Fairholme Capital Management 13F holdings, Q3 2008
Holdings as of September 30, 2008 · filings on SEC EDGAR · latest filing →
Fairholme Capital Management disclosed 33 US equity positions worth $6.6bn in its Q3 2008 13F filing. The largest position was SEARS HLDGS CORP at 20.6% of the reported book, followed by LEUCADIA NATL CORP and UNH. Against the Q2 2008 filing, it opened 5 new positions, added to 8 and reduced 12 among the top 33 holdings.
What did Fairholme Capital Management own in Q3 2008? Top 33 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2008 |
|---|---|---|---|---|---|---|---|
| 1 | SEARS HLDGS CORP | 20.6% | $1.4bn | 14,596,690 | 18% | added | |
| 2 | LEUCADIA NATL CORP | 10.6% | $704.2m | 15,497,343 | 35% | added | |
| 3 | UNH UNITEDHEALTH GROUP INC | Healthcare | 7.9% | $525.5m | 20,695,583 | 22% | added |
| 4 | FOREST LABS INC | 7.7% | $511.7m | 18,094,100 | 47% | added | |
| 5 | CNQ CANADIAN NAT RES LTD | Energy | 7.2% | $476.6m | 6,961,324 | 46% | added |
| 6 | BA BOEING CO | Industrials | 7.1% | $472.3m | 8,236,177 | – | new |
| 7 | MHK MOHAWK INDS INC | Consumer Cyclical | 6.6% | $438.8m | 6,511,721 | -9% | reduced |
| 8 | JOE ST JOE CO | Real Estate | 6.5% | $430.5m | 11,012,900 | 16% | added |
| 9 | DISH DISH NETWORK CORP | 6.2% | $411.2m | 19,580,622 | -21% | reduced | |
| 10 | WELLCARE HEALTH PLANS INC | 4.5% | $299.7m | 8,325,300 | – | new | |
| 11 | NOC NORTHROP GRUMMAN CORP | Industrials | 4.0% | $265.7m | 4,389,480 | – | new |
| 12 | AMERICREDIT CORP | 3.2% | $213.2m | 21,049,200 | 40% | added | |
| 13 | URI UNITED RENTALS INC | Industrials | 2.0% | $131.8m | 8,650,727 | -11% | reduced |
| 14 | HERTZ GLOBAL HOLDINGS INC | 1.4% | $93.6m | 12,360,500 | – | new | |
| 15 | ECHO ECHOSTAR CORP | Communication Services | 1.3% | $87.2m | 3,618,426 | -41% | reduced |
| 16 | MUELLER WTR PRODS INC | 1.0% | $64.2m | 9,879,900 | -24% | reduced | |
| 17 | TAL INTL GROUP INC | 0.8% | $50.7m | 2,436,697 | 0% | held | |
| 18 | S9Q SPIRIT AEROSYSTEMS HLDGS INC C | 0.7% | $48.7m | 3,031,600 | – | new | |
| 19 | WINTHROP RLTY TR SH BEN INT | 0.3% | $19.8m | 5,086,829 | 17% | added | |
| 20 | HOMEFED CORP | 0.1% | $9.1m | 208,957 | -28% | reduced | |
| 21 | WHITE MTNS INS GROUP LTD | 0.1% | $3.4m | 7,274 | 0% | held | |
| 22 | IDT CORP | 0.0% | $2.3m | 3,119,800 | -53% | reduced | |
| 23 | DJCO DAILY JOURNAL CORP | Technology | 0.0% | $2.3m | 52,479 | -19% | reduced |
| 24 | HSBC HSBC HLDGS PLC SPON | Financial Services | 0.0% | $1.5m | 18,847 | 0% | held |
| 25 | IDT CORP | 0.0% | $1.3m | 2,553,700 | -3% | reduced | |
| 26 | BMY BRISTOL MYERS SQUIBB CO | Healthcare | 0.0% | $1.2m | 56,100 | -1% | reduced |
| 27 | PENN WEST ENERGY TR TR UNIT | 0.0% | $768.0k | 31,877 | -81% | reduced | |
| 28 | KO COCA COLA CO | Consumer Defensive | 0.0% | $682.0k | 12,900 | 0% | held |
| 29 | GYRODYNE CO AMER INC | 0.0% | $420.0k | 11,026 | 0% | held | |
| 30 | WESCO FINL CORP | 0.0% | $350.0k | 980 | 0% | held | |
| 31 | MCY MERCURY GENL CORP NEW | Financial Services | 0.0% | $282.0k | 5,150 | -92% | reduced |
| 32 | MKL MARKEL CORP | Financial Services | 0.0% | $264.0k | 750 | 0% | held |
| 33 | MERITOR SVGS BK PA | 0.0% | $135.0k | 43,645 | 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.