Fairholme Capital Management 13F holdings, Q4 2004
Holdings as of December 31, 2004 · filings on SEC EDGAR · latest filing →
Fairholme Capital Management disclosed 26 US equity positions worth $727.0m in its Q4 2004 13F filing. The largest position was LEUCADIA NATL at 37.2% of the reported book, followed by MCI INC and WHITE MTNS INS GROUP LTD. Against the Q3 2004 filing, it opened 4 new positions, added to 5 and reduced 5 among the top 26 holdings.
What did Fairholme Capital Management own in Q4 2004? Top 26 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2004 |
|---|---|---|---|---|---|---|---|
| 1 | LEUCADIA NATL | 37.2% | $270.2m | 3,888,931 | -3% | reduced | |
| 2 | MCI INC | 30.9% | $224.3m | 11,125,335 | 21% | added | |
| 3 | WHITE MTNS INS GROUP LTD | 8.5% | $61.4m | 95,113 | -0% | held | |
| 4 | MCY MERCURY GENL CORP NEW | Financial Services | 8.3% | $60.7m | 1,012,522 | 0% | held |
| 5 | CNQ CANADIAN NAT RES LTD | Energy | 3.8% | $28.0m | 654,200 | – | new |
| 6 | AT&T CORP | 2.6% | $19.1m | 1,001,500 | – | new | |
| 7 | HOMEFED CORP | 2.2% | $16.0m | 320,664 | -0% | held | |
| 8 | ECHOSTAR COMMNTNS NEW | 1.6% | $11.6m | 347,550 | 127% | added | |
| 9 | WFC WELLS FARGO & CO | Financial Services | 1.0% | $7.2m | 116,410 | 0% | held |
| 10 | USA MOBILITY INC | 0.9% | $6.3m | 179,241 | – | new | |
| 11 | DUKE ENERGY CORP | 0.8% | $6.0m | 237,540 | -0% | held | |
| 12 | HEALTH MGMT ASSOC INC | 0.6% | $4.2m | 185,900 | -1% | reduced | |
| 13 | FIRST UNION REAL ESTATE EQ&MTG | 0.5% | $3.5m | 926,615 | 19% | added | |
| 14 | HSBC HSBC HLDGS PLC SPON | Financial Services | 0.4% | $2.7m | 31,537 | 0% | held |
| 15 | DJCO DAILY JOURNAL CORP | Technology | 0.2% | $1.6m | 42,925 | 13% | added |
| 16 | KO COCA COLA CO | Consumer Defensive | 0.1% | $724.0k | 17,397 | -56% | reduced |
| 17 | MKL MARKEL CORP | Financial Services | 0.1% | $714.0k | 1,961 | -97% | reduced |
| 18 | WESCO FINL CORP | 0.1% | $669.0k | 1,702 | 0% | held | |
| 19 | GOLDEN WEST FINL DEL | 0.1% | $482.0k | 7,852 | 100% | added | |
| 20 | GYRODYNE CO AMER INC | 0.1% | $438.0k | 11,026 | 0% | held | |
| 21 | SYSTEMAX INC | 0.0% | $275.0k | 37,500 | 0% | held | |
| 22 | MU MICRON TECHNOLOGY INC | Technology | 0.0% | $247.0k | 20,000 | 0% | held |
| 23 | MS MORGAN STAN DEAN WITTR NEW | Financial Services | 0.0% | $223.0k | 4,010 | -20% | reduced |
| 24 | RLI RLI CORP | Financial Services | 0.0% | $208.0k | 5,002 | – | new |
| 25 | MERITOR SVGS BK PA | 0.0% | $197.0k | 43,645 | 0% | held | |
| 26 | CITIBANK WEST FSB-SCLP | 0.0% | $6.0k | 12,000 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.