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 $7,295,637,000
Change This QTR +1.00%
Filling Period:
Sorted by:
No. Security Ticker Shares Value (x$1000) Activity % Port
1. AIG 51,283,896 $2,872,411 -15% 39.37%
2. BAC 94,304,965 $1,687,116 -4% 23.12%
3. SHLD 26,545,273 $875,463 +5% 11.99%
4. AIG 24,471,763 $602,495 -1% 8.25%
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