Bruce Berkowitz launched Fairholme in 1999. It earned him the title of "Stock Manager of the Decade" from Morningstar and is now a $19 Billion mutual fund. Berkowitz's Fairholme Fund managed to return 1.02% per month since September 2000. This compounds to an average annual return of 12.9% for the past 10 years. In 2010, Fairholme Fund returned 25.5%, beating the SPY by more than 10 percentage points. In fact, Berkowitz managed to beat the market every year except in 2003.
| Fund Name: | Fairholme (Fairx) |
| Manager | Bruce Berkowitz |
| Portfolio Value | $6,113,503,000 |
| Change This QTR | +0.74% |
| No. | Security | Ticker | Shares | Value (x$1000) | Activity | % Port |
|---|---|---|---|---|---|---|
| 1.) | AIG | 92,044,583 | $2,135,434 | -9% |
34.92% | |
| 2.) | CIT | 18,616,669 | $649,163 | -4% |
10.61% | |
| 3.) | BAC | 104,261,795 | $579,696 | -1% |
9.48% | |
| 4.) | MBI | 46,531,244 | $539,297 | -4% |
8.82% | |
| 5.) | SHLD | 16,108,492 | $511,928 | -1% |
8.37% | |
| 6.) | BRK-A | 4,022 | $461,545 | -1% |
7.54% | |
| 7.) | LUK | 18,278,538 | $415,654 | -1% |
6.79% | |
| 8.) | JOE | 26,184,846 | $372,348 | -1% |
6.09% | |
| 9.) | BRK-B | 2,730,141 | $208,310 | -63% |
3.4% | |
| 10.) | AIG | 24,528,959 | $135,154 | +2% |
2.21% | |
| 11.) | C | 2,110,093 | $55,517 | -92% |
0.9% | |
| 12.) | BAC | 8,490,728 | $17,151 | +38% |
0.28% | |
| 13.) | JEF | 1,280,300 | $17,604 | -63% |
0.28% | |
| 14.) | WFC | 818,445 | $7,022 | +93% |
0.11% | |
| 15.) | JPM | 484,700 | $4,120 |  |
0.06% | |
| 16.) | GS | 21,300 | $1,926 | -7% |
0.03% | |
| 17.) | WFC | 31,400 | $865 |  |
0.01% | |
| 18.) | AGO | 51,700 | $679 | |
0.01% | |
| 19.) | STD | 0 | $0 |  |
0% | |
| 20.) | BAM | 0 | $0 | |
0% |
