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 | $7,859,784,000 |
| Change This QTR | +1.00% |
| No. | Security | Ticker | Shares | Value (x$1000) | Activity | % Port |
|---|---|---|---|---|---|---|
| 1.) | AIG | 85,900,077 | $3,334,641 |  |
42.42% | |
| 2.) | BAC | 100,589,215 | $1,225,177 | |
15.58% | |
| 3.) | SHLD | 19,508,773 | $974,853 | |
12.4% | |
| 4.) | JOE | 25,035,855 | $532,012 | |
6.76% | |
| 5.) | LUK | 18,770,478 | $514,874 | |
6.55% | |
| 6.) | AIG | 24,315,718 | $369,599 | |
4.7% | |
| 7.) | MBI | 31,425,820 | $322,743 | |
4.1% | |
| 8.) | CHK | 13,373,700 | $272,957 |  |
3.47% | |
| 9.) | BRK-B | 1,530,975 | $159,528 | |
2.02% | |
| 10.) | BAC | 9,904,428 | $56,455 | |
0.71% |
Insider Monkey beat the market by 20 percentage points in 6 months - Learn how!
