Hedge Fund - Fairholme (Fairx)

Bruce Berkowitz Bio, Returns, Net Worth

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.

Bruce Berkowitz
Fund Profile
Filling Period:
Fund Holdings Sector Distribution
Fund Name: Fairholme (Fairx)
Manager Bruce Berkowitz
Portfolio Value $5,341,954,000
Change This QTR +0.73%
Filling Period:
Sorted by:
No. Security Ticker Shares Value (x$1000) Activity % Port
1. AIG 23,861,480 $1,307,370 -54% 24.47%
2. BAC 76,754,365 $1,181,250 -19% 22.11%
3. SHLD 25,989,173 $1,075,432 -3% 20.13%
4. AIG 24,453,614 $534,067 -1% 9.99%
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