13D Filing: Bruce Berkowitz’s Fairholme Lifts Stake in MRC Global Inc. (MRC)

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Bruce Berkowitz‘s Fairholme Capital Management has filed a 13D related to its position in MRC Global Inc (NYSE:MRC), which was the mutual fund’s tenth-largest position at the end of 2015. The filing reveals that Fairholme has purchased a net total of 185,000 shares in 2016, lifting its ownership stake to 5.75 million shares, with the position amassing 5.6% of MRC Global’s common stock. Shares of MRC are up by 13% this week after the company released its fourth quarter earnings on Monday.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Fairholme Capital Management 0 5,193,600 0 5,748,200 5,748,200 5.6%
Bruce R. Berkowitz 0 5,193,600 0 5,748,200 5,748,200 5.6%

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Page 1 of 9 SEC Filing

Under The Securities Exchange Act of 1934
(Amendment No. __)*
MRC Global Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
(CUSIP Number)
Bruce R. Berkowitz
c/o Fairholme Capital Management, L.L.C.
4400 Biscayne Boulevard, 9th Floor
Miami, FL  33137
(305) 358-3000
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
February 22, 2016
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.240.13D-1(e), 240.13d‑1(f) or 240.13d-1(g), check the following box [X].
Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 13d-7 for other parties to whom copies are to be sent.
*   The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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