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
Showing:
Fund Holdings Sector Distribution
Fund Name: Fairholme (Fairx)
Manager Bruce Berkowitz
Portfolio Value $9,714,257,000
Change This QTR +1.15%
Showing:
Sorted by:
No. Security Ticker Shares Value (x$1000) Activity % Port
1.) AIG 79,752,186 $4,071,349 -6% 41.91%
2.) BAC 99,742,115 $1,552,985 +0% 15.98%
3.) SHLD 21,331,673 $1,046,105 +3% 10.76%
4.) FNMA 59,049,119 $516,680 5.31%
5.) LUK 17,957,927 $508,928 -3% 5.23%
6.) AIG 24,250,009 $491,063 -0% 5.05%
7.) JOE 24,863,504 $477,131 -1% 4.91%
8.) FMCC 39,901,900 $357,920 3.68%
9.) FNMA 6,339,843 $90,026 0.92%
10.) BRK-B 710,225 $84,204 -1% 0.86%
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