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 05/15/2018. 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 Q4 2017.
Berkowitz’s 13F stock portfolio value decreased ~4% from $726M to $701M this quarter. The portfolio continues to be very concentrated, with ~90% of the holdings invested