CA - Tracking Bruce Berkowitz's Fairholme Portfolio - Q4 2024 Update

2025-03-18 21:00:39 ET

Summary

• Fairholme's 13F stock portfolio value decreased from $1.46B to $1.18B, with the vast majority in St. Joe Companies, comprising ~78% of assets.
• New stakes include Energy Transfer LP, Occidental Petroleum, and EOG Resources, with minor increases in Enterprise Products Partners.
• Stake decreases were seen in St. Joe Companies, Bank OZK, and Berkshire Hathaway, while W. R. Berkley and Apple Inc. stakes were kept steady.
• Fairholme Fund has generated significant alpha since inception but underperformed in the last decade; Fannie/Freddie preferred shares were vastly reduced since their court loss in 2023.

This article is part of a series that provides an ongoing analysis of the changes made to Fairholme's 13F stock portfolio on a quarterly basis. It is based on Fairholme's regulatory 13F Form filed on 02/14/2025. Please visit our Tracking Bruce Berkowitz's Fairholme Fund Holdings article for an idea on how his holdings have progressed over the years and our previous update for the fund's moves during Q3 2024....

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