIA NATL CORP no ticker – 21.0% $45.8m 1.45m +2.0% added WHITE MTNS INS GROUP LTD no ticker – 13.4% $29.2m 92,300 0.0% held WFC WELLS FARGO & CO Financial Services 3.3% $7.1m 142,360 0.0% held U S G CORP no ticker – 2.3% $4.9m 690,909 −1.8% reduced HOMEFED CORP no ticker – 1.2% $2.6m 2.81m +0.6% added KO COCA COLA CO Consumer Defensive 1.0% $2.3m 40,228 −1.0% reduced AXP AMERICAN EXPRESS CO Financial Services 0.6% $1.4m 38,600 0.0% held FEDERAL HOME LN MTG CP no ticker – 0.6% $1.2m 20,000 0.0% held FIRST UNION REAL ESTATE EQ&MTG no ticker – 0.4% $931k 409,975 0.0% held OXFORD HEALTH PLANS no ticker – 0.4% $929k 20,000 0.0% held GATEWAY INC no ticker – 0.4% $844k 190,000 +46% added ISCAUSD INTERNATIONAL SPEEDWAY CORP – 0.4% $833k 20,784 0.0% held VNO VORNADO RLTY TR Real Estate 0.3% $669k 14,491 0.0% held GOLDEN ST BANCORP INC WT EXP WT no ticker – 0.3% $556k 510,500 +43% added STUDENT LN CORP no ticker – 0.2% $431k 5,200 +63% added CALIFORNIA FED CAP no ticker – 0.2% $405k 15,500 0.0% held MU MICRON TECHNOLOGY INC Technology 0.2% $404k 20,000 – new ABX BARRICK GOLD CORP Financial Services 0.2% $374k 19,700 0.0% held ONEX CORP no ticker – 0.2% $335k 24,600 – new GYRODYNE CO AMER INC no ticker – 0.1% $296k 17,632 +10.0% added INTC INTEL CORP Technology 0.1% $293k 16,056 0.0% held GOLDEN WEST FINL DEL no ticker – 0.1% $284k 4,123 0.0% held TJX TJX COS INC NEW Consumer Cyclical 0.1% $279k 14,240 +100% added SYXUSD SYSTEMAX INC – 0.04% $90.0k 37,500 0.0% held EGOVEUR NIC INC – 0.03% $75.0k 50,500 – new MERITOR SVGS BK PA no ticker – 0.03% $63.0k 43,645 0.0% held ELAN PLC no ticker – 0.03% $55.0k 10,000 0.0% held CALIF FED BK-GOODWILL CERTIF no ticker – 0.01% $30.0k 12,006 0.0% held TOKHEIM CORP SER C WT EXP 1020 WT no ticker – 0.0% $1.0k 60,000 0.0% held
Exited since Q1 2002 7 rows
Stock Prior weight Prior value SPRINT NEXTEL CORP no ticker 0.3% $612k GAP GAP INC 0.3% $602k ECHOSTAR COMMNTNS NEW no ticker 0.2% $425k TOWN & CTRY TR SH BEN INT no ticker 0.1% $274k DJCO DAILY JOURNAL CORP 0.09% $208k NATIONAL INFO CONSORT no ticker 0.09% $197k NEW ANACONDA CO no ticker 0.0% $4.0k
Sector mix Financial Services 57.0% Unclassified 41.2% Consumer Defensive 1.0% Technology 0.3% Real Estate 0.3% Consumer Cyclical 0.1% Book over time Every quarter on file (110) Where Fairholme Capital Management (Bruce Berkowitz) was early Concentration and tenure
41.7% Median largest position, all quarters The largest single position as a share of the reported equity book.
98.7% Median top 10 weight, all quarters The ten largest positions together, as a share of the reported equity book.
Concentrated Style, by median largest position
3 Median completed holding, quarters