Fairholme Capital Management LLC
Fairholme Capital Management LLC is an independent investment adviser founded in 1997 and headquartered in South Miami, Florida. The firm primarily manages open-end investment companies and provides investment advisory services to pooled investment vehicles. With a small staff of under 10 employees, Fairholme is known for its concentrated, value-oriented investing approach and serves primarily institutional and high-net-worth clients.
Investment Strategy
Fairholme Capital Management LLC pursues a contrarian, value-driven investment philosophy, focusing on long-term capital appreciation through concentrated positions in undervalued equities and distressed securities. The firm is known for in-depth fundamental research and for holding large stakes in a few high-conviction investments, typically in hard-hit or out-of-favor sectors it believes offer substantial upside potential relative to risk.
Top Holdings
Equity Positions (12)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
J JOE | ST JOE CO | 78.54% | $963.7M | 20,204,167 | $30.25 | $47.70 | +$15.0M |
E EPD | ENTERPRISE PRODS PARTNERS L | 13.77% | $169.0M | 5,450,400 | $24.35 | $31.01 | -$17.1M |
O OZK | BANK OZK | 3.52% | $43.1M | 916,752 | $43.96 | $47.06 | +$15.7M |
B BRK-B | BERKSHIRE HATHAWAY INC DEL | 1.92% | $23.6M | 48,597 | $308.61 | $485.77 | -$2.3M |
W WRB | WR BERKLEY CORP | 1.57% | $19.2M | 261,450 | $44.53 | $73.47 | +$603.9K |