Kruck20
This article is part of a series that provides an ongoing analysis of the changes made to Fairholme’s 13F stock portfolio on a quarterly basis. It is based on Fairholme’s regulatory 13F Form filed on 11/14/2023. Please visit our
Tracking Bruce Berkowitz's Fairholme Portfolio - Q3 2023 Update
Summary
- Fairholme's 13F stock portfolio value increased by 7% to $1.41 billion this quarter, with most assets invested in St. Joe Company.
- Fairholme Fund has generated significant alpha since its inception but has underperformed over the past 10 years.
- New stakes include Bank OZK and Home Bancshares, while stake disposals include Commercial Metals and Comerica.
Focused on analyzing 13F reports & building tools to help DIY investors generate absolute returns through exploiting inefficiency, volatility, and momentum. Broader commentary for DIY investors at Substack.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I am long Fannie/Freddie pfds.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.