Hedge Fund - Fairholme (FAIRX)

Bruce Berkowitz Bio, Returns, AUM, 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
Filing Period:
Fund Name: Fairholme (FAIRX)
Manager Bruce Berkowitz
Portfolio Value $1,211,528,000
Change This QTR +0.98%
Fund Holdings Sector Distribution
Filing Period:
Last update:
No. Security Ticker Shares Value (x$1000) Activity % Port
1. JOE 25,745,557 $1,104,484 -3% 91.16%
2. BRK.A 49,960 $12,763 -16% 1.05%
3. ENB 341,800 $12,442 +34% 1.02%
4. T 398,800 $12,072 +3% 0.99%
5. KMI 667,200 $11,109 +6% 0.91%
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