13F filing recap · Q1 2003

What did Fairholme Capital Management buy in Q1 2003?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every Fairholme account, including accounts that belong to no fund below.

Stock value

$510.57M

Positions

Estimated turnover

13.8%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

WSCWesco Financial Corporation$507.0Kreported value+1.7K shares MSMorgan Stanley$330.0Kreported value+8.6K shares GNSGenius Products Inc$8.0Kreported value+10.0K shares

Increased positions

BRK.ABerkshire Hathaway Inc$127.41Mreported value+68 shares+3.5%BRK.BBerkshire Hathaway Inc$72.76Mreported value+711 shares+2.1%LUKLeucadia National Corporation$70.69Mreported value+150.5K shares+8.2%MCYMercury General Corp$42.89Mreported value+102.6K shares

Reduced positions

MKLMarkel Group Inc.$52.30Mreported value-1.7K shares-0.7%HIHousehold International Inc$15.95Mreported value-1.19M shares-67.9%WFCWells Fargo & Company/mn$6.06Mreported value-200 shares-0.1%HOFDHomefed Corp$3.83Mreported value-13.0K shares

Exited positions

CFPCalifornia Federal Preferred Capital Corp$403.0Kprior reported value-15.5K shares-100.0%ABXBarrick Mining Corp$157.0Kprior reported value-10.2K shares-100.0%