13F filing recap · Q4 2006

What did Fairholme Capital Management buy in Q4 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

$4.22B

Positions

Estimated turnover

17.4%

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

MWAMueller Water Products, Inc.$114.10Mreported value+7.66M shares MWAMueller Water Products, Inc.$12.95Mreported value+871.0K shares TWMCEURTrans World Entertainment Corp$784.0Kreported value+119.2K shares

Increased positions

BRK.ABerkshire Hathaway Inc$813.60Mreported value+791 shares+12.0%CNQCanadian Natural Resources Limited$765.49Mreported value+2.08M shares+16.9%ECHOEchostar Corporation$521.53Mreported value+110.2K shares+0.8%PWEPenn West Energy Trust$371.65Mreported value+3.82M shares

Reduced positions

USMOUSA Mobility Inc$53.12Mreported value-325.5K shares-12.1%MRSHMarsh & Mclennan Companies, Inc.$39.55Mreported value-2.0K shares-0.2%CLMTCalumet, Inc. /de$23.97Mreported value-213.8K shares-26.3%HOFDHomefed Corp$21.02Mreported value-1.1K shares

Exited positions

NLYAnnaly Capital Management, Inc.$42.22Mprior reported value-3.21M shares-100.0%