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Bruce Berkowitz's Fairholme Fund unloaded the rest of its stake in Citigroup (C) as of ...

Bruce Berkowitz's Fairholme Fund unloaded the rest of its stake in Citigroup (C) as of  Feb. 29. The fund maintained holdings in AIG, BAC, and CIT. Fairholme had an ugly 2011 thanks to its concentration in financials, but is  up 27% YTD (-14.8% Y/Y).
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Comments (5)
  • pepe5050
    , contributor
    Comments (10) | Send Message
     
    With the richest man in Saudi Arabia backing C, there is no chance this investment will not continue to improve performance. It's worldwide footprint is impressive and productive.
    26 Apr 2012, 06:32 PM Reply Like
  • gh1616
    , contributor
    Comments (497) | Send Message
     
    Sorry pepe, I trust Berkowitz far more than "the richest man in Saudi Arbia!!
    26 Apr 2012, 07:49 PM Reply Like
  • shakey1303
    , contributor
    Comments (18) | Send Message
     
    I bought BAC, C, SAN, after the fall out last year and put them in my wife's IRA. She has ten years before she has to start withdrawing funds and, I figured, by then she should get a nice return.
    26 Apr 2012, 10:04 PM Reply Like
  • stocksrfun
    , contributor
    Comments (10) | Send Message
     
    Bruce.....WHY?? Financials will be the market leaders. wrong time to sell. Surprised!
    27 Apr 2012, 09:15 AM Reply Like
  • johnshrl
    , contributor
    Comments (4) | Send Message
     
    Financial's will be protected by the Fed no matter who is in the White House!!
    28 Apr 2012, 12:16 PM Reply Like
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