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 $14,440,522,000
Change This QTR +0.91%
Showing:
Sorted by:
No. Security Ticker Shares Value (x$1000) Activity % Port
1.) AIG 44,198,015 $1,553,118 -0% 10.75%
2.) SHLD 16,313,973 $1,348,350 +9% 9.33%
3.) BAC 92,648,715 $1,235,007 +1% 8.55%
4.) C 258,442,600 $1,142,316 +9% 7.91%
5.) GS 6,702,300 $1,062,113 +14% 7.35%
6.) MS 38,891,300 $1,062,510 +1% 7.35%
7.) RF 124,035,304 $900,496 -0% 6.23%
8.) BAM 27,500,000 $892,650 6.18%
9.) CIT 19,862,429 $845,146 -1% 5.85%
10.) LUK 18,830,881 $706,911 -1% 4.89%
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