13F filing recap · Q2 2004

What did Fairholme Capital Management buy in Q2 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

$745.68M

Positions

Estimated turnover

9.9%

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

ECHOEchostar Corporation$4.53Mreported value+147.4K shares

Increased positions

LUKLeucadia National Corporation$198.00Mreported value+25.3K shares+0.6%WTMWhite Mountains Insurance Group, Ltd$48.61Mreported value+753 shares+0.8%HOFDHomefed Corp$10.85Mreported value+316 shares+0.1%AWINArch Wireless Inc$7.39Mreported value+35.0K shares

Reduced positions

BRK.ABerkshire Hathaway Inc$177.81Mreported value-97 shares-4.6%BRK.BBerkshire Hathaway Inc$91.69Mreported value-3.8K shares-10.9%MCYMercury General Corp$52.38Mreported value-89.8K shares-7.8%MKLMarkel Group Inc.$40.79Mreported value-73.5K shares

Exited positions

WMBWilliams Companies, Inc.$3.62Mprior reported value-377.7K shares-100.0%MCIPMci Inc$3.45Mprior reported value-166.0K shares-100.0%OHPOxford Health Plans, Inc.$3.10Mprior reported value-63.5K shares-100.0%SEISeitel Inc$1.46Mprior reported value-386.1K shares