13F filing recap · Q1 2004

What did Fairholme Capital Management buy in Q1 2004?

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

$835.31M

Positions

Estimated turnover

5.0%

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

HMAHealth Management Associates Inc$4.57Mreported value+196.9K shares SEISeitel Inc$1.46Mreported value+386.1K shares CFCCountrywide Financial Corp$1.43Mreported value+14.9K shares CBHCommerce Bancorp, Inc.$1.17Mreported value+17.8K shares PLXPlains Resources Inc$1.12Mreported value+61.7K shares LBL Brands Inc$200.0Kreported value+10.0K shares

Increased positions

LUKLeucadia National Corporation$210.92Mreported value+14.0K shares+0.4%MCYMercury General Corp$57.16Mreported value+61.5K shares+5.7%WTMWhite Mountains Insurance Group, Ltd$49.60Mreported value+3.5K shares+3.8%YAlleghany Corporation$31.64Mreported value+20.4K shares

Reduced positions

BRK.ABerkshire Hathaway Inc$195.56Mreported value-2 shares-0.1%BRK.BBerkshire Hathaway Inc$108.28Mreported value-137 shares-0.4%MKLMarkel Group Inc.$63.48Mreported value-4.6K shares-2.1%GLADGladstone Capital Corporation$15.02Mreported value-1.2K shares