13F filing recap · Q3 2003

What did Fairholme Capital Management buy in Q3 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

$635.73M

Positions

Estimated turnover

8.4%

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

HOFDHomefed Corp$7.84Mreported value+317.0K shares GOODGladstone Commercial Corp$5.60Mreported value+400.0K shares MOAltria Group, Inc.$1.60Mreported value+36.5K shares AWINArch Wireless Inc$837.0Kreported value+74.5K shares KFTKraft Foods Inc$619.0Kreported value+21.0K shares MTOHMetrocall Holdings Inc$217.0Kreported value+1.5K shares HVDMHvide Marine Inc.$0reported value+10.0K shares

Increased positions

LUKLeucadia National Corporation$105.13Mreported value+430.9K shares+18.4%WTELWiltel Communications Group, Inc.$40.13Mreported value+67.4K shares+2.8%YAlleghany Corporation$18.53Mreported value+979 shares+1.0%GLADGladstone Capital Corporation$12.96Mreported value+24.3K shares

Reduced positions

BRK.ABerkshire Hathaway Inc$155.63Mreported value-4 shares-0.2%BRK.BBerkshire Hathaway Inc$85.94Mreported value-178 shares-0.5%MKLMarkel Group Inc.$60.60Mreported value-5.8K shares-2.5%MCYMercury General Corp$48.87Mreported value-34.9K shares

Exited positions

HOFDHomefed Corp$7.87Mprior reported value-2.86M shares-100.0%GTWGateway Inc$657.0Kprior reported value-180.0K shares-100.0%AXPAmerican Express Co$439.0Kprior reported value-10.5K shares-100.0%TJXThe Tjx Companies, Inc.$283.0Kprior reported value-15.0K shares