13F filing recap · Q2 2003

What did Fairholme Capital Management buy in Q2 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

$599.73M

Positions

Estimated turnover

10.8%

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

HSBCHSBC Holdings Plc$4.64Mreported value+78.5K shares OHPOxford Health Plans, Inc.$2.52Mreported value+60.0K shares CSWCCapital Southwest Corporation$368.0Kreported value+6.5K shares TJXThe Tjx Companies, Inc.$283.0Kreported value+15.0K shares PAAPlains All American Pipeline LP$220.0Kreported value+7.0K shares

Increased positions

BRK.ABerkshire Hathaway Inc$150.73Mreported value+82 shares+4.1%LUKLeucadia National Corporation$87.10Mreported value+368.7K shares+18.6%BRK.BBerkshire Hathaway Inc$84.10Mreported value+562 shares+1.7%WTELWiltel Communications Group, Inc.$36.20Mreported value+149.9K shares

Reduced positions

MKLMarkel Group Inc.$59.59Mreported value-1.0K shares-0.4%MCYMercury General Corp$51.41Mreported value-3.9K shares-0.3%GLADGladstone Capital Corporation$13.15Mreported value-900 shares-0.1%WFCWells Fargo & Company/mn$6.77Mreported value-250 shares

Exited positions

HIHousehold International Inc$15.95Mprior reported value-564.1K shares-100.0%USGUsg Corporation$1.68Mprior reported value-404.3K shares-100.0%CCPRZCoast Federal Litigation Trust$8.0Kprior reported value-156.2K shares-100.0%HVDMHvide Marine Inc.$0prior reported value-10.0K shares