Bruce Berkowitz‘s mutual fund Fairholme has filed a 13D with the SEC, updating the regulatory body on its activist position in NOW Inc (NYSE:DNOW), one of its top positions at the end of 2015. The filing reveals that the mutual fund has added another 79,400 shares of the stock to its portfolio in 2016, lifting its ownership to just under 7.21 million shares, 6.7% of the company’s shares. You can see all the details in the filing below.
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 | 6,644,100 | 0 | 7,206,800 | 7,206,800 | 6.7% |
| Bruce R. Berkowitz | 0 | 6,644,100 | 0 | 7,206,800 | 7,206,800 | 6.7% |
| Fairholme Funds, Inc | 0 | 6,461,800 | 0 | 6,461,800 | 6,461,800 | 6.0% |
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Page 1 of 10 SEC Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under The Securities Exchange Act of 1934
(Amendment No. __)*
| NOW Inc. |
| (Name of Issuer) |
| Common Stock, par value $0.01 per share |
| (Title of Class of Securities) |
| 67011P100 |
| (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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