13F filing recap · Q1 2006

What did Fairholme Capital Management buy in Q1 2006?

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

$2.55B

Positions

Estimated turnover

39.8%

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

MHKMohawk Industries, Inc.$106.63Mreported value+1.32M shares DUKDuke Energy Corporation$47.64Mreported value+1.63M shares MDCM.d.c. Holdings, Inc.$46.30Mreported value+720.0K shares CLMTCalumet, Inc. /de$16.66Mreported value+599.1K shares ANAutonation, Inc.$15.09Mreported value+700.0K shares IDTIdt Corp$11.13Mreported value+1.02M shares WMBWilliams Companies, Inc.$9.20Mreported value+430.0K shares CGICommerce Group Inc$8.01Mreported value+151.6K shares DDominion Energy, Inc$6.90Mreported value+100.0K shares IAACInternational Assets Holding Corporation$145.0Kreported value+14.1K shares

Increased positions

BRK.ABerkshire Hathaway Inc$432.14Mreported value+543 shares+12.8%ECHOEchostar Corporation$384.77Mreported value+6.32M shares+96.3%CNQCanadian Natural Resources Limited$318.84Mreported value+492.9K shares+9.4%BRK.BBerkshire Hathaway Inc$184.72Mreported value+11.6K shares

Reduced positions

LUKLeucadia National Corporation$346.31Mreported value-1.82M shares-23.9%NLYAnnaly Capital Management, Inc.$66.64Mreported value-436.8K shares-7.4%MCYMercury General Corp$37.00Mreported value-29.5K shares-4.2%HOFDHomefed Corp$20.48Mreported value-118 shares

Exited positions

FMCCFederal Home Loan Mortgage Corp$44.65Mprior reported value-683.3K shares-100.0%XOMExxon Mobil Corp.$39.32Mprior reported value-700.0K shares-100.0%MCIPMci Inc$5.12Mprior reported value-259.6K shares-100.0%CFCCountrywide Financial Corp$3.42Mprior reported value-100.0K shares