13F filing recap · Q1 2007

What did Fairholme Capital Management buy in Q1 2007?

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

$4.92B

Positions

Estimated turnover

22.1%

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

SESpectra Energy Corp$66.20Mreported value+2.52M shares FCXFreeport-Mcmoran Inc.$43.85Mreported value+662.5K shares

Increased positions

BRK.ABerkshire Hathaway Inc$1.07Breported value+2.4K shares+32.8%CNQCanadian Natural Resources Limited$1.00Breported value+3.77M shares+26.2%PWEPenn West Energy Trust$364.46Mreported value+243.9K shares+2.0%LUKLeucadia National Corporation$257.88Mreported value+1.89M shares

Reduced positions

ECHOEchostar Corporation$594.20Mreported value-31.9K shares-0.2%MHKMohawk Industries, Inc.$277.23Mreported value-19.9K shares-0.6%SHLDQSears Holdings Corporation$178.28Mreported value-1.3K shares-0.1%MRSHMarsh & Mclennan Companies, Inc.$33.93Mreported value-131.6K shares

Exited positions

PDPhelps Dodge Corp$118.38Mprior reported value-988.8K shares-100.0%KALUKaiser Aluminum Corp$3.03Mprior reported value-54.2K shares-100.0%TWMCEURTrans World Entertainment Corp$784.0Kprior reported value-119.2K shares-100.0%GICGlobal Industrial Company$602.0Kprior reported value